My Application Form Status

Check the status of your application form with Angel Broking.
  • Companies
  • Everything else
Search
US stocks end in the green
Dec 07,2016

U.S. stocks rose on Tuesday, 06 December 2016 with the Dow Jones Industrial Average finishing at an all-time high for a second day in a row, as the theme of rotational buying into new leaders such as financials and dividend-rich telecommunication shares continued. The markets momentum, however, was subdued as investors appeared to trade cautiously after the blue-chips gauge notched an all-time high in the previous session.

The Dow industrials DJIA, +0.18% rose 35.54 points, or 0.2%, to end at 19,251.78. The S&P 500 index gained 7.52 points, or 0.3%, to finish at 2,212.23, only about a point away from its record closing level. The Nasdaq Composite Index added 24.11 points, or 0.5%, to close at 5,333.

Once again, the trading day was very quiet, but once again, that did not stop the market from inching higher. Investor sentiment remained upbeat despite the weekend failure of a constitutional reform referendum in Italy. The countrys MIB index surged 4.2% while demand for Italian debt sent Italys 10-yr yield lower by four basis points to 1.95%.

Equities spent the first two hours of action near their flat lines, but climbed into the afternoon amid gains in most sectors. A few cyclical sectors opened in the red, but only energy remained in negative territory when the closing bell rang.

The ICE U.S. dollar index was trading higher by 0.4% after strong gains in November and early December. Strength in the buck often makes commodities, including gold, less attractive for holders of other currencies.

Economic data at Wall Street on Tuesday included Productivity, Unit Labor Costs, Trade Balance, and Factory Orders. Third-quarter productivity was left unrevised at 3.1% (consensus 3.3%) while Unit Labor Costs were revised up to 0.7% from 0.3% (consensus 0.2%). Higher unit labor costs may not be the best thing for corporate profit margins, yet there is an encouraging element for consumer spending growth since the revision for unit labor costs was driven solely by an increase in hourly compensation growth.

Separately, the trade deficit widened to $42.6 billion in October (consensus -$41.8 bln) from an upwardly revised $36.2 billion deficit (from -$36.4 bln) in September.

Bullion prices ended lower at Comex on Tuesday, 06 December 2016. Gold prices settled lower for a second session as the dollar strengthened against its leading rivals and U.S. stocks traded mostly highern++drawing investors attention away from the precious metal. Gold investors also remained on the defensive as they faced the strong likelihood of a Federal Reserve interest-rate hike next week and the possibility that monetary policy will tighten at an accelerated pace in 2017, boosting the dollar and cutting demand for the yellow metal.

Gold futures for February delivery fell $6.40, or 0.5%, to settle at $1,170.10 an ounce. The contract fell below $1,160 an ounce briefly on Monday, flirting with levels not seen since February. March silver failed to extend the gains seen over the past three trading sessions, with the contract settling at $16.81 an ounce, down 8.9 cents, or 0.5%.

Crude oil futures finished lower on Tuesday, 06 December 2016 for the first time in five sessions, as some traders anticipated further increases in crude production last month from the Organization of the Petroleum Exporting Countries, despite an agreement to cut back output starting in January.

On the New York Mercantile Exchange, January West Texas Intermediate futures fell by 86 cents, or 1.7%, to settle at $50.93 a barrel. February Brent crude, the global oil benchmark, lost $1.01, or 1.8%, to $53.93 a barrel on Londons ICE Futures exchange. Both Brent and WTI posted gains in each of the last four sessions and on Monday, hit their highest levels since July 2015.

The Energy Information Administration will release its weekly data on U.S. petroleum supplies on Wednesday morningn++after the American Petroleum Institutes figures, which come out late Tuesday. Market expects a decline of 1.7 million barrels for crude inventories. They also predict a rise of 900,000 barrels in gasoline stockpiles and an increase of 100,000 barrels for distillates, which include heating oil.

Treasuries spent the day inside narrow ranges with modest demand for the 10-yr note sending its yield lower by a basis point to 2.39%.

Todays participation was a bit light as fewer than 860 million shares changed hands at the NYSE floor.

Tomorrow, the weekly MBA Mortgage Index will be released at 7:00 ET while October JOLTS will be announced at 10:00 ET. October Consumer Credit (consensus $18.70 billion) will be reported at 15:00 ET.

Powered by Capital Market - Live News

Asia Pacific Market: Strong overseas leads spur stocks
Dec 06,2016

Asia Pacific share market bounced on Tuesday, 06 December 2016, recovering nearly all of the previous days losses following a positive lead from European and US markets. MSCIs broadest index of Asia-Pacific shares outside Japan bounced 0.7%, its biggest daily rise since Nov. 22, breaking two days of falls.

US stock markets were modestly higher by the end of Monday trading, shrugged off concerns about Italys lost referendum on constitutional reform. At the close, Dow closed at 19,216.24 (up 45.82 or 0.2%); S&P 500 ended at 2,204.71 (up 12.76 or 0.6%); and NASDAQ closed at 5,308.89 (up 53.24 or 1%). The US economic stats out on the day were unambiguously positive, providing further reasons - as if they were needed - for the FOMC to get serious about normalising US monetary policy settings. Overnight in the U.S., the ISM nonmanufacturing index rose to 57.2 in November from 54.8 in the previous month. The November ISM services index data bettered economists consensus forecasts, providing yet another sign that corporate America was not overly fussed about as pending Trump administration. The Fed-prepared labor market conditions index was materially stronger than the economists consensus forecast - and this after the preceding months data also enjoyed a nice upward revision.

Italian Prime Minister Matteo Renzi resigned Monday after a decisive referendum defeat, raising some uncertainty over the stability of European policy-making. Market reaction appeared relatively mild, however, compared with the fallout from the Brexit vote and the U.S. presidential election.

The markets near-term focus is on the Federal Reserves rate decision later this month. While a December rate increase has been factored in, investors are eager for any clues about the number of times the Fed will raise rates next year.

Among Asian bourses

Australia stocks gain 0.5%

Australian share market advanced today, snapping two straight sessions of losses, as investors appetite for risk assets underpinned on tracking gains on the offshore market overnight. With the exception of consumer staples and technology issues, every sector was up, with realty, industrials, and materials issues being notable gainers. At the closing bell, the benchmark S&P/ASX 200 index advanced 28.30 points, or 0.52%, to 5428.70, while the broader All Ordinaries index inclined 28.60 points, or 0.52%, to close at 5486.60.

Shares of materials and resources were performers among ASX sectors, thanks to base metal positive close in overnight trade. Base metals were in demand in Monday LME trading, with copper closing at an 18-month high. Rio Tinto added 0.9% to A$59.14 and Fortescue added 0.8% to A$6.31. BHP ended up 1.2% to A$25.48, after winning a bid to partner with Mexican state oil company Pemex in a joint venture to develop a potentially lucrative deep water field in the countrys untapped Gulf waters.

Origin Energy shares gained 2.5% to A$6.58 after the gas and power retailer announced a plan to spin off its interests in conventional oil and gas fields in an initial public offering expected to be worth at least A$1 billion.

The Reserve Bank of Australia held interest rates at a record low of 1.5% on Tuesday despite a recent run of soft economic data but weak inflation figures kept the door open for future cuts. Inflation continued to disappoint, with core prices rising just 1.3% in the September quarter, well off the RBAs target range of 2-3%. The central bank acknowledged the housing market had strengthened, with prices in some regions rising briskly. A booming property sector previously saw the Reserve Bank reluctant to ease rates further owing to concern it could lead to overheating. The RBAs board next meets in early February, two weeks after the release of fourth-quarter inflation figures.

Nikkei bounces on yen depreciation, upbeat offshore lead

The Japan share market closed session in positive territory on Tuesday, 06 December 2016, bouncing back from Mondays losses as investors follow the lead in European and US markets overnight. Meanwhile, yen depreciation to lower 114-level against greenback also added strength to benchmark indices. Total 25 out of 33 TSE industry category on the main section gained ground, with Marine Transportation, Iron & Steel, Nonferrous Metals, Securities & Commodities Futures, Electric Power & Gas, and Insurance issues being major gainers. The 225-issue Nikkei average inclined 85.55 points, or 0.47%, to close at 18,360.54. The Topix index of all first-section issues finished up 10.24 points, or 0.7%, at 1,477.20.

Shares of financial, electronics and steel makers were stronger. Nomura Holdings Inc. rose 3% to 695.9 yen. Electronics firm Sharp Corp. gained 8.3% to Y208. Steel maker JFE Holdings Inc. advanced 3.9% to Y1,803.5.

Preliminary average wages data in the Monthly Labor Survey from the Ministry of Health, Labour and Welfare released on Tuesday, showing the total monthly average cash earnings per regular employee rose just 0.1% on year in October to Y266,802 for the first rise in three months after being unchanged in the previous two months.

China Stocks edge lower

Mainland China stock market declined for second straight session on Tuesday, 06 December 2016, as investors contemplated the possible repercussions on trade from scathing comments by a top securities regulator about barbaric share acquisitions. Most sectors lost ground, while gains were only seen in defensive consumer and healthcare sectors, perceived as prominent beneficiaries of the newly launched Shenzhen-Hong Kong stock connect. The Shanghai Composite Index dropped 0.16%, to 3,199.65, while the Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.16% to 2,071.44. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, fell 1% to close at 2,122.26 points.

The chairman of Chinas securities regulator condemned n++barbaricn++ leveraged company buyouts by some asset managers using illegal funds, according to a statement posted on the China Securities Regulatory Commission (CSRC) on Saturday. n++

Chinas industry-leading blue-chips witnessed a broad slump on Monday, posting its heaviest fall in six months, after top securities regulator condemned barbaric share acquisitions by some unidentified asset managers.

Piling up the pressure, the countrys insurance regulator said it has taken regulatory measures against Foresea Life, a unit of Chinese financial conglomerate Baoneng Group, and Evergrande Insurance, a unit of China Evergrande, including suspending some of their insurance businesses.

Financial shares in China weakened after the countrys insurance regulator suspended an unlisted insurer from selling some products. This followed the countrys top market regulators scathing comments over the weekend condemning barbaric share acquisitions by some unidentified asset managers.

Gree Electric Appliances rebounded following the previous days 10% slump, after data showed overseas investors spent 372 million yuan buying the stock on Monday via the Shenzhen-Hong Kong Stock Connect as they hunted for bargains.

Hong Kong Stocks end higher

The Hong Kong stock market finished session higher, recovering nearly triple of the previous days losses following a positive lead from European and US markets. The Hang Seng Index ended up 0.75%, or 169.60 points, to 22,675.15, while the Hang Seng China Enterprises index inclined 0.59%, or 57.05 points, to 9,768.85. Turnover decreased to HK$60.7 billion from HK$68.8 billion on Monday.

HSBC (00005) soared 3% to HK$63.4 after Morgan Stanley upgraded the stock to overweight with a higher target price of HK$64 (previously HK$53). It contributed a 79-point gain to the HSI.

Citi Research revised up Macaus GGR to MOP19 billion, representing a growth of 4%. SJM Holdings (00880) soared 7% to HK$6.59 after Goldman Sachs upgrade to buy and a higher target price of HK$8, citing Macaus VIP gross gaming revenue is improving as big players are returning. Galaxy Entertainment (00027) and Wynn Macau (01928) rose 4% and 3% to HK$38 and HK$14.02.

China Life (02628) shot up 3% to HK$22.3 after Nomura reiterated its buy call. China Taiping (00966) gained 2% to HK$17.36.

Sensex hovers in positive terrain

Indian share market continued to hover in a narrow range in mid-afternoon trade. At 14:16 IST, the barometer index, the S&P BSE Sensex, was up 114.10 points or 0.43% at 26,463.20. The Nifty 50 index was up 39.10 points or 0.48% at 8,167.85.

FMCG major Dabur India declined 1.48% after the company foresees some near term pressure on the business on account of scarcity of cash with customers and trade due to demonetization.

On macro front, a two-day meet of the monetary policy committee (MPC) of the Reserve Bank of India (RBI) is scheduled today, 6 December 2016 and tomorrow, 7 December 2016. It will be interesting to watch RBIs monetary policy stance this time in a scenario of governments recent historic move of demonetization of higher denomination notes and amid easing consumer inflation. RBI had cut policy rates by 25 basis points in its last meet in October.

Meanwhile, Chief minister of Tamil Nadu, J Jayalalithaa, died yesterday, 5 December 2016, after undergoing treatment at Apollo Hospitals in Chennai. She was 68.

Elsewhere in the Asia Pacific region: New Zealands NZX50 rose 0.8% to 6910.36. Indonesias Jakarta Composite index added 0.1% to 5272.96. Taiwans Taiex grew 1% to 9250.77. South Koreas KOSPI index was up 1.4% to 1989.86. Malaysias KLCI grew 0.3% to 1629.73. Singapores Straits Times index added 0.2% to 2949.12.

Powered by Capital Market - Live News

Hong Kong Stocks end higher
Dec 06,2016

The Hong Kong stock market finished session higher on Tuesday, 06 December 2016, recovering nearly triple of the previous days losses following a positive lead from European and US markets. The Hang Seng Index ended up 0.75%, or 169.60 points, to 22,675.15, while the Hang Seng China Enterprises index inclined 0.59%, or 57.05 points, to 9,768.85. Turnover decreased to HK$60.7 billion from HK$68.8 billion on Monday.

Powered by Capital Market - Live News

China Stocks edge lower
Dec 06,2016

Mainland China stock market declined for second straight session on Tuesday, 06 December 2016, as investors contemplated the possible repercussions on trade from scathing comments by a top securities regulator about barbaric share acquisitions. Most sectors lost ground, while gains were only seen in defensive consumer and healthcare sectors, perceived as prominent beneficiaries of the newly launched Shenzhen-Hong Kong stock connect. The Shanghai Composite Index dropped 0.16%, to 3,199.65, while the Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.16% to 2,071.44. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, fell 1% to close at 2,122.26 points.

Powered by Capital Market - Live News

Nikkei bounces on yen depreciation, upbeat offshore lead
Dec 06,2016

The Japan share market closed session in positive territory on Tuesday, 06 December 2016, bouncing back from Mondays losses as investors follow the lead in European and US markets overnight. Meanwhile, yen depreciation to lower 114-level against greenback also added strength to benchmark indices. Total 25 out of 33 TSE industry category on the main section gained ground, with Marine Transportation, Iron & Steel, Nonferrous Metals, Securities & Commodities Futures, Electric Power & Gas, and Insurance issues being major gainers. The 225-issue Nikkei average inclined 85.55 points, or 0.47%, to close at 18,360.54. The Topix index of all first-section issues finished up 10.24 points, or 0.7%, at 1,477.20.

Powered by Capital Market - Live News

Strong overseas leads spur Australia stocks
Dec 06,2016

Australian share market advanced on Tuesday, 06 December 2016, snapping two straight sessions of losses, as investors appetite for risk assets underpinned on tracking gains on the offshore market overnight. With the exception of consumer staples and technology issues, every sector was up, with realty, industrials, and materials issues being notable gainers. At the closing bell, the benchmark S&P/ASX 200 index advanced 28.30 points, or 0.52%, to 5428.70, while the broader All Ordinaries index inclined 28.60 points, or 0.52%, to close at 5486.60.

Powered by Capital Market - Live News

Asia Pacific Market: Stocks slips on euro-zone uncertainty
Dec 05,2016

Headline equities of the Asia Pacific market declined on Monday, 05 December 2016, as investors flew away from riskier assets amid concerns about implications of the resignation of Italian Prime Minister Matteo Renzi after he suffered a humiliating defeat in a referendum over constitutional reforms.

Italian Prime Minister Matteo Renzis announced his resignation hours after losing a referendum on constitutional reform held Sunday. Italians voted against proposed reforms that would have curtailed the size and powers of the Senate and transferred powers from regions to the national government. Opposition parties had denounced the proposed amendments to the constitution as dangerous for democracy because they would have removed important checks and balances on executive power. The defeat and Renzis departure threatens to plunge Italy into a new phase of political uncertainty and possible economic turmoil. Some analysts fear a deeper crisis of investor confidence that could derail a rescue scheme for Italys most indebted banks, triggering a wider financial crisis across the eurozone.

The referendum outcome could be taken as another sign of rising anti-establishment sentiment in the core of Europe, potentially eroding investor confidence in the euro ahead of elections in the Netherlands, France and Germany next year.

Investors largely shrugged off data released Friday that showed the US unemployment rate at a nine-year low in November. The U.S. unemployment rate fell to a nine-year low of 4.6% in November, as employers added another 178,000 jobs, making it almost certain that the Federal Reserve will raise interest rates later this month.

Among Asian bourses

Australia Market slips 0.8%

Australian share market closed session in red terrain, as risk sentiments undermined after Italian Prime Minister Matteo Renzi indicated he would resign following heavy defeat on constitutional referendum, raising political uncertainty in the euro zone. Renzis decision to quit deals a fresh blow to the European Union at a time when Italy, the euro zones heavily indebted third-largest economy, is struggling to overcome a raft of crises. His defeat also prompts fresh ructions in markets, especially in the banking sector which has lost almost half its value this year on the Milan bourse, on fears over its huge exposure to bad loans accumulated during years of economic downturn. Most of the ASX sectors declined, with healthcare, consumer staples, consumer discretionary, industrials, energy, and financial issues being notable losers. At the closing bell, the benchmark S&P/ASX 200 index fell 43.60 points, or 0.8%, to 5400.40, while the broader All Ordinaries index declined 44.60 points, or 0.81%, to close at 5458.

Shares of healthcare, consumer goods and retailers were worst performers among ASX sectors. Among healthcare players, CSL declined 2.5% to A$95.64, RasMed 1.4% to A$7.90, and Cohlear 1.1% to A$115.70. Among consumer goods and retailers, Woolsworth dropped 1.1% to A$22.69 and Harvey Norman sank 3.7% to A$4.68. Myer sank 2% to A$1.25 and Coca Cola Amatil slipped 2% to A$9.36.

Shares of financial players sank, with big four banks being major losers. Among major banks, Westpac declined 1.2% to A$30.97, Australia & New Zealand Banking Group 1.1% to A$28.16, Commonwealth Bank of Australia 1.2% to A$77.68, and National Australia Bank 1% to A$28.77.

Utilities were the best performers among ASX sectors, thanks to an unsolicited and generous-looking bid for gas pipelines owner DUET Group, which sparked a 16% jump in the stock. APA Group added 1.3% and Spark 2.3%.

Shares of mining companies advanced, getting support from jump in Dalian iron ore futures by 4.5% during the session. BHP ended up 0.6% to A$25.18, while Rio added 1% to A$58.61 and Fortescue 1.8% to A$6.26. South32 climbed 2.5%.

Nikkei falls 0.82%

The Japan share market closed session in negative territory, as investors kept to the sidelines after Italian voters rejected constitutional changes, raising questions over whether Italy will stay in the European Union and keep using the euro. Investors largely shrugged off data released Friday that showed the US unemployment rate at a nine-year low in November, all but guaranteeing an interest rate hike before the end of the year. Total 26 out of 33 TSE industry category on the main section lost ground, with Banks, Real Estate, Services, Construction, Insurance, Air Transportation, Electric Power & Gas, and Mining issues being major losers. The 225-issue Nikkei average lost 151.09 points, or 0.82%, to close at 18,274.99. The Topix index of all first-section issues finished down 11.02 points, or 0.75%, at 1,466.96.

Shares of lenders suffered heavy damage on concerns about impact of Italian Prime Minister Matteo Renzi defeat on constitutional reform that could destabilise the countrys shaky banking system. Banking giant Mitsubishi UFJ sank 2.39% to 708.7 yen and rival Mizuho Financial Group fell 3.30% to 208.3 yen, while Toyota was off 0.86% to end the session at 6,628 yen.

Panasonic ended 0.16% higher at 1,206.5 yen after the Nikkei business daily reported that the electronics giant plans to purchase European automotive lighting company ZKW in a deal valued at about 100 billion yen.

Mobile game company DeNA fell again, dropping 5.63% to 3,100 yen, as it suspended its information websites over concerns about the accuracy of medical articles and other allegations.

China Stocks fall as regulator warns against barbaric share acquisitions

Mainland China stock market ended sharp down, with the blue-chip stocks suffered heavy fall after Chinas top securities regulator warned against barbaric share acquisitions, though small-caps were firm as the Shenzhen-Hong Kong investment link went live. The broader market sentiment was also cautious as investors and Europes politicians fear Italian Prime Minister Matteo Renzis resignation represents a fresh blow to the European Union. The Shanghai Composite Index dropped 1.2%, to 3,204.71, while the Shenzhen Composite Index, which tracks stocks on Chinas second exchange, fell 0.78% to 2,068.17. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, rose 0.02% to close at 2,143.88 points.

The chairman of Chinas securities regulator condemned n++barbaricn++ leveraged company buyouts by some asset managers using illegal funds, according to a statement posted on the China Securities Regulatory Commission (CSRC) website Saturday. n++Youve ultimately become a robber in the industry, and that is unacceptable,n++ CSRC Chairman Liu Shiyu said during his strong-worded speech at a meeting held by the Asset Management Association of China, a self-regulatory body that oversees private funds in the country. Liu said Chinas capital markets had seen a series of n++abnormal phenomenan++ lately, challenging the bottom line of Chinas financial law and regulations. n++Funneling public funds into leveraged acquisition means ordinary investors will ultimately bear the risks,n++ he said, underscoring this is absolutely not n++financial innovation.n++ Lius criticism is seen as partly alluding to recent instances of high profile acquisitions in the A-share market, including a bid by property developer China Evergrande Group to acquire 14.07% shares of its peer China Vanke Co. with 36.27 billion yuan (US$5.26 billion). In a commentary responding to Lius comments Saturday, financial magazine Yicai said the CSRC might have already collected evidence of illegal insurance funds used in some buyout deals via tender offers or banner acquisitions, citing unnamed sources in the industry.

A long-awaited stock link between Chinas gigantic Shenzhen and neighboring Hong Kong stock markets launched on Monday, giving foreign investors access to some of the fastest growing private-owned companies in the worlds second biggest economy. As expected, small caps were the early beneficiaries of the stock connect scheme with the Hong Kong small cap index rising 0.5%, bucking the broader downturn in the markets. On the mainland, the tech-heavy ChiNext sub-index which is the equivalent of the Nasdaq, was up 0.1%. The launch of the Shenzhen-Hong Kong link was hobbled by the fallout from the stock market crash last year and comes two years after authorities kicked off the Shanghai-Hong Kong connect scheme.

Hong Kong Stocks end lower after Italian PM quits

The Hong Kong stock market finished session lower, as investors assessed the implications of the resignation of Italian Prime Minister Matteo Renzi after he suffered a humiliating defeat in a referendum over constitutional reforms. Investors largely shrugged off launch of the long-awaited Shenzhen-Hong Kong Stock Connect today, which will give mainland investors access to Hong Kong-listed stocks, and allow international investors to trade Shenzhen-listed stocks. The Hang Seng Index ended down 0.26%, or 59.27 points, to 22,505.55, while the Hang Seng China Enterprises index declined 0.71%, or 69.43 points, to 9,711.80. Turnover decreased to HK$68.8 billion from HK$80.9 billion on Friday.

HKEx (00388) bore the brunt of the lackluster connect program. It fell 2.7% to HK$197.4. Both CITIC Securities (06030) and Haitong Securities (02208) dipped 2.3% to HK$17.18 and HK$14.5.

CK Hutchison (00001) softened 0.4% to HK$93.4 as the company was served an order from the Indian tax authorities for capital gains tax. CK Property (01113) has agreed to buy aircraft leasing business from CKH. Nomura is positive to the deal, but CKP slipped 1.3% to HK$51.

The CSRC Chairman Liu Shiyu strongly criticised that barbarian acquisition challenged the rules of the country. China Vanke (02202) plunged 7% to HK$21.7. Evergrande (03333) dipped 1.3% to HK$5.24.

Japanese gaming shares skyrocketed in Hong Kong after the countrys ruling Liberal Democratic Party took a step further to push ahead with the legalisation of casino gambling in Asias second largest economy. The sharp rally came as the legislation to legalise casino gambling in Japan passed a lower house committee in parliament last Friday following just six-plus hours of debate, amid the backing of Prime Minister Shinzo Abes government that is expected to fuel a tourism boom in casino resorts. The casino bill was pushed forward by the governing Liberal Democratic Party which attempted to get it passed in a plenary session of the lower house of the parliament as early as Tuesday. Niraku GC Holdings, a Japanese operator of pinball-like pachinko parlours, skyrocketed 103% to HK$1.42. DYNAM JAPAN (06889) also soared 37% to HK$15.18.7. Among Macau gaming players, Galaxy Entertainment (00027) rose 2.5% to HK$36.65. Sands China (01928) also added 2% to HK$37.25.

Sensex, Nifty trade higher

Indian benchmark indices jumped in mid-afternoon tradeon fresh buying by investors in select blue-chips even as most Asian markets retreated after Italys Prime Minister resigned following a heavy referendum defeat. The emergence of buying in select blue-chip stocks amid hopes that the RBI will lower interest rates at its policy review on Wednesday, influenced sentiments. However, a weak trend in other Asian bourses after Italys Prime Minister Matteo Renzi resigned following a heavy referendum defeat, forced investors to keep their commitments restricted. The Sensex rose 145.81 points, or 0.56% at the days high of 26,376.47 in mid-afternoon trade. The Nifty rose 49.85 points, or 0.62% at the days high of 8,136.65 in mid-afternoon trade.

South India based broadcasting and cable television companies were trading higher on the back of higher volume. Raj Television shares were trading 14% higher. Sun TV Network shares were trading 11.78% higher.

The latest data released by Markit Economics showed that Indias services sector activity declined sharply last month as cash shortages hit the sector in the wake of the governments move to demonetise higher denomination notes. The seasonally adjusted headline Nikkei India Services Business Activity Index dropped to 46.7 in November, from 54.5 in October, registering contraction for the first time since June 2015 and pointed to the sharpest reduction in output for almost three years.

Elsewhere in the Asia Pacific region: New Zealands NZX50 declined 0.7% to 6854.71. Indonesias Jakarta Composite index added 0.4% to 5268.31. Taiwans Taiex sank 0.3% to 9160.66. South Koreas KOSPI index was down 0.4% to 1963.36. Malaysias KLCI fell 0.2% to 1624.97. Singapores Straits Times index added 0.8% to 2943.05.

Powered by Capital Market - Live News

Hong Kong Stocks end lower after Italian PM quits
Dec 05,2016

The Hong Kong stock market finished session lower on Monday, 05 December 2016, as investors assessed the implications of the resignation of Italian Prime Minister Matteo Renzi after he suffered a humiliating defeat in a referendum over constitutional reforms. Investors largely shrugged off launch of the long-awaited Shenzhen-Hong Kong Stock Connect today, which will give mainland investors access to Hong Kong-listed stocks, and allow international investors to trade Shenzhen-listed stocks. The Hang Seng Index ended down 0.26%, or 59.27 points, to 22,505.55, while the Hang Seng China Enterprises index declined 0.71%, or 69.43 points, to 9,711.80. Turnover decreased to HK$68.8 billion from HK$80.9 billion on Friday.

Powered by Capital Market - Live News

Nikkei falls on eurozone uncertainty
Dec 05,2016

The Japan share market closed session in negative territory on Monday, 05 December 2016, as investors kept to the sidelines after Italian voters rejected constitutional changes, raising questions over whether Italy will stay in the European Union and keep using the euro. Investors largely shrugged off data released Friday that showed the US unemployment rate at a nine-year low in November, all but guaranteeing an interest rate hike before the end of the year. Total 26 out of 33 TSE industry category on the main section lost ground, with Banks, Real Estate, Services, Construction, Insurance, Air Transportation, Electric Power & Gas, and Mining issues being major losers. The 225-issue Nikkei average lost 151.09 points, or 0.82 percent, to close at 18,274.99. The Topix index of all first-section issues finished down 11.02 points, or 0.75%, at 1,466.96.

Powered by Capital Market - Live News

China Stocks fall as regulator warns against barbaric share acquisitions
Dec 05,2016

Mainland China stock market ended sharp down on Monday, 05 December 2016, with the blue-chip stocks suffered heavy fall after Chinas top securities regulator warned against barbaric share acquisitions, though small-caps were firm as the Shenzhen-Hong Kong investment link went live. The broader market sentiment was also cautious as investors and Europes politicians fear Italian Prime Minister Matteo Renzis resignation represents a fresh blow to the European Union. The Shanghai Composite Index dropped 1.2%, to 3,204.71, while the Shenzhen Composite Index, which tracks stocks on Chinas second exchange, fell 0.78% to 2,068.17. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, rose 0.02% to close at 2,143.88 points.

Powered by Capital Market - Live News

Australia Market slips on euro-zone uncertainty
Dec 05,2016

Australian share market closed session in red terrain on Monday, 05 December 2016, as risk sentiments undermined after Italian Prime Minister Matteo Renzi indicated he would resign following heavy defeat on constitutional referendum, raising political uncertainty in the euro zone. Renzis decision to quit deals a fresh blow to the European Union at a time when Italy, the euro zones heavily indebted third-largest economy, is struggling to overcome a raft of crises. His defeat also prompts fresh ructions in markets, especially in the banking sector which has lost almost half its value this year on the Milan bourse, on fears over its huge exposure to bad loans accumulated during years of economic downturn. Most of the ASX sectors declined, with healthcare, consumer staples, consumer discretionary, industrials, energy, and financial issues being notable losers. At the closing bell, the benchmark S&P/ASX 200 index fell 43.60 points, or 0.8%, to 5400.40, while the broader All Ordinaries index declined 44.60 points, or 0.81%, to close at 5458.

Powered by Capital Market - Live News

US stocks ended week on a flat note
Dec 05,2016

U.S. stocks struggled for direction on Friday, 02 December 2016 with the Dow industrials finishing lower and the S&P 500 and the Nasdaq closing slightly higher as investors digested a weaker-than-expected payroll report, favoring sectors viewed as safe in economically uncertain times. Wall Street has rallied over the past three weeks, with major indexes hitting a series of records since the U.S. presidential election. Investors are betting that President-elect Donald Trump will advocate for policies, such as tax cuts and deregulation, that could accelerate economic growth.

The Dow Jones Industrial Average which flipped between gains and losses, closed down 21.51 points, or 0.1%, at 19,170.42, for a weekly gain of 0.1%, barely continuing a four-week winning streak. The Nasdaq Composite Index closed up 4.55 points, or 0.1%, at 5,255.65, for a weekly loss of 2.7%, its worst weekly decline since before the 8 November election. The S&P 500 surrendered a seven-point gain to end just above its flat line at 2,191.9.

The stock market ended a down week on a flat note. For the week, the S&P 500 lost 1.0%, the Nasdaq fell 2.7%, and the Dow ticked up 0.1%. The blue-chip average was led lower by shares of Goldman Sachs Group and Caterpillar.

Prior to the open, investors received the November Employment Situation report. The uncertainty was underlined by the November jobs report, which showed 178,000 jobs added in the month, fewer than had been expected, while the count over the prior two months was reduced. However, the jobless rate fell sharply to a nine-year low of 4.6%. While the number of new jobs pointed to a labor market that continues to improve, it also suggested a moderation in growth, though not one severe enough to influence the expectation that the Federal Reserve would raise interest rates in December.

Equity indices climbed through the first two hours of action, but relative strength among four of five countercyclical sectors was not enough to offset losses in heavily-weighted groups like consumer discretionary, financials and industrials sectors.

Treasuries climbed alongside other sovereign debt, as participants employed caution ahead of a weekend constitutional reform referendum in Italy.

Crude oil rose 1.2% to settle at $51.68 a barrel, extending its recent advance. The commodity has soared more than 12% this week, the largest weekly gain of the year, following an agreement by OPEC to cut product seen as necessary to stabilizing prices.

The ICE dollar index was down 0.4% at 100.69, while gold settled up 0.7% at $1,177.80 an ounce, supported by the weaker dollar.

Fridays participation was shy of the 200-day average of 926 million as 882 million shares changed hands at the NYSE floor.

Mondays economic data will be limited to the 10:00 ET release of November ISM Services (consensus 55.6).

Powered by Capital Market - Live News

Asia Pacific Market: Stocks sluggish ahead of US payroll data
Dec 02,2016

Asia Pacific share market ended lower on Friday, 02 December 2016, as investors flew to lock-in recent gains on caution ahead of the release of U.S. jobs data for November later on Friday and Italys national referendum on constitutional amendments on Sunday

Investors are closely watching the U.S. employment data in search of a clue about whether the Fed will carry out an interest rate hiken++ at its Federal Open Market Committee meeting in December in line with growing market expectations.

On Sunday, Italy votes on constitutional reform. The result is being closely watched for its potential to topple the government with Italys heavily indebted banks already close to peril.

Crude Oil prices slipped on Friday as some investors opted to cash out after Brent touched a 16-month high on Thursday, with optimism over this weeks OPEC-Russia accord on cutting output giving way to questions on the sticking point of implementing the deal. Crude prices on Friday were pressured by data showing oil output in Russia rose in November to a post-Soviet high and news that Moscow would use its record November oil production as its baseline when it cuts output. U.S. West Texas Intermediate (WTI) futures settled up 62 cents, or 1.2%, at $51.68. The 5-day gain of 12.2% was the best weekly performance since February, 2011. The Organization of the Petroleum Exporting Countries, which accounts for a third of global oil supply, will reduce production starting in January by 1.2 million barrels per day, or over 3%, to 32.5 million bpd. As part of the OPEC deal, Russia has promised to gradually cut its crude output by up to 300,000 barrels per day in the first half of 2017. Russia and other non-OPEC producer are set to meet with OPEC on Dec. 9.

Among Asian bourses

Nikkei closes down

The Japan share market ended lower, as investors opted to lock in profits prior to closely watched events (US jobs data and a weekend Italian referendum). The 225-issue Nikkei average lost 87.04 points, or 0.47%, to close at 18,426.08. The Topix index of all first-section issues finished down 5.29 points, or 0.36%, at 1,477.98. Falling issues outnumbered rising ones 1,172 to 700 in the TSEs first section, while 118 issues were unchanged. Volume slightly increased to about 2.83 billion shares from Thursdays about 2.82 billion shares.

A pause in the yens recent weakening battered export-oriented names, including automakers Toyota, Honda and Fuji Heavy and industrial robot manufacturer Fanuc. Apple parts suppliers, such as Murata Manufacturing and Alps Electric, met with selling on a new report that the U.S. technology giant is reducing orders for iPhone 7 with suppliers due to worries about excess inventories. Other major losers included mobile game site operator DeNA, game maker Nintendo, mobile phone carrier KDDI and retail giant Seven & I Holdings.

By contrast, mega-banks Mitsubishi UFJ, Sumitomo Mitsui and Mizuho, brokerage firm Nomura and insurer Tokio Marine were buoyant in line with higher yields on Japanese government bonds after yields on 10-year U.S. Treasuries jumped to their highest levels since June 2015.. Oil Company Inpex, trading houses Mitsui and Mitsubishi and steel makers JFE Holdings and Nippon Steel & Sumitomo Metal were also on the plus side.

Australia Market falls on profit taking

Australian share market finished session deeply in red, as a reversal of the mining rally and profit taking. With the exception of gold producers, every sector was down, with energy and financial issues leading losses on profit booking. At the closing bell, the benchmark S&P/ASX 200 index fell 56.20 points, or 1.02%, to 5444, while the broader All Ordinaries index declined 57.80 points, or 1.04%, to close at 5502.60.

Energy and mining stocks were biggest drag on the benchmark index today on profit taking following strong yesterday gain. Among energy players, Woodside Petroleum sank 1.9% to A$30.94, Oil Search 0.1% to A$7.03, and Santos 0.5% to A$4.37. Among mining shares, BHP Billiton dropped 2.3% to A$25.02 and Rio Tinto 1.1% to A$58.04. Iron ore miner Fortescue Metals Group fell 3.2% to A$6.15.

Shares of financial players snapped their three-day winning streak, with big four banks being major losers. Among major banks, Westpac declined 1% to A$31.34, Australia & New Zealand Banking Group 0.8% to A$28.46, Commonwealth Bank of Australia 1.2% to A$78.60, and National Australia Bank 1.1% to A$29.07.

Bellamys was down 44% to close at A$6.85 after baby foods maker said that new import rules in China had created a supply glut that was hurting sales. Other China-exposed plays such as Bega Cheese and Blackmores were also languishing down 6.3% and 3.6% respectively.

China Stocks fall back on profit-taking

Mainland China stock market turned down on Friday, 02 December 2016, pushed down by selling to lock in profits following previous gains and on caution ahead of closely watched events. The Shanghai Composite Index dropped 0.9%, to 3,243.84, while the smaller Shenzhen Component Index closed 1.58% lower at 10,912.63 points. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, lost 1.76% to close at 2,143.45 points.

Securities, insurance, and telecommunications were among the days biggest losers. Leading telecom company China Unicom slumped 6.68% to close at 6.84 yuan per share. Bucking the trend, oil and gas shares extended strong performances on Friday, with oil giant Sinopec gaining 4.36% to end the day at 5.5 yuan per share.

Next week, Chinas stock market will see around 54.8 billion yuan of locked-up shares released for trading, and the stock connection between Hong Kong and Shenzhen will open on December 5, allowing investors to buy and sell shares on each others markets.

Hong Kong Stocks end sharply lower

The Hong Kong stock market finished session lower, as investors locked in gains ahead of U.S. jobs data later in the session and a weekend Italian referendum on Sunday. The Hang Seng Index ended down 1.37%, or 313.41 points, to 22,564.82 while the Hang Seng China Enterprises index declined 1.12%, or 111.08 points, to 9,781.23. Turnover increased to HK$80.9 billion from HK$74.8 billion on Thursday.

Casino players tumbled after reports that visitors carrying more than MOP120,000 cash entering Macau need to declare to the customs. Deutsche Bank said the curb add risks to Macau gaming industry. Sands China (01928) and Galaxy Entertainment (00027) slid 4% and 5% to HK$35.6 and HK$35.75. The stocks were the top blue-chip losers. Wynn Macau (01128) plunged 5% to HK$13.16.

HKEx (00388) softened 1% to HK$202.8 as the Connect factor failed to inspire buying. Mainland insurers retreated, with China Life (02628) and Ping An (02318) falling 3% and 2% to HK$21.7 and HK$41.9.

China Taiping (00966) acquired a 9% stake in Emperor Capital (00717). China Taiping dipped 3% to HK$17.42. Emperor Capital weakened by 1.2% to HK$0.81.

Sensex falls on global worries

Indian stock market extended losses for second straight session as investors hit the exit button amid mounting global concerns. Participants are in a wait-and-watch mode ahead of US jobs report as well as Italys constitutional referendum on Sunday, which could determine whether or not the country will remain in the Eurozone. Caution also prevailed ahead of the Reserve Banks policy review next week, leading to fall in banking counters. Sustained foreign capital outflows also affected the market sentiment. Foreign funds sold shares worth a net Rs402.62 crore on Thursday, as per provisional data released by the stock exchanges. All the sectoral indices, led by consumer durables, FMCG and auto, ended with losses up to 2.32% as selling pressure intensified. The BSE Sensex ended down 329.26 points, or 1.24% , lower at 26,230.66, its lowest closing since 28 November. The NSE 50-share Nifty dropped by 106.10 points or 1.30% to close at 8,086.80.

IndusInd Bank lost 2.1%. The bank said it proposes to raise funds by issue and allotment of senior unsecured redeemable non-convertible long term bonds in the nature of debentures (infrastructure bonds) for cash aggregating to Rs 1500 crore on private placement basis. The borrowing shall be within the overall borrowing limits of the bank as may be approved by the shareholders from time to time.

Tata Motors fell 3.5% after the company reported flat sales in November 2016. Tata Motors said its passenger and commercial vehicle total sales in November 2016 were at 38,900 units, almost flat compared with 38,918 vehicles sold in November 2015. The companys domestic sales of Tata commercial and passenger vehicles declined 6% to 33,274 units in November 2016 over November 2015. Exports surged 57% to 5,626 units in November 2016 over November 2015.

Elsewhere in the Asia Pacific region: New Zealands NZX50 was down 0.4% to 6904.85. Indonesias Jakarta Composite index added 0.9% to 5245.96. Taiwans Taiex sank 0.8% to 9189.49. South Koreas KOSPI index was down 0.7% to 1970.61. Malaysias KLCI grew 0.2% to 1628.96. Singapores Straits Times index fell 0.3% to 2919.37.

Powered by Capital Market - Live News

Hong Kong Stocks end sharply lower
Dec 02,2016

The Hong Kong stock market finished session lower on Friday, 02 December 2016, as investors locked in gains ahead of U.S. jobs data later in the session and a weekend Italian referendum on Sunday. The Hang Seng Index ended down 1.37%, or 313.41 points, to 22,564.82 while the Hang Seng China Enterprises index declined 1.12%, or 111.08 points, to 9,781.23. Turnover increased to HK$80.9 billion from HK$74.8 billion on Thursday.

Powered by Capital Market - Live News

China Stocks fall back on profit-taking
Dec 02,2016

Mainland China stock market turned down on Friday, 02 December 2016, pushed down by selling to lock in profits following previous gains and on caution ahead of closely watched events. The Shanghai Composite Index dropped 0.9%, to 3,243.84, while the smaller Shenzhen Component Index closed 1.58% lower at 10,912.63 points. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, lost 1.76% to close at 2,143.45 points.

Powered by Capital Market - Live News