Local equities rebound following two-day plunge
KUALA LUMPUR: Bursa Malaysia found its footing on Friday following a two-day rout that shaved about 3.5% off the benchmark FBM KLCI.
KUALA LUMPUR: Bursa Malaysia found its footing on Friday following a two-day rout that shaved about 3.5% off the benchmark FBM KLCI.
Equities are plummeting, President Donald Trump says the Federal Reserve’s gone ‘loco’ and the trade war’s heating up, yet traditional havens in times of trouble such as gold are not be getting any love.
LONDON- A selloff in global stocks tore like a wrecking ball through emerging equities on Thursday with the key index flirting with its biggest daily tumble since the surprise Brexit vote stunned markets in June 2016.
Asia shares pressured, but not dramatic
With the biggest one-day losses in about eight months plaguing Wall Street yesterday, Asian equities continued the bearish sentiment, though not quite to the same degree. Considering the US30 index fell 3.9%, the SPX500 4% and the NAS100 5.3%, today’s losses of 0.97% for the JP225 CFD and 2.4% for the HK33 index and 0.66% for China shares appear small by comparison.
Ring Energy Inc. (REI) had a rough trading day for Wednesday October 10 as shares tumbled 9.05%, or a loss of $-0.77 per share, to close at $7.74. After opening the day at $8.54, shares of Ring Energy Inc. traded as high as $8.54 and as low as $7.61. Volume was 1.16 million shares over 8,128 trades, against an average daily volume of 733,020 shares and a total float of 60.39 million.
Stoneridge Inc. (SRI) had a rough trading day for Wednesday October 10 as shares tumbled 5.78%, or a loss of $-1.53 per share, to close at $24.93. After opening the day at $26.43, shares of Stoneridge Inc. traded as high as $26.43 and as low as $24.83. Volume was 345,381 shares over 3,179 trades, against an average daily volume of 279,496 shares and a total float of 28.48 million.
SINGAPORE–Asia’s petrochemical shares slumped on Thursday, tracking steep losses in regional bourses following a heavy sell-off in US equities overnight amid fresh concerns over slower global growth.
Walmart Inc. (WMT) traded on unusually high volume on Oct. 09, as the stock gained 2.52% to close at $97.08. On the day, Walmart Inc. saw 11.57 million shares trade hands on 85,181 trades. Considering that the stock averages only a daily volume of 6.77 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.
SK Materials will post robust earnings in the third quarter, said Korea Investment and Securities on Oct. 10 maintaining a “buy” recommendation and 250,000 won (US$221.02) target price.
BlackRock Inc. (BLK) traded on unusually high volume on Oct. 09, as the stock lost 2.49% to close at $459.71. On the day, BlackRock Inc. saw 873,091 shares trade hands on 14,601 trades. Considering that the stock averages only a daily volume of 532,630 shares a day over the last month, this represents a pretty significant bump in volume over the norm.