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Hong Kong Stocks end 0.4% higher
Jul 27,2016

The Hong Kong stock market closed firmer in volatile trade on Wednesday, 27 July2016. The benchmark index opened up 63 points to 22,193, and soared as much as 145 points to an intra-day high of 22,277. It then retreated, dragged by the slide of the Shanghai market. The benchmark Hang Seng Index advanced 89 points, or 0.4%, to 22218 points. Turnover decreased to HK$69.7 billion from HK$71.5 billion on Tuesday.

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China Stocks drop 1.9%
Jul 27,2016

Mainland China stock market closed steep lower on Wednesday, 27 July 2016, as investors sold off on worries over regulatory curbs on wealth management products. The CSI300 index of the largest listed companies in Shanghai and Shenzhen lost 1.6%, to 3218.24, while the Shanghai Composite Index declined 1.91%, to 2992 points.

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Japan Market zooms on massive stimulus
Jul 27,2016

The Japan share market closed sharp higher on Wednesday, 27 July 2016, as bargain buying spurred on yens depreciation against the U.S. dollar and Japanese Prime Minister Shinzo Abe plan announcement on Wednesday for more than 28 trillion yen ($265 billion) in economic stimulus in an effort to prop up the nations economy. The plan will include 13 trillion yen in fiscal measures. The majority of industry categories on the main section had inclined into positive territory, with chemical, transport equipment, nonferrous metal, glass & ceramics, and rubber products and metal products stocks comprising notable gainers. The 225-issue Nikkei Stock Average rose 281.78 points, or 1.72%, to 16,664.82. The broader Topix ndex of all First Section issues on the Tokyo Stock Exchange finished 14.73 points, or 1.13%, up at 1,321.67.

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Australia Market holds gain ahead of the key inflation data
Jul 27,2016

Australian share market closed tad higher on Wednesday, 27 July 2016, due to mixed lead from Wall Street overnight and on caution ahead of the release of Australias inflation data later today. At close of trade, the benchmark S&P/ASX 200 index inclined 2.20 points, or 0.04%, to 5539.70. The broader All Ordinaries gained 2.40 points, or 0.04%, to 5615.

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Asia Pacific Market: Stocks close higher
Jul 26,2016

Asia Pacific share market closed mostly higher after recouping early losses on Tuesday, 26 July 2016, on the back bottom fishing in recently sold stocks. However, gains were capped on caution ahead of the US Federal Reserve and Bank of Japan meetings due later this week. The MSCI Asia Pacific Index climbed 0.5 percent to 134.78.

Markets were eyeing the central bank meetings in Japan and the United States this week. The BOJs two-day policy meeting on Friday follows the Federal Reserves decision on interest rates a day earlier. The Nikkei newspaper reported that the government plans to double its net fiscal spending to 6 trillion yen ($57 billion).

The U.S. Federal Reserve Open Committee will kick off its two-day monetary policy meeting on Tuesday. Analysts expect the central bank to hold interest rates unchanged in July and possibly for several months to come.

Among Asian bourses

Australia Market ends marginally higher

Australian share market managed to close edge above the neutral line after recouping initial losses, registering the 12th gain on the ASX 200 in 14 days. On the ASX, the big banks and the major miners all added weight, while energy, retailer and healthcare companies lost ground. At close of trade, the benchmark S&P/ASX 200 index inclined 3.90 points, or 0.07%, to 5537.50. The broader All Ordinaries gained 5.10 points, or 0.09%, to 5612.60.

Financial stocks helped the market claw back early losses, with major banks leading the charge. Westpac Banking Corp advanced 0.5% to A$30.87, ANZ Banking Group 0.9% to A$25.66, National Australia Bank 0.7% to A$26.39, and Commonwealth Bank of Australia 0.6% to A$78.

Miners were mixed n++ iron ore companies were buoyed by a rise in prices for the commodity, while gold miners tumbled. Gold miner St Barbara lost 4.9% to A$2.90, for the biggest losses in the sector, while iron ore miner Fortescue Metals added 1.7% to A$4.12.

Shares of energy companies suffered the biggest losses after oil prices fell to a three-month low with Origin Energy losing 2.7% to A$5.78. Oil Search tumbled 1.1% to A$7.19 and Woodside Petroleum dropped 0.8% to A$27.12.

Japan Market falls 1.43%

The Japan share market declined for third day in row, as a poor showing on Wall Street overnight and pullback in oil prices dented sentiment here, with the yens appreciation against the U.S. dollar also contributing to a dour market mood. The majority of industry categories on the main section had retreated into negative territory, with iron and steel, security and mining-linked stocks comprising notable decliners. The 225-issue Nikkei Stock Average declined 237.25 points, or 1.43%, to 16,383.04. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 18.42 points, or 1.39%, down at 1,306.94.

Exporters dived due to yen appreciation against greenback, with Toyota Motor Corp shedding 1.48% and Honda Motor Co. dropping 1.9%, while factory robot maker Fanuc off 1.78%.

Nintendo lost another 3.53% to 22,400 yen following the previous days 17-percent plunge in response to a warning that Pokemon Gos success would not translate into bumper profits. The firm, which created the Pokemon franchise, had more than doubled in a huge rally following the apps release this month. Markets cheered the games global success as a thumbs up for Nintendos nascent move into the mobile games market. But late Friday the firm warned that, while it held a stake in both the games US developer and Pokemons copyright owner, the benefits to its own bottom line would be limited.

China Stocks shine 1.2%

Mainland China stock market closed sharply higher, with shares of consumer companies, financials and industrials being major gainer amid optimism the economy was stabilizing. The CSI300 index of the largest listed companies in Shanghai and Shenzhen gained 1.2%, to 3269.59, while the Shanghai Composite Index rose 1.14%, to 3050.17 points.

Dairy-product maker Inner Mongolia Yili Industry Group Co. jumped 4.3 percent, while SAIC Motor Corp. rose 6.7 percent, leading gains for a measure of consumer-discretionary companies. Shandong Gold Mining Co. rallied 7.2 percent as bullion prices rose after a two-day decline, and Yanzhou Coal Mining Co. paced energy companies higher with a 2.1 percent gain.

Hong Kong Stocks shine 0.62%

The Hong Kong stock market closed higher after reversing early losses on the back rally of Macau gaming names and the record-hitting of Tencent. However, gains were capped on caution ahead of the US Federal Reserve and Bank of Japan meetings due later this week. The benchmark Hang Seng Index advanced 136.29 points, or 0.62%, to 22129.73 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, grew 27.49 points, or 0.3%, to 9062.25. Turnover increased significantly to HK$71.6 billion from HK$49.4 billion on Monday.

Luye Pharma Group jumped 8.2 percent after the Chinese drugmaker agreed to buy Switzerland-based Acino Holding AG for 245 million euros.

Macau gaming counters rose across the board. Sands China (01928) shot up 6% to HK$30.05 after it reported adjusted property EBITDA of US$487.7 million, down 13.6% year-on-year. Galaxy Entertainment (00027) surged 6.5% to HK$26.25, becoming the top blue-chip gainer.

Oil major suffered after oil prices fell 2%. CNOOC (00883) slipped 2.6% to HK$9.68. PetroChina (00857) fell 1.3% to HK$5.28.

Indian market snaps 2-day winning streak

Disappointing first quarter results from passenger car major Maruti Suzuki India (MSIL) and weak results from Dr Reddys Laboratories (DRL) pulled the market lower towards the fag end of the trading session. The barometer index, the S&P BSE Sensex, fell 118.82 points or 0.42% to settle at 27,976.52. The Nifty 50 index fell 45 points or 0.52% to settle at 8,590.65.

DRL declined after the company announced weak Q1 results. Weak results from DRL hit other pharma stocks. MSIL edged lower after announcing disappointing Q1 June 2016 results. Most other auto stocks declined after MSILs disappointing Q1 results.

Elsewhere in the Asia Pacific region: New Zealands NZX50 shed 0.1% to 7310.39. South Koreas KOSPI index added 0.8% to 2027.34. Taiwans Taiex index grew 0.4% to 9024.79. Malaysias KLCI was down 0.0.4% to 1661.42. Indonesias Jakarta Composite index added 0.1% to 5224.40. Singapores Straits Times index rose 0.12% to 2933.44.

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Hong Kong Stocks shine 0.62%
Jul 26,2016

The Hong Kong stock market closed higher after reversing early losses on Tuesday, 26 July2016, on the back rally of Macau gaming names and the record-hitting of Tencent. However, gains were capped on caution ahead of the US Federal Reserve and Bank of Japan meetings due later this week. The benchmark Hang Seng Index advanced 136.29 points, or 0.62%, to 22129.73 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, grew 27.49 points, or 0.3%, to 9062.25. Turnover increased significantly to HK$71.6 billion from HK$49.4 billion on Monday.

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China Stocks shine 1.2%
Jul 26,2016

Mainland China stock market closed sharply higher on Tuesday, 26 July 2016, with shares of consumer companies, financials and industrials being major gainer amid optimism the economy was stabilizing. The CSI300 index of the largest listed companies in Shanghai and Shenzhen gained 1.2%, to 3269.59, while the Shanghai Composite Index rose 1.14%, to 3050.17 points.

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Japan Market falls 1.43%
Jul 26,2016

The Japan share market declined for third day in row on Tuesday, 26 July 2016, as a poor showing on Wall Street overnight and pullback in oil prices dented sentiment here, with the yens appreciation against the U.S. dollar also contributing to a dour market mood. The majority of industry categories on the main section had retreated into negative territory, with iron and steel, security and mining-linked stocks comprising notable decliners. The 225-issue Nikkei Stock Average declined 237.25 points, or 1.43%, to 16,383.04. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 18.42 points, or 1.39%, down at 1,306.94.

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Australia Market ends marginally higher
Jul 26,2016

Australian share market managed to close edge above the neutral line after recouping initial losses on Tuesday, 26 July 2016, registering the 12th gain on the ASX 200 in 14 days. On the ASX, the big banks and the major miners all added weight, while energy, retailer and healthcare companies lost ground. At close of trade, the benchmark S&P/ASX 200 index inclined 3.90 points, or 0.07%, to 5537.50. The broader All Ordinaries gained 5.10 points, or 0.09%, to 5612.60.

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Mixed finish for US stocks
Jul 20,2016

US stocks ended the Tuesday affair on a mixed note on 19 July 2016, responding to a lukewarm batch of earnings reports and a negative bias in global bourses. Todays trade also featured a downturn in oil futures and strengthening in the dollar. The Dow Jones Industrial Average extended its winning streak to eight sessions and finished at a record high close for a sixth straight day on Tuesday even as the broader market retreated on disappointing quarterly results from Netflix.

The Dow Industrials gained 25.96 points, or 0.1%, to close at 18,559.01. The S&P 500 edged down 3.11 points, or 0.1%, to end at 2,163.78. The Nasdaq Composite shed 19.41 points, or 0.4%, to finish at 5,036.37.

Equity indices began the day on a lower note as global markets tilted to the downside. European indices led the losses as disappointing earnings results and a below-consensus reading of Germanys July ZEW Economic Sentiment Survey (-6.8; consensus: 9.0) weighed. Additionally, the International Monetary Fund added to the negative tone when it cut the United Kingdoms 2016 projected growth rate to 1.7% (from 1.9%). The organization also trimmed its global growth estimate for the year to 3.4% (from 3.5%).

Todays economic data was limited to Housing Starts and Building Permits for June. Housing starts jumped 4.8% to a seasonally adjusted annual rate of 1.189 million units (consensus 1.165 million) in June on the heels of a downwardly revised 1.135 million (from 1.164 million) in May. Building permits increased to a seasonally adjusted annual rate of 1.153 million (consensus 1.150 million) while the prior month saw a small downward revision to 1.136 million from 1.138 million. By and large, then, the starts and permits data for June were largely as expected when factoring for the downward revisions to May.

In Europe, stocks were mostly lower. The German ZEW economic sentiment survey fell to its lowest since 2012 on Brexit fears, according to Dow Jones Newswires. The Stoxx Europe 600 index was down around 0.4%.

McDonalds and Johnson & Johnson offset declines in Microsoft and Goldman Sachs Group shares. Johnson & Johnson advanced 1.7% after profit and sales beat a raised outlook.

Shares of Netflix sank 13%, their worst percentage drop in a single day since October 2014, after growth for the streaming service fell short of expectations.

IBM slipped 0.2% after the tech giant reported better-than-expected quarterly earnings and revenue. Shares of Yahoo gained 0.6% despite the internet companys adjusted earnings falling short of Wall Street expectations.

Crude oil futures fell on Tuesday, 19 July 2016 with the U.S. benchmark settling at a 10-week low. Traders fretted over ample inventories of crude and petroleum products and the potential for a slowdown in energy demand on the back of a lower global economic outlook from the International Monetary Fund.

August West Texas Intermediate crude fell 59 cents, or 1.3%, to settle at $44.65 a barrel on the New York Mercantile Exchange, after losing 1.6% a day earlier. The August WTI contract expires at Wednesdays settlement, which often fuels trading volatility. September Brent crude on Londons ICE Futures exchange fell 30 cents, or 0.6%, to end at $46.66 a barrel.

Oil futures fell Monday after it was confirmed the attempted coup in Turkey over the weekend didnt impede the flow of oil and natural gas. Any supply disruptions in the currently well-supplied market would have been taken as welcome relief to the current glut.

Precious metal prices ended in a mixed mode on Tuesday, 19 July 2016. While gold prices ended higher, silver prices slipped. Gold futures tiptoed higher in subdued action notching their best settlement in almost a week as some a pull back in U.S. stocks helped to support haven demand. Gold has generally maintained its uptrend, but has been tracking stocks recently. Equities were trading mostly lower Tuesday by the time gold prices settled. Prices ended in a mixed fashion amidst lower global economic outlook from the International Monetary Fund and stronger dollar.

Gold staged a modest afternoon rally, consolidating near its afternoon highs despite notable strength in the dollar index. August gold rose $3, or 0.2%, to settle $1,332.30 an ouncen++the highest settlement since last Wednesday. September silver fell 6.8 cents, or 0.3%, to $20.01 an ounce.

The Treasury complex settled near its session high as the yield on the 10-yr note slipped three basis points to 1.56%.

Todays trading volume was below the recent average as fewer than 736 million shares changed hands on the NYSE floor.

Tomorrows economic data will be limited to the 7:00 ET release of the weekly MBA Mortgage Index.

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Japanese market closed for Marine Day on Monday
Jul 18,2016

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US indices strike record highs
Jul 15,2016

U.S. stocks extended their run on Thursday, 14 July 2016 as the Dow industrials and the S&P 500 notched new closing highs. Stronger-than-expected results from large financial institutions, including J.P. Morgan Chase, as well as upbeat economic data, powered the climb, which has added to a record run by stocks.

The Dow industrials advanced 134.29 points, or 0.7%, to close at 18,506.41, after touching an intraday high of 18,537.57. The blue-chip gauge has registered its third straight record close. The Nasdaq Composite Index advanced 28.33 points, or 0.6%, to finish at 5,034.06, for its highest close of 2016. For the year, the index is up 0.5%. The S&P 500 rose 11.32 points, or 0.5%, to close at 2,163.75, with the financial, materials, and tech sectors leading the gains. The benchmark index reached an intraday high of 2,168.99. The index closed at an all-time high for a fourth-straight day.

The major averages jumped at the start of the session, trading higher alongside an extended rally in global markets. The Bank of England helped support the latest round of buying interest when committee members indicated that the central bank was likely to provide further policy stimulus next month. The Bank of England was widely expected to lower its benchmark lending rate at todays meeting, but opted to examine incoming data to determine the specific size and nature of future stimulus. Separately, Dow component JPMorgan added to the bullish tone when it reported top- and bottom-line beats ahead of the open.

Higher oil prices, after a sharp drop on Wednesday, boosted shares of energy companies. Meanwhile, investors shrugged off the Bank of Englands decision to leave monetary policy unchanged.

The U.K. central bank left key rates unchanged at 0.5%, but said most members see looser policy coming at the August meeting. Some had expected the central bank would ease on the heels of the U.K.s Brexit referendum in late June, which sparked a rout in financial markets as well as fear of a recession in the U.K. and the eurozone. European stocks pared gains and the pound rose after the decision.

Earnings season continued at full speed on Thursday. Shares of J.P. Morgan Chase & Co. JPM, closed up 1.5% as it kicked off earnings for the biggest banks in the U.S. with stronger-than-expected quarterly results. Shares of other large banks also rose. Bank of America Corp rose 1.6%, while Goldman Sachs Group rallied 2.9%. Morgan Stanley gained 3.1% while Citigroup advanced 2.6%.

BlackRock shares declined 0.7% after profit and sales fell as expected. Delta Air Lines shares rose 3.6% after the airline posted a profit beat, even as revenue fell short of estimates.

Among economic reports expected for the day, weekly jobless claims were unchanged, suggesting no significant rise in layoffs, while the producer prices index jumped last month, also pointing to a healthier level of inflation and growth. Separately, Atlanta Fed President Dennis Lockhart said in a speech he wasnt worried about an outbreak of inflation from the current stance of policy.

The U.S. Dollar Index ended modestly lower as the buck lost ground against commodity currencies and the pound. The dollar/Canadian dollar pair finished lower by 0.6% (1.2898) as crude oil rebounded 1.8% ($45.66/bbl; +0.79). Meanwhile, Sterling gained 1.5% against the dollar as participants reacted to the Bank of Englands surprise decision to maintain its monetary policy stance.

Bullion prices ended lower on Thursday, 14 July 2016 at Comex. Gold futures finished with a loss on Thursday, their fifth in six sessions, as global equities mostly climbed after the Bank of England surprised investors by opting not to cut benchmark interest rates. Many had expected a rate cut in the wake of the U.K.s decision to exit the European Union. U.S. stocks climbed and European equities ended mostly higher following the BOE decision, dulling investment interest in gold.

August gold fell $11.40, or 0.9%, to settle at $1,332.20 an ounce. Prices gained 0.6% on Wednesday after a four-session decline. September silver eased by 9.1 cents, or 0.5%, to $20.322 an ounce. Silver futures settled near a two-year high on Wednesday.

Crude oil futures settled higher on Thursday, 14 July 2015 at Nymex to recoup nearly half of what they lost a day earlier, as traders held out hope that the recent price declines will help keep crude production at bay. The dollar-denominated commodity also got an added boost after the Bank of Englands surprise decision to leave its key interest rate at a record low lifted the British pound putting some pressure on the U.S. dollar.

August West Texas Intermediate crude rose 93 cents, or 2.1%, to settle at $45.68 a barrel on the New York Mercantile Exchange. Week to date, it has gained about 0.6% but was down nearly 6% for the month so far. September Brent crude on Londons ICE Futures exchange rose $1.11, or 2.4%, to end at $47.37 a barrel.

Treasuries were pressured at the beginning of the session as investors weighed a hotter-than-expected reading of June PPI. The yield on the 10-yr note rose five basis points to 1.53%.

Todays trading volume was below the recent average as fewer than 815 million shares changed hands on the NYSE floor.

Tomorrows economic data will include Empire Manufacturing for July (consensus 5.0), Retail Sales for June (onsensus +0.2%), and CPI for June (consensus +0.3%) each crossing the wires at 8:30 ET. Separately, Capacity Utilization (consensus 75.0%) and Industrial Production (consensus 0.2%) will be released at 9:15 ET. Finally, the days data will be capped off with the 10:00 ET release of Business Inventories for May (consensus 0.2%) and the preliminary reading of the University of Michigan Sentiment Index for July (consensus 93.0).

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Asia Pacific Market: Stocks mixed ahead of BoE policy decision
Jul 14,2016

Asia Pacific share market closed mixed on Thursday, 14 July 2016, as investors await monetary policy decision by the Bank of England later today. Investors largely remained sidelined ahead of a closely-watched policy decision by the BOE in the wake of the Brexit vote that has increased chances of an economic slowdown in the U.K. and the eurozone.

European Central Bank is expected to keep policy on hold at its meeting next week, meanwhile Japanese Prime Minister Shinzo Abe has called for a fiscal stimulus, expected to reach about 2% of GDP, following his recent election victory.

The Bank of England kept interest rates unchanged today, 14 July 2016, wrong-footing many investors who had expected the first cut in more than seven years as Britains economy reels from last months Brexit vote. The Bank said it was likely to deliver stimulus in three weeks time, possibly as a package of measures once it has assessed how the 23 June referendum decision by UK to leave the European Union has affected the economy. In the absence of a further worsening in the trade-off between supporting growth and returning inflation to target on a sustainable basis, most members of the Committee expect monetary policy to be loosened in August. UKs FTSE 100 reversed gains after BOEs decision. The BOEs policy decision was announced after the close of Indian stock markets. In the UK, Theresa May became the countrys prime minister after former leader David Cameron tendered his resignation to the Queen. Earlier, most Asian markets rose ahead of Bank of Englands interest rate decision.

Trading in US stock index futures indicated gains for US stocks at the opening bell. Trading in US index futures indicated that the Dow Jones Industrial Average could rise 139 points at the opening bell. The S&P 500 and Dow Jones Industrial Average scored meager gains yesterday, 13 July 2016 but enough to extend their run into record territory and advance for a fourth session in a row. However, the tech-heavy Nasdaq Composite index took a breather following a five-session climb to end lower. Stocks got a slight bump from the US Feds beige book report released yesterday, 13 July 2016 which indicated that the US economy is holding steady although consumption may be softening. The beige book is an anecdotal survey of economic conditions in the US compiled by the Feds regional banks.

Among Asian bourses

Australia Market extends gain to sixth day

Australian share market closed higher sixth consecutive session as investor appetite for bank stocks were more than offset weakness in resources and energy stocks. At close of trade, the benchmark S&P/ASX 200 index advanced 23.10 points, or 0.43%, to 5411.60. The broader All Ordinaries climbed up 21.50 points, or 0.39%, to 5491.80.

Shares of materials and resources closed mostly down, dragged down by falls in commodities prices. BHP Billiton declined 1.2% to A$20.34, while main rival Rio Tinto was down 1.1% to A$50.20. Iron ore miner Fortescue Metals Group dropped 4.1% to A$4.22.

Banks and financial stocks added strength. Commonwealth Bank of Australia added 1% to A$75.61, Westpac Banking Corp 1% to A$29.80, ANZ Banking Group 1% to A$24.75, and National Australia Bank 1.3% to A$25.67.

Treasury Wine Estate was up 3.8% to A$9.57 after JPMorgan analysts gave the company a positive review of sales into China.

Japan Market extends gain as weak yen lifts risk appetite

The Japan share market closed stronger for fourth straight session, on the back of yen softness against greenback and growing hopes for more monetary stimulus from Japanese authorities. Sentiments also boosted up after a key adviser to Prime Minister Shinzo Abe said Ben S. Bernanke had floated the idea of perpetual bonds to stimulate Japans economy. But, the rising momentum has abated somewhat, as the markets focus shifted to the Bank of Englands policy decision later in the day. Total 29 out of 33 TSE sectors advanced, with Textiles & Apparels, Rubber Products, Nonferrous Metals, Construction, and Oil & Coal Products issues being major gainer. The 225-issue Nikkei Stock Average inclined 154.46 points, or 0.95%, to 16,385.89. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 10.90 points, or 0.84%, higher at 1,311.16.

Shares of Nintendo Co. rose 16% amid the Pokemon Go craze and hopes for improvement in its mobile game division, despite a lack of clarity over how much the popularity of the smartphone game will lift Nintendos earnings going forward. DeNA Co. added 2.6% after Credit Suisse Group AG raised its rating on the game maker.

China Stocks drop after disappointing trade data

Mainland China stock market closed down, halting a three-day advance, as investors sold metals, mining and materials shares following weak trade data. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.18%, to 3273.18, while the Shanghai Composite Index fell 0.22%, to 3054.02 points.

Shares of materials and resources declined after trade data signaled sluggish consumer demand in the worlds second-largest economy. Jiangxi Copper and and China Molybdenum Co. fell 2.3%. Sinopec Oilfield Service Corp. sank 2.8% after saying Tuesday that expects a wider net loss for the first half. Shaanxi Coal Industry Co. dropped 2.3%.

Hong Kong Stocks climbs 1.12%

The Hong Kong stock market closed up in quite yet volatile trade. The benchmark index opened down 24 points at 21,297, and moved within narrow band in the morning session. In afternoon trade, when the European markets opened higher, HK stocks saw its gains widen and recovered the so-called bear-bull line (now at 21,415). The benchmark Hang Seng Index advanced 238.69 points, or 1.12%, to 212561.06 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, grew 101.04 points, or 1.13%, to 9010.10. Turnover decreased to HK$62.3 billion from HK$69 billion on Wednesday.

Sino Land (00083) gained 2% to HK$13.26 after it won bid for a plot of land at HK$1.62 billion. It became the best performing blue chip today.

Kunlun Energy (00135) plan to issue convertible bond for US$496 million to fund its acquisition of Kunlun Gas. The stock pounded 5% to HK$5.86, becoming the worst blue chip loser.

Lenovo (00992) ascended 2% to HK$4.72 on news that its Chariman Yuanqing Yang added 20 million shares in the company on Thursday and Friday.

Sensex gains for fourth straight session

Key benchmark indices logged decent gains in what was a volatile session of trade as upbeat European stocks boosted sentiment on the domestic bourses. The barometer index, the S&P BSE Sensex rose 126.93 points or 0.46% to settle at 27,942.11. The Nifty 50 index gained 45.50 points or 0.53% to settle at 8,565.

Shares of IT major Tata Consultancy Services (TCS) gained 1.16%. The companys consolidated net profit as per International Financial Reporting Standards (IFRS) fell 0.4% to Rs 6317 crore on 3% rise in revenue to Rs 29305 crore in Q1 June 2016 over Q4 March 2016. Operating income fell 0.9% to Rs 7347 crore in Q1 June 2016 over Q4 March 2016. The result was announced after market hours today, 14 July 2016. TCS declared an interim dividend of Rs 6.50 per share for the year ending 31 March 2017 (FY 2017).

Maruti Suzuki India rose 1.44% as the Japanese yen weakened against the dollar. A weak yen lifts Marutis operating profit margin. Maruti pays royalty to its Japanese parent Suzuki Motor Corporation in yen terms for some of its earlier models. Maruti has reportedly started paying royalty to its Japanese parent in rupee terms on all new models from 1 April 2016. Maruti also has an exposure to the yen to the extent it imports raw materials from Japan.

Elsewhere in the Asia Pacific region: New Zealands NZX50 added 0.2% to 7080.33. South Koreas KOSPI index gained 0.2% to 2008.77. Taiwans Taiex index climbed 0.1% to 8866.36. Malaysias KLCI fell 0.3% to 1654.78. Indonesias Jakarta Composite index lost 1% to 5083.54. Singapores Straits Times index dropped 0.1% to 2906.92.

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Hong Kong Stocks climbs 1.12%
Jul 14,2016

The Hong Kong stock market closed up in quite yet volatile trade on Thursday, 14 July 2016. The benchmark index opened down 24 points at 21,297, and moved within narrow band in the morning session. In afternoon trade, when the European markets opened higher, HK stocks saw its gains widen and recovered the so-called bear-bull line (now at 21,415). The benchmark Hang Seng Index advanced 238.69 points, or 1.12%, to 212561.06 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, grew 101.04 points, or 1.13%, to 9010.10. Turnover decreased to HK$62.3 billion from HK$69 billion on Wednesday. The benchmark has risen for four consecutive days, with total gains of 997 points.

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China Stocks drop after disappointing trade data
Jul 14,2016

Mainland China stock market closed down on Thursday, 14 July 2016, halting a three-day advance, as investors sold metals, mining and materials shares following weak trade data. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.18%, to 3273.18, while the Shanghai Composite Index fell 0.22%, to 3054.02 points.

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