Home / This Week / Market / Global Stock Exchanges

Global Stock Exchanges

Sensex ends 110 points lower, Nifty slips to 12,969 ahead of GDP data

Domestic stock markets took a breather a day after benchmark indices jumped 1 percent, as investors weighed the prospect of Covid-19 vaccines against global economic slowdown. The S&P BSE Sensex index fell 264.33 points, or 0.60 percent, to 43,995.41 at the weakest level recorded during the session, and the broader NSE Nifty 50 benchmark declined to as low as 12,914.30, shedding 72.7 points, or 0.56 percent, from its previous close. Selling pressure in IT, energy and infrastructures shares outweighed buying interest in automobile and PSU bank stocks. Analysts awaited official data on the country’s gross domestic product (GDP), due later in the day, for near-term cues. Economic activity in the country likely picked up in July-September after a record 23.9 percent contraction the previous quarter. Economists in a poll by news agency Reuters forecast GDP to shrink 8.8 percent, a contraction that would still amount to a technical recession.

S&P 500, Nasdaq book record closes on black Friday

U.S. stocks registered gains for the day and week on low trading volumes that took both the S&P 500 index and the Nasdaq Composite to record finishes, before an early close Friday after the Thursday Thanksgiving holiday. The New York Stock Exchange and the Nasdaq closed at 1 p.m. Eastern time on Friday, while the Securities Industry and Financial Markets Association recommended a 2 p.m. Eastern close for bonds.

Most actively traded firms on the Toronto stock exchange

Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (17,396.56, up 45.22 points.) Bombardier Inc. Industrials. up 6.5 cents, or 15.12 percent, to 49.5 cents on 21. Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (17,396.56, up 45.22 points.) Rogers Communications Inc. Up 12 cents, or 0.2 percent, to $60.90. Rogers Communications Inc. says it was exploring the future of its Toronto stadium before the COVID-19 pandemic hit, but the virus has caused it to put those plans on hold. The Globe and Mail reported Friday that Rogers and Brookfield Asset Management Inc. were looking to tear down the stadium as part of a larger development project.

Taiwan shares end above 13,800 points as tech sector gains

Shares in Taiwan moved sharply higher by more than 100 points to close above the 13,800-point mark Thursday, as the bellwether electronics sector regained its footing from weakness seen a session earlier, dealers said. Gains posted by tech stocks on the U.S. markets overnight led investors here to shrug off the losses on the Dow Jones Industrial Average on Wednesday and buy into select electronics heavyweights, while interest also moved to the old economy and financial sectors, giving the main board an additional boost, the dealers said. The weighted index on the Taiwan Stock Exchange, or Taiex, ended up 106.83 points, or 0.78 percent, at 13,845.66, after moving between 13,763.79 and 13,856.76, on turnover of NT$218.67 billion (US$7.67 billion). The market opened up 0.18 percent despite a 0.6 percent fall on the Dow overnight and momentum continued as investors took cues from a 0.5 percent increase in the tech-heavy Nasdaq index overnight to pick up tech stocks here, which helped the Taiex’s momentum accelerate into the end of the session. On the back of rotational buying, multi-layer ceramic capacitor maker Yageo Corp. added 1.30 percent to close at NT$428.50, iPhone assembler Hon Hai Precision Industry Co. rose 1.22 percent to end at NT$83.00 and power management system solution provider Delta Electronics Inc. soared 4.10 percent to close at NT$216.00. Also in the tech sector, contract chipmaker United Microelectronics Corp. (UMC), one of the market’s laggards, rose 2.73 percent to close at NT$39.50 after its American depositary receipts climbed 1.35 percent overnight.

KSE-100 snaps 3-day winning streak

Pakistan Stock Exchange (PSX) succumbed to selling pressure on Friday following three days of consecutive advance. Bears returned to the bourse as the benchmark KSE-100 index spiralled downwards amid pressure on selected sectors. Market participants were discouraged by the uncertainty in global oil markets as crude prices remained mixed ahead of an OPEC+ meeting early next week. The KSE-100 index continued to oscillate between red and green zones. Although overall sentiment was positive, investors still opted to book profit and switch positions. Earlier, the KSE-100 index opened its first session on a negative note and marched south, losing 133 points. However, tables turned during the session and investors resorted to stock buying. But the positive momentum did not last long and the index closed in the red. At close, the benchmark KSE-100 index recorded a decrease of 223.94 points, or 0.55 percent, to settle at 40,807.09 points. The KSE-100 index lost a total of 278 points, however, buying activity in banking, cement, refinery and technology sectors helped the index recoup some of the losses. Trading activity remained on the higher side and volumes came in at 398 million shares, up 2 percent day-on-day, whereas traded value stood at $83 million, down 18 percent. Shares of 394 companies were traded. At the end of the day, 195 stocks closed higher, 181 declined and 18 remained unchanged. Unity Foods was the volume leader with 53.5 million shares, gaining Rs0.62 to close at Rs25.46. It was followed by TRG Pakistan with 46 million shares, gaining Rs3.82 to close at Rs62.07 and K-Electric with 23.1 million shares, gaining Rs0.01 to close at Rs3.76. Foreign institutional investors were net sellers of Rs137.9 million worth of shares during the trading session, according to data compiled by the National Clearing Company of Pakistan.

Check Also

World Stock Markets updates

Global Stock Exchanges

The FTSE 100 had a stellar first week of 2021 The FTSE 100 roared ahead …

Leave a Reply