blog

Latest from the Quantamize Blog

Asian and Australian Stocks While You Were Sleeping

May 07, 2018

Asian & Australian Markets

  • Asia markets mixed to start week, Nikkei 225 -0.03%, Hang Seng +0.23%, and Sensex +0.86%
  • Australian equities advanced with ASX 200 +0.36%
  • Energy sector was a broad outperformer across Asia/Australia
  • Market breadth was mixed with the Nikkei 225 posting 99 advances and 117 declines, while 29 of 50 stocks gained in the Hang Seng and 23 of 30 stocks finished higher in the Sensex
  • Market breadth for the ASX 200 was decidedly positive as 108 of 200 stocks were in the black

Asian Outlook

  • A Chinese State Administration of Foreign Exchange (SAFE) reported that China’s current account balance in 1Q2018 was a negative $28.2 billion, sharply contrasting the $18.4 billion surplus in 1Q2017
  • PBOC Governor Yi Gang reportedly remarked that China’s “huge” trade disparity with the US is a problem that needs to be addressed with rationality
  • China’s Ministry of Commerce is reportedly set to unveil methods for increasing imports. One of these approaches will purportedly be further tariff reductions, such as China’s earlier decrease on auto tariffs
  • BoJ meeting minutes indicated that there continues to be a need for significant monetary easing

Australian Outlook 

  • Australian Treasurer Scott Morrison limited expectations for personal income tax cuts, noting that they will be modest in the short-term, and increase in coming years 
  • The Australian government is reportedly set to commit A$24.5 billion to infrastructure projects, including the including funding for the new western Sydney airport, the Melbourne Airport rail link, as part of the government’s A$75 billion, decade-long infrastructure project plan announced last year
  • A report by The Australian suggest that the Australian government will include a stipulation into this year’s budget rules which will limit tax as a share of GDP to 23.9%

Nikkei 225 Movers

In local currency.

Outperformers Ticker Price Chg % Chg Volume
Yamaha Corp 7951 JT 5670.00 290.00 5.39% 1.31M
Daiichi Sankyo Co Ltd 4568 JT 4020.00 196.00 5.13% 3.20M
Sojitz Corp 2768 JT 409.00 19.00 4.87% 23.87M
Tokyo Electric Power Co Holdings Inc 9501 JT 565.00 25.00 4.63% 38.35M
TOTO Ltd 5332 JT 5720.00 200.00 3.62% 914.00k

 

Underperformers Ticker Price Chg % Chg Volume
Nippon Kayaku Co Ltd 4272 JT 1347.00 -43.00 -3.09% 710.90k
T&D Holdings Inc 8795 JT 1794.50 -46.00 -2.50% 2.62M
Dai-ichi Life Holdings Inc 8750 JT 2120.50 -54.00 -2.48% 6.23M
Ricoh Co Ltd 7752 JT 1041.00 -25.00 -2.35% 4.02M
Mitsubishi Chemical Holdings Corp 4188 JT 1021.00 -24.00 -2.30% 6.06M

Hang Seng Movers

In local currency.

Outperformers Ticker Price Chg % Chg Volume
Geely Automobile Holdings Ltd 175 HK  21.80 0.90 4.31% 75.57M
CNOOC Ltd 883 HK  13.46 0.40 3.06% 87.04M
China Mengniu Dairy Co Ltd 2319 HK 26.05 0.70 2.76% 16.23M
PetroChina Co Ltd 857 HK  5.71 0.15 2.70% 142.36M
China Resources Power Holdings Co Ltd 836 HK  15.26 0.36 2.42% 11.54M

 

Underperformers Ticker Price Chg % Chg Volume
Lenovo Group Ltd 992 HK  3.60 -0.12 -3.23% 69.36M
Wharf Real Estate Investment Co Ltd 1997 HK 57.10 -1.10 -1.89% 1.52M
Hong Kong Exchanges & Clearing Ltd 388 HK  252.00 -2.40 -0.94% 4.56M
WH Group Ltd 288 HK  7.97 -0.06 -0.75% 15.14M
Link REIT 823 HK  66.50 -0.50 -0.75% 3.02M

Sensex Movers

In local currency.

Outperformers Ticker Price Chg % Chg Volume
Mahindra & Mahindra Ltd MM IB  885.60 31.40 3.68% 112.98k
Axis Bank Ltd AXSB IB 534.95 14.65 2.82% 286.47k
Tata Steel Ltd TATA IB 595.95 14.65 2.52% 340.72k
ICICI Bank Ltd ICICIBC IB 289.40 6.50 2.30% 764.19k
Reliance Industries Ltd RIL IB  971.85 17.95 1.88% 350.89k

 

Underperformers Ticker Price Chg % Chg Volume
Dr Reddy's Laboratories Ltd DRRD IB 2068.85 -36.95 -1.75% 21.91k
Tata Consultancy Services Ltd TCS IB  3427.70 -53.15 -1.53% 63.42k
Coal India Ltd COAL IB 267.65 -4.10 -1.51% 1.20M
Sun Pharmaceutical Industries Ltd SUNP IB 513.55 -5.20 -1.00% 243.32k
HDFC Bank Ltd HDFCB IB 1979.75 -8.10 -0.41% 267.89k

ASX 200 Movers

In local currency.

Outperformers Ticker Price Chg % Chg Volume
Lynas Corp Ltd LYC AT  2.88 0.12 4.35% 4.06M
Seven West Media Ltd SWM AT  0.73 0.03 4.29% 6.23M
Orocobre Ltd ORE AT  5.76 0.18 3.23% 1.03M
BlueScope Steel Ltd BSL AT  17.53 0.5 2.94% 1.92M
Xero Ltd XRO AT  41.09 1.04 2.60% 475.90k

 

Underperformers Ticker Price Chg % Chg Volume
Pendal Group Ltd PDL AT  9.05 -0.63 -6.51% 881.65k
Orica Ltd ORI AT  19.00 -1.29 -6.36% 2.24M
Syrah Resources Ltd SYR AT  3.14 -0.16 -4.85% 2.11M
Platinum Asset Management Ltd PTM AT  5.60 -0.24 -4.11% 1.36M
carsales.com Ltd CAR AT  14.28 -0.48 -3.25% 857.96k