Home / This Week / Market / Global Stock Exchanges

Global Stock Exchanges

US Dow rises nearly 100 points, but posts longest weekly losing streak since 2011

Stocks rose on Friday, but notched weekly losses as investors worried the US-China trade war is hurting economic growth.

The Dow Jones Industrial Average ended the day up 95.22 points at 25,585.69 while the S&P 500 climbed 0.1 percent to 2,826.06. The Nasdaq Composite rose 0.1 percent at 7,637.01. The indexes rebounded slightly from sharp losses on Thursday after President Donald Trump said Thursday afternoon the ongoing trade war could be over quickly. Friday’s gains were not enough to offset this week’s losses. The Dow dropped 0.7percent this week to post its fifth consecutive weekly decline, its longest streak since 2011. The S&P 500 and Nasdaq fell a third straight week of losses, their longest slide since December 2018. The weekly losses come at a time when investors are growing more convinced that the trade war will take longer than expected to conclude and could hurt the economy.

Pakistan stock index advances for fifth straight session, gains 122 points

The stock market on Friday extended its gains from the previous sessions as the KSE-100 index rose 122 points amid volatile trading. However, investors resorted to profit-booking which sparked uncertainty and the index oscillated between red and green zones throughout the day. Overall, trading volumes decreased to 142 million shares compared with Thursday’s tally of 227.7 million.

The value of shares traded during the day was Rs6.1 billion. Shares of 313 companies were traded. At the end of the day, 150 stocks closed higher, 151 declined and 12 remained unchanged. Unity Foods was the volume leader with 12.3 million shares, closing stable at Rs11.74. It was followed by Maple Leaf Cement with 8.8 million shares, gaining Rs1.1 to close at Rs23.57 and TRG Pakistan with 5.8 million shares, gaining Rs0.01 to close at Rs16.45.

Indian stocks end at record closing highs on Modi win

Indian benchmark indices ending Friday’s session at record closing highs, after investors’ optimism was boosted by Narendra Modi-led National Democratic Alliance (NDA’s) return to power the previous day. While the gains were across the board, bank stocks and financials made the highest contribution to the indices’ rise.

The S&P BSE Sensex ended the day 623 points, or 1.6 percent, higher at 39,435, with ICICI Bank, Larsen & Toubro, Bharti Airtel, Vedanta, and Tata Motors leading the list of gainers. Oout of the 30 BSE constituents, only Hindustan Unilever and NTPC ended the day in the red.

The broader Nifty50 index rose 187 points to settle at 11,844. About 1823 shares advanced, while 676 declined, and 150 shares remained unchanged on the NSE. This was the benchmark indices’ biggest weekly gain in 2019. India VIX, a measure of voltality in Nifty, slipped 40 percent in the last two days, registering its biggest 2-day fall in five years.


Japan stocks lower at close of trade; Nikkei 225 down 0.16percent

Japan stocks were lower after the close on Friday, as losses in the Chemical, Petroleum & Plastic, Mining and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.16 percent.

The best performers of the session on the Nikkei 225 were DeNA Co Ltd, which rose 4.75 percent or 99.0 points to trade at 2182.0 at the close. Meanwhile, Rakuten Inc added 4.50 percent or 49.0 points to end at 1138.0 and Suzuki Motor Corp. was up 3.21 percent or 164.0 points to 5276.0 in late trade.

Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 1854 to 1627 and 242 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 3.59percent to 17.71.

France stocks higher

France stocks were higher after the close on Friday, as gains in the Gas & Water, General Financial and Foods & Drugs sectors led shares higher.

At the close in Paris, the CAC 40 added 0.67percent, while the SBF 120 index gained 0.66percent. The best performers of the session on the CAC 40 were Worldline SA, which rose 2.79 percent or 1.400 points to trade at 51.500 at the close.

Meanwhile, Schneider Electric SE added 2.78 percent or 2.00 points to end at 73.90 and Safran SA was up 2.14percent or 2.55 points to 121.90 in late trade. Rising stocks outnumbered declining ones on the Paris Stock Exchange by 353 to 205 and 79 ended unchanged. The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was down 6.76percent to 16.20.

Germany stocks surge

Germany stocks were higher after the close on Friday, as gains in the Basic Resources, Insurance and Industrials sectors led shares higher. At the close in Frankfurt, the DAX added 0.49percent, while the MDAX index climbed 0.16 percent, and the TecDAX index climbed 0.12percent.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 382 to 298 and 94 ended unchanged. The DAX volatility index, which measures the implied volatility of DAX options, was down 5.18percent to 17.22.

FTSE 100 closes higher but lower over the week

FTSE 100 posted a positive gain Friday to close higher but off the 7,300 level as European and Wall Street stocks also rose.

The UK benchmark added over 46 points at 7,277, but over the week the index dropped 0.96percent. Mid-cap index FTSE 250 gained over 96 points on the day to close at 18,127. It came as the Brexit confusion continues and as UK Prime Minister Theresa May said she would step down on June 7, which will mean a leadership contest to find the next leader of the Tories and PM.

Check Also

World Stock Markets updates

Global Stock Exchanges

KSE-100 sheds 325 points on lower growth forecast The bear-run continued at the Pakistan Stock …

Leave a Reply