My Application Form Status

Check the status of your application form with Angel Broking.
  • Companies
  • Everything else
Search
China Market closes flat
May 12,2016

Mainland China stock market finished the session marginally down on Thursday, 12 May 2016, on caution ahead of the release of fresh economic indicators out of China this week. But, losses were minimal, thanks to Beijings $724 billion transport investment plan which bolstered infrastructure shares and eased worries about a shift in economic policies. The benchmark Shanghai Composite Index declined 1.18 points, or 0.04%, to 2835.86. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, added 7.33 points, or 0.24%, to 3090.14.

Powered by Capital Market - Live News

Hong Kong Market falls 0.7%
May 12,2016

The Hong Kong stock market finished down in volatile trade on Thursday, 12 May 2016, on tracking weak lead from Wall Street overnight and concerns about the worlds second largest economy. The benchmark Hang Seng Index declined 139.83 points, or 0.7%, to 19915.46 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, sank 29.95 points, or 0.35%, to 8413.72. Turnover reduced to HK$53.9 billion from HK$59.3 billion on Wednesday.

Powered by Capital Market - Live News

Asia Pacific Market: Stocks down on weak offshore lead
May 12,2016

Asia Pacific share market closed mostly down on Thursday, 12 May 2016, on tracking soft lead from Wall Street overnight after oil began to pull back after climbing to a new 2016 high. Pessimism on trading floors followed weak earnings in the US and Japan.

Among Asian bourses

Australia Market ends softer

Australian share market ended softer on tracking a sell-off on Wall Street overnight, with the major financials, property trusts and realty stocks being major losers on concerns about earnings prospects, whilst small lift in commodity prices helped to buoy up miners and energy stocks. At close of trade, the benchmark S&P/ASX 200 index declined 13 points, or 0.24%, to 5359.30. The broader All Ordinaries fell 11.40 points, or 0.21%, to 5423.40. Rising stocks outnumbered declining ones on the Australia Stock Exchange by 555 to 508 and 305 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 1.57% to 17.948.

The banks and financial stocks declined, with Westpac Banking Corp up 0.6% to A$31.30, National Australia Bank up 1.7% to A$28.92, Commonwealth Bank up 2.9% to A$78, and ANZ Banking Group up 1.3% to A$24.70.

Metal mining stocks advanced on the back of gains in commodity prices. Spot iron ore firmed 0.5 per cent to $US55.57 a tonne yesterday and Dalian iron ore futures were down one per cent today. Brent crude oil jumped 3.5 per cent following a bigger draw-down in US oil inventories thank forecast. BHP Billiton rose 0.2% to A$18.59 while Rio Tinto fell 0.2% to A$45.90. Fortescue Metals added 0.7% to A$2.93. Woodside Petroleum added 2.4% to A$27.09, Origin Energy 5.5% to A$5.36, and Santos 5.4% to A$4.28.

Department store operator Myer jumped 7.1% to A$1.205 after it reconfirmed its full-year guidance and reported a 2.1 per cent rise in third-quarter sales to A$675.5 million.

Gaming machine supplier Aristocrat Leisure rose 10.4% to A$11.58 after upgrading its profit guidance.

New Zealand stocks fall

Equities on the New Zealand share market joined a slide in equity markets that started on Wall Street and continued into Asia. Westpac Banking Corp, Air New Zealand and Xero dropping while Sky Network Television gained. Markets across Asia mostly traded lower this afternoon, following Wall Streets negative lead dragged down by disappointing results from retailers Disney and Macys. By the provisional closing, the S&P/NZX50 Index dropped 21.17 points, or 0.3 percent, to 6,923.17. Within the index, 22 stocks rose, 19 fell and nine were unchanged. Turnover was $185.6 million.

Westpac Banking Corp fell 4.8 percent or $1.64 to $32.36. It gave up rights to a 94 cent dividend today.

Air New Zealand dropped 4.2 percent to $1.82. The national carrier has fallen 19.8 percent this year, having reached highs in January when oil was at record lows but has dropped back since then on concern it faces increased competition on key routes.

A2 Milk Co shed 4.2 percent to $2.28, while Meridian Energy declined 2.9 percent to $2.66.

Xero fell 1.7 percent to $15.42. The cloud-based accounting software firm said it has sufficient cash reserves to reach breakeven without having to raise more capital, after posting a 67 percent jump in full-year operating revenue and a wider net loss. Its net loss was $82.5 million in the 12 months ended March 31, from a loss of $69.5 million a year earlier.

Nuplex Industries rose 0.8 percent to $5.33. The company, whose independent directors are backing a $1.05 billion takeover offer from Allnex Belguim SA which values Nuplex at $5.55 a share, raised its 2016 earnings guidance, reflecting a stronger performance in the EMEA (Europe, the Middle East and Africa) and the Americas in March and April.

Nikkei rises on BOJ stimulus speculations

The Japan share market advanced for fourth straight session on the back of yen depreciation against the greenback after speculation began circulating that the central bank could further ease monetary policy as soon as next month. Total 23 out of 33 TSE sectors advanced, with gains were led by textiles and apparels, and iron and steel as well as mining issues. The 225-issue Nikkei Stock Average ended up 67.33 points, or 0.41%, to 16646.34. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 2.97 points, or 0.22%, higher at 1337.27.

The weaker yen boosted up export-oriented names. A weaker yen is usually a positive for exporters as it improves their overseas profit numbers when converted to local currency. Among exporters, Soy sauce maker Kikkoman Corp, which gets 47% of revenue from North America, added 0.4% to 3695 yen. Subaru automaker Fuji Heavy Industries, which relies on North America for 60% of sales, advanced 3.7% to 3881 yen. Sony Corp rose 4.4% to 2850 yen and Mazda Motor Corp grew 1.4% to 1777 yen. Alps Electric Co. jumped 1.3% to 1918 yen and TDK Corp 1.9% to 6020 yen. China-linked Factory robotics firm Fanuc Corp was up 0.4% to 16275 yen. Market heavyweight Fast Retailing, operator of the Uniqlo chain, was up 0.9% at 29020 yen.

Shares of Nissan Motor were down 1.4% to 988.10 yen as investors weighed its proposal to buy 34% of Mitsubishi Motors for 237.4 billion yen. The deal would make Nissan the largest shareholder of Mitsubishi Motors. The Mitsubishi Motors shares grew 16.2% to 575 yen.

China Market closes flat

Mainland China stock market finished the session marginally down on caution ahead of the release of fresh economic indicators out of China this week. But, losses were minimal, thanks to Beijings $724 billion transport investment plan which bolstered infrastructure shares and eased worries about a shift in economic policies. The benchmark Shanghai Composite Index declined 1.18 points, or 0.04%, to 2835.86. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, added 7.33 points, or 0.24%, to 3090.14.

The confidence of investors had been hurt by a Peoples Daily article on Monday that hinted Beijing will no longer use rapid credit expansion and loose monetary policies to stimulate growth. The Peoples Daily, the communist partys mouthpiece, ran a front page article this week saying that n++Chinas economy is unlikely to achieve a V-shape rebound, but instead an L-shape growth.n++ But they drew solace from a massive investment plan announced late on Wednesday. China will invest around 4.7 trillion yuan ($724 billion) in transport infrastructure projects over the next three years, the countrys transport ministry said.

Investors were concerned about increased regulatory scrutiny of the initial-public-offering process. The China Securities Regulatory Commission said it would change delisting rules to better protect investors, according to the official Xinhua News Agency.

Shares of industrial companies declined, with Spring Airlines Co. down 3.9% and Shanghai Waigaoqiao Free Trade Zone Group Co. down 3.4%.

Shares of utility companies advanced, with Sichuan Chuantou Energy rallying 4% and Shanghai Electric Power Co. climbing 3.8%.

Hong Kong Market falls 0.7%

The Hong Kong stock market finished down in volatile trade on tracking weak lead from Wall Street overnight and concerns about the worlds second largest economy. The benchmark Hang Seng Index declined 139.83 points, or 0.7%, to 19915.46 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, sank 29.95 points, or 0.35%, to 8413.72. Turnover reduced to HK$53.9 billion from HK$59.3 billion on Wednesday.

Shares of online game developer Boyaa Interactive International Ltd slumped to a record low after the company said its chairman is being investigated by judicial authorities in China.

Shares of Macau gambling stocks fell with MGM China leading the slide after the government of Macau said it would tighten regulations for junket operators.

Power Assets (00006) ended down 3% to K$74.9 after the company announced it decided not to declare special interim dividend.

Sensex, Nifty attain highest closing level in more than two weeks

The passage of the Insolvency and Bankruptcy Code, 2016 in Rajya Sabha and gains in European stocks triggered upmove on the domestic bourses. The barometer index, the S&P BSE Sensex, gained 193.20 points or 0.75% to settle at 25,790.22. The Nifty rose 51.55 points or 0.66% to settle at 7,900.40. The Sensex and the Nifty, both hit their highest closing level in more than two weeks.

Stocks of public sector banks edged higher after the Rajya Sabha passed the Insolvency and Bankruptcy Code, 2016 yesterday, 11 May 2016. Shares of oil exploration and production (E&P) firms edged higher after sharp surge in crude oil prices. Pharma major Dr Reddys Laboratories (DRL) rose after announcing Q4 March 2016 results. Hindalco Industries extended previous trading sessions gains triggered by its US subsidiary Novelis Inc reporting strong Q4 results. Asian Paints extended previous trading sessions gains triggered by the company declaring good Q4 results.

Powered by Capital Market - Live News

Asia Pacific Market: Stocks mostly up; Nikkei leads
May 10,2016

Asia Pacific share market advanced after recouping early losses on Tuesday, 10 May 2016, with Tokyo bourses leading the regional market rally after official warning of government intervention against a sharp rise in the yen.

The Japanese currency weakened against the greenback after Japanese Finance Minister Taro Aso statement on Monday that the government is ready to intervene in the currency market if the yen continues to rise or falls rapidly against other currencies. The minister reiterated those views again on Tuesday, saying it would be n++naturaln++ for the government to intervene if the yen were to gain abruptly against the U.S. dollar. A strong local currency puts pressure on the earnings of exporters because it can make their goods more expensive overseas.

Oil prices advanced in the afternoon during Asian hours on Tuesday, after tumbling nearly 4 percent on Monday in the U.S. session. Global benchmark Brent retraced losses to trade up 0.85 percent at $44 a barrel, while U.S. crude futures were up 0.39 percent at $43.61.

Among Asian bourses

Australia Market rises as investors turn on realty, financials

Australian share market ended higher after recouping initial losses, as gains in property trusts, financial, realty and telecom services sectors were more than offset by losses elsewhere. At close of trade, the benchmark S&P/ASX 200 advanced 22.10 points, or 0.42%, to 5342.80. The broader All Ordinaries grew 16.10 points, or 0.3%, to 5403.90. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 595 to 454 and 346 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 3.16% to 18.306.

The banks and financial stocks extended gains, with Westpac Banking Corp up 0.6% to A$31.30, National Australia Bank up 1.7% to A$28.92, Commonwealth Bank up 2.9% to A$78, and ANZ Banking Group up 1.3% to A$24.70.

Metal mining stocks extended losses for second straight session, hurt by weaker nickel and iron ore prices after Sundays trade data print in China pointed to weak demand in the worlds second-biggest economy. BHP Billiton declined 0.6% to A$17.83 and Rio Tinto was down 1.3% to A$45.40. Fortescue Metals fell 0.2% to A$2.85. Sims Metal Management fell 10.11% to A$8.450. Bluescope Steel declined 7.7% to A$5.850.

Incitec Pivot rose 9.79% to A$3.140 at the close. The fertiliser and explosives maker posted a 79 per cent fall in first-half profit.

Nikkei extends gain as yen weakens

The Japan share market advanced for second straight session on Tuesday, 10 May 2016, as investors continued hunting for recently battered stocks, thanks to yen depreciation against the greenback. The Japanese currency weakened against the greenback after Japanese Finance Minister Taro Aso statement on Monday that the government is ready to intervene in the currency market if the yen continues to rise or falls rapidly against other currencies. The minister reiterated those views again on Tuesday, saying that the yens rise was one-sided, further unwinding the currencys strength. Total 31 out of 33 TSE sectors advanced, led by financial stocks, insurance, and glass and ceramic product issues. The 225-issue Nikkei Stock Average ended up 349.16 points, or 2.15%, from Monday at 16,565.19. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 28.24 points, or 2.16%, higher at 1,334.90. On the First Section, advancing issues outnumbered declining ones 1,663 to 240, while 48 ended the day unchanged.

The weaker yen boosted up export-oriented names. A weaker yen is usually a positive for exporters as it improves their overseas profit numbers when converted to local currency. Among exporters, Mazda Motor rose 62.50 yen, or 3.7%, to 1,750.50 yen and Sony gained 78.00 yen, or 3.0%, to 2,681.50 yen.

Hoya gained 114 yen, or 2.9%, to 4,041 yen after the manufacturer of information technology-related glass products reported on Monday a record group net profit for fiscal 2015, citing strong overseas demand in its eyewear lens sector.

Asics climbed 229 yen, or 10.7%, to 2,362 yen after the sporting goods manufacturer reported on Monday a year-on-year increase in its consolidated net profit for the three months through March on brisk sales of running shoes overseas.

Gas equipment maker Rinnai increased 260 yen, or 2.7%, to 9,930 yen after it reported on Tuesday a year-on-year growth in its group net profit for the year ended March helped by strong water heater sales both in Japan and overseas.

China Market closes flat

Mainland China stock market finished the session virtually flat, after fluctuating in and out between boundary line, as data showed consumer inflation unchanged for the third consecutive month but while producer deflation showed further signs of moderating. Total 5 out of10 SSE sectors advanced, with shares of consumer staples and industrial issues being major gainers, while IT issue being major losers. The benchmark Shanghai Composite Index added 0.48 point, or 0.02%, to 2832.59. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, added 3.49 points, or 0.11%, to 3069.11.

The latest data on Chinas inflation refueled the debate over whether the central bank now has the room to turn more cautious about future monetary policy easing. Consumer prices rose slightly less than expected in April, while producer deflation showed further signs of moderating thanks to a bounce in commodity prices that is now rapidly fizzling.

Shares of consumer companies advanced, with automakers paced gains after data from the China Passenger Car Association showed nations passenger-vehicle sales rose for the eighth time in nine months. Guangzhou Automobile Group Co. climbed 4.2%, while Chongqing Changan Automobile Co. advanced 1.9%.

Shares of shipping companies rallied, with China Cosco Holdings Co. jumping 7.4% and China Shipping Container Lines Co. soaring by the 10% daily limit. In December, China reshaped its shipping industry by announcing a plan to reorganize the two major groups with combined revenue of more than $40 billion.

Hong Kong Market rises 0.43%

The Hong Kong stock market finished higher in volatile trade. The benchmark index opened down 194 points at 19,962, which marked the intra-day low. It then gradually recovered its losses as Chinas April PPI contraction eased. . The benchmark Hang Seng Index gained 85.87 points, or 0.43%, to 20242.68 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, grew 35.44 points, or 0.42%, to 8486.16. Turnover increased to HK$59.8 billion from HK$54.6 billion on Monday.

Cheung Kong group companies led the rally in the city bourses. Power Assets (00006) may consider whether to declare a special dividend on Thursday. It gained 1.4% to HK$77.55. CKH Holdings (00001) added 1.4% to HK$93.85 even though market talks of EU may reject its proposed acquisition of O2 this week. CKI Holdings (01038) rose 1.3% to HK$75.45. But CK Property (01113) fell 1% to HK$48.1.

Public utilities counters also outperformed. CLP (00002) advanced 1.2% to HK$73.7. HK and China Gas (00003) edged up 0.6% to HK$14.62.

Lenovo (00992) plunged 8.3% to HK$5.23. HSBC Research chopped its target price for the PC maker, while JP Morgan also lowered its 2017 and 2018 earnings forecasts.

Cathay Pacific (00293) jumped 1.5% to HK$12.28 on talks that the local carrier intends to acquire a 25.9% stake in Virgin Australia. HKEx (00388) inched up 0.6% to HK$185.8 ahead of earnings report tomorrow.

Sensex gains for the second straight day

Gains in global stocks aided small upmove for key benchmark indices. The barometer index, the S&P BSE Sensex, rose 83.67 points or 0.33% to settle at 25,772.53. The Nifty gained 21.75 points or 0.28% to settle at 7,887.80.

Shares of FMCG giant Hindustan Unilever (HUL) edged higher after the companys Chief Financial Officer P.B. Balaji was quoted as saying after the announcement of the companys Q4 March 2016 results yesterday, 9 May 2016, that he expects a sequential improvement in the companys sales volume growth in Q1 June 2016. Hindalco Industries fell on worries that increase in Chinese output could further weigh on global aluminium prices. JSW Steel edged lower on reports that the company is among seven bidders shortlisted for Tata Steels UK assets. Shares of microfinance firm Ujjivan Financial Services made a modest debut on the bourses.

Elsewhere in the Asia Pacific region: New Zealands NZX50 was up 0.4% to 6909.40. South Koreas KOSPI index added 0.8% to 1982.50. Taiwans Taiex index rose 0.3% to 8156.29. Malaysias KLCI grew 0.2% to 1635.84. Indonesias Jakarta Composite index gained 0.3% to 4763.12. Singapores Straits Times index fell 0.9% to 2741.15.

Powered by Capital Market - Live News

Australia Market rises as investors turn on realty, financials
May 10,2016

Australian share market ended higher after recouping initial losses on Tuesday, 10 May 2016, as gains in property trusts, financial, realty and telecom services sectors were more than offset by losses elsewhere. At close of trade, the benchmark S&P/ASX 200 advanced 22.10 points, or 0.42%, to 5342.80. The broader All Ordinaries grew 16.10 points, or 0.3%, to 5403.90. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 595 to 454 and 346 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 3.16% to 18.306.

Powered by Capital Market - Live News

Nikkei extends gain as yen weakens
May 10,2016

The Japan share market advanced for second straight session on Tuesday, 10 May 2016, as investors continued hunting for recently battered stocks, thanks to yen depreciation against the greenback. The Japanese currency weakened against the greenback after Japanese Finance Minister Taro Aso statement on Monday that the government is ready to intervene in the currency market if the yen continues to rise or falls rapidly against other currencies. The minister reiterated those views again on Tuesday, saying that the yens rise was one-sided, further unwinding the currencys strength. Total 31 out of 33 TSE sectors advanced, led by financial stocks, insurance, and glass and ceramic product issues. The 225-issue Nikkei Stock Average ended up 349.16 points, or 2.15%, from Monday at 16,565.19. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 28.24 points, or 2.16%, higher at 1,334.90. On the First Section, advancing issues outnumbered declining ones 1,663 to 240, while 48 ended the day unchanged.

Powered by Capital Market - Live News

Hong Kong Market rises 0.43%
May 10,2016

The Hong Kong stock market finished higher in volatile trade on Tuesday, 10 May 2016. The benchmark index opened down 194 points at 19,962, which marked the intra-day low. It then gradually recovered its losses as Chinas April PPI contraction eased. . The benchmark Hang Seng Index gained 85.87 points, or 0.43%, to 20242.68 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, grew 35.44 points, or 0.42%, to 8486.16. Turnover increased to HK$59.8 billion from HK$54.6 billion on Monday.

Powered by Capital Market - Live News

Australia Market closes in green
May 09,2016

Australian share market closed higher after volatile trade on Monday, 09 May 2016, on the back of strength in 9 out of 10 ASX sectors, with consumer staples, energy, healthcare, and property trusts issues being major gainers. At close of trade, the benchmark S&P/ASX 200 advanced 28.70 points, or 0.54%, to 532070. The broader All Ordinaries grew 29.20 points, or 0.54%, to 5387.80.

Powered by Capital Market - Live News

Japan Market rises for the first time in seven sessions
May 09,2016

The Japan share market ended higher for the first time in seven sessions on Monday, 09 May 2016, on the back of yen depreciation against the greenback and positive lead from Wall Street on Friday. Total 22 out of 33 TSE industry sectors were with, with gainers were led by retail, real estate as well as fishery, agriculture and forestry issues. The 225-issue Nikkei average advanced 109.31 points, or 0.68%, to close at 16216.03. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 8.34 points, or 0.64%, higher at 1,306.66. On the First Section, advancing issues outnumbered declining ones 1,283 to 567, while 101 ended the day unchanged.

Powered by Capital Market - Live News

Asia Pacific Market: Stocks weaker after soft U.S. jobs, China trade data
May 09,2016

Asia Pacific share market ended mostly down on Monday, 09 May 2016, after a disappointing U.S. jobs report and worse-than-expected trade numbers out of China raised questions about the underlying strength of the worlds biggest economies.

The weaker-than-expected U.S. jobs report fanned expectations that the Federal Reserve would have to hike interest rates at a very slow pace. U.S. non-farm payrolls increased by 160,000 in April, the smallest gain since September, and below the 200,000 economists had expected. It prompted some financial institutions to lower their expectations of an interest rate hike for this year to just one from two before the report.

Investor sentiment toward Chinese economy has turned more bearish after a weak Chinese trade figures that reinforced concerns over the state of the worlds second largest economy. Chinas exports rose sharply slower while imports fell by a wider margin in April month on month amid a still weak recovery momentum. Exports in yuan-denominated terms rose 4.1% year on year last month to 1.13 trillion yuan, slower than the 18.7% jump in March, data from the General Administration of Customs showed yesterday. Imports fell 5.7% year on year to 827.5 billion yuan, falling for the 18th straight month and the drop widened from the 1.7% decrease in March. But Chinas trade surplus grew to 298 billion yuan in April, up from 194.6 billion yuan in March.

Sentiments were also hit by spike in crude oil prices on supply woes stemming from devastating wildfires in Canada. U.S. crude was up 1.9% at $45.51 a barrel and Brent crude rose 1.4% to $46.02 a barrel as a wildfire raged through Canadas oil sands region, shutting half of the countrys vast oil sands capacity. The oil market was also pondering weekend news of Saudi Arabias appointment of a new energy minister to take over from veteran oil minister Ali al-Naimi. The new appointee, Khalid al-Falih, is a believer in reform in the oil market.

Among Asian bourses

Australia Market closes in green/B>

Australian share market closed higher after volatile trade on the back of strength in 9 out of 10 ASX sectors, with consumer staples, energy, healthcare, and property trusts issues being major gainers. At close of trade, the benchmark S&P/ASX 200 advanced 28.70 points, or 0.54%, to 532070. The broader All Ordinaries grew 29.20 points, or 0.54%, to 5387.80.

The banks and financial stocks closed stronger, with Westpac Banking Corp up 1% to A$31.11, National Australia Bank up 0.9% to A$28.45, and Commonwealth Bank up 1.9% to A$75.78, but ANZ Banking Group declined 3% to A$24.38.

Energy stocks were up after oil prices picked up 0.8% before the session. But the sector pared some gains from the open after rating agency Fitch warned of worsening credit metrics as Australias LNG output continued to increase. Santos was 1.7% higher at A$4.18, while Woodside gained 1.4% to A$27.34 and Origin Energy rose 2.4% to A$5.20.

Metal mining stocks were down due to weaker than expected Chinas exports and imports data for the month of April. The figures showed Chinese exports were down 1.8% from a year ago, below expectations of flat growth, while imports were 10.9% worse off year-on-year, against expectations of a negative 4% figure. BHP Billiton declined 0.3% to A$18.41 and Rio Tinto was down 2.1% to A$46.74.Fortescue Metals fell 2.3% to A$3.04. Orica fell 12.3% to A$13.53, the days worst performing stock, after the explosives maker posted a 33% plunge in net profit, citing the deterioration in the global mining industry.

Japan Market rises for the first time in seven sessions

The Japan share market ended higher for the first time in seven sessions, on the back of yen depreciation against the greenback and positive lead from Wall Street on Friday. Total 22 out of 33 TSE industry sectors were with, with gainers were led by retail, real estate as well as fishery, agriculture and forestry issues. The 225-issue Nikkei average advanced 109.31 points, or 0.68%, to close at 16216.03. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 8.34 points, or 0.64%, higher at 1,306.66. On the First Section, advancing issues outnumbered declining ones 1,283 to 567, while 101 ended the day unchanged.

IHI rose 3.8% to 245 yen on reports that the major comprehensive heavy machinery manufacturer is set to book roughly 60 billion yen ($557 million) in group operating profit for fiscal 2016 ending next March.

Yoshinoya Holdings increased 0.9% to 1,386 yen after the gyudon (rice and seasoned beef bowl) restaurant chain reported on Friday that sales rose in April from a year earlier on a same-store basis, helped by the popularity of its pork bowl, which was re-introduced last month.

Fast Retailing gained 2.1% to 28,610 yen after the operator of Uniqlo casual wear stores also reported that sales rose in April from a year earlier on a same-store basis helped by brisk campaign sales.

Marine constructor Toa shed 22.1% to 169 yen after the company said on press conference on Friday that it submitted falsified data to the transport ministry on its seismic reinforcement runway work at Tokyos Haneda airport.

China Market tumbles on disappointing trade data

Mainland China stock market finished the session steep lower, as risk aversion selloff triggered after weak Chinese trade figures reinforced concerns over the state of the worlds number 2 economy. Risk sentiments also dampened by the Communist Partys mouthpiece report that the nations economy is headed for an n++L-shapedn++ recovery, stoking worries among investors that growth in the worlds second-largest economy will moderate further. All10 SSE sectors declined, with shares of materials and resources and financial issues being major losers. The benchmark Shanghai Composite Index tumbled 81.14 points, or 2.79%, to 2832.11. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, sank 64.73 points, or 2.07%, to 3065.62.

Shares of major resource producers were struggled on weak base metal prices. Baoshan Steel fell 4.62%, Baotou Steel fell 5.69% and Aluminium Corp of China was down 4.41%. Jiangxi Copper Co. fell 3.8%, while Aluminum Corp. of China Ltd. retreated 4.4%.

Coal companies led declines for energy shares, with Shanxi Xishan Coal & Electricity Power Co. and Yanzhou Coal Mining Co. tumbling 10%.

Citic Guoan Wine and Citic Guoan Information Industry, which have been considered as targets for backdoor listing, plunged 10% and 9.7%, respectively. Both shares had plunged on Friday too, by the 10% daily limit allowed by authorities.

Hong Kong Market rises 0.23%

The Hong Kong stock market finished in positive zone, registering first gain in six consecutive sessions, on following gains in the US markets on last Friday. But, market gains were limited after China reported its exports and imports fell more than expected in April, refueling concerns about the health of the worlds second-largest economy. The benchmark Hang Seng Index gained 46.94 points, or 0.23%, to 20156.81 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, sank 20.98 points, or 0.25%, to 8450.72. Turnover reduced to HK$54.6 billion from HK$67.7 billion on Friday.

China Iron and Steel Association announced that crude steel daily output for the last 10 days in April rose 1.86% to 1.72 million tonnes. Worries of falling steel prices pressured steel counters. Angang Steel (00347) plunged 7% to HK$3.17. Maanshan Iron (00323) fell 3% to HK$1.58. Chongqing Iron (01053) slipped 3.4% to HK$1.15.

Li & Fung (00494) said its long term customer Aeropostale has filed for bankruptcy protection. UBS Research expects the impact is immaterial. Li & Fung dipped 1% to HK$4.41.

Wharf (00004) was the top blue-chip winner today, rising 3% to HK$41.8. JP Morgan estimated the companys shopping malls may gradually improve their performance.

Indian Market jumps on optimism over progress of key legislation in parliament

Optimism over the progress of key legislation in parliament and gains in European stocks triggered rally on the domestic bourses. The barometer index, the S&P BSE Sensex, rose 460.36 points or 1.82% to settle at 25,688.86. The Nifty gained 132.60 points or 1.71% to settle at 7,866.05. The Sensex, and the Nifty, both, hit their highest closing level in almost two weeks.

The latest rally on the domestic bourses was triggered by optimism over the progress of key legislation in parliament after the the Lok Sabha, last week, passed a key economic bill viz. the Insolvency and Bankruptcy Code, 2015. Once the bill becomes a law, it will help creditors recover bad debt faster. The bankruptcy bill aims to provide single unified law for timely resolution of insolvency and bankruptcy related cases in India. The Lok Sabha passed the Insolvency and Bankruptcy Code, 2015 on 5 May 2016. The bill will now go to the Rajya Sabha for its passage.

The focus now shifts to another key economic bill pending for its passage in Rajya Sabha viz. the Goods and Services Tax (GST) bill. The constitutional amendment bill for the implementation of GST, which subsumes all indirect taxes to create a unified market across the country, has been cleared by the Lok Sabha and is awaiting legislative passage in the Rajya Sabha. For the bill to become a law, the GST bill also needs to be approved by half the state assemblies.

Elsewhere in the Asia Pacific region: New Zealands NZX50 was down 0.2% to 6885.05. South Koreas KOSPI index fell 0.45% to 1967.81. Taiwans Taiex index slid 0.2% to 8131.83. Malaysias KLCI de-grew 1% to 1632.19. Indonesias Jakarta Composite index declined 1.5% to 4749.31. Singapores Straits Times index rose 1.3% to 2766.06.

Powered by Capital Market - Live News

China Market tumbles on disappointing trade data
May 09,2016

Mainland China stock market finished the session steep lower on Monday, 09 May 2016, as risk aversion selloff triggered after weak Chinese trade figures reinforced concerns over the state of the worlds number 2 economy. Risk sentiments also dampened by the Communist Partys mouthpiece report that the nations economy is headed for an n++L-shapedn++ recovery, stoking worries among investors that growth in the worlds second-largest economy will moderate further. All10 SSE sectors declined, with shares of materials and resources and financial issues being major losers. The benchmark Shanghai Composite Index tumbled 81.14 points, or 2.79%, to 2832.11. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, sank 64.73 points, or 2.07%, to 3065.62.

Powered by Capital Market - Live News

Hong Kong Market rises 0.23%
May 09,2016

The Hong Kong stock market finished in positive zone on Monday, 09 May 2016, registering first gain in six consecutive sessions, on following gains in the US markets on last Friday. But, market gains were limited after China reported its exports and imports fell more than expected in April, refueling concerns about the health of the worlds second-largest economy. The benchmark Hang Seng Index gained 46.94 points, or 0.23%, to 20156.81 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, sank 20.98 points, or 0.25%, to 8450.72. Turnover reduced to HK$54.6 billion from HK$67.7 billion on Friday.

Powered by Capital Market - Live News

Asia Pacific Market: Stocks down ahead of crucial US jobs data
May 06,2016

Asia Pacific share market declined on Friday, 06 May 2016, amid lingering concerns about the health of the global economy in the wake of weak data from China and caution ahead of crucial US jobs data.

Investors turned cautious before the release of the influential US monthly non-farm payroll data later today for more clues about the interest rate outlook in the worlds largest economy.

The US government will release the non-farm payroll data for April 2016 later in the global day today, 6 May 2016. The non-farm payroll data could provide more clues about the timing and quantum of future interest rate increases from the US Federal Reserve. The job data has implications for the US monetary policy. The US central banks mandate centers on maximizing employment and keeping inflation at a 2% target level. The Federal Open Market Committee (FOMC) next undertakes monetary policy review at a two-day meeting on 14-15 June 2016.

Among Asian bourses

Australia Market closes in green

Australian share market ended higher after recouping early losses, with sentiment fuelled by the prospect more rate cuts after the RBA downgraded its inflation forecasts. Most of the ASX sectors advanced with gains were led by bullion, IT, consumer staples, materials, and energy stocks. At close of trade, the benchmark S&P/ASX 200 rose 12.90 points, or 0.24%, to 5292. The broader All Ordinaries grew 14.10 points, or 0.26%, to 5358.60.

RBA has cut inflation forecasts. Underlying inflation is now seen at 1.5% by the end of the current quarter, down from 2% in February, and inflation will stay below 2% for all of next year, indicating that the bank does not expect a near-term rebound in inflationary pressures. The RBAs new forecast that underlying inflation will stay below its 2 to 3% target range until mid-2018 warrants another interest rate cut to 1.5%.

Metal mining stocks were mostly higher, with gold miner Newcrest Mining up 3.8% to A$19.79, while BHP Billiton grew 0.2% to A$18.46 on bargain hunting following heavy losses in past two sessions. Rio Tinto was down 0.7% to A$47.75.

The banks and financial ended mixed, with Westpac Banking Corp up 1% to A$30.80 and National Australia Bank up 1.3% to A$28.19, while Commonwealth Bank declined 0.7% to A$74.3 and ANZ Banking Group shed 0.8% to A$25.14.

Macquarie shares closed 0.3% down at $65.10. Macquarie bank posted a 29% rise in full year net profit to $2.063 billion, smashing the banks previous record of $1.8 billion in 2008.

Japan Stocks slip after 3-days holiday

The Japan share market ended lower, extending selloff streak for sixth straight session, after resuming trade after a three-day holiday, as traders played catch-up with losses on global equity markets during a long public holiday. But losses were limited amid a wait-and-see mood ahead of a U.S. jobs report due out later in the day. Total 23 out of 33 TSE industry sectors were down, with Mining, Iron & Steel, Marine Transportation, Securities & Commodities Futures, Nonferrous Metals, and Oil & Coal Products stocks being major losers. The 225-issue Nikkei average declined 40.66 points, or 0.25%, to close at 16106.72. The Topix index of all first-section issues ended down 1.64 points, or 0.13%, at 1298.32.

Sharp Corp. plunged 8.5% after reports the struggling display-maker will post a net loss of 300 billion yen for the year through March. Takata Corp. tumbled 8.6% after the U.S. widened recalls of the companys faulty airbags.

By contrast, domestic demand-oriented names drew brisk purchases. Among them were railway operator JR East, daily goods maker Kao, mobile carrier KDDI and drug manufacturer Takeda. Other major winners included automakers Toyota, Honda and Mitsubishi Motors. Japan Airlines Co. climbed 2% in response to a drop in oil prices during Japans holidays.

China Market tumbles on bond default woes

Mainland China stock market tumbled, as risk aversion selloff triggered on worries about looming corporate bond defaults and regulatory concerns. All10 SSE sectors declined, with IT, telecom, energy, material, and consumer staple issues being major losers. The benchmark Shanghai Composite Index tumbled 84.59 points, or 2.82%, to 2913.25. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, sank 83.77 points, or 2.6%, to 3130.35.

Investors are mostly concerned about contagion risk emanating from a series of bond defaults, after Inner Mongolia Nailun Group Inc., a fertilizer producer, said on Thursday that it defaulted on its bonds because it was unable to meet interest and early redemption payments.

Traders were also focused on rumors that Chinas securities regulator could suspend the process of Chinese firms that want to de-list their shares in the U.S. and re-list them in either Shanghai or Shenzhen.

All industry groups fell on the CSI 300 index, with Tsingtao Brewery Co. slumping to pace declines in a measure of consumer-staple stocks.

Shares of metal and resources were also lower. Shaanxi Coal lost 6.4 percent, while Wuhan Iron & Steel Co. slid 4.6 percent. PetroChina Co. declined 2%.

FIH Mobile slumped 21 percent, after the company said it expects six-month profit to sink as much as 92 percent.

Hong Kong Market falls 1.66%

The Hong Kong stock market finished lower, reflecting the fifth consecutive day of losses, on tracking steep losses in Mainland A-share market which tumbled on concerns about looming bond defaults. The benchmark Hang Seng Index dropped 339.95 points, or 1.66%, to 20109.87 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, lost 155.03 points, or 1.8%, to 8471.70 points. Turnover increased to HK$67.7 billion from HK$56.6 billion on Thursday.

Wynn Macau (01128) dipped 3% to HK$10.62 even though its 1Q earnings decreased 27%. Investors were also worried about the phone betting ban imposed by Macau government. Galaxy Ent (00027) was the worst blue-chip loser. It ended down 4% to HK$24.45. Sands China (01928) fell 2% to HK$26.95.

ZTE (00763) dived 11% to HK$10.44, and Lenovo (00992) dropped 2% to HK$5.64. News reports say that ZTE, Lenovo and Samsung will be investigated by the US authorities over alleged patent infringement.

Only four blue chips rose today. Tencent (00700) added 0.5% to HK$153.9 on hopes of better quarterly results following Alibabas strong earnings. CLP (00002) reports its earnings next Monday. It closed up 0.1% to HK$72.25.

Sensex registers tiny losses

Amid a divergent trend for various index constituents, the Nifty 50 index ended near the flat line. The barometer index, the S&P BSE Sensex, registered small losses. The Sensex lost 33.71 points or 0.13% to settle at 25,228.50. The Nifty fell 2.05 points or 0.03% to settle at 7,733.45.

Stocks of public sector banks edged higher after the Lok Sabha passed the Insolvency and Bankruptcy Code, 2016 yesterday, 5 May 2016. Shares of public sector oil marketing companies (PSU OMCs) edged higher on decline in crude oil prices. Index heavyweight and cigarette major ITC trimmed losses triggered by the companys announcement of temporary closure of manufacturing of cigarettes at all its cigarette manufacturing units. Bharti Airtel rose after its subsidiary Bharti Airtel International (Netherlands) BV announced an agreement for the divestment of approximately 950 telecom towers in the Democratic Republic of Congo (DRC) to and Helios Towers Africa (HTA).

Eicher Motors rose in the wake of the companys announcement of strong financial performance for the quarter ended 31 March 2016 and management commentary of positive outlook for the motorcycle business. Hero MotoCorp dropped in volatile trade as its fourth quarter results came in line with market expectations. Bharat Heavy Electricals (Bhel) rose after the company announced that it has added another coal-based power plant to the grid by successfully commissioning a 500 megawatts (MW) thermal unit in Jharkhand.

Elsewhere in the Asia Pacific region: New Zealands NZX50 was up 0.3% to 6876.48. South Koreas KOSPI index fell 0.5% to 1976.71. Taiwans Taiex index slid 0.3% to 8146.43. Malaysias KLCI grew 0.3% to 1649.36. Indonesias Jakarta Composite index added 0.2% to 4822.60. Singapores Straits Times index shed 1.3% to 273.80.

Powered by Capital Market - Live News

Hong Kong Market falls 1.66%
May 06,2016

The Hong Kong stock market finished lower on Friday, 06 May 2016, reflecting the fifth consecutive day of losses, on tracking steep losses in Mainland A-share market which tumbled on concerns about looming bond defaults. The benchmark Hang Seng Index dropped 339.95 points, or 1.66%, to 20109.87 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, lost 155.03 points, or 1.8%, to 8471.70 points. Turnover increased to HK$67.7 billion from HK$56.6 billion on Thursday.

Powered by Capital Market - Live News

China Market tumbles on bond default woes
May 06,2016

Mainland China stock market tumbled on Friday, 06 May 2016, as risk aversion selloff triggered on worries about looming corporate bond defaults and regulatory concerns. All10 SSE sectors declined, with IT, telecom, energy, material, and consumer staple issues being major losers. The benchmark Shanghai Composite Index tumbled 84.59 points, or 2.82%, to 2913.25. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, sank 83.77 points, or 2.6%, to 3130.35.

Powered by Capital Market - Live News