All Southeast Asian Stock Exchanges close with profit

All the Southeast Asian stock exchanges ended the day with clear rises encouraged by Wall Street’s gains and the dollar’s weakness the day before.

The Bangkok stock market made the most progress with a rise of more than 1 percent.

In Singapore, the city-state stock market rose 22.48 points, 0.72 percent, and the Straits Times composite indicator remained at 3,146.09 units.

The Kuala Lumpur Stock Exchange increased by 6 points, 0.38 percent in Malaysia and the selective KLCI ended at 1,577.82.

In Indonesia, the Jakarta stock totaled 52.21 integers, 0.91 percent, and the JCI index finished with 5,815.84 units.

The Bangkok stock market gained 16.73 points or 1.08 percent in Thailand, and the SET index settled at 1,568.55.

In the Philippines, the Manila Stock Exchange climbed by 31.82 points, 0.52 percent, and the PSEi composite index ended at 6,196.71 points.

The VN Index of the Ho Chi Minh stock n Vietnam, closed with 1,308.58 units after gaining 0.82 percent.

The Hong Kong stock market follows the regional upward trend

The Hong Kong stock exchange benchmark index, the Hang Seng, closed today with gains of 1.75%. It followed the upward trend of the other Asian markets after the US Federal Reserve eased fears about inflation.

It added 498.6 points, to 28,910.86, while the index that measures the behavior of mainland Chinese companies, the Hang Seng China Enterprises, advanced by 1.42%.

Among the sub-indices, only Services finished negative with a 0.05% drop. Real Estate gained 0.6%, Finance added 1.42%, and Commerce and Industry increased by 2.37%.

Xiaomi stood out with an advance of 4.13%.

In the financial area, the biggest beneficiaries of the profits were the insurer China Life, with a gain of 2.75%. HKEX, the Hong Kong stock market operator, surged by 5.37%.

Even though the financial world closed in green, the increases here were less spectacular. Country Garden was the leader with a gain of 1.02%. The day was positive for Chinese state securities such as the oil company Petrochina which expanded by 1.27%. China Mobile, the telephone operator, gained 0.2%.

The business volume of the session was 167,870 million Hong Kong dollars or 21,625 million US dollars.

The Nikkei rises 0.67% thanks to the technology boom

Nikkei, the main index of the Tokyo Stock Exchange, grew by 0.67% this Tuesday thanks to the boom in the technology sector. However, gains were limited due to rumors of an extension of the state emergency because of covid in Japan.

The Nikkei, which groups the 225 most representative titles in the market, advanced by 189.37 points to 28,553.98 integers.

The Topix, which includes the firms in the first section with the highest capitalization, added 0.34% or 6.48 points to stand at 1,919.52.

The Tokyo stock market opened higher and held gains throughout the session as investors were encouraged by buying between electronics and chip companies. Thanks to a reduction in concern about the yield of US bonds long-term, they fell on the eve.

However, today’s earnings were limited due to renewed concern about the Tokyo Olympics scheduled to open in July, after the United States advised against its citizens visiting Japan due to the situation of the pandemic, generating uncertainty about the future of the event.

Added to this are reports that the Japanese government is considering extending the state of emergency in force in the country’s most populated areas, including Tokyo, beyond May.

Konami recorded the highest increase

Brokerage houses reaped the day’s most significant gains, along with the iron and steel, and electronics sectors.

Konami, the manufacturer of toys and video games, recorded the highest increase among the companies listed on the Nikkei. It gained 4.28%, followed by Kobe Steel and Japan Steel Works, whose shares appreciated 3.62%.

Nintendo, the video game developer, and distributor brought together the highest volume of operations in the session and rose by 2.69%.

It was followed by the technology group Softbank, which advanced 0.54%. The technology company Sony added 2.33%.

In the first section, 698 companies advanced compared to 1,417 that fell. Meanwhile, 77 closed unchanged. The trading volume amounted to 2.2 trillion yen. 

Wall Street closed in green, and the Dow Jones rose 0.54%

Wall Street closed in green this Monday. The Dow Jones of Industrialists, its primary indicator, rose by 0.54% in a day marked by the rebound of technology. Companies benefited from the economic reopening.

At the close of the NYSE session, the Dow Jones added 186.14 points to 34,393.98. Meanwhile, the selective S&P 500 rose by 0.99% or 41.19 points, to 4,197.05.

The Nasdaq composite index, listing the leading technology companies, gained 1.41% or 190.18 points to 13,661.17.

The New York stock market started in green, leaving behind fears of rising inflation in the US, which has generated strong stock sales, focusing on the economic recovery.

According to Fahad Kamal of Kleinwort Hambros, inflation concerns have diminished. There is greater recognition that inflation will be transitory. This reflects the fact that we have reached the fastest part of the recovery.

Google, Facebook, and Microsoft soared more than 2%

Shares of big tech appreciated, with Alphabet and Facebook surging more than 2.5% and Microsoft above 2%. Apple shares gained 1.33%.

Likewise, there was a trend of buying shares in travel and transportation companies such as American Airlines, Carnival, or United Airlines, which enjoyed more than 1%. They also benefited from the lifting of the restrictions imposed to avoid the expansion of the pandemic.

By sectors, the vast majority closed the day in green, with communications leading by an increase of 1.85%. It is followed by technology with a 1.76% profit and real estate with a gain of 1.06%. Meanwhile, only public services closed negative.

Among the 30 companies listed on the Dow Jones, Microsoft stood out with a surge of 2.29%. Salesforce followed it with a gain of 1.98%. Cisco raised by 1.83%, and Intel added 1.57%. 

Worst performers of the day were Amgen (-1.29%), Home Depot (0.29%), and Travelers (-0.22%).