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China Stocks gain to fresh 10-months high
Nov 11,2016

Mainland China stock market closed at fresh 10-months high on Friday, 11 November 2016, on tracking gains in global market, supported by hopes for U.S. policies under U.S. President-elect Donald Trump. All major sectors gained, led by metal producers and construction companies. The benchmark Shanghai Composite Index grew 0.78% to close at 3,196.04 points, taking its advance from its Jan. 28 low to more than 20 percent. The CSI 300 index closed marginal 0.01% down at 3,390.25 points.

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Nikkei extends gain on softer yen
Nov 11,2016

The Japan share market inclined for second straight session on Friday, 11 November 2016, supported by yen depreciation to mid 106-level against greenback and hopes Trump administration will boost spending and spur U.S. economic growth. 18 out of 33 TSE industry categories closed in positive territory, led by Insurance, Banks, Nonferrous Metals, Securities & Commodities Futures, and Iron & Steel stocks, while Information & Communication, Fishery, Agriculture & Forestry, Retail Trade, and Electric Power & Gas were notable losers. The 225-issue Nikkei Stock Average rose 30.37 points, or 0.18%, to 17,374.79, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange jumped 1.93 points, or 0.14%, to end at 1,378.28.

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Australia Stocks incline for second straight day
Nov 11,2016

Australian share market inclined for second successive session on Friday, 11 November 2016, on the back positive lead from Wall Street overnight and jump in commodity prices including iron ore. Most sectors on the ASX closed higher, with financial, materials, and energy sectors registering the biggest gains. At the closing bell, the benchmark S&P/ASX 200 index inclined 41.90 points, or 0.79%, to 5,370.70, while the broader All Ordinaries index increased 37.70 points, or 0.7%, to 5,446.60.

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Wall Street greets President Trump with cheer
Nov 10,2016

U.S. stocks rallied on Wednesday, 09 November 2016 with the Dow Industrials led by a surge in financial, health-care and industrial stocks, as investors bet on the infrastructure spending policy promised by President-elect Donald Trump. The rally on Wall Street was in contrast to sharp losses seen in the futures market before the market opened, as it became apparent that the Republican contender was close to pulling off a major upset in the U.S. presidential contest.

The Dow Jones Industrial Average gained as much as 316 points, briefly surpassing the all-time closing high set in August. The index closed 256.95 points, or 1.4%, higher at 18,589.69. The Nasdaq Composite advanced 57.58 points, or 1.1%, to 5,251.07. The S&P 500 index ended up 23.70 points, or 1.1%, at 2,163.26.

Big gains in health care, financials and industrials more than offset sharp losses in defensive sectors such as utilities and consumer staples. Technology stocks in general were weaker. Pfizer and Caterpillar led the gains, rallying more than 7%.

Dow futures plunged as much as 800 points late Tuesday and early Wednesday as Trump claimed victories in several key battleground states, while S&P 500 futures hit a trading limit, down 5%, the biggest futures decline allowed under CME Group rules.

Trumps acceptance speech early Wednesday mentioning Keynesian-style spending and sounding a touch more conciliatory than had been the case during his campaign appeared to reset investors expectations. He pledged to supporters gathered in New York City that he will n++be president for all Americans.n++ The President-elect also underscored that infrastructure spending will play a large role in his administration.

Equity indices showed marked resilience as the group erased marginal losses by mid-morning. Resilience in the broader market continued to stoke risk appetite as investors worked to price-in expectations of aggressive infrastructure spending and responded to a lower likelihood for price controls in the health care space.

Financials surged thanks to a jump in interest rates to their highest levels since January. Shares of Bank of America Corp surged 5.7%, Wells Fargo & Co. gained 5.4% while J.P. Morgan Chase rallied 4.5%.

Todays economic data was limited to the weekly MBA Mortgage Index and the Wholesale Inventory Report for September. The MBA Mortgage Index indicated that mortgage applications fell 1.2% in the week ending November 5. This followed a 1.2% decline in the prior week. Separately, wholesale inventories increased 0.1% month-over-month in September (consensus +0.2%) following an upwardly revised 0.1% decline (from -0.2%) in August. Wholesale sales were up 0.2% on the heels of an unrevised 0.7% increase in August.

The energy sector gained 1.5% as crude oil snapped a recent losing streak. The energy component rose following a mixed inventory report from the Department of Energy. The EIA reported that crude oil inventories increased by 2.43 million barrels (consensus: +1.33 million) while gasoline stockpiles fell by 2.84 million barrels (consensus: -1.03 million). WTI crude finished higher by 0.6% ($45.20/bbl; +$0.25).

Treasuries finished on a lower note as the long end of the curve underperformed. The yield on the 2-yr note finished higher by three basis points (0.90%) while the yield on the 10-yr note surged 22 basis points (2.08%).

Todays trading volume was above the average of 877 million as more than 1.39 billion shares changed hands at the NYSE floor.

Tomorrows economic data will be limited to the 8:30 ET release of weekly initial claims (consensus 262k) and the 14:00 ET release of the October Treasury Budget.

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Asia Pacific Market: Stocks hammer on Trumps shock win in U.S. election
Nov 09,2016

Asia Pacific share market tumbled in rollercoaster trade on Wednesday, 09 November 2016, as investors fled risky assets as Republican Donald Trump claimed a shock victory in the U.S. presidential election. The MSCI Asia Pacific Index fell 2.7% to 134.19.

Regional stocks were initially on a firm note on growing speculation of a win for Clinton. But stocks gradually lost steam and fluctuated between gains and losses before turning sharply lower as results showing Trump taking key battleground states rolled in.

Trump, who has stoked uncertainty over his stance on foreign policy, trade and immigration, rattled world markets that had expected Democrat Hillary Clinton to defeat the political outsider. Donald Trump won 276 votes and Hillary Clinton won 218 votes. Candidates need at least 270 electoral votes to win. Trump will be the 45th President of the United States. The United States presidential elections of 2016 were held yesterday, 8 November 2016.

Markets from Japan to India fell the most since at least June 24, when Britain shocked investors by opting to leave the European Union, as investors dumped global risk securities and bought safe-haven assets including the yen and gold.

Among Asian bourses

Australia Stocks hammer

Australian share market stumbled to a four-month low, losing ~A$35 billion in value amid a global shock from US election results that have left Donald Trump poised to won the U.S. presidential election. All sectors on the ASX closed deep in the red, with the banks, health and energy sectors suffering the biggest declines. At the closing bell, the benchmark S&P/ASX 200 index tumbled 101.20 points, or 1.92%, to 5,156.60, while the broader All Ordinaries index stumbled 103.90 points, or 1.94%, to 5,238.30. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 981 to 221 and 229 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 14.69% to 21.030 a new 3-month high.

Shares of major banks and the big miners led the falls. The ANZ closed down 2% to A$26.47 and Westpac 1.95% to A$29.66. BHP fell 3.1% to close at A$22.56 and Rio Tinto 1.94% to A$53.73.

Among individual mover, Aristocrat Leisure shares fell 5.9% to A$14.30 following news poker machine maker chief executive, Jamie Odell, is stepping down next year.

Seven West Media dropped 5% to A$0.67 after the company said its full-year earnings will be close to 20% down on the year before - the lower end of its earlier guidance of 15% to 20%.

Shares in Medibank dropped 3.92% to A$2.45 after health insurance giant Medibank Private told shareholders at its annual general meeting that it faces a tough year with revenue growth in the first four months of fiscal 2017 missing its initial expectations.

Nikkei falls 5.36%

The Japan share market finished steep lower in a rollercoaster session, as Republican candidate Donald Trump won the U.S. presidential election, shocking traders after recent polls indicated that Hillary Clinton would be the victor. Every industry category on the main section lost ground, led by transportation equipment, marine transportation and equipment issues. The 225-issue Nikkei stock average ended down 919.84 points, or 5.36%, to 16,251.54, its biggest one-day drop since June 24 when Britain voted to leave the European Union. The broader Topix index of all first section issues on the Tokyo Stock Exchange finished 62.33 points, or 4.57%, lower at 1,301.16.

Tokyo market started the day in the black but quickly reversed course as Trumps stronger than expected showing stung the dollar and pushed up the yen n++ a negative for Japanese shares. The yen is seen as a safe haven in times of uncertainty. But a stronger currency is bad for Japanese exporters profitability and tends to spark selling of their shares. In Tokyo the dollar slumped to 102.10 yen from above 105 yen seen earlier in the day.

Export related stocks stumbled on tracking yen ascent against US dollar. Toyota Motor Corp sagged 6.5%, Nissan Motor Corp. dropped 6%, and Honda Motor Co. tumbled 7.8%. Nikon declined 6.6% after the precision machinery manufacturer on Tuesday cut its group net profit forecast, projecting a net loss for fiscal 2016.

China Stocks slide on US election jitters

Mainland China stock market finished session lower, joining global market slide, as Republican president candidate Donald Trump was surprisingly edging ahead of Democratic candidate Hilary Clinton. But falls in China shares - typically shielded from global market volatility by strict capital controls - were more subdued, with benchmark indexes only down slightly amid data showing a recovery in producer prices. Most sectors lost ground, while material and property stocks gained, lifted by a strong rally in the shares of gold miners amid a rush to safe-haven assets. The benchmark Shanghai Composite Index declined 0.62% to close at 3,128.37 points. The CSI 300 index lost 0.54% to close at 3,353.05 points.

Shares shrank in the morning session taking their cue from the global market disarray as it became increasingly clear that Donald Trump would win the US presidential election. However, Chinas Consumer Price Index and Producer Price Index both rose last month and gave the market the tonic it needed.

The CPI, a main gauge of inflation, gained 2.1% in October from a year earlier, the National Bureau of Statistics said. The PPI, a measurement of inflation at the factory gate and an indicator of future prices at the consumer end, rose 1.2% year on year, and was 0.7% higher from September.

Coal firms led the gainers, with Shaanxi Heimao Coking Co rising 6.54% to 10.43 yuan (US$1.54) and Guizhou Panjiang Refined Coal Co climbing 4.74% to 9.50 yuan.

Chinese developer giant Vanke surged as much as 10% despite overall weakness in the market, after reports that China Evergrande Group and its allies had further boosted their combined stake in Vanke to more than 10%.

Hong Kong Stocks fall to three-month low

The Hong Kong stock market declined to lowest level in three-month, taking their cue from the global market disarray as Donald Trump claimed a sock victory in the US presidential election. The Hang Seng Index declined 2.16% or 494.28 points to 22415.19, while the Hang Seng China Enterprises Index slid 2.91% or 281.19 points to 9378.66. Turnover increased significantly to HK$104.2 billion from HK$53.8 billion on Tuesday.

The market heavyweight stocks were shocked by the US election result. HKEx (00388) sank 1% to HK$202.4. HSBC (00005) and Tencent (00700) slipped 1.9% and 1.6% to HK$58 and HK$202.4. China Mobile (00941) dipped 2.3% to HK$86.8.

Link REIT (00823) edged up 0.1% to HK$54.85, becoming the only rising blue chip. It reported that interim distributable income rose 11% to HK$2.45 billion.

Oil prices went down 3% in trade in Asia, pushing down oil majors. Sinopec (00386) and PetroChina (00857) pounded 4% to HK$5.2 and HK$5.46. CNOOC (00883) fell 3% to HK$9.53.

Gold miners stocks climbed after Gold price rose 5% in Asian hours as risk-aversion sentiment soared. Zijin Minging (02899) surged 5% to HK$2.74. Zhaojin Mining (01818) surged 8% to HK$8.74.

Sensex, Nifty tumble to 4-month low on Governments black money crackdown

Indian stock market tumbled to settle at 4-month low on governments black money crackdown and outcome of US presidential election. The barometer index, the S&P BSE Sensex, fell 338.61 points or 1.23% to settle at 27,252.53. The Nifty 50 index fell 111.55 points or 1.31% to settle at 8,432.

Banks stocks tumbled after the government yesterday, 8 November 2016, announced that it is banning use of Rs 500 and Rs 1,000 notes, in its fight against the corruption, fake currency and black money.

Drug major Lupin gained 1.45% after consolidated net profit jumped 57.75% to Rs 662.19 crore on 27.45% rise in total income to Rs 4317.62 crore in Q2 September 2016 over Q2 September 2015. Commenting on the results, Nilesh Gupta, Managing Director, Lupin said that the company continues to invest ahead of the curve be it research or manufacturing. The Q2 September 2016 profit was impacted on account of higher research spend and forex, he added. Investment in research for the quarter was 13.6% of sales at Rs 571.60 crore.

Sun Pharmaceutical Industries rose 4.86% after the companys US subsidiary Taro Pharmaceutical Industries (Taro Pharma) reported better-than-expected Q2 September 2016 results yesterday, 8 November 2016.

Hindalco Industries fell 2.86% on equity dilution concerns after the company announced that board of directors will consider raising of funds by issue of equity related instruments.

Elsewhere in the Asia Pacific region: New Zealands NZX50 slid 3.3%. Indonesias Jakarta Composite index sank 1% to 5414.32. Taiwans Taiex fell 3% to 8943.20. South Koreas KOSPI index slid 2.3% to 1958.38. Malaysias KLCI was down 1% to 1647.62. Singapores Straits Times index dropped 1.1% to 2789.88.

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Hong Kong Stocks fall to three-month low
Nov 09,2016

The Hong Kong stock market declined to lowest level in three-month on Wednesday, 09 November 2016, taking their cue from the global market disarray as Donald Trump claimed a sock victory in the US presidential election. The Hang Seng Index declined 2.16% or 494.28 points to 22415.19, while the Hang Seng China Enterprises Index slid 2.91% or 281.19 points to 9378.66. Turnover increased significantly to HK$104.2 billion from HK$53.8 billion on Tuesday.

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China Stocks slide on US election jitters
Nov 09,2016

Mainland China stock market finished session lower on Wednesday, 09 November 2016, joining global market slide, as Republican president candidate Donald Trump was surprisingly edging ahead of Democratic candidate Hilary Clinton. But falls in China shares - typically shielded from global market volatility by strict capital controls - were more subdued, with benchmark indexes only down slightly amid data showing a recovery in producer prices. Most sectors lost ground, while material and property stocks gained, lifted by a strong rally in the shares of gold miners amid a rush to safe-haven assets. The benchmark Shanghai Composite Index declined 0.62% to close at 3,128.37 points. The CSI 300 index lost 0.54% to close at 3,353.05 points.

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Nikkei falls 5.36%
Nov 09,2016

The Japan share market finished steep lower in a rollercoaster session on Wednesday, 09 November 2016, as Republican candidate Donald Trump won the U.S. presidential election, shocking traders after recent polls indicated that Hillary Clinton would be the victor. Every industry category on the main section lost ground, led by transportation equipment, marine transportation and equipment issues. The 225-issue Nikkei stock average ended down 919.84 points, or 5.36%, to 16,251.54, its biggest one-day drop since June 24 when Britain voted to leave the European Union. The broader Topix index of all first section issues on the Tokyo Stock Exchange finished 62.33 points, or 4.57%, lower at 1,301.16.

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Australia Stocks hammer
Nov 09,2016

Australian share market stumbled to a four-month low on Wednesday, 09 November 2016, losing ~A$35 billion in value amid a global shock from US election results that have left Donald Trump poised to won the U.S. presidential election. All sectors on the ASX closed deep in the red, with the banks, health and energy sectors suffering the biggest declines. At the closing bell, the benchmark S&P/ASX 200 index tumbled 101.20 points, or 1.92%, to 5,156.60, while the broader All Ordinaries index stumbled 103.90 points, or 1.94%, to 5,238.30. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 981 to 221 and 229 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 14.69% to 21.030 a new 3-month high.

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Australia Market closes flat
Nov 08,2016

Australian share market closed slight higher on Tuesday, 08 November 2016, on tracking gains on the Wall Street overnight. But gains were limited on caution ahead of the outcome of the US presidential vote later in the global day. ASX industry category closed mixed, with materials and resources and energy issues rising, while telecom, financial, and property trusts declined. At the closing bell, the benchmark S&P/ASX 200 index added 7 points, or 0.13%, to 5,257.80, while the broader All Ordinaries index gained 11.30 points, or 0.21%, to 5,342.20.

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Broad rally at Wall Street ahead of Presidential Election
Nov 08,2016

The stock market began the week on a broadly higher note on Monday, 07 November 2016 at Wall Street as diminished political uncertainty boosted risk appetite ahead of tomorrows US presidential race. U.S. stocks on Monday had their best day since March on a percentage basis after the Federal Bureau of Investigation said its review of a new batch of Democratic presidential nominee Hillary Clintons emails wont lead to charges. Gains were broad, with the Dow Jones Industrial Average reclaiming the key 18,000 level and the S&P 500 snapping its nine-day losing streak, the longest since 1980. The slide had been attributed partly to polls showing a closer contest between Clinton and Republican rival Donald Trump.

The Dow Jones Industrial Average soared 371.32 points, or 2.1%, to close at 18,259.60. The Nasdaq Composite Index climbed 119.80 points, or 2.4%, to end at 5,166.17. The S&P 500 index rose 46.34 points, or 2.2%, to finish at 2,131.52.

Financials, industrials, health care and technology paced the advance. The controlled action likely came with the understanding that the presidential race remains fairly tight.

In the financial sector, Goldman Sachs and J.P. Morgan Chase each gained more than 3%.

In the technology sector, Dow components Intel and Microsoft gained 3.2% and 3.0%, respectively. Intel finished at the top of the price-weighted average.

Todays economic data was limited to the Consumer Credit report for September. Total outstanding consumer credit increased by $19.3 billion in September (consensus $17.5 billion) after increasing an upwardly revised $26.8 billion (from $25.9 billion) in August.

The dollar saw big gains, with the ICE Dollar Index which measures the greenback against a half-dozen rivals, up 0.7%.

Gold was down sharply, after gaining 2.2% last week. December gold ended todays session down $24.60 (-1.9%) to $1279.90/oz. December silver closed todays session $0.21 lower (-1.1%) at $18.16/oz.

Oil prices rose more than 1%. Crude oil rallied off of 6-week lows hit on Friday, snapped its 6-session loss streak, saw a boost ahead of tomorrows Presidential election. December crude oil futures rose $0.74 (+1.7%) to $44.82/barrel.

Treasuries finished on a lower note as the long end of the curve underperformed. The yield on the 2-yr note finished higher by three basis points (0.82%) while the yield on the 10-yr note ended up five basis points (1.83%).

Todays trading volume was above the average of 861 million as more than 889 million shares changed hands at the NYSE floor.

Tomorrows economic data will be limited to the Job Openings and Labor Turnover Survey for September, which will be released at 10:00 ET.

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Asia Pacific Market: Stocks hold on to gains as FBI clears Hillary Clinton
Nov 07,2016

Asia Pacific share market advanced on Monday, 07 November 2016, amid positive developments on US election front as the FBI said Hillary Clinton would not face charges over her use of a private email server.

Earlier on Sunday, the Federal Bureau of Investigation confirmed that Hilary Clinton committed no criminal acts in relation to a private email server. The FBI reached a similar conclusion in July but opted to reopen its investigation just last week, roiling the Clinton election campaign with just days to go before the vote.

Investors had been unnerved by signs of a tightening presidential race between Clinton and Trump, whose stance on foreign policy, trade and immigration has rippled through financial markets.

Clinton is seen as a candidate of the status quo and her policies are viewed as more predictable than her Republican rival, a political novice.

However, despite giving boosts to Clintons prospects, investors are unlikely to make big bets given Trumps gains in polls recently may not be entirely due to the FBI probe. Initial results of the Tuesday vote are expected to begin rolling out by Wednesday morning Asia time.

Among Asian Bourses

Australia Market rebounds on bargain hunting

Australian share market advanced for the first time in last five sessions, on the back of bottom fishing in recently battered stocks. Every industry category on the main section except bullion issue gained ground, led by healthcare, energy, financials, information technology, consumer discretionary issues. At the closing bell, the benchmark S&P/ASX 200 index surged 70 points, or 1.35%, to 5,250.80, while the broader All Ordinaries index rebounded 67.80 points, or 1.29%, to 5,330.90.

The financial sector, comprising banks and insurers, surged 1.8%. Among top lenders, Westpac gained 2.7% to A$30.50 after reporting annual financial results broadly in line with expectations, while the nations biggest lender, Commonwealth Bank, jumped 2.2% to A$72.53. National Australia Bank rose 1.5% to $26.27, and ANZ added 0.3% to $27.03. Within the insurance space, Suncorp gained 2.6% to A$11.85 and Insurance Australia Group added 2.9% to A$5.39.

Energy stocks went up on tracking strength in crude oil prices. Oil prices rose, with traders citing opportunistic buying following sharp declines in the previous week on the back of weak fundamentals. Brent crude oil futures were trading at $46.08 per barrel, up 1.1%. U.S. West Texas Intermediate (WTI) crude futures grew 1.3% at $44.63 a barrel. Woodside Petroleum added 1.5% to A$28.32, Origin Energy 3.9% to A$5.37, and Santos 3.9% to A$3.50.

Nikkei rises after FBI says no charges against Clinton

The Japan share market finished the session higher, with risk sentiments boosted up as yens descent against greenback and easing worries over her US presidential bid after news that market-favourite Hillary Clinton would not face criminal charges over her use of a private email server. Total 31 out of 33 TSE sectoral issues declined, with Transportation Equipment, Glass & Ceramics Products, Metal Products, Machinery, Banks, Real Estate, and Marine Transportation issues being major gainers. The benchmark Nikkei 225 index gained 1.61%, or 271.85 points, to finish at 17,177.21 while the broader Topix index was up 1.17%, or 15.76 points, at 1,362.80.

Export related stocks surged on tracking yen depreciation against US dollar Toyota Motor Corp gained 2% to 5,810 yen while rival Nissan Motor Co was up 1.7% to 1,029 yen. Suzuki Motor jumped 7.2% to 3,831 yen after it upgraded its full-year earnings forecast.

Financial stocks also rose, with Mitsubishi UFJ Financial Group jumping 1.9% to 529.4 yen and Sumitomo Mitsui Financial Group up 1.2% to 3,540 yen. Dentsu was up 0.39% at 5,130 yen despite news reports that labour authorities raided its headquarters on suspicion that the Japanese advertising giant made its employees work overtime illegally.

China Stocks end higher

Mainland China stock market finished session slight higher, as risk sentiments aided by Chinese Premier Li Kiqiangs remarks over the weekend that China will maintain steady growth and speed up its economic transformation. Offering further solace was the news that the Federal Bureau Investigation (FBI) said it stood by its earlier recommendation that no criminal charges were warranted against Democrat Hillary Clinton, two days ahead of the US presidential election. Sectors were mixed, with strong rally in coal miners and metal producers offset massive profit-taking in speculative stocks. The benchmark Shanghai Composite Index advanced 0.26% to close at 3,133.33 points. The CSI 300 index of the 300 biggest companies traded in Shanghai and Shenzhen added 0.07% to close at 3,356.59 points.

Coal miners and metal producers rose sharply on signs that government efforts to reduce over-capacity are starting to bear fruit, pushing some commodity prices higher.

Hong Kong Stocks rebound from a three-month low

The Hong Kong stock market rebounded from a three-month low higher on news that the Federal Bureau of Investigation confirmed that Hilary Clinton committed no criminal acts in relation to a private email server. The Hang Seng Index rose 0.7% or 158.78 points to 22801.40, while the Hang Seng China Enterprises Index added 1.23% or 116.73 points to 9608.24. Turnover increased to HK$60.4 billion from HK$51 billion on Friday.

HSBC (00005) gained 3% to HK$59.15 after the global banking groups 3Q adjusted pre-tax earnings came in better than market expectations. Hang Seng Bank (00011) softened 1% to HK$139.9.

Second round of testing for the Shenzhen-HK Connect program just completed over weekend. Credit Suisse expects the southbound inflow may reach RMB150 billion when the program is launched at end-November. HKEx (00388) put on 1% to HK$202.6.

Macau gaming counters were higher. Sands China (01928) added 3% to HK$35.05. Galaxy Entertainment (00027) climbed 2% to HK$32.5.

Property stocks tumbled after the citys government late Friday imposed fresh measuresn++including an increase in transaction taxesn++to cool the citys home property market Centaline Property Agency said in latest reports that Property transactions will fall as much as 70% in the next three months after the government unexpected move. SHKP (00016) sank 10% to HK$104. New World (00017) and CK Property (01113) plunged 9% to HK$8.87 and HK$52.8.

Sensex ends with firm note

Indian benchmark indices settled on a firm note tracking gains in global stock markets triggered by the Federal Bureau of Investigation (FBI) clearing Democratic candidate Hillary Clinton of any wrongdoing over the weekend. The barometer index, the S&P BSE Sensex, gained 184.84 points or 0.68% to settle at 27,458.99. The Nifty 50 index gained 63.30 points or 0.75% to settle at 8,497.05.

Lupin jumped 6.93%. The company announced that it has received notification that the inspection carried out by the USFDA in March 2016 at its Goa facility is now closed and the agency has issued an Establishment Inspection Report (EIR). This closes all outstanding US FDA inspections at Lupins Goa facility, the company said. Commenting on the receipt of the EIR, Vinita Gupta, Chief Executive Officer and Nilesh Gupta, Managing Director, Lupin said that the company is committed to ensuring that all systems and processes followed by it are compliant with cGMP and are committed to bringing quality products to market.

Pfizer gained 0.34% after net profit rose 52.49% to Rs 126.33 crore on 6.35% rise in total income to Rs 581.96 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours on Friday, 4 November 2016.

NMDC rose 0.55% at Rs 127.70. The company said its total production rose 20.60% to 16.80 million tonnes in October 2016 over October 2015. Total sales rose 19.84% to 18.97 million tonnes in October 2016 over October 2015. The announcement was made after market hours on Friday, 4 November 2016.

Engineering and construction major L&T fell 1.26% to Rs 1,401 amid volatility after the Government of India offloaded stake in the company via bulk deal mechanism on the stock exchanges on Friday, 4 November 2016.

Elsewhere in the Asia Pacific region: New Zealands NZX50 added 2.4% to 6872.27. Indonesias Jakarta Composite index rose 0.4% to 5386.21. Taiwans Taiex rose 1.3% to 9189.84. South Koreas KOSPI index added 0.8% to 1997.58. Malaysias KLCI was up 0.1% to 1650.59. Singapores Straits Times index climbed 0.4% to 2800.95.

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Hong Kong Stocks rebound from a three-month low
Nov 07,2016

The Hong Kong stock market rebounded from a three-month low higher on Monday, 07 November 2016, on news that the Federal Bureau of Investigation confirmed that Hilary Clinton committed no criminal acts in relation to a private email server. The Hang Seng Index rose 0.7% or 158.78 points to 22801.40, while the Hang Seng China Enterprises Index added 1.23% or 116.73 points to 9608.24. Turnover increased to HK$60.4 billion from HK$51 billion on Friday.

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China Stocks end higher
Nov 07,2016

Mainland China stock market finished session slight higher on Monday, 07 November 2016, as risk sentiments aided by Chinese Premier Li Kiqiangs remarks over the weekend that China will maintain steady growth and speed up its economic transformation. Offering further solace was the news that the Federal Bureau Investigation (FBI) said it stood by its earlier recommendation that no criminal charges were warranted against Democrat Hillary Clinton, two days ahead of the US presidential election. Sectors were mixed, with strong rally in coal miners and metal producers offset massive profit-taking in speculative stocks. The benchmark Shanghai Composite Index advanced 0.26% to close at 3,133.33 points. The CSI 300 index of the 300 biggest companies traded in Shanghai and Shenzhen added 0.07% to close at 3,356.59 points.

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Nikkei rises after FBI says no charges against Clinton
Nov 07,2016

The Japan share market finished the session higher on Monday, 07 November 2016, with risk sentiments boosted up as yens descent against greenback and easing worries over her US presidential bid after news that market-favourite Hillary Clinton would not face criminal charges over her use of a private email server. Total 31 out of 33 TSE sectoral issues declined, with Transportation Equipment, Glass & Ceramics Products, Metal Products, Machinery, Banks, Real Estate, and Marine Transportation issues being major gainers. The benchmark Nikkei 225 index gained 1.61%, or 271.85 points, to finish at 17,177.21 while the broader Topix index was up 1.17%, or 15.76 points, at 1,362.80.

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