MARKETS

FMCGs, banks lead as equities rally N765b gain in Q3

Investors in fast-moving consumer goods (FMCGs) companies and banking stocks recorded above average gains in the third quarter as Nigerian equities sustained its bullish streak with a net capital gain of N765 billion within the three-month period ended September 30, 2017. Key indices at the Nigerian Stock Exchange (NSE) showed a largely positive third quarter, in spite of a sustained ...

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We will encourage more foreign investors this year, says Saudi Capital Market Authority head

RIYADH: Saudi Arabia intends to expand its stock market this year to attract more foreign investors, and seeks to become an international capital markets hub, Mohammed bin Abdullah bin Ibrahim Al-Kuwaiz, chairman of the Capital Market Authority (CMA), told ReutersQualified Foreign Investors (QFIs) were allowed to invest directly in Saudi stocks in 2015 and some qualification requirements were facilitated late ...

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Alexandria Real Estate Equities Inc Risk Points versus Real Estate

Alexandria Real Estate Equities Inc Risk Points versus Real Estate Alexandria Real Estate Equities Inc (NYSE:ARE) Risk Points versus Real Estate (XLRE) Date Published: 2017-10-1 PREFACE This is a scatter plot analysis of the critical risk points from the option market for Alexandria Real Estate Equities Inc (NYSE:ARE) compared to its own past and the ...

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1,610 items subjected to selective tax, states FTA

ABU DHABI: The number of commodities covered by the UAE’s selective taxation has been announced as 1,610 items, 60 per cent of which are classified as soft drink products, 26 per cent as tobacco and its derivatives, and some 14 per cent as energy drinks, all deemed as the most damaging to the public’s health. The Federal ...

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RBC Capital Markets covered Intertape Polymer Group Inc. (TSE:ITP), stepping up its target price to $29.00 today

Yesterday Intertape Polymer Group Inc. (TSE:ITP) traded 0.55% higher at $24.36. The company’s 50-day moving average is $20.22 and its 200-day moving average is $22.87. The last stock close price is up -20.43% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 268,740 shares of the stock were exchanged, up from ...

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RBC Capital Markets announced Marriott International MAR (NYSE:MAR), boosting its stock price target to $109.00 today

Yesterday Marriott International MAR (NYSE:MAR) traded 0.24% higher at $103.45. The company’s 50-day moving average is $102.54 and its 200-day moving average is $99.47. The last stock close price is up 10.85% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 3,558,745 shares of the stock were exchanged, up from an ...

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Bahrain is Eyeing at Becoming Middle East Pioneer in Blockchain

Bahrain, one of the major oil-producing country in UAE, is turning to digital currencies as part of their financial structure.  According to Khalid Al Rumaihi, the chief executive of the Economic Development Board of Bahrain, the adoption of digital currencies in the system of Bahrain had been suggested over time through the finance ministry of the country. This has lead ...

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digital transaction: Digital drive gaining steam: Currency circulation declines during festive season, says RBI data

MUMBAI: The government’s demonetisation-led digital push may be bearing fruit. For the first time in more than a decade, the amount of currency in the hands of people has shown a contraction during the festive season, according to Reserve Bank of India (RBI) data. Currency in circulation has dipped in three weeks out of the five to September 22. In ...

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RBC Capital Markets disclosed Hilton Worldwide Holdings (NYSE:HLT), upping its target price to $71.00 today

Yesterday Hilton Worldwide Holdings (NYSE:HLT) traded 0.13% higher at $66.57. The company’s 50-day moving average is $63.52 and its 200-day moving average is $61.88. The last closing price is up 12.23% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 7,072,171 shares of the stock were exchanged, up from an average ...

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Update on Federal Partners Supporting Survivors in U.S. Virgin Islands – United States Virgin Islands

Release date: September 30, 2017Release Number: HQ-17-152 WASHINGTON – Since Hurricane Maria impacted the U.S. Virgin Islands, the Federal Emergency Management Agency (FEMA) and its federal partners continue to work in support of the Islands. Efforts remain underway to gain access to ports, airports and roadways, save and assist lives during search and rescue operations, assess all hospitals, and move ...

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