• Pressure on US stocks, and the worst monthly performance of the «European» in two years

    23/12/2018

     

    AlEqtisadiah from Riyadh

     

    US stocks rose slightly at yesterday's opening, after encouraging economic data.

    However, it is still under pressure from concerns about slowing world growth and threatening to halt federal government operations.

    The Dow Jones Industrial Average was up 12.14 points, or 0.05 percent to 22465.38 points.

     The S & P 500 index gained 2.04 points, or 0.08 per cent, to 2465.38 points.

    The Nasdaq Composite Index rose 45.08 points, or 0.69 per cent, to 6,653.49.

    European stocks rose slightly yesterday.

    But the index was towards the worst monthly performance since the end of 2016.

    While Japan's Nikkei is heading for the worst quarterly performance in 10 years.

     

    European shares closed yesterday, slightly higher, to compensate for heavy losses earlier in the trading yesterday, as a result of the US interest rate hike due to the risks of global growth and the threat of a halt in federal government operations.

    According to "Reuters", the Stokes 600 European index rose 0.03% after continuing to retreat towards low levels that not recorded since the end of 2016.

    The index is still in the worst monthly performance since the end of 2016 amid continuing concerns about slowing corporate profits and economic growth.

     

    In the UK, shares ended higher yesterday, where indicators were associated with the highest, with gains in electronics, electrical appliances, metals, mining, construction and building materials.

    At the end of trading on the London Stock Exchange, Britain's 100 index rose 0.20 percent.

    The number of losers was higher than the number of shares that closed higher on the London Stock Exchange with a drop of 1177 shares, against a high of 893, while 288 remained unchanged.

     

    In Germany, the shares closed mixed at the end of trading yesterday, where indicators were associated with the highest.

     Gains were recorded in the retail, transport, logistics and chemical sectors.

    In contrast, losses were recorded in software, communications, food and beverage, where indicators led down.

    At the end of trading on the Frankfurt Stock Exchange, the DAX 30 index closed 0.21 percent higher, while the DAX M index strengthened its position by 0.38 per cent, and the DAX Tech Index fell 0.07 percent.

    The number of lower shares exceeded the number of shares closed higher on the Frankfurt Stock Exchange with 405 shares down against 316, while 58 remained unchanged.

     

    In France, stocks closed mixed yesterday, where indicators were associated with the highest.

    There have been gains in the gas and water sectors, public finance, food and medicine.

    On the other hand, losses were recorded in the technology, manufacturing and financial sectors, where indices led down.

    At the end of trading on the Paris Stock Exchange, the CAC 40 index rose 0.04 per cent,

    While the SPF 120 index declined by 0.02%.

    The number of losers outnumbered advancing ones by 349, against the 230 high, while 95 remained unchanged.

     

    In Italy, shares closed lower at the end of trading yesterday, where the indicators were accompanied down.

     Losses were recorded in the telecommunications, finance and health services sectors.

    At the end of trading on the Milan Stock Exchange, Italy's 40 index fell by 1.01%, to a 52-week low.

    The number of losers outnumbered decliners on the Milan Stock Exchange with 209 shares falling to 142, while 31 remained unchanged.

     

    The Spanish shares closed at the end of trading yesterday, where the indicators were accompanied down.

     Losses were recorded in the financial services, construction, chemicals, oil and plastics sectors.

    At the end of trading on the Madrid Stock Exchange, the APEX 35 index fell by 0.46 percent, to a 52-week low.

    The number of shares was the lowest, as the number of shares that closed higher on the Madrid Stock Exchange outpaced decliners 108 to 69, while 17 remained unchanged.

     

    In Belgium, shares closed lower at the end of trading yesterday, where indicators were associated with the bottom.

     Losses were recorded in the financial, consumer goods and technology sectors.

    At the end of trading on the Brussels Stock Exchange, Belgium 20 Index closed down 0.20%, to a 52-week low.

    The number of lower shares exceeded the number of shares closed higher on the Brussels Stock Exchange with 54 shares down versus 50, while 18 remained unchanged.

     

    In Poland, the shares closed down at the end of trading yesterday.

    The indicators were down, with losses in the energy, oil, natural gas and telecommunications sectors.

    At the end of trading on the Warsaw Stock Exchange, the WIG 30 index fell by 1.80 percent.

    The number of lower shares exceeded the number of shares closed higher on the Warsaw Stock Exchange with a decline of 325 versus a high of 194, while 166 remained unchanged.

     

    While shares in Finland closed low at the end of trading yesterday, the indicators were associated with the bottom.

     Losses were recorded in the sectors of industries, public institutions and health services.

    At the end of trading on the Helsinki Stock Exchange, the Helsinki OMX 25 was down 0.67 per cent.

    The number of losers exceeded the number of shares closed higher on the Helsinki Stock Exchange with 104 stocks down against 57, while 10 remained unchanged.

     

    In Sweden, shares ended lower yesterday, with indicators down, and losses were recorded in the financial, health and consumer services sectors.

    At the end of trading on the Stockholm Stock Exchange, the MSX Stockholm 30 fell by about 0.75 per cent, reaching a 52-week low.

    The number of shares that were lower ended higher on the Stockholm Stock Exchange with 364 declining against 264, while 56 remained unchanged.

     

    In Norway, shares closed lower at the end of trading yesterday, where indicators were associated with the bottom.

     Losses were recorded in the sectors of commercial services and supplies, medical equipment, cars and spare parts.

     At the end of trading on the Oslo Stock Exchange, the Oslo index recorded a decline of 0.08 per cent, to a six-month low.

    The number of shares was higher than the number of total shares that closed down on the trading on the Oslo Stock Exchange with a rise of 102 shares against the decline of 87, while 20 remained unchanged.

     

    In Russia, shares closed lower in the end of trading yesterday, where indicators were associated with the bottom.

    Losses were recorded in the mining, electricity, oil and natural gas sectors.

    At the end of trading in Moscow, the Moscow Stock Exchange closed down 0.24 per cent.

     The number of lower shares exceeded the number of shares that closed higher on the Moscow Stock Exchange with 122 shares declining, versus a high of 96, while 14 remained unchanged.

     

    In Greece, the shares closed lower at the end of trading yesterday.

    The indicators were down, with losses in the travel and tourism sectors, media and retail.

     At the end of trading on the Athens Stock Exchange, it was down 0.80%.

    The number of losers was higher than the number of shares that closed higher on the trading on the Athens Stock Exchange with a decline of 54 shares, up from 41, while 15 remained unchanged.

     

    Asian stocks continued their decline yesterday, where major indexes plunged to a new high, as it was the lowest in months due to concerns about the economic outlook mounted amid concern over continued high borrowing costs and the closure of the US government.

     

    The Nikkei average fell 1.1 percent to 2,106.19 points.

     The index fell 2.8 percent yesterday.

     The index is heading for its worst quarterly performance since the global financial crisis of 2008, down 16.4 percent.

     The broader TOPIX index closed at 1,488.19 points, down 1.9 percent.

     The index lost 22.1 per cent from its peak in January.

     

    In Pakistan, the index of Karachi Stock Exchange, the largest stock markets in Pakistan yesterday, had an increase of 0.04 percent, equivalent to 14 points, and closed at 38251 points.

    The volume reached 98563050 executed shares in 314 transactions, during which the market value of shares of 151 companies, and the value of shares of 139 companies declined, and the value of shares of 24 companies.

     Shares of energy companies, commercial banks and chemicals dominated the positive trading on the stock exchange.

     

    In India, shares closed lower at the end of trading yesterday.

     The indicators were down, with losses in the technology and banking sectors.

    At the end of trading on the New Delhi Stock Exchange, the NEVTI 50 index fell 1.81 per cent, while SENSEX fell 1.89 per cent.

     The number of the loses shares exceeded the number of shares that closed higher on the New Delhi Stock Exchange with 1133 shares down, against a rise of 448, while 58 remained unchanged.

     On the Bombay Stock Exchange, 1644 shares retreated while 866 shares advanced and 133 shares remained unchanged.

     

    In the Arab World, Tunisia's stock market closed higher yesterday.

    The benchmark index ended up 0.04 percent at 7206.36 points.

    According to data from the bourse website, the volume of transactions amounted to 3.698 million Tunisian dinars amid the rise of the shares of 17 companies, the decline of 30 other shares and the continuation of the shares of 20 listed companies on the stock market to put.

     

    In Egypt, the gains made by the Egyptian Stock Exchange during last week's transactions were amounted to 4.7 billion pounds that to reach the market capitalization of the shares of companies about 744.8 billion pounds.

    The performance of primary and secondary market indices has increased collectively, where the index of the EGX30 by 1.08 per cent to record the level of 13138 points.

     The EGX70 index rose 0.47 per cent to 678 points, and the EGX100 index rose 0.48% to 1699 points.

    The weekly report of the Egyptian Stock Exchange pointed out that the increase in trading values were amounted to 6.7 billion pounds, through the circulation of 1.107 billion papers on 113 thousand operations.

    It pointed out that the transactions of Egyptian investors were accounted for 64.99 per cent of the total market transactions.

    Non-Arab foreign investors were accounted for 26.51 per cent and Arabs for 8.51 per cent.

    Non-Arab foreign investors recorded net purchases of LE 25.06 million, and Arab investors recorded a net sell value of 81.82 million pounds, after excluding deals.

    The report concluded that the total value of trading on bonds were amounted to 273 million pounds and that the total volume of dealing on bonds were amounted to about 281 thousand bonds.

     

    In Jordan, the general price index of shares listed on the Jordanian Stock Exchange increased by 6.22 per cent to close the week at 1942.9 points.

    The daily average volume of trading on the Jordanian Stock Exchange during the past week were about 6.0 million Jordanian dinars, compared to JD 4.6 million for the previous week, with a rise of 32.3 per cent.

     The total weekly trading volume was JD30.2 million, compared to JD22.8 million for the previous week.

    The number of shares traded by the stock exchange during last week were 18.0 million shares carried out through 9747 deal.​

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