Saudi Stock Exchange suspends shares trading of three companies
The Saudi stock exchange, also known as Tadawul, has suspended the share trading of three companies for not issuing financial statements for 2021. The exchange suspended Saudi Cable Co. shares from the main market, according to a statement. It also suspended Obeikan Glass Co. and Advance International Company for Communication and Information Technology from the Nomu parallel market. The trading of these companies will be suspended from Sunday, April 03. Following one day’s suspension, the company’s trading in the exchange will be resumed on Monday. However, these companies should ensure to submit the 2021 financial statements before the closing on May 8. If these companies fail to submit the financial statements on that date, trading will be suspended from May 9 until they produce the 2021 results.
Sensex sheds 550 points
Sensex and Nifty were down, but off the day’s low, on Wednesday as banking and financial stocks fell amid weak global cues. ADB expects India to grow 7.5 percent in the current fiscal year before picking up to 8 percent the next year. Indian markets were down on Wednesday tracking global markets. Stocks fell globally, while US Treasury yields rose to multi-year highs as investors braced for the possibility of aggressive monetary tightening by the US Federal Reserve to fight inflation. Markets also focused on new sanctions by the West against Russia over its invasion of Ukraine.
Nikkei index ends higher
Tokyo’s blue chip shares ended higher Tuesday, driven by buying of high-tech shares, though the yen’s gyrations weighed on the market. The benchmark Nikkei 225 index added 0.19 percent, or 51.51 points, to 27,787.98, after spending the day in a narrow band. The broader Topix index fell 0.23 percent, or 4.51 points, to 1,949.12. Overnight gains on Wall Street buoyed the Nikkei from early trade, with investors picking up high-tech stocks following climbs on the Nasdaq. Investors started to pick up major blue chip shares in afternoon trade and the Nikkei rebounded, it said. Some players maintained their cautious stance with the Ukraine situation staying grim and uncertain.
France stocks lower at close of trade; CAC 40 down 1.28pc
France stocks were lower after the close on Tuesday, as losses in the Financials, Oil & Gas and Consumer Services sectors led shares lower. At the close in Paris, the CAC 40 declined 1.28 percent, while the SBF 120 index lost 1.27 percent. Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 389 to 174 and 85 ended unchanged. Shares in Sanofi SA rose to 5-year highs; rising 1.69 percent or 1.61 to 96.98. The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was unchanged 0.00 percent to 18.96 a new 52-week high.
FTSE 100 rises
London’s FTSE 100 index edged higher on Tuesday powered by healthcare and utility stocks, while investors closely tracked the prospect of more Western sanctions against Russia over the war in Ukraine. The blue-chip index closed 0.7 percent higher, with drugmakers AstraZeneca and GlaxoSmithKline rising 1.9 percent and 3.1 percent, respectively, to provide the biggest boost to the index. Jefferies raised its price target on GSK as it was confident about the drugmaker in the long term, provided it successfully implements its ultra-long-acting HIV regimens. SSE, United Utilities and National Grid climb over 3 percent each to top the FTSE 100 index. UK stocks were subdued in early trading, dragged down by heavyweight miners and Homebuilders . But by close, the mining index recouped losses to end 1 percent higher.
S&P 500 rises on megacap stock boost, twitter surge
The benchmark S&P 500 index rose on Monday, boosted by megacap tech and growth stocks and a surge in Twitter after Elon Musk revealed his stake in the company, amid cautionary signals in the bond market and talk of more sanctions against Russia over Ukraine. Shares of Twitter surged after Tesla Inc Chief Executive Musk revealed a 9.2 percent stake in the micro-blogging site, making him its largest shareholder. Shares of other social media companies also rose. Tesla shares rose after the company on Saturday reported record electric vehicle deliveries for the first quarter. According to preliminary data, the S&P 500 gained 37.18 points, or 0.82 percent, to end at 4,583.13 points, while the Nasdaq Composite gained 271.77 points, or 1.91 percent, at 14,533.27. The Dow Jones Industrial Average rose 108.18 points, or 0.31 percent, to 34,926.45. Along with Tesla, gains in Apple Inc, Amazon.com Inc and Microsoft Corp gave boosts to the S&P 500.
Canada stocks-tsx gains as energy stocks rise, data shows solid exports
The Toronto stock index gained on Tuesday as energy stocks rose tracking oil prices and as data showed Canada’s exports scaled all-time peak in February. The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE edged up 24.94 points, or 0.11 percent, to 22,110.54 at 10:37 a.m. ET (1437 GMT). It had risen as much as 0.6 percent to a record high of 22,213.07 earlier in the session. Canadian stocks pared gains after U.S. markets turned negative following Federal Reserve Governor Lael Brainard comments that she expects methodical interest rate increases and rapid reductions to the Fed’s balance sheet. Canada is definitely more of a resource market than the United States and when you’re at the beginning of a rate hike cycle – that can be a bit of a headwind. Domestic data on the day showed exports rose 2.8 percent to C$58.75 billion, driven mostly by energy products, while imports climbed 3.9 percent to C$56.08 billion, led by metals. The energy sector .SPTTEN added 0.2 percent tracking volatile crude prices which were last up about 0.5 percent on tighter global supply concerns.