11 October 2012
Muscat: The MSM30 index ended on a negative note to close at 5647.89 points, down by 0.27 per cent.
Bank Sohar was the most active in terms of volume, while bank muscat was the most active in terms of turnover. ACWA Power Barka was the top gainer of the day and closed up by 4.23 per cent, while Oman Textile Holding was the top loser for the day and closed down by 4.06 per cent.
A total number of 892 trades were executed in yesterday's trading session generating turnover of RO2.67 million with over 10.10 million shares traded. Out of 43 traded stocks, 14 advanced, 17 declined and 12 remained unchanged. Foreign investors were net buyers for RO241,000, while GCC and Arab investors were net sellers for RO125,000 followed by Omani investors for RO116,000 worth of shares.
Financial Sector Index was down by 0.45 per cent and closed at 6280.79 points.
DIDIC, Taageer Finance and Ahli Bank increased by 1.73 per cent, 1.50 per cent and 0.59 per cent, respectively. United Finance, Global Financial Investment, Ominvest, BankDhofar and Al Anwar Holding declined by 2.31 per cent, 1.14 per cent, 1.13 per cent, 0.82 per cent and 0.78 per cent, respectively.
The Industrial Sector Index was down by 0.34 per cent and closed at 7221.43 points. Dhofar Cattlefeed, ASaffa Foods, Raysut Cement and Gulf Mushroom increased by 3.87 per cent, 0.98 per cent, 0.29 per cent and 0.20 per cent, respectively.
Oman Textile Holding, Oman Fisheries, Al Anwar Ceramic, National Aluminium Products and Galfar Engineering declined by 4.06 per cent, 1.85 per cent, 1.79 per cent, 1.78 per cent and 1.20 per cent, respectively.
Services Sector Index closed at 2792.50 points, marginally up by 0.03 per cent. ACWA Power Barka and Renaissance Services increased by 4.23 per cent and 0.19 per cent, respectively. Al Jazeira Services, Oman Telecommunications, OIFC and Nawras declined by 1.24 per cent, 0.73 per cent, 0.53 per cent and 0.19 per cent, respectively.
European stocks
European stocks and the euro fell for a third day, while oil declined as slowing Chinese growth and Europe's debt crisis hurt corporate profits. The won retreated from an 11-month high and credit risk in Asia rose.
The Stoxx Europe 600 Index slipped 0.2 per cent at 8:01 a.m. in London, while Standard & Poor's 500 Index futures declined 0.1 per cent. The MSCI Asia Pacific Index fell 0.9 per cent. The euro weakened 0.1 per cent against the dollar and 0.2 per cent versus the yen, while South Korea's won retreated 0.4 per cent.
Commodities as measured by the S&P GSCI Index dropped 0.2 per cent as oil slid 0.4 per cent. Bond risk in the Asia-Pacific region rose to a one-week high.
Alcoa Inc. said a slowdown in China will cut global demand for aluminum. Spain's Prime Minister Mariano Rajoy is struggling to contain the country's deficit as he meets with French President Francois Hollande in Paris.
The International Monetary Fund said European banks may need to shrink assets if policy makers fall short of pledges to stem the fiscal crisis.
"We are clearly seeing the impact of a Chinese slowdown globally,- said Nader Naeimi, Sydney-based head of dynamic asset allocation at AMP Capital Investorss, which manages almost $100 billion. "Equity markets have had a very strong run. So, it would not be surprising if they go through some correction.- -" United Securities/Times of Oman
About three stocks fell for every one that climbed on the MSCI Asia Pacific Index. Japan's Nikkei 225 Stock Average and the broader Topix Index slumped at least 1.5 per cent. Toyota Motor Corp. sank 1.9 per cent after reporting the biggest drop in China sales since at least 2008 on a territorial dispute.
China's stocks swung between gains and losses after the China Securities Journal said the government may expand subsidies for farmers to buy low-emission vehicles and heavy-duty trucks and on speculation a cash shortage is easing. Automakers gained while financial companies declined.
Alcoa, the first company in the Dow Jones Industrial Average to report results, posted earnings and sales that beat analysts' estimates. Third-quarter profits and sales for the S&P 500 probably fell in unison for the first time in three years, according to analysts' estimates compiled by Bloomberg. Five years after the S&P 500 began its decline from a record, per-share earnings may have dropped 1.7 per ent on average after they were little changed in the second quarter. Sales may have slipped 0.6 per cent, the data show.
Muscat: The MSM30 index ended on a negative note to close at 5647.89 points, down by 0.27 per cent.
Bank Sohar was the most active in terms of volume, while bank muscat was the most active in terms of turnover. ACWA Power Barka was the top gainer of the day and closed up by 4.23 per cent, while Oman Textile Holding was the top loser for the day and closed down by 4.06 per cent.
A total number of 892 trades were executed in yesterday's trading session generating turnover of RO2.67 million with over 10.10 million shares traded. Out of 43 traded stocks, 14 advanced, 17 declined and 12 remained unchanged. Foreign investors were net buyers for RO241,000, while GCC and Arab investors were net sellers for RO125,000 followed by Omani investors for RO116,000 worth of shares.
Financial Sector Index was down by 0.45 per cent and closed at 6280.79 points.
DIDIC, Taageer Finance and Ahli Bank increased by 1.73 per cent, 1.50 per cent and 0.59 per cent, respectively. United Finance, Global Financial Investment, Ominvest, BankDhofar and Al Anwar Holding declined by 2.31 per cent, 1.14 per cent, 1.13 per cent, 0.82 per cent and 0.78 per cent, respectively.
The Industrial Sector Index was down by 0.34 per cent and closed at 7221.43 points. Dhofar Cattlefeed, ASaffa Foods, Raysut Cement and Gulf Mushroom increased by 3.87 per cent, 0.98 per cent, 0.29 per cent and 0.20 per cent, respectively.
Oman Textile Holding, Oman Fisheries, Al Anwar Ceramic, National Aluminium Products and Galfar Engineering declined by 4.06 per cent, 1.85 per cent, 1.79 per cent, 1.78 per cent and 1.20 per cent, respectively.
Services Sector Index closed at 2792.50 points, marginally up by 0.03 per cent. ACWA Power Barka and Renaissance Services increased by 4.23 per cent and 0.19 per cent, respectively. Al Jazeira Services, Oman Telecommunications, OIFC and Nawras declined by 1.24 per cent, 0.73 per cent, 0.53 per cent and 0.19 per cent, respectively.
European stocks
European stocks and the euro fell for a third day, while oil declined as slowing Chinese growth and Europe's debt crisis hurt corporate profits. The won retreated from an 11-month high and credit risk in Asia rose.
The Stoxx Europe 600 Index slipped 0.2 per cent at 8:01 a.m. in London, while Standard & Poor's 500 Index futures declined 0.1 per cent. The MSCI Asia Pacific Index fell 0.9 per cent. The euro weakened 0.1 per cent against the dollar and 0.2 per cent versus the yen, while South Korea's won retreated 0.4 per cent.
Commodities as measured by the S&P GSCI Index dropped 0.2 per cent as oil slid 0.4 per cent. Bond risk in the Asia-Pacific region rose to a one-week high.
Alcoa Inc. said a slowdown in China will cut global demand for aluminum. Spain's Prime Minister Mariano Rajoy is struggling to contain the country's deficit as he meets with French President Francois Hollande in Paris.
The International Monetary Fund said European banks may need to shrink assets if policy makers fall short of pledges to stem the fiscal crisis.
"We are clearly seeing the impact of a Chinese slowdown globally,- said Nader Naeimi, Sydney-based head of dynamic asset allocation at AMP Capital Investorss, which manages almost $100 billion. "Equity markets have had a very strong run. So, it would not be surprising if they go through some correction.- -" United Securities/Times of Oman
About three stocks fell for every one that climbed on the MSCI Asia Pacific Index. Japan's Nikkei 225 Stock Average and the broader Topix Index slumped at least 1.5 per cent. Toyota Motor Corp. sank 1.9 per cent after reporting the biggest drop in China sales since at least 2008 on a territorial dispute.
China's stocks swung between gains and losses after the China Securities Journal said the government may expand subsidies for farmers to buy low-emission vehicles and heavy-duty trucks and on speculation a cash shortage is easing. Automakers gained while financial companies declined.
Alcoa, the first company in the Dow Jones Industrial Average to report results, posted earnings and sales that beat analysts' estimates. Third-quarter profits and sales for the S&P 500 probably fell in unison for the first time in three years, according to analysts' estimates compiled by Bloomberg. Five years after the S&P 500 began its decline from a record, per-share earnings may have dropped 1.7 per ent on average after they were little changed in the second quarter. Sales may have slipped 0.6 per cent, the data show.
© Times of Oman 2012
