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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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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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