Stock exchange – Face OVL http://faceovl.com/ Mon, 19 Sep 2022 14:03:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://faceovl.com/wp-content/uploads/2021/07/icon-2021-07-08T143259.742-150x150.png Stock exchange – Face OVL http://faceovl.com/ 32 32 European stocks slide to open as traders await Fed meeting https://faceovl.com/european-stocks-slide-to-open-as-traders-await-fed-meeting/ Mon, 19 Sep 2022 13:33:00 +0000 https://faceovl.com/european-stocks-slide-to-open-as-traders-await-fed-meeting/ US stocks open lower US stocks opened lower on Monday as investors anticipated the Federal Reserve’s two-day meeting this week. The Dow Jones Industrial Average was down 0.8% in early morning trading. The S&P 500 and Nasdaq were both down 0.9%. — Karen Gilchrist Rheinmetall up 3.7% German gunsmith Rheinmetall jumped 3.7% on Monday after […]]]>

US stocks open lower

US stocks opened lower on Monday as investors anticipated the Federal Reserve’s two-day meeting this week.

The Dow Jones Industrial Average was down 0.8% in early morning trading. The S&P 500 and Nasdaq were both down 0.9%.

— Karen Gilchrist

Rheinmetall up 3.7%

German gunsmith Rheinmetall jumped 3.7% on Monday after announcing an order for special vehicles for the German armed forces.

The Bundeswehr contracted with Rheinmetall to purchase a total of 48 fuel tankers for use at numerous German Army and Air Force airfields.

— Karen Gilchrist

Porsche up almost 3%

Shares of Porsche rose nearly 3% in early trading on Monday after German automaker Volkswagen said it was targeting a valuation of up to 75 billion euros for the luxury brand in its IPO.

Porsche was last seen up 2.5% while Volkswagen was slightly above the flat line.

— Karen Gilchrist

European markets open in the red

European markets opened well in the red on Monday. Here’s where the shares were after 15 minutes of trading:

The French CAC down 0.94%

German DAX down 0.58%

Italian FTSE MIB down 0.92%

Spanish IBEX down 0.4%

—Katrina Bishop

Treasury yields rise

Treasury yields rose early on Monday.

The yield on 2-year Treasury bills rose 1 basis point to trade at 3.8713% at 2:45 a.m. ET. It comes after the yield last week soared above 3.9% – a level last seen in November 2007.

The 10-year Treasury yield, meanwhile, was less than a basis point higher at 3.4554%. Yields move opposite to prices. One basis point equals 0.01%.

Learn more here.

—Katrina Bishop

European stocks fell last week

The pan-European Stoxx 600 slipped 2.89% last week:

UK stock markets closed as country marks death of Queen Elizabeth

In a statement released last week, the London Stock Exchange Group said it was “deeply saddened by the death of Her Majesty Queen Elizabeth II”.

“The day of the funeral of Her Majesty Queen Elizabeth II, 19 September 2022, has been declared a public holiday in the United Kingdom, therefore the London Stock Exchange (the “Stock Exchange”) in the stock exchanges will be closed,” said he added.

—Katrina Bishop

CNBC Pro: Buy These Inflation-Fighting Funds to Protect Your Money, Strategist Says

With inflation remaining stubbornly high, where can investors hide given that US stocks and bonds have been volatile?

There are three types of funds that look attractive right now, according to Mark Jolley, global strategist at CCB International Securities. He named his favorites in each category.

CNBC Pro subscribers can learn more here.

—Weizhen Tan

Oil prices climb as lifting of China’s Covid lockdown boosts demand outlook

Oil prices soared on Monday as the Chinese megacity of Chengdu emerges from a two-week lockdown.

The two oil benchmarks each rose more than 1% earlier in the session, and Brent futures last rose 0.66% to $91.95 a barrel. US West Texas Intermediate gained 0.56% to $85.59 a barrel.

The improving demand outlook offsets fears that potential rate hikes later this week will increase recession risks.

— Lee Ying Shan

CNBC Pro: This ETF Is Risky, But Outperforms When Volatility Rises

As volatility returns again, investors looking for a short-term trade might opt ​​for this ETF with a track record of outperforming during times of extreme market movements.

“It’s probably the prospect of very quick and big gains when everyone in the market seems to be losing their shirt that I think is attractive to this fund,” said Daniel Martins, chief researcher and portfolio strategist at DM Martins Research.

Yet, despite the potential for high returns, the ETF carries a high level of risk and is not for all investors.

Pro subscribers can learn more here.

— Zavier Ong

Stocks could fall below 3,700 ahead of next rally, Fundstrat’s Newton says

Mark Newton, head of technical analysis at Fundstrat, said investors shouldn’t be too tempted by a potential rebound in the coming days as the S&P 500 could fall below 3,700 before a more meaningful rally. does not trigger.

“September’s Triple Witching Friday close at multi-week lows is particularly negative for the outlook for a rally, and further selling still looks likely over the next two weeks to cut 3,700 before a rally of relief can begin in October,” he said.

On Friday, the S&P 500 ended the week at 3,873.33.

“While a 1-2 day attempted bounce cannot be ruled out given this week’s decline, I don’t expect much strength until prices hit support below 3,700 in October,” he added. “Tactically, ‘cash is still king’ and patience is needed until markets hit bearish targets and begin to show either volume and magnitude divergences or a capitulation to buy.”

—Tanaya Macheel

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Bringing multinationals to the stock market: analysts https://faceovl.com/bringing-multinationals-to-the-stock-market-analysts/ Sat, 17 Sep 2022 19:59:33 +0000 https://faceovl.com/bringing-multinationals-to-the-stock-market-analysts/ Stock analysts yesterday urged the government to encourage multinational and local companies with good results to list to boost investors’ confidence in shares and ensure a “fair distribution” of profits. They spoke at a panel discussion titled “Current and Future Perspectives of the Bangladesh Capital Market” organized by the Bangladesh Merchant Bankers Association (BMBA) and […]]]>

Stock analysts yesterday urged the government to encourage multinational and local companies with good results to list to boost investors’ confidence in shares and ensure a “fair distribution” of profits.

They spoke at a panel discussion titled “Current and Future Perspectives of the Bangladesh Capital Market” organized by the Bangladesh Merchant Bankers Association (BMBA) and the Capital Market Journalists’ Forum (CMJF) at the Westin Dhaka.

For all the latest news, follow the Daily Star’s Google News channel.

Professor Abu Ahmed, former chair of the economics department at Dhaka University, said most companies allowed to go public over the past decade did not have such a good track record.

“Unilever, Nestlé and MetLife have been working in the country for years and making huge profits every year… Why don’t they share their profits with the people? He asked.

Many of them are listed in neighboring India and Pakistan, but not here. The government should think about it, he said.

The National Board of Revenue (NBR) narrowed the tax gap between listed and unlisted companies by 2.5 percentage points to 7.5 percentage points, Ahmed said.

However, stock analysts repeatedly called for the spread to be increased to 20 percentage points from 10 percentage points at the time, he said.

“Who did this, on what basis, I can’t figure it out,” he said.

However, Faruq Ahmad Siddiqi, former chairman of the Bangladesh Securities and Exchange Commission (BSEC), questioned the rationality of companies seeking funds on the stock market when they can easily obtain long-term funds from banks.

Unless easy long-term lending is stopped and good governance is ensured, companies will not come to the stock market. Unless companies with good results are listed on the stock market, the stock market will not grow, he added.

The tax gap can never be attractive, even if it reaches 20 percentage points, because there are many ways to evade tax, he said.

Thus, ensuring good corporate governance is necessary alongside implementing rules and regulations so that no one can evade tax, he said.

The government has reduced corporate tax for listed and unlisted companies to reduce overall corporate tax, which is relatively low overseas, said NBR member Mohammad Jahid Hasan.

The BNR is always ready to provide political support for the development of the stock market, he added.

“The stock price valuation in our stock market must be accurate to attract companies with good results,” said Professor Mohammed Helal Uddin, Director (Research) of the Center for Integrated Rural Development for Asia. and the Pacific.

“Our stock price mechanism has a serious problem, so ghee is sold here at the price of ash and ash is sold here at the price of ghee,” he said.

Unless there are good prices, good companies will not be interested in listing even if great tax incentives are offered, he added.

BSEC is trying to bring in multinationals and companies with good track records, for which it has already had talks with some of their top officials, Prof. Shibli Rubayat-Ul-Islam said.

A lack of returns in the money market and banking sector and other avenues are prompting investors to turn to the stock market, said Hasan Imam, president of the Association of Asset Management Companies and Mutual Funds of placement.

They are drawn to mutual funds for their performance, dividends and high yields, he said.

The mutual fund industry is looking to expand its footprint across the country with brokerage houses and the merchant banking ecosystem, he added.

Ziaur Rahman, Chairman of the CMJF, Kazi Sayedur Rahman, Deputy Governor of the Bangladesh Bank, Nojibur Rahman, Chairman of the Capital Market Stabilization Fund, Eunusur Rahman, Chairman of the Dhaka Stock Exchange, and Asif Ibrahim, Chairman of the Stock Exchange of Chittagong, also spoke at the event.

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Manipulation continues despite surveillance https://faceovl.com/manipulation-continues-despite-surveillance/ Sun, 11 Sep 2022 02:50:00 +0000 https://faceovl.com/manipulation-continues-despite-surveillance/ A common scenario in the domestic stock market is that poorly performing stocks become the main winners, regardless of how stock indices react. For example, shares of some companies that have suffered losses for more than a decade and are struggling to give their investors even a penny have doubled or more in the past […]]]>

A common scenario in the domestic stock market is that poorly performing stocks become the main winners, regardless of how stock indices react.

For example, shares of some companies that have suffered losses for more than a decade and are struggling to give their investors even a penny have doubled or more in the past three months, even in middle of a bear market.

For all the latest news, follow the Daily Star’s Google News channel.

Interestingly, the issuers repeatedly insisted that there was no reason behind their abnormal price rise, but despite everything, their shares continued to soar.

However, stock values ​​normally fall after the price manipulation honeymoon ends and investors in general become the ultimate victim, market analysts say.

Yet general investors are rushing behind manipulators in search of overnight profits, they said, adding that this trend helps manipulators offload their overvalued stocks to general investors.

From this perspective, market analysts are questioning the effectiveness of the high-cost monitoring software used by the Bangladesh Securities and Exchange Commission (BSEC).

The manipulation of several stocks has been going on for a long time, but what did the software do to stop it and were the measures effective or is the market not being properly monitored?

The software was launched amid much cries that it would be effective in stopping stock manipulation in its early stages, but such actions have never been seen, said Faruq Ahmad Siddiqi, former chairman of the BSEC.

In many cases, small business stocks and junk stocks rose multiple times due to manipulation, but no action was taken at first, he told the Daily Star.

Commissions of inquiry have sometimes even been formed, but their conclusions have not been made public in many cases.

And even when the BSEC imposed fines on some manipulators, it turned out to be a slap on the wrist given their offence, he added.

For example, the stock market regulator recently imposed a fine of Tk 5.25 crore on Abul Khayer Hiru and his associates for their realized and unrealized gains of more than Tk 68 crore resulting from the manipulation of the shares of the NRB Commercial Bank and Fortune shoes, according to BSEC enforcement decision.

“When an offender does not face adequate consequences, they feel more encouraged to engage in manipulation,” the former BSEC chairman said, adding that the regulator should look into the possibility of prosecuting him. criminal.

The United States Securities and Exchange Commission announced last June that it had found some sixteen people participating in a stock manipulation scheme that generated more than $35 million in illicit profits. So, he decided to fine them more than $75 million collectively, according to his website.

Also, major manipulators can be banned from trading altogether, which is common practice around the world, Siddiqi said.

“The manipulation must be stopped by any means necessary,” he added.

A senior official at an asset management firm said the image of the Bangladesh stock market is already mixed with the word manipulation, which is not a good sign for the long-term market.

“Technology cannot give a biased opinion about manipulators because only the people behind the technology can take such action,” he said.

“So the activities of the regulator in reigning over manipulation raises the question of whether it is doing the job only after seeing a dent in investors’ funds,” he added.

The BSEC can only provide the right answer to this question through its own work. Otherwise, the same crisis of confidence will continue and the image of the market will only deteriorate internally and externally.

“And that cannot be solved by organizing road shows,” the official said.

On condition of anonymity, a former BSEC commissioner said the organization is constantly trying to raise the market index by any means necessary, including condescending manipulators.

The regulator recently labeled a known manipulator who was fined by the commission a large investor.

“It’s harsh cruelty from the regulator.”

Although manipulators could temporarily boost the index, their activities would rob general investors and erode confidence in the market, hampering it in the long term.

“So the BSEC should get out of this mindset of increasing the index with the help of manipulators,” he added.

Responding to all these concerns, BSEC spokesman Mohammad Rezaul Karim said that when an investor buys shares wholesale, he cannot immediately tell whether it was an attempt at manipulation. .

“So we have to wait and see if there is professional misconduct or a violation of securities rules,” he added.

Karim went on to say that in order to detect serial trading and insider trading, the BSEC has to wait for days or even months, as speeding up the process could also make honest investors liable for the breach.

Serial trading is the buying and selling of stocks between the same beneficiary accounts in order to influence the stock price.

Insider trading is the buying and selling of securities by people who have access to non-public information that could affect the value of the stock.

In response to a question, Karim said that hundreds of alerts come from the monitoring software every day, but if the monitoring team were to review every one of them, it would require a lot more manpower.

Even if the BSEC finds reasonable evidence of malpractice in the trade, it must form a commission of inquiry which needs at least 15 days to carry out a thorough investigation.

Once the investigative team submits its findings, other procedures remain in place as documents need to be verified and hearings need to be held.

On the issue of imposing light penalties, Karim said the commission imposes penalties based on the offense and declined to comment further.

The BSEC had launched Trapets InstantWatch, an automatic market transaction monitoring and compliance system widely used in Europe, to build its own monitoring network at the end of 2012.

The development and installation of the software was part of a project co-financed by the government and the Asian Development Bank (AfDB).

The installation and implementation of the surveillance software within the BSEC was also a condition for the AfDB to release $30 million as assistance under the second phase of its market development program capital.

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Nairobi Securities Exchange: Press Release – NSE EXTENDS WAVIER FEES ON DAY TRADES https://faceovl.com/nairobi-securities-exchange-press-release-nse-extends-wavier-fees-on-day-trades/ Fri, 09 Sep 2022 11:10:24 +0000 https://faceovl.com/nairobi-securities-exchange-press-release-nse-extends-wavier-fees-on-day-trades/ Hurry Exit Friday, September 9, 2022 NSE EXTENDS WAVIER FEES ON DAY TRADES The Nairobi Securities Exchange Plc (NSE) has extended its fee waiver on day trading in shares for the remainder of 2022. The statutory fee accruing to the NSE on the second leg of a day trade has been 100% phased out as […]]]>

Hurry

Exit

Friday, September 9, 2022

NSE EXTENDS WAVIER FEES ON DAY TRADES

The Nairobi Securities Exchange Plc (NSE) has extended its fee waiver on day trading in shares for the remainder of 2022. The statutory fee accruing to the NSE on the second leg of a day trade has been 100% phased out as of July. 2022. All investors who currently have accounts at the Central Depository and Settlement Company Limited(CDSC) can now make multiple trades in a day, taking advantage of price changes, at a reduced cost.

“The extension is intended to stimulate market activity and create an opportunity for investors to benefit from greater liquidity. I urge retailers investors to take advantage of this offer to increase portfolio returns.said Mr. Geoffrey Odundo, Managing Director, NSE.

Since the launch of day trading in December 2021, the NSE has recorded a total turnover of Kshs. 3.8 billion buy and sell day trades, representing an average of 2.20% of monthly market activity.

Markets continue to regain momentum following the conclusion of the country’s general election. The NSE 20 stock index rose 2.49% this week following the Supreme Court ruling,

Commenting on the market performance, Mr. Odundo said, “We are confident that bullish market performance in this final quarter as the country recovers from cyclical economic downturns will continue to materialize.”

-ENDS-

Notes to Editor

About ESN

The Nairobi Securities Exchange (NSE) is the main stock exchange in Kenya. It offers a world-class trading facility for local and international investors and issuers looking to gain exposure to Kenya’s and Africa’s economic growth. NSE plays a vital role in the growth of Kenya’s economy through the mobilization of domestic resources and international capital. The NSE is a founding member of the Association of African Stock Exchanges and the Association of East African Stock Exchanges. It is a full member of the World Federation of Exchanges and Futures Association, and a partner in the United Nations Sustainable Exchanges (SSE) Initiative. NSE operates under the jurisdiction of the Capital Markets Authority of Kenya

FOR MORE INFORMATION PLEASE CONTACT:

Corporate Affairs

Nairobi Securities Exchange PLC

Tel: +254 (020) 283 1000

E-mail: CorporateAffairs@NSE.CO.KE

Nairobi Stock Exchange

55 Westlands Road, PO Box 43633 Nairobi, 00100 KENYA www.nse.co.ke

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10 things to know before Bell opens on September 7 https://faceovl.com/10-things-to-know-before-bell-opens-on-september-7/ Wed, 07 Sep 2022 02:21:36 +0000 https://faceovl.com/10-things-to-know-before-bell-opens-on-september-7/ SUMMARY Trends on SGX Nifty point to a negative open for Indian markets on Wednesday. The Rupee depreciated 4 paise to close at 79.82 against the US Dollar on Tuesday. The DPIIT said the government plans to integrate the National Single Window System (NSWS) with countries with similar systems to boost trade. Here are the […]]]>

SUMMARY

Trends on SGX Nifty point to a negative open for Indian markets on Wednesday. The Rupee depreciated 4 paise to close at 79.82 against the US Dollar on Tuesday. The DPIIT said the government plans to integrate the National Single Window System (NSWS) with countries with similar systems to boost trade. Here are the 10 things you need to know before you open the bell on September 7:

1 / ten

Wall Street | The Dow Jones Industrial Average fell 0.55% on Tuesday. The S&P 500 edged down 0.41% while the tech-heavy Nasdaq posted a loss of 0.74%. (Image: Shutterstock)

2 / ten

Asian Equities | The Japanese Nikkei fell 0.10% while the Shanghai index edged down 0.35% at 7:15 a.m. Wednesday. (Image: Shutterstock)

3 / ten

Nifty SGX | Trends on SGX Nifty indicate a negative start for the broader market in India with a loss of 1.11%. Nifty futures were trading around the 17,479.5 level on the Singapore exchange at 7:20 a.m. (Image: Shutterstock)

4 / ten

Dalal Street | BSE Sensex finished 48.99 points or 0.08% lower at 59,196.99, while the broader NSE Nifty was down 10.20 points or 0.06% at 17,655.60.

5 / ten

DPIIT | The Industry Promotion and Domestic Trade Department said on Tuesday that the government plans to integrate the National Single Window System (NSWS) with countries with similar systems to boost trade.

6 / ten

Rupee | The Rupee depreciated 4 paise to close at 79.82 against the US Dollar on Tuesday as domestic equities fell.

seven / ten

Crude oil | The price of Brent crude fell 0.96% to $91.94 a barrel as of 7:20 a.m. Wednesday. (Image: Shutterstock)

8 / ten

Gold | Spot gold fell 0.37% to $1,706.60 an ounce at 7:20 a.m. Wednesday. (Image: Reuters)

9 / ten

Cryptocurrency | Bitcoin lost 4.63% to $18,818.85 as of 7:25 a.m. Wednesday while the Ethereum blockchain network fell 3.53% to $1,531.39 (Image: Shutterstock)

public food grain distribution system PDS
ten / ten

Russia-Ukraine War | Russia on Tuesday questioned the UN-brokered deal with Ukraine to boost grain and fertilizer exports, accusing Western states of failing to honor promises to help facilitate shipments from Moscow.

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Stocks drop to start September as market frets over rate hike https://faceovl.com/stocks-drop-to-start-september-as-market-frets-over-rate-hike/ Thu, 01 Sep 2022 13:36:00 +0000 https://faceovl.com/stocks-drop-to-start-september-as-market-frets-over-rate-hike/ US stocks fell on Thursday, the first day of September, as traders continued to worry about the potential for a Federal Reserve rate hike. The Dow Jones Industrial Average fell 187 points, or 0.6%. The S&P 500 and the Nasdaq Composite fell 0.7% and 1% respectively. The major averages are each on track to end […]]]>

US stocks fell on Thursday, the first day of September, as traders continued to worry about the potential for a Federal Reserve rate hike.

The Dow Jones Industrial Average fell 187 points, or 0.6%. The S&P 500 and the Nasdaq Composite fell 0.7% and 1% respectively. The major averages are each on track to end the week down around 3%.

The moves came as the 2-year US Treasury yield hit 3.516%, the highest level since November 2007, at some point on Thursday.

Nvidia shares also contributed to the losses, falling more than 5% after the chipmaker said the US government was restricting some sales to China.

Weekly jobless claims in the United States fell to 232,000 for the week ending August 27. That was weaker than expected by economists polled by Dow Jones. This is also down from the prior period and the lowest level since June 25.

The main averages come from four consecutive days of losses. On Wednesday, the last day of August, the Dow slipped almost 0.9%. The S&P 500 lost about 0.8% and the Nasdaq Composite fell about 0.6%.

The Dow Jones closed the month down about 4.1%, while the S&P and Nasdaq posted losses of 4.2% and 4.6%, respectively.

Investors are wondering if equities will challenge June lows again in September, a historically poor month for markets, after weighing recent hawkish comments from Fed officials that show no signs of easing rate hikes. ‘interest.

“If we retest the lows, I think it will happen in September,” SoFi’s Liz Young said Wednesday on CNBC’s “Closing Bell: Overtime.” However, she added, ‘I think to do that would require something to get significantly worse than it was on June 16,’ when stocks bottomed out like earnings revisions. which are worse than investors expect.

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Stock market decline eats into insurers’ returns https://faceovl.com/stock-market-decline-eats-into-insurers-returns/ Tue, 30 Aug 2022 21:01:38 +0000 https://faceovl.com/stock-market-decline-eats-into-insurers-returns/ Capital markets Stock market decline eats into insurers’ returns Wednesday, August 31, 2022 Nairobi Stock Exchange trading room. FILE PHOTO | NMG Insurance companies suffered lower investment income in the first half of the year as lower share prices in the Kenyan stock market weighed on their profitability. Sanlam Kenya, Old Mutual Holdings, Jubilee Holdings […]]]>

Capital markets

Stock market decline eats into insurers’ returns


Nairobi Stock Exchange trading room. FILE PHOTO | NMG

Insurance companies suffered lower investment income in the first half of the year as lower share prices in the Kenyan stock market weighed on their profitability.

Sanlam Kenya, Old Mutual Holdings, Jubilee Holdings and CIC Insurance Group all saw falling revenue and gains from their shares, at a time when the Nairobi Stock Exchange (NSE) lost 654 billion shillings, a quarter of its market capitalization.

Old Mutual said in its financial statements released yesterday that its investment income fell 35% to 1.88 billion shillings in the period, while CIC, which made its statements earlier this month, said reported a 22% drop to 2.05 billion shillings.

Sanlam’s investment and other income fell 34% to 1.02 billion shillings, while Liberty’s fell 79% to 13.9 million shillings.

Jubilee Holdings, Kenya’s largest listed insurer by market capitalization, said its other income, which includes investment income, fell 30% to 4.67 billion shillings over the past six months. month ending in June.

Insurance companies normally look to stocks and bonds to diversify their income, especially given the slow growth of new insurance business acquisitions.

That leaves them at the mercy of a volatile stock market, however, which has oscillated in recent years between steep losses and big gains in some stocks such as Safaricom.

“Net investment income was down 34% due to falling stock markets and rising yields in the Kenyan market, which impacted stock and bond valuations within our business,” said Old Mutual.

“Bond yields have risen as interest rates have risen, leading to fair value losses on our bond portfolios.”

NSE stocks have been hit by both external and local shocks this year, with the main factor behind the decline being the sell-off by foreign investors following the Russian-Ukrainian war, which began in February.

During the six-month period, foreign investors withdrew a net amount of 12.6 billion shillings from the exchange, a fourfold increase in net sales of 2.98 billion shillings seen in the first half of the year. last year.

Capital flowed to the safety of Western markets due to global economic uncertainty resulting from the war.

Inflation in the West has also risen sharply due to soaring fuel and food prices due to the conflict, forcing central banks to raise rates to temper the high cost of living. These higher rates have in turn diverted capital from riskier emerging markets like Kenya.

Exposure to treasury bills has also increased, with insurers now holding 310 billion shillings of government securities, up from 259 billion shillings a year ago.

Over the past year, the yield curve for government securities has risen significantly, indicating a growing perception of risk on government loans, which has led to the downward movement in the price of these securities in the market.

This means a downward revision in the value of the portfolio for holders of bonds such as insurance companies and banks, even if the interest generated by these papers is not affected, and any real loss cannot be realized. only if they choose to sell their holdings.

[email protected]

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This stock multibagger’s board recommends free shares at a ratio of 3:2, details inside https://faceovl.com/this-stock-multibaggers-board-recommends-free-shares-at-a-ratio-of-32-details-inside/ Sat, 27 Aug 2022 03:33:07 +0000 https://faceovl.com/this-stock-multibaggers-board-recommends-free-shares-at-a-ratio-of-32-details-inside/ The board of directors of SecMark Consultancy Ltd has approved the issue of free shares in a ratio of 3:2, subject to shareholder approval. Free shares are additional fully paid shares issued by a company to its existing shareholders. Free shares are additional fully paid shares issued by a company to its existing shareholders. “We […]]]>

The board of directors of SecMark Consultancy Ltd has approved the issue of free shares in a ratio of 3:2, subject to shareholder approval. Free shares are additional fully paid shares issued by a company to its existing shareholders. Free shares are additional fully paid shares issued by a company to its existing shareholders.

“We inform you that the Board of Directors, meeting today, i.e. August 23, 2022, notably examined and stopped the issue of free shares at the rate of 3 (three) fully paid-up shares for 2 (two) existing shares. fully paid up shares held by shareholders, subject to approval by the company’s shareholders,” the company had announced in an exchange filing earlier this week.

In addition, the board also approved the migration of the listing/trading of the company’s current listing from the SME platform of BSE Limited to the main board of BSE Limited as well as the listing/trading on the main board of National Stock Exchange of India Limited subject to the approval of the shareholders of the Company, BSE Limited, National Stock Exchange Limited or any other authority.

In the meantime, the Board has also reviewed and approved the amendment of the Company’s Memorandum of Association due to changes in the authorized share capital of the Company, subject to the approval of the members of the Company.

Based in Mumbai, India, SecMark Consultancy offers advisory, technology and outsourcing services to financial market participants and has specialists in compliance, operations, risk management, software development, IT infrastructure management, system audits and cybersecurity. The company counts among its customers more than 200 leading players in the financial markets.

SecMark Consultancy shares have yielded a multibagger return of more than 101% over a one-year period, while the multibagger stock has jumped almost 66% in 2022 (YTD) so far, against a decline of around 0.6% of the BSE Sensex benchmark.

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Live Updates: U.S. GDP revision and unemployment insurance claims data paint a bullish picture for the economy https://faceovl.com/live-updates-u-s-gdp-revision-and-unemployment-insurance-claims-data-paint-a-bullish-picture-for-the-economy/ Thu, 25 Aug 2022 16:34:54 +0000 https://faceovl.com/live-updates-u-s-gdp-revision-and-unemployment-insurance-claims-data-paint-a-bullish-picture-for-the-economy/ A former UK ambassador to Myanmar has been arrested, according to two people familiar with the situation, as the country marks the fifth anniversary of a military crackdown on the Rohingya Muslim minority who have been accused of genocide. Vicky Bowman, the UK’s envoy to Myanmar from 2002 to 2006, and her husband, artist and […]]]>

A former UK ambassador to Myanmar has been arrested, according to two people familiar with the situation, as the country marks the fifth anniversary of a military crackdown on the Rohingya Muslim minority who have been accused of genocide.

Vicky Bowman, the UK’s envoy to Myanmar from 2002 to 2006, and her husband, artist and former political prisoner Htein Lin, were arrested by the military regime, which seized power in a coup last February.

Both men were taken to Insein Prison in Yangon, the sources said. Bowman is expected to be charged with breaking Myanmar’s immigration law, according to local media.

“We are concerned about the arrest of a British woman in Myanmar,” the Foreign, Commonwealth and Development Office said in a statement on Thursday. “We are in contact with local authorities and providing consular assistance.”

Bowman is the director of the Myanmar Center for Responsible Business, a non-governmental organization that advises local businesses on anti-corruption, social and environmental practices. She previously worked with miner Rio Tinto on transparency and sustainability issues.

News of the arrests came on the fifth anniversary of a violent crackdown by Myanmar’s military, known as the Tatmadaw, against the Muslim Rohingya minority in western Rakhine state.

The Foreign Office said on Wednesday the UK would “intervene” in a case brought by The Gambia to the International Court of Justice in The Hague in 2019 accusing the Tatmadaw of “genocidal acts”. He also unveiled a new set of sanctions against companies linked to the military.

“The UK has made it clear that what happened to the Rohingya was ethnic cleansing and remains committed to taking action to end the brutality of Myanmar’s armed forces and hold them to account,” the FCDO said. in a press release.

According to a UN fact-finding mission, around 10,000 people were killed and 730,000 displaced to neighboring Bangladesh in the months-long assault, which included sexual violence, burning of villages and extrajudicial executions. The UN investigation concluded that the army’s conduct constituted “both war crimes and crimes against humanity”.

Last month, the ICJ ruled that the case could proceed, overruling Myanmar’s objections to its jurisdiction. A separate case has been opened against the Tatmadaw in Argentina.

Peter Vowles, the current UK ambassador to Myanmar, was expelled from the country last month.

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Trade set-up for Wednesday August 24, 2022: SGX Nifty, other things to know before the stock market opening bell https://faceovl.com/trade-set-up-for-wednesday-august-24-2022-sgx-nifty-other-things-to-know-before-the-stock-market-opening-bell/ Wed, 24 Aug 2022 00:57:07 +0000 https://faceovl.com/trade-set-up-for-wednesday-august-24-2022-sgx-nifty-other-things-to-know-before-the-stock-market-opening-bell/ Here we list the key things you need to know before the trading bell opens today: Global market signals On Wall Street, stocks are trading flat after three successive losses. The Dow Jones ended down 0.47%, the tech-heavy Nasdaq ended flat losing 0.27 points, the S&P 500 lost 0.22% while the Small Cap 2000 ended […]]]>

Here we list the key things you need to know before the trading bell opens today:

Global market signals

On Wall Street, stocks are trading flat after three successive losses. The Dow Jones ended down 0.47%, the tech-heavy Nasdaq ended flat losing 0.27 points, the S&P 500 lost 0.22% while the Small Cap 2000 ended up 0.39%.

European stock markets traded mixed on Tuesday following the release of key data on economic activity, but the overall tone remains cautious given fears of runaway inflation, soaring gasoline prices and a slowdown of growth. S&P’s composite purchasing managers’ indexes for Germany and France fell to 47.6 and 49.8, respectively, both below the 50 level that typically separates growth from contraction. This was a 26-month low for Germany and an 18-month low for France.

Asian stocks were trading broadly lower on Tuesday, echoing a broad sell-off on Wall Street amid speculation of another U.S. Federal Reserve interest rate hike.

Asian markets in morning session

In early morning trading on Wednesday, Japan’s Nikkei is down 0.15%, South Korea’s Kospi is up 0.22%, Hong Kong’s Hang Seng is down 0.11% while the Chinese Shanghai is down 0.14%.

SGX Nifty Technical Outlook

SGX Nifty is trading flat in early morning offers on Wednesday. The index is down almost 20 points at 17,585 levels.

Speaking on the outlook for SGX Nifty, Anuj Gupta, Vice President – Research at IIFL Securities, said: “Overall sentiment for SGX Nifty today is quite positive. The small range of SGX Nifty today lies between 17,420 and 17,700 while a wider range of the index can be assumed between 17,200 and 17,880 levels.”

Clever technical insights

Speaking on Nifty’s technical outlook for Wednesday, Rajesh Palviya, VP – Technical and Derivative Research at Axis Securities, said, “Nifty has rallied strongly from 17,345 levels, coinciding with the 20-day SMA ( 17385,) which remains a crucial support area in the near. The overall short to medium term trend remains bullish, and every short term correction remains a buying opportunity. He said that currently the Nifty 50 index is well placed above the 20-, 50-, 100- and 200-day SMAs, confirming the bullish sentiments.From current levels, the immediate support zone is placed around 17,400-17,200 levels. , this buying momentum could reach the 17,800-18,000 levels in the coming sessions.

Bank Nifty Technical Outlook

On the Nifty Bank Index, Rajesh Palviya of Axis Securities said: “On the daily chart, the index formed a bullish candle and closed above its previous session high, representing a positive bias. The index is moving in a higher high and higher low formation on the daily chart indicating a short term uptrend The chart pattern suggests that if Bank Nifty breaks through and holds above the 38,900 level, it would witness buying, driving the index towards the 39,200 to 39,400 levels. However, if the index breaks below the 38,500 level, it would witness selling, which would bring the index towards 38 200 to 38,000.”

Rajesh Palviya added that Bank Nifty is trading above 20, 50, 100 and 200-day SMA, indicating a positive bias in the short to medium term. Bank Nifty continues to remain in a short-term uptrend, so buying on the downside remains our preferred strategy.

Smart call data

According to data presented by nseindia.com as of 3:30 p.m. on August 23, major total open interest for calls was seen at 17,700, 17,800 and 17,900 strikes with total open interest of 111,912, 145,027 and 148,850 contracts respectively. The addition of major call open interests was seen at the 17,900 strike, which added 24,190 contracts. An appeal outcome was observed at 17,500 and 17,700 strikes which lost 6,679 and 19,992 contracts respectively.

Smart Put Data

Total Put open interest was seen at 17600, 17500 and 17400 strikes with total open interest of 127548, 165006 and 137905 contracts respectively. The major addition of open put interests was seen at 17,500 and 17,400 strikes, which added 56,371 and 62,830 contracts respectively. The unwinding of sales was observed at 17,800 strikes, resulting in the loss of 9,368 contracts.

Nifty Bank call option data

The major total open interest on calls was observed at 38,800, 39,000 and 39,200 strikes with total open interest of 45,459, 92,849 and 48,313 contracts respectively. The addition of major call open interests was seen at 38,800 and 39,000 strikes, which added 9,515 and 2,484 contracts respectively. The outcome of the calls was observed at 38300, 38400 and 38500 strikes which lost 12816, 19948 and 34637 contracts respectively.

Nifty Bank Put Option Data

According to data presented by nseindia.com as of 3:30 p.m. on August 23, total major selling open interest was seen at 38,600, 38,500 and 38,200 strikes with total open interest at 55,250, 108,238 and 58 877 contracts respectively. The major addition of open put interests was seen at 38,500 and 38,600 strikes, which added 33,732 and 39,833 contracts respectively. No major unwinding of the put was seen on strikes ranging from 38200 to 39200.

FII DII Data

Foreign Institutional Investors (IFIs) bought 563 crore of shares, as domestic institutional investors (DIIs) sold off 215.2 crores in shares on August 23, according to preliminary data available on the NSE.

Banned by F&O NSE on August 22, 2022

The National Stock Exchange (NSE) has not added any stocks to its F&O blacklist for the August 24, 2022 trade date. Blacklisted securities in the F&O segment include companies in which the stock has exceeded 95 % of market-wide position limit. .

U.S. bond yield

The US 10-year bond yield fell 0.02% to 3.053 while the US 30-year bond yield rose 0.15% to 3.261.

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