The stock market today: the mixed dynamic upsets brokers

Stock markets today do not show large amounts of trades

In brief: The stock market today show a quiet momentum trading is sluggish. The overall trend does not please bulls, trading volumes are small.

The stock market today doesn’t grow and does not fall because of news lack from the U.S.. At Monday, May 31, the major stock Asia indexes have demonstrated mixed dynamics with a predominance of positive component. The increased rating of the shares of Japanese Astellas Pharma analysts Mizuho Securities leaders of growth were the representatives of the pharmaceutical sector.

The mood of investors was partly overshadowed by news from Europe where agency Fitch downgraded the credit rating of Spain. It published statistics on Japan and India, not dotyanuvshie to analysts, could not divert the indices of these countries in the negative area. Thus, according to preliminary data, industrial production in Japan rose in April by 1,3% m / m, is expected to grow by 2,5%. India’s GDP in the fourth quarter increased by 8,6% y / y, with the expected increase in at 8,7%. As a result of regional trading indicator MSCI Asia Pacific showed a decrease of 0.1% and closed at 113.34 points. Japan’s Nikkei 225 grew at 0.06%, the Australian S & P / ASX 200 fell by 0.62%, South Korea’s Kospi was “difficult” to 1.14%, Chinese CSI 300 index fell by 2,7%.

The second-largest in Japan pharmacist Astellas Pharma has added to its asset 1,7% due to higher ranking it shares with the “worst of the market” to “neutral” by analysts Mizuho. Experts noted that the company’s financial results will improve in the fiscal year to end in March 2012 partly due to increased demand in emerging markets and putting in new line of products. Quotations of another representative Takeda Pharmaceutical industry increased by 1.2%.

Market capitalization is more than one company was under the influence of analysts’ estimates. For example, a Japanese cosmetics manufacturer Kao added to its asset 3.8% after Merrill Lynch analysts raised their rating of its shares to “neutral” to “buy”, saying that the company will achieve a level of profit forecasts. South Korea’s largest advertising company Cheil Worldwide added to my active 5% by increasing the rating of its securities from “neutral” to “buy” by analysts Credit Suisse Group. Quotations commodity companies declined because of falling value of Commodities. For example, shares the world’s largest representative of the mining sector BHP Billiton sank 1.9%, while securities Rio Tinto Group lost 1.6% of the cost. China’s largest copper producer Jiangxi Copper and the unit is the second largest in the country steelmaker Baoshan Steel abated from its asset 4,3% and 2% respectively. Exchange of China have been influenced by rumors of a possible tax on property of persons without a residence permit, as well as those who have not filed income tax for three years or more. Against the background of these news quotes developers China Vanke, Poly Real Estate and Gemdale fell by 3%, 3,4% and 4,3% respectively.

Pavel Migin
2010-05-31 13:05, Economics.

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