INGOT Brokers Australia | Asian market report (2017-05-22)

Asian market report (2017-05-22)

Asian equity markets witnessed their biggest daily gain in one month after the modest gains in the US Friday’s trading session despite the geopolitical concerns the rose from the weekend missile test by North Korea.

 

The Japanese Stock Exchange:

The Japanese Nikkei 225 stock index gained 0.45 percent or 87.52 points settling at 19678.28 led by gains in Financials, Energy and Basic Materials sectors.

Today’s gainers nearly outnumbered the losers by almost three to one, with 157 gainers, 55 losers and 13 flat.

The best performers of the session on the Nikkei 225 were, SOMPO Holdings Inc rising by 4.27%, Kubota Corp adding 71 points and Comsys Holdings Corp settling 3.84% up at to 2380.

The worst performers of the session on the Nikkei 225 were, Advantest Corp falling by 1.56%, Showa Shell Sekiyu KK dropping 13 points and Toshiba Corp ended 1.08% lower at 230.

Toshiba's US nuclear arm Westinghouse Electric indicated that it would lockout 172 union members as contract negotiations had reached an impasse, which sent its shares falling on Monday’s trading session.

 

Australia Stock Exchange:

The Australian ASX 200 index rose by 0.76 percent or 43.796 points to close at 5771.40, slightly below its session’s high, this gain was led by Basic Materials, Utilities, Energy and Telecommunications Services gains.

Today’s gainers almost outnumbered the losers by nearly three to one, with 134 gainers, 50 losers and 16 unchanged.

The best performers of the session on the ASX 200 were, Galaxy Resources Ltd surging by 7.59%, Western Areas Ltd adding 0.14 points and Sims Metal Management Ltd ended 5.14% higher at 13.09

The worst performers of the session on the ASX 200 were, APN Outdoor Group Ltd falling by 5.79%, Asaleo Care Ltd losing 0.045 points and Virtus Health Ltd closing 2.64% lower at 5.890

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