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Market Buzz- 6th December 2017

Dec 06, 2017

US stocks pointed lower as industrial share dragged down the S&P while traders weighed the latest developments in the US tax overhaul.

Industrial metals tumbled, with copper suffering the biggest decline in 3 years with the prospect of slower Chinese demand

 

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Market Buzz- 4th December

Dec 04, 2017

Asian stock markets were mostly higher on Monday, with U.S. politics in focus. Investors are digesting the U.S. Senate's passage of the tax bill and implications of the guilty plea by President Donald Trump's former U.S. national security adviser. Japan's Nikkei 225 dipped 0.2% to 22,774.38 while South Korea's Kospi added 0.3 % to 2,484.30. Hong Kong's Hang Seng index rose 0.5 % to 29,230.85 and the Shanghai Composite Index was flat at 3,318.40

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Market Buzz- 1st December 2017

Dec 01, 2017

Asian stock markets were marginally higher Friday, after an overnight recovery of technology stocks on Wall Street. An agreement among key crude exporting countries to extend oil production cuts also boosted sentiment. Japan's Nikkei 225 was flat at 22,724.11 while South Korea's Kospi rose 0.2% to 2,480.42. Hong Kong's Hang Seng index slipped 0.1% to 29,158.26 and China's Shanghai Composite Index lost less than 0.1 % to 3,316.50. Australia's S&P/ASX 200 gained 0.2 % to 5,981.20.

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Market Buzz- 29 November 2017

Nov 29, 2017

Bitcoin broke the $10,000.00 level for the first time last night and is currently trading at $10,891.00. That is up from just under $1,000.00 in January this year or about1100% higher. How high can it go?

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Market Buzz - 22nd November 2017

Nov 22, 2017

Asian stocks rose Wednesday after Wall Street hit new highs ahead of the two-day U.S. break for the Thanksgiving holiday. The Shanghai Composite Index rose 0.5% to 3,427.66 and Tokyo's Nikkei 225 gained 0.7% to 22,579.18. Hong Kong's Hang Seng advanced 0.9% to 30,087.73 and Sydney's S&P-ASX 200 added 0.6% to 5,996.90.

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Market Buzz- 21st November 2017

Nov 21, 2017

Stocks in Asia recovered some of their recent losses as traders put on hold concerns about U.S. tax reforms and European political issues in a holiday-shortened week in America. Treasuries were little changed after slipping on Monday.

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Market Buzz- 20th November 2017

Nov 20, 2017

Asian shares fell in muted trading Monday ahead of the Thanksgiving holidays in the U.S., as gloom carried over from Friday's retreat on Wall Street. Japan reported its exports rose 14 % in October from a year earlier on strong demand from China and the U.S. Japan's benchmark Nikkei 225 index lost 0.6% to 22,271.35. Australia's S&P/ASX 200 fell 0.2ercent to 5,946.60. South Korea's Kospi dipped nearly 0.2% to 2,529.40. Hong Kong's Hang Seng was down 0.1% at 29,186.16, while the Shanghai Composite index dropped 1.2% to 3,341.96. Japan's trade surplus fell more than 40 % in October

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Market Buzz- 16 November 2017

Nov 16, 2017

 

Asian stock markets were mostly firm and oil prices were steady, despite a second straight day of losses on Wall Street overnight. But analysts said it was too early to say risk sentiment was back after a day of heavy losses in Asia.

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Market Buzz- 14th November 2017

Nov 14, 2017

Asian shares were mostly lower on Tuesday as markets watched for tax reform developments in the U.S. and digested economic data from China. Japan's benchmark Nikkei 225 recouped earlier gains to end the morning session at 22,441.24, up 0.3 %. Australia's S&P/ASX 200 fell 0.9 % to 5,967.50. South Korea's Kospi edged down 0.2 % to 2,524.60

 

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Announcement- Sacos Group

Nov 09, 2017

The company would like to announce that Mr John Esther, CEO of Sacos has elected not to renew his contract, which ends on the 30th November 2017 in mutual agreement with the board of directors.

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Market Buzz- 9th November 2017

Nov 09, 2017

 

Japan's stock benchmark surged Thursday to its highest in more than a quarter century on the yen's weakness and healthy corporate earnings while other Asian markets were subdued. Japan's benchmark Nikkei 225 index rallied 2 % to 23,368.16, a level it hasn't matched since January 1992. South Korea's Kospi edged up 0.2 % to 2,556.61. Hong Kong's Hang Seng added 1 % to 29,182.28 but the Shanghai Composite in mainland China crept less than 0.1 % higher to 3,416.32. Australia's S&P/ASX 200 climbed 0.4 % to 6,041.40. Taiwan's benchmark fell and Southeast Asian indexes were mostly higher.

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Market Buzz- 7th November 2017

Nov 07, 2017

Asian stocks rose Tuesday after Wall Street posted modest gains. Turmoil in Saudi Arabia sent crude prices surging. Tokyo's Nikkei 225 rose 0.8percent to 22,729.23 and the Shanghai Composite Index advanced 0.6percent to 3,406.57. Hong Kong's Hang Seng gained 0.9percent to 28,868.82 and Sydney's S&P-ASX 200 rose 0.7percent to 5,995.10. Seoul's Kospi shed 0.1percent to 2,547.32. Benchmarks in Taiwan, Singapore and Jakarta advanced,

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Market Buzz - 3rd November 2017

Nov 03, 2017

Equities in Asia were mixed as investors assessed the latest news on U.S. tax-cut plans and looked ahead to Friday’s American jobs report. The Australian dollar took a hit and bond yields headed lower after retail sales data raised doubts about the strength of the economy. Apple Inc. supported Nasdaq futures after its forecast for holiday sales topped estimates and suppliers of the iPhone maker climbed in Asia.

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Market Buzz - 31st October 2017

Oct 31, 2017

Stocks retreated from their record highs on Monday, ahead of a frenetic week for markets. Investors are waiting to learn who the next head of the Federal Reserve will be, what several of the world's biggest central banks will decide on interest rates, and whether Apple and other big U.S. companies can keep piling their profits higher.

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Market Buzz- 30th October 2017

Oct 30, 2017

Asian stock markets were mixed Monday as investors waited to find out who U.S. President Donald Trump will pick to head the Federal Reserve. Tokyo's Nikkei 225 index lost 0.1percent to 21,995.15 and the Shanghai Composite Index shed 0.7percent to 3,392.03. Hong Kong's Hang Seng was flat at 28,448.81. Australia's S&P-ASX 200 rose 0.3percent to 5,922.20. Seoul's Kospi advanced 0.3percent to 2,502.59 and benchmarks in New Zealand, Taiwan and Jakarta also rose.Singapore declined.

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Market Buzz- 20th October 2017

Oct 20, 2017

  1. Dollar Gains, Treasuries Fall on U.S. Tax Hopes: Markets Wrap N.Z. dollar extends slide after Labour Party forms government.
  2. Yen declines as all eyes turn to Sunday’s Japan election.

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Market Buzz- 19 October 2017

Oct 19, 2017

• US stocks pointed slightly higher, with the Dow Jones rising the most in 5 weeks.
• Oil hovered around $52, Gold dropped below $1281 and the Yen traded below 113.

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Market Buzz- 18 October 2017

Oct 18, 2017

• US stocks were mixed, while the USD rose against most G10 counterparts on speculation the next Federal Reserve Bank chairman will be more hawkish i.e. favouring higher interest rates in the US.

• President Trump plans to announce his Federal Reserve Bank chairman nominee before he leaves 3 November for an 11-day trip to Asia.

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Market News

Oct 12, 2017

Asian shares were mostly higher taking their cue from the latest record highs on Wall Street. Strong earnings growth has supported major stock indexes this year, and some analysts said they expect third-quarter results to continue to outperform expectations. Meanwhile, the Federal Reserve signaled its confidence that the U.S. economy was strong enough to support further rate increases. “The Fed minutes indicated a positive outlook on the U.S. economy. That augurs well for global growth,” said Alex Wijaya, head of Southeast Asia for Axicorp Financial Services.

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Sacos Group Announcement

Oct 10, 2017

SACOS Group Ltd

Incorporated in the Republic of the Seychelles Registration Number 820521-1

ISIN Number: SC1311001004

Trop-X Share Code: SAC ("SACOS" or "the Company")

 

Market Announcement

 

Shareholders are advised that the company has requested a voluntary suspension of trade in its shares on Trop-X. This request has been granted.

 

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Weekly Financial Report

Sep 22, 2017

Is FEAR keeping you behind? Fear! As kids, we usually fear ghosts, darkness and thunderstorms. But, as we reach adulthood, our fears become more complex and often revolve around money matters. And because of these money-related fears, we usually tend to cringe at the thought of investing. Wealth-building isn’t something restricted to the ‘rich’/ those with a big pile of money; rather, it is something everyone should be doing. And when it comes to building wealth, decisions based on knowledge and wisdom are essential. However, a lot of people are still sceptical about investing, especially here in Seychelles.

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Monthly Report August 2017

Sep 11, 2017

We are often hearing the words Blue Economy these days. Well here is your chance to invest and benefit from the blue economy, which is simply defined as “the use of the sea and its resources for sustainable economic development,”

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MONTHLY NEWSLETTER - MARCH 2017

Mar 07, 2017

Seychelles Market In February, we saw SCR5,624,098.00 worth of shares traded on Trop-X, most trades being in Seychelles Breweries Ltd. Share prices on all counters were unchanged on the month.

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Major U.S. stock indexes set records again Tuesday

Dec 14, 2016

Asian markets sluggish start largely ignoring Western moves. Overnight Italian banks shone on well received capital raising from UniCredit. DOW closes in on 20,000. Energy led in a delayed reaction to weekend Oil moves and a report by the IEA says if production cuts happen it could wipe out the Oil surplus in the market.

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OPEC agrees to cut oil production

Nov 30, 2016

Asian equities rallied the most in three weeks as a deal to cut global oil output lifted energy shares, while evidence of strength in the U.S. economy sank bonds and supported the dollar.

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Compromise Failure for OPEC Officials

Nov 29, 2016

Asian stocks fluctuated after a three-day rally as investors adopted a cautious tone ahead of key events from OPEC talks to the U.S. jobs report and Italy’s referendum. The MSCI Asia Pacific Index rose 0.1% after erasing gains earlier in the day. Japan’s Topix index was little changed after a 12-day surge.

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Chinese stocks in Hong Kong headed for a seven-week high

Nov 27, 2016

Asian stock markets were mixed Monday after oil prices slid on unease about this week's meeting of OPEC member to discuss possible output cuts. Chinese stocks in Hong Kong headed for a seven-week high as railway companies advanced. A measure of small-cap companies in Hong Kong rose after regulators announced the start date for a trading program between Hong Kong and Shenzhen

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Index Close To New 11 Month High

Nov 20, 2016

Asia: Quiet start to Thanksgiving Week in a data light week with Asian indices slightly squeezing higher as EEM outflows halt. On Friday US stocks, slightly lower with DXY 101.39 surge continuing hitting a 13-year.

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Financials, Energy and Discretionary worst sectors

Nov 17, 2016

Asian markets mixed on small moves as turnover in the US shrinks. Overnight deja vu with Financials again lower on Broker downgrades. Telcos higher and FANGs bounces for the second days with AAPL +2.7% on talk of 3 models of the iPhone8. Dark commodities lower following China pm selloff.

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Yen may rebound to 100 on Trump risks

Nov 16, 2016

The yen’s swoon after Donald Trump’s shock election win has turned the developed world’s strongest currency into its weakest performer. Macro Currency says it has also opened up an enticing buying opportunity.

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Buffet declares stakes in Delta and American

Nov 15, 2016

Asian markets steadier and mixed. Overnight Equities were quieter but DXY topped 100 and is slipping in Asia. US 10y yields touched 2.26% but lower here to 2.20% as bonds now cheapest to equities in a year and a report calling for 2.5% by end 1Q before finishing the year back at 1.355 getting attention. Transports +2% after Buffet declares stakes in Delta and American.

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Donald Trump Victorious

Nov 09, 2016

Asian regain all of yesterday’s losses with portfolios being rotated from Yield to Cyclicals. Overnight US stocks closed higher after 1000-point swing intraday on the Dow futures.

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US Election Day

Nov 08, 2016

Election Day and Asian markets tread water ahead of the polling booths opening. Latest poll shows Clinton leads by 4 points. Overnight US stocks saw their largest gains in 8 months after Clinton email investigation ends

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FBI Dropping Email Investigation

Nov 07, 2016

Asian markets bounce on news this morning that the FBI will be dropping the Clinton email investigation. SPX saw its longest streak of losses for 30 years, closing again lower on Friday, but only -3% has been retraced over that time. Payrolls Friday slightly below but average hourly wages rose increasing the likelihood of a rate hike in December.

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Oil drops to five-week low

Nov 04, 2016

Asian markets mixed with some safe haven buying into the large capitalization shares, TSMC, Samsung and China Mobile. Overnight US stocks matched a 20 yr record 8 down days in a row.

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Trump Leading In Latest Polls

Nov 02, 2016

Asian markets generally -1% after latest poll shows Trump leading. Overnight US stocks fell but Dow rallied back above 18,000 to halve the losses. Vix +9% surges on poll, but was above 20 at one stage. DXY falls nearly -1% and investors choose Gold and CHF safety

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Stock Market News

Oct 31, 2016

International stock markets provided impressive returns for the third quarter of 2016, surpassing those of two widely recognized U.S. stock market indices being the the S&P 500 Index and the Dow Jones Industrial Average. The S&P 500 Index finished the quarter with a gain of 3.85% allowing for a year-to-date gain of 7.84% and the equally U.S.-oriented Dow Jones Industrial Average (DJIA) closed Q3 with a gain of 2.78% allowing for a year-to-date gain of 7.21% as of the end of the third quarter of 2016.

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