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13 October 2022: Stocks making the biggest moves

Market Movers | Trading Dashboard

United States

Top Sector Gainers

SectorGainRelated News
Beverages: Non-Alcoholic+2.16%PepsiCo hikes forecast after higher pricing helps boost revenue

PepsiCo Inc (PEP US)
Other Consumer Services+1.80%Economic worries loom over U.S. airline earnings

Airbnb Inc (ABNB US)
Biotechnology+1.34%Why Moderna Stock Is Bolting Higher Today

Moderna Inc (MRNA US)

Top Sector Losers

SectorLossRelated News
Electric Utilities-2.88%U.S. home heating bills expected to surge this winter -EIA

NextEra Energy Inc (NEE US)
Wireless Telecommunications-1.96%CPI data set to show U.S. inflation remained near a 40-year high in September

T-Mobile US Inc (TMUS US)
Chemicals: Specialty-1.46%Archer-Daniels-Midland: There Are Better Places To Invest Your Money

Air Products and Chemicals Inc (APD US)
  • Moderna Inc (MRNA US) surged 8.28% after the drug maker announced it will partner with Merck to jointly develop and sell a cancer vaccine. Moderna’s vaccine is being studied in combination with Merck’s Keytruda to treat patients with high-risk melanoma in a Phase 2 trial.
  • Norwegian Cruise Line Holdings Ltd (NCLH US) rose 11.61% after UBS upgraded the cruise operator to a buy and said its shares can rally 30% given the significant improvement in bookings in its third-quarter preview. Competing stocks Royal Caribbean Cruises Ltd (RCL US) added 11.48%, and Carnival Corp (CCL US) gained 10.09%.
  • Koninklijke Philips NV (PHG US) fell 11.67% to a 52-week low after it said third-quarter core profit would be down about 60% from last year. The health tech company also reported a hit of about $1.3 billion to the value of its respiratory care offering.

Singapore

  • AEM Holdings Ltd (AEM SP) and UMS Holdings Ltd (UMSH SP) shares fell 6.4% and 3.3% yesterday respectively. Asia’s top chip stocks continue to tumble, ensnared by the US Commerce Department imposing systematic semiconductor export restrictions on dozens of Chinese companies and research institutions. The Biden administration measures will erect barriers of entry to China’s market by limiting the ability of US firms to sell equipment and tech to their Chinese counterparts.
  • Leader Environmental Technologies Ltd (LET SP) shares climbed 14.5%, after announcing on Tuesday that it was entering into an investment agreement for up to US$15 million redeemable zero-coupon convertible bonds.
  • Golden Energy & Resources Ltd (GER SP) and Geo Energy Resources Ltd (GERL SP) shares rose by 2.2% and 2.6% yesterday respectively. Coal prices rose by 4.65 USD/T on Wednesday amid signs that coal supplies will be sufficient to meet winter demand in both Europe and Asia. With Europe expected to ban all imports of coal from Russia, there is still the likelihood that the continent will have to draw more cargoes away from Asia, but it is also possible that Atlantic basin exporters, can ramp up shipments. In Asia, major importers are showing mixed trends, with wealthier countries still willing to pay higher prices, but less developed ones importing less of the polluting fuel.

Hong Kong

Top Sector Gainers

Sector

Gain

Related News

Software

+0.66%

Chinese smart robots stand by for service bells

SenseTime Group Inc (20 HK)

Alcoholic Drinks & Tobacco

+0.65%

China Liquor Stocks Pare Losses as Drinking Ban Speculation Swirls

Budweiser Brewing Company APAC Ltd (1876 HK)

Automobiles & Components

+0.54%

China’s automobile market continues rapid expansion

BYD Co Ltd (1211 HK)

Top Sector Losers

Sector

Loss

Related News

Gamble

-2.50%

China steps up anti-COVID measures in megacities as infections mount

Galaxy Entertainment Group Ltd (27 HK)

Conglomerates

-2.05%

Investors keep dumping Alibaba, HSBC as Hong Kong stocks limp, Beijing hardens zero-Covid stance and UK roils global markets

CITIC Ltd (267 HK)

Travel & Tourism

-1.93%

China steps up anti-COVID measures in megacities as infections mount

Trip.com Group Ltd (9961 HK)

  • Hua Hong Semiconductor Ltd (1347 HK) Shares rose 9.3% yesterday. On October 11, the “Shanghai Action Plan for Building Future Industrial Innovation Highlands to Develop and Expand Future Industrial Clusters” was issued, which requires the active deployment of wide-bandgap semiconductor wafer manufacturing process technology. Hua Hong Semiconductor is one of the main foundry entities under Hua Hong Group, a state-owned holding company in Shanghai. According to the official website, Hua Hong Semiconductor currently has three 200mm fabs in Shanghai Jinqiao and Zhangjiang, with a monthly production capacity of about 180,000 wafers.
  • Smoore International Holdings Ltd (6969 HK) Shares climbed 9.2% yesterday. On October 10, China Merchants Securities pointed out in the Q3 performance forecast report that it is optimistic about the core competitiveness created by Smoore International’s R&D department. Last week, Morgan Stanley pointed out in the Asia-Pacific and Emerging Markets Strategy Update report that Smoore International and others are potential stocks that have rebound potential. In September, the company’s management and controlling shareholders collectively increased their holdings, costing a total of about HK$200 million.
  • AIM Vaccine Co Ltd (6660 HK), Zhejiang Leapmotor Technology Co Ltd (9863 HK) and Yum China Holdings Inc (9987 HK) Shares tumbled 45.4%, 5.8% and 6.5% respectively yesterday, as China hardened its position on zero-Covid policy ahead of the Communist Party’s national congress. Sentiment worsened after the Bank of England said it would end emergency bond-buying this week. The Hang Seng Index slipped 0.5 percent to 16,755.12 at 3.29 pm local time, the lowest level since October 2011, after earlier losing as much as 2.3 percent. The Hang Seng Tech Index overturned a 3.3 percent slide, while the Shanghai Composite Index advanced 1.5 percent.

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Trading Dashboard Update: Cut loss on TSingtao Brewery (168 HK) at HK$70. Add Rex International (REXI SP) at S$0.24 and China Resources Power (836 HK) at HK$12.8.

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