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Hong Kong Stocks slip on profit taking
Dec 22,2016

The Hong Kong stock market closed lower on Thursday, 22 December 2016, as investors elected profit taking before the Christmas and New Year holiday season. Meanwhile, weakness in mainland bourses also weighed down sentiments. Nearly all sectors retreated, with financial stocks among the biggest decliner. Hong Kongs benchmark Hang Seng Index closed 0.8% lower at 21,636.20. The Hang Seng China Enterprises Index, known as the H-shares index, fell 1.41% to 9,200.24. Turnover increased to HK$50.2 billion from HK$47.6 billion on Wednesday.

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Nikkei falls on profit taking
Dec 22,2016

The Japan share market declined on Thursday, 22 December 2016, as profit taking continued on tracking the fall of US stocks overnight as well as lower oil prices. The 225-issue Nikkei average shed 16.82 points, or 0.09%, to end at 19,427.67. The broader Topix index of all first-section issues fell 0.07%, or 1.12 points, to 1,543.82. For the week, Nikkei average was up 0.13% while the Topix index fell 0.44%. Financial markets are closed on Friday or a national holiday.

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China Stocks mixed
Dec 22,2016

Mainland China stocks were little changed on Thursday, 22 December 2016, as strength in shares of state-owned enterprises (SOE) was offset by persisting tight liquidity in the wake of a bond scandal. The Shanghai Composite Index rose 0.07% to 3,139.56, reversing an earlier decline of 0.34%. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, fell 0.13% to 1,993.37. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, dropped 0.27% to close at 1,986.27 points.

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Australia Market extends gain for fourth day
Dec 22,2016

Australian share market finished session at a new high for 2016 on Thursday, 22 December 2016, as the banks continue to find buyers, offsetting losses in healthcare stocks, with local investors shrugging off a fall in Wall St futures. The S&P/ASX 200 index entered its fourth straight day of gains, up 0.38%, or 21.12 points, at 5,634.47. Rising stocks outnumbered declining ones on the Australia Stock Exchange by 566 to 426 and 315 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 3.01% to 10.217 a new 52-week low.

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Asia Pacific Market: Shares higher as Wall St continues to inspire
Dec 21,2016

Asia Pacific share market mostly higher on Wednesday, 21 December 2016, pushed up by tracking stellar gains on Wall Street overnight fuelled by hopes of stronger economic growth during Donald Trumps presidency. The MSCI Asia Pacific Index was little changed at 135.34

Overnight, Wall Street extended a recent rally on the back of optimism about president-elect Donald Trumps policies. The Dow Jones industrial average rose 0.46%, and is nearing 20,000, a level it has never breached. The S&P 500 ended up 0.36% and the Nasdaq was up 0.49%.The rally was fuelled by financials.

The dollar jumped to a 14-year high late on Tuesday U.S time after Federal Reserve Chair Janet Yellens positive comments on the labor market, a key economic indicator for the Fed in its decision to tighten monetary policy.

In energy news, U.S. crude stockpiles fell by 4.1 million barrels last week, as refineries boosted output, according to American Petroleum Institute data. Crude futures were up for the fourth straight session with U.S. crude oil futures up 0.56% at $53.60 a barrel on Wednesday Asian time, while Brent climbed 0.47% to $55.61.

Among Asian bourses

Australia Market hits 16-month high

Australian share market finished session at highest in over 16 months, albeit in thin trade, pushed up by a mix of materials and financial stocks as investor sentiment was boosted by Wall Streets record run overnight. The S&P/ASX 200 index rose 0.4%, or 22.43 points, to 5,613.5, its highest closing level since Aug. 5, 2015.

Financial stocks followed suit to close at their highest in over 16 months, in step with the gains of their US counterparts. All four major banks were higher, with ANZ shares up 0.7% and National Australia Bank up 0.4%. Meanwhile REA Group, which announced the A$190 million sale of its European businesses on Tuesday, rose by 1.7%.

Energy shares were also slightly firmer after oil prices rose overnight, despite the rally being cut with Libya announcing it would reopen its pipelines after a recent blockade by protesters. Oil Search Ltd gained about 1% and Whitehaven Coal was up 3%. Caltex Australia rose 1.79%, Woodside was up 0.16% and Origin lifted by 0.16%.

Meanwhile higher copper and iron ore prices boosted the miners with BHP Billiton gaining over 1%, while Rio Tinto Ltd added 1.5%. Fortescue Metals share were also 0.8% higher.

Nikkei falls on profit taking

The Japan share market closed down, weighed down by profit booking in the afternoon following an earlier rally that came after following stellar gains on Wall Street overnight. Total 28 out of 33 TSE industry category on the main section declined, with Precision Instruments, Electric Power & Gas, Iron & Steel, Construction, and Pharmaceutical issues being notable losers. The 225-issue Nikkei average shed 50.04 points, or 0.26%, to end at 19,444.49. The Topix index of all first-section issues closed down 7.42 points, or 0.48%, at 1,544.94. Falling issues outnumbered rising ones 1,417 to 471 in the TSEs first section, while 113 issues were unchanged. Volume rose to 2.102 billion shares from Tuesdays 1.929 billion shares.

Machinery makers Komatsu and Hitachi Construction Machinery were upbeat after Caterpillar advanced in U.S. trading overnight on hopes for President-elect Donald Trumps stimulus policies. PanaHome attracted purchases after parent electronics maker Panasonic announced a plan Tuesday to take full control of the home builder. In contrast, NEC lost ground after a foreign securities firm revised down its investment rating on the electronics maker. Power firms, including TEPCO Holdings, Chubu Electric and J-Power, fell due to profit-taking.

China Stocks rebound on easing liquidity concerns

Mainland China stock market closed higher, as investors chased for bottom fishing after benchmark hits a six-week low previous day. Meanwhile, buying pressured underpinned as fears of a liquidity squeeze in the banking system subsided after risks from a bond scandal appeared contained, and on a pledge to deepen reforms in state-owned sectors. Most sectors gained, led by infrastructure and transport plays, while properties and banks steadied. The Shanghai Composite Index rose 1.11% to 3,137.43, while the Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.74% to 1,996.03. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, added 0.47% to close at 1,991.70 points.

Chinas bond market rebounded on Wednesday, reversing declines in the previous two trading sessions. Investors relaxed after Sealand Securities, a brokerage embroiled in a scandal, said on Wednesday it would take responsibility for forged bond agreements. Sealands commitment eased concerns of a liquidity squeeze, triggering a sharp rebound in bond prices. The benchmark 10-year treasury futures for March delivery rebounded 1.57%, while the 5-year Treasury futures for March delivery ended 1.09% higher.

Hong Kong Stocks rebound

The Hong Kong stock market staged a slight recovery, after falling in the four previous days as traders tracked another record close on Wall Street overnight fuelled by hopes of stronger economic growth during Donald Trumps presidency. The market also got a modicum of support from the mainland, where fears of a liquidity squeeze in Chinas banking system subsided after risks from a high-profile bond scandal appeared contained. Hong Kongs benchmark Hang Seng Index closed 0.37% higher at 21,809.8, ending a four-day drop as the financial and energy sectors rose. The Hang Seng China Enterprises Index, known as the H-shares index, gained 0.52% to 9,331.63. Daily turnover dropped to HK$47.6 billion from HK$53.8 billion a day earlier ahead of holidays.

China Life Insurance (02628) put on 2.51% to HK$20.4, making itself the top blue-chip gainer. Nomura Research maintained its buy rating of the insurer.

Chinese airlines gained broadly after Chinas SASAC said it will implement mixed-ownership reform of state-owned enterprises in areas such as civil aviation. China Eastern Airlines (00670) shot up 8.43% to HK$3.6. Air China (00753) gained 2.6% to HK$5.13, while China Southern Airlines (01055) surged 4.21% to HK$4.21.

Casino players jumped, amid expectations of increasing revenues for 2017. Sands China advanced 1.99% to HK$33.3, and Galaxy Entertainment added 1.65% to HK$33.9.

Oil companies enjoyed gains as oil prices climbed. PetroChina jumped 1.54% to HK$5.95, while China Petroleum & Chemical added 1.25%.

Hong Kong property developers, however, were lower on concerns that surging mortgage costs will threaten home sales.The three-month Hong Kong Interbank Offered Rate continued to rise, hitting 1.0096%, the highest in more than seven years on Wednesday. Mortgages issued through Hong Kong banks for local property purchases are tied to the Hibor rate. Hang Lung Properties dropped 0.97% to HK$16.32, while Cheung Kong Property Holdings fell 0.31% to HK$48.55.

Indonesian shares hit a near 4-week

Indonesian share market closed near 4-week low today, falling for a seventh straight session as investors stayed on the sidelines due to a lack of positive triggers. The Jakarta Composite Index closed nearly 1%lower, dragged down by consumer staples and financial stocks.

Shares of tobacco companies Hanjaya Mandala Sampoerna Tbk PT and Gudang Garam Tbk PT were down 4.8% and 1.6%, respectively.

Sensex closes down

Indian share market fell for the sixth day to end at nearly two-week low, dragged down by major IT stocks such as Infosys and TCS amid mixed global cues. The Sensex lost 65.60 points or 0.25% to settle at 26,242.38. The Nifty fell 21.10 points or 0.26% to settle at 8,061.30.

IT stocks dropped as rupee strengthened past 68 against the dollar. Infosys (down 0.66%), Tech Mahindra (down 0.39%), TCS (down 1.07%), Wipro (down 0.91%) and HCL Technologies (down 1.05%) edged lower. A firm rupee adversely affects operating profit margins of IT firms as the sector derives a lions share of revenue from exports. In the foreign exchange market, the partially convertible rupee was hovering at 67.87, compared with its close of 68.05 during the previous trading session.

Sun Pharmaceutical Industries was down 2.25%. The company announced that all the formalities for the closure and the process for acquisition of 85.1% of JSC Biosintez, a Russian pharmaceutical company have been concluded. The company had announced about the transaction on 23 November 2016. JSC Biosintez is engaged in manufacture and marketing of pharmaceutical products in Russia and CIS region.

Reliance Communications (RCom) jumped after the company announced the signing of binding agreements with Brookfield Infrastructure in relation to the acquisition of RComs nationwide tower assets by affiliates of Brookfield Infrastructure Partners LP and its institutional partners.

State Bank of India rose 0.24% after the bank announced that its shareholders approved the proposal to raise capital through the issue of preferential shares to the government. They also gave an in-principle nod to additional fund raising by way of a public issue, should the bank need to tap the markets.

Among other Asian market- South Koreas Kospi closed down 0.19% while Taiwans Taiex closed 0.41% lower. Singapores Straits Times Index added 0.1% and New Zealands benchmark gauge rose 0.2%

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Hong Kong Stocks rebound
Dec 21,2016

The Hong Kong stock market staged a slight recovery on Wednesday, 21 December 2016, after falling in the four previous days as traders tracked another record close on Wall Street overnight fuelled by hopes of stronger economic growth during Donald Trumps presidency. The market also got a modicum of support from the mainland, where fears of a liquidity squeeze in Chinas banking system subsided after risks from a high-profile bond scandal appeared contained. Hong Kongs benchmark Hang Seng Index closed 0.37% higher at 21,809.8, ending a four-day drop as the financial and energy sectors rose. The Hang Seng China Enterprises Index, known as the H-shares index, gained 0.52% to 9,331.63. Daily turnover dropped to HK$47.6 billion from HK$53.8 billion a day earlier ahead of holidays.

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China Stocks rebound on easing liquidity concerns
Dec 21,2016

Mainland China stock market closed higher on Wednesday, 21 December 2016, as investors chased for bottom fishing after benchmark hits a six-week low previous day. Meanwhile, buying pressured underpinned as fears of a liquidity squeeze in the banking system subsided after risks from a bond scandal appeared contained, and on a pledge to deepen reforms in state-owned sectors. Most sectors gained, led by infrastructure and transport plays, while properties and banks steadied. The Shanghai Composite Index rose 1.11% to 3,137.43, while the Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.74% to 1,996.03. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, added 0.47% to close at 1,991.70 points.

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Australia Market hits over 16-month high
Dec 21,2016

Australian share market finished session at highest in over 16 months, albeit in thin trade, pushed up by a mix of materials and financial stocks as investor sentiment was boosted by Wall Streets record run overnight. The S&P/ASX 200 index rose 0.4%, or 22.43 points, to 5,613.5, its highest closing level since Aug. 5, 2015.

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Tepid gains at Wall Street
Dec 21,2016

U.S. stocks advanced tepidly on Tuesday, 20 December 2016 with investors somewhat reluctant to make big bets in a preholiday week while the main benchmarks were sitting near all-time highs set last week. The gains were led by a rally in bank stocks, though the Dow Jones Industrial Average finished just below the psychologically important 20,000 level. Both the Dow and Nasdaq Composite Index closed at fresh all-time highs, with the S&P 500 index falling just short of its own record.

The Dow climbed 90.95 points, or 0.5%, to 19,974.14. The S&P 500 index closed up 4.46 points, or 0.2% at 2,262.53, with eight of the 11 main sectors finishing in positive territory. The Nasdaq Composite Index ended the session higher, up 20.28 points, or 0.4% to 5,457.44.

Telecom shares led the gainers, followed by real estate and technology sectors. Energy shares, which are among the best performers this year, pulled back. Nike and Goldman Sachs Group led the blue-chip benchmark.

After a mild knee-jerk reaction to news of the assassination of the Russian ambassador to Turkey, markets resumed their climb to close modestly higher.

Trading volumes were thinner than usual, with the New York Stock Exchange reporting volume at 60% of the 30-year average.

On the M&A front, Freds agreed to acquire 865 Rite Aid stores for $950 million in cash. The transaction more than doubled Freds store footprint, sending its shares higher by 81.1%.

The ICE U.S. dollar index which compares the greenback against a half-dozen rivals, rose 0.1% to 103.24, after touching an intraday high of 103.65. Gains left the index on track to close at its highest since December 2002.

Bullion prices ended in a mixed mode on Tuesday, 20 December 2016. Gold returned to its losing ways on Tuesday, settling lower as a leading dollar index revived its run to fresh 14-year highs. Silver settled higher. Because a stronger greenback makes dollar-priced gold less attractive to investors using other currencies, gold for February delivery settled down $9.10, or 0.8%, to $1,133.60 an ounce. Despite the recent weakness, gold and silver are poised for their first yearly gains since 2012. Gold is headed for a roughly 6% gain for 2016.

March silver settled up 2.8 cents, or 0.2%, at $16.12 an ounce, after trading lower earlier in the session. Silver looks ready to post its largest yearly advance since 2010, up more than 16% so far after a loss of almost 12% in 2015. The decline for futures for yellow metal brought the contract below last weeks settlement of $1,129.80, the lowest since early February. Earlier in the session, gold hit an intraday low of $1,127.30 an ounce.

Crude-oil prices finished higher on Tuesday, 20 December 2016 at Nymex scoring a third straight session of gains, ahead of weekly supply updates on U.S. inventories. Trading volume has been light in the run-up to seasonal holidays in December.

West Texas Intermediate crude oil for February delivery, the most-active contract, rose 24 cents, or 0.5%, higher to settle at $53.30 a barrel. The January contract which expires Tuesday, finished up 11 cents, or 0.2%, at $52.23 a barrel. February Brent crude on Londons ICE Futures exchange added 43 cents, or 0.8%, to close at $55.35 a barrel. The contract has been up seven of the last nine trading sessions.

The Treasury market ended on a mostly lower note with the 10-yr yield rising two basis points to 2.56% while the 2-yr yield held unchanged at 1.22%.

Investor participation was above average with nearly 970 million shares changing hands at the NYSE floor.

Tomorrow, the weekly MBA Mortgage Index will be released at 7:00 ET while November Existing Home Sales (consensus 5.50M) will be reported at 10:00 ET.

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U.S. stocks closed lower on Friday
Dec 19,2016

U.S. stocks closed lower on Friday, 16 December 2016 with the Dow industrials swinging to a loss, following reports that a Chinese warship seized an underwater U.S. Navy drone in international waters off the coast of the Philippines. Equities spent the Friday affair inside narrow ranges amid a mixed showing from individual sectors. Most countercyclical groups displayed strength from the start, but their gains were not sufficient to offset losses among cyclical sectors. Even as the Dow was curtailed from its advance to the psychologically important 20,000 level, the blue-chip average still nabbed its longest weekly winning streak in more than a year, rising six weeks in a row.

The Dow Jones Industrial Average which had been up by as many as 71 points earlier, swung to a loss after the Department of Defense announced a Chinese naval vessel took an underwater Navy drone that was collecting water measurements like temperature and salinity. The average finished down 8.83 points, or less than 0.1%, at 19,843.41. The Nasdaq Composite fell 19.69 points, or 0.4%, to finish at 5,437.16. The S&P 500 which had been struggling earlier, declined 3.96 points, or 0.2%, to close at 2,258.07.

All but five of the S&P 500s 11 primary sectors rose on the day. The biggest gainers were utilities and real estate, which both closed up 1.2% despite a weak reading on housing starts. The largest blue-chip decliners were Caterpillar and Goldman Sachs.

The news weighed on sentiment, keeping the market near its low into the afternoon. Treasuries climbed off their lows in reaction to the news, but afternoon backtracking left the 10-yr note in the middle of its range. The benchmark yield slipped one basis point to 2.59%.

The Fed news has fueled a rally in the ICE Dollar Index which shot to a 14-year high on Thursday. The index was last down 0.2%.

Economic data at Wall Street was limited to Housing Starts and Building Permits. November housing starts declined 18.7% to a seasonally adjusted annual rate of 1.090 million units (consensus 1.225 mln). Building permits declined 4.7% to a seasonally adjusted annual rate of 1.201 million (consensus 1.236 million), although permits for single-family homes increased 0.5% to 778,000. The November report followed a big beat in October, thus market reaction was limited.

Crude oil prices settled higher on Friday, 16 December 2016 to tally a gain for the week, with traders encouraged by signs that major oil producers will adhere to the pledge to curb output but still concerned about potential production increases in the U.S. and Libya. Prices had lower earlier amid news that Libya has restarted operations at two key oil fields. The market has seen some signs of planned compliance with the output pact among members of the Organization of the Petroleum Exporting Countries and other oil producers. On the New York Mercantile Exchange, January West Texas Intermediate crude added $1, or 2%, to settle at $51.90 a barrel. For the week, prices rose roughly 0.8%.

Investor participation was well above average due to quadruple witching. More than two billion shares changed hands at the NYSE floor.

Investors will not receive any economic data on Monday.

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Asia Pacific Market: Stocks tepid on capital outflow woes
Dec 16,2016

Asia Pacific share market mostly higher on Friday, 16 December 2016, following rally on Wall Street and European market overnight, but gains were limited as a surging US dollar and elevated US bond yields raised likelihood of fund outflows from emerging markets. MSCIs broadest index of Asia-Pacific shares outside Japan crawled up 0.1% after falling 1.8% on Thursday.

Emerging market countries worried over capital leaving in search of higher yields and return along with the growing cost of paying back dollar denominated debt.

The dollar stood near a 14-year peak, bond yields were highly elevated and Asian stocks struggled for traction on Friday as global markets continued adjusting to the idea of higher US interest rates. In a move that reverberated across the financial markets, the Fed on Wednesday raised rates for the first time in a year and projected three more increases in 2017, up from the two projected in September.

The dollar index, which measures the greenback against a basket of six major rivals, keeps chugging higher, hitting roughly 14-year high of 103.320, in anticipation of a more hawkish Federal Reserve and a boost in US economic growth under President-elect Donald Trump.

US stocks rebounded overnight, led by gains in bank shares, a day after the Federal Reserve raised interest rates for the second time in nearly a decade. Investors initially hit sell in response to a more hawkish Fed, which now sees three rate hikes next year instead of the two foreseen in September. But a day after the decision the market shifted tack, focusing more on the strengthening economy. Growth is likely to benefit as a result of the fiscal stimulus expected to hit under President-elect Donald Trump. Trumps spending plans could trigger inflation and bring about higher interest rates, making banks a likely winning sector in the new administration.

Among Asian bourses

Australia Stocks end lower

Australian share market finished session slight below neutral line, weighed down by weakness in commodity-related stocks, however, strength in consumer goods, industrial and realty counters helped to limit losses. At the closing bell, the benchmark S&P/ASX 200 index declined 5.70 points, or 0.1%, to 5532.90, while the broader All Ordinaries index dropped 5.30 points, or 0.09%, to close at 5589.70.

Shares of energy and materials companies extended losses, pressured by soft commodity prices. Woodside Petroleum declined 0.2% to A$30.93 and Origin Energy shed 0.5% to A$6.47 as a stronger greenback pressured demand for dollar-denominated crude. Among blue-chip miners, Rio Tinto lost 1.3% to A$59.29 and BHP Billiton, which also has significant oil interests, fell 1.3% to A$25 as Chinese iron ore futures dropped for a second session on Thursday. Gold miner Newcrest dropped 4.7% to A$16.75 s the precious metals price dropped to a 10-month low. Fortescue Metals, however, was up 0.2% to A$6.30, as it reassured investors with a further $1 billion repayment of a 2019 senior secured credit facility.

The banks were a mixed bag, with the Commonwealth Bank of Australia up 0.5% to A$81.06 and National Australia Bank up 0.2% to A$29.97 while ANZ and Westpac finished down 0.6% to A$29.81 and 0.2% to A$32.19, respectively.

Nikkei hits fresh one-year high

The Japan share market closed at fresh one-year high, as the yen depreciation to upper 118 level against greenback boosted exporters, meanwhile Japan financials were benefited from rising yields for global government bonds. The benchmark Nikkei 225 index added 0.66%, or 127.36 points, marking its highest closing level since December 2015. The broader Topix index of all first-section shares was up 0.52%, or 7.95 points, to finish at 1,550.67

Shares of export related companies advanced. The Japanese goods and services appeared cheaper on an exchange rate basis as the US dollar surged to fresh 10-month highs against the yen. Canon Inc rose 0.5% while camera maker Olympus rose 0.9%. Mitsubishi Motors closed up 2%, Mazda Motor was up 1.9% and Nissan Motor added 1%.

Banks were also up, benefiting from rising yields for global government bonds, in which they invest heavily. The yield on 10-year Japanese government bonds rose to 0.100% on Friday for the first time since Jan. 29, the day the Bank of Japan announced its negative-interest-rate policy. Mitsubishi UFJ Financial Group climbed 1.7% while Mizuho Financial Group Inc soared 2.2%.

China Stocks edge up

Mainland China stock market managed to eke out gains after early losses, on easing concerns over liquidity crunch in the banking system after reports Chinas central bank has pumped 600 billion yuan into the financial system over the past two days to stabilize the bond and stock markets. Sectors were mixed, with infrastructure and healthcare recovered some losses early this week, while banks and materials continued to lag on the dollars strength. The Shanghai Composite Index added 0.17% to 3,122.98, while the Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.95% to 1,991.64. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, jumped 1.13% to close at 1,998.11 points. For the week, the Shanghai Composite Index was down 3.4%, its worst retreat in nearly eight months.

Stocks treaded carefully after regulators were reported to take more measures against insurers. Chinas insurance regulator has issued warnings to 10 companies after they failed to properly carry out self-inspections on their risk levels, the Securities Daily newspaper reported on Friday. The insurance regulator was also contemplating a cut in the single shareholders maximum stake in an insurance company to less than one third from 51%. The insurance regulator was also contemplating a cut in the single shareholders maximum stake in an insurance company to less than one third from 51%. Investors found some solace from the bond market. Chinas 10-year treasury futures rebounded 1.33% on Friday.

Hong Kong Stocks extend losses

The Hong Kong stock market finished at 4-1/2-month low, as caution over interest rate increases and the soaring US dollar dented confidence. A Fed rate hike affects borrowing costs in Hong Kong as the citys monetary policy is linked to that of the United States. The Hang Seng Index ended down 0.18%, or 38.65 points, to 22,020.75, while the Hang Seng China Enterprises index dropped 0.09%, or 8.83 points, to 9,470.33. Turnover decreased to HK$71.7 billion from HK$80.8 billion on Thursday.

Morgan Stanley raised Macau GGR growth in 2017 to 10% from 2%, or US$39 billion. But it also noted rich valuation in the industry. Galaxy Entertainment (00027) and Sands China (01928) rose 1.2% to HK$0.8% to HK$33.9 and HK$33. AIA (01299) bucked the downtrend, rising 1.5% to HK$44.4. It was the top blue-chip gainer today.

CKI Holdings (01038) slipped 2% to HK$62.3 after Citi Research lowered its target price and rated it sell. The stock registered HK$106 million worth of block deal.

Gold prices slipped 1% to 10-and-a-half month low. Zhaojin Mining (01818) plunged 6% to HK$6.29. China Gold (02099) dived 8% to HK$12.84. Zijing Mining (02899) declined 4% to HK$2.4.

India Benchmark indices settle with small losses

Key benchmark indices registered small losses tracking lacklustre trading on the European and Asian bourses. The market opened amid initial volatility and later for the entire trading session hovered a tad above and below the neutral line mirroring subdued market sentiments elsewhere in global markets today, 16 December 2016. The barometer index, the S&P BSE Sensex, lost 29.51 points or 0.11% to settle at 26,489.56. The Nifty declined 14.15 points or 0.17% to settle at 8,139.45.

Yes Bank was off 0.43%. The bank announced that it has necessary approvals from the board of directors and shareholders to borrow/ raise funds in Indian/foreign currency by issue of debt securities including but not limited to non-convertible debentures, MTN (Medium Term Notes), bonds upto Rs 10000 crore by the bank, in one or more tranches on private placement basis from time to time. The announcement was made after market hours yesterday, 15 December 2016.

Sun Pharmaceutical Industries (Sun Pharma) was down 0.38%. The company said that all the necessary formalities for closure of acquisition of 100% equity stake of Ocular Technologies, Sarl have been concluded and it has successfully completed the acquisition of Ocular Technologies, Sarl. The announcement was made after market hours yesterday, 15 December 2016.

Bharat Heavy Electricals (Bhel) was down 2.07%. The company announced during market hours today, 16 December 2016 that it has bagged a major order for supply of 118 sets of IGBT-based traction converters for 3 phase 6,000 HP electric locomotives. Valued at Rs 200 crore, the order has been placed on Bhel by Chittaranjan Locomotive Works (CLW).

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Hong Kong Stocks extend losses
Dec 16,2016

The Hong Kong stock market finished at 4-1/2-month low on Friday, 16 December 2016, as caution over interest rate increases and the soaring US dollar dented confidence. A Fed rate hike affects borrowing costs in Hong Kong as the citys monetary policy is linked to that of the United States. The Hang Seng Index ended down 0.18%, or 38.65 points, to 22,020.75, while the Hang Seng China Enterprises index dropped 0.09%, or 8.83 points, to 9,470.33. Turnover decreased to HK$71.7 billion from HK$80.8 billion on Thursday.

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China Stocks edge up
Dec 16,2016

Mainland China stock market managed to eke out gains after early losses on Friday, 16 December 2016, on easing concerns over liquidity crunch in the banking system after reports Chinas central bank has pumped 600 billion yuan into the financial system over the past two days to stabilize the bond and stock markets. Sectors were mixed, with infrastructure and healthcare recovered some losses early this week, while banks and materials continued to lag on the dollars strength. The Shanghai Composite Index added 0.17% to 3,122.98, while the Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.95% to 1,991.64. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, jumped 1.13% to close at 1,998.11 points. For the week, the Shanghai Composite Index was down 3.4%, its worst retreat in nearly eight months.

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Nikkei hits new one-year high
Dec 16,2016

The Japan share market closed at fresh one-year high on Friday, 16 December 2016, as the yen depreciation to upper 118 level against greenback boosted exporters, meanwhile Japan financials were benefited from rising yields for global government bonds. The benchmark Nikkei 225 index added 0.66 per cent, or 127.36 points, marking its highest closing level since December 2015. The broader Topix index of all first-section shares was up 0.52 per cent, or 7.95 points, to finish at 1,550.67

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Australia Stocks end lower
Dec 16,2016

Australian share market finished session slight below neutral line on Friday, 16 December 2016, weighed down by weakness in commodity-related stocks, however, strength in consumer goods, industrial and realty counters helped to limit losses. At the closing bell, the benchmark S&P/ASX 200 index declined 5.70 points, or 0.1%, to 5532.90, while the broader All Ordinaries index dropped 5.30 points, or 0.09%, to close at 5589.70.

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