Top Sector Gainers
|Telecommunications Equipment||+3.53%||Apple Rallies Most Since May on Strong iPhone Pre-Order Data|
Apple Inc (AAPL US)
|Internet Retail||+2.48%||Amazon Shares Get Back to Their Winning Ways|
Amazon.com Inc (AMZN US)
|Oil & Gas Production||+2.37%||Oil prices edge higher on worries over tighter supply|
EOG Resources Inc (EOG US)
Top Sector Losers
|Chemicals: Agricultural||-2.74%||Coal, Lumber and Food Under Threat by Potential US Rail Strike|
CF Industries Holdings Inc (CF US)
|Home Improvement Chains||-0.34%||Down 28% This Year, Is Home Depot Stock A Buy?|
Home Depot Inc (HD US)
- Gilead Sciences Inc (GILD US) rose 4.2% after the biopharmaceutical company revealed it settled a patent case over its HIV therapies with five generic drugmakers.
- Twitter Inc (TWTR US) slipped 1.8% after the company said in a regulatory filing that Elon Musk’s latest attempt to cancel the deal to buy the social media group is invalid. Most recently, Musk attempted to terminate the purchase citing Twitter’s treatment of a whistleblower.
- Carvana Co (CVNA US) surged 15.5% after it was upgraded to overweight from neutral by Piper Sandler. Analyst Alexander Potter called the stock “grossly undervalued” and believes Carvana could double from current levels.
- Bristol-Myers Squibb Co (BMY US) popped 3.1% after the U.S. Food and Drug Administration approved Bristol-Myers’ oral treatment for plaque psoriasis known as Sotyktu.
- Alphatec Holdings Inc (ATEC US) jumped 10.2% after Morgan Stanley initiated coverage of the medical technology company with an overweight rating. According to the firm, Alphatec outpaces peers and has “significant runway” head for double-digit revenue growth in the spine surgery space.
- Nippecraft Ltd (NIP SP) rose 39.1% yesterday. There was no company specific news. Singapore stocks climbed in early trade on Monday (Aug 12) following a slight rebound in the US market on Friday.
- First Resources Ltd (FR SP) rose 6.9% yesterday. On 9 September, the company purchased 1,000,000 shares in a share buy back to be held as treasury shares. The shares were purchased at a total of SGD 1,448,976.78, with price per share between SGD 1.44 to SGD 1.46.
- Marco Polo Marine Ltd (MPM SP) rose 5.0% yesterday. Singapore stocks climbed in early trade on Monday (Aug 12) following a slight rebound in the US market on Friday. Marine logistics group Marco Polo Marine was among the top traded counters by volume on Monday, gaining 5 per cent or S$0.002 to S$0.042 as 3 million shares were traded.
- Yangzijiang Shipbuilding Holdings Ltd (YZJSGD SP) continued to climb 3.7% yesterday. It will be able to start building large LNG vessels after entering into a technical assistance and licence agreement with French naval engineering company GTT. LNG vessels are vessels used for carrying liquefied natural gas. GTT has technological expertise in containment systems with cryogenic membranes and its membranes have been widely chosen as the cargo containment and insulation system for the large LNG carriers, onshore and offshore applications. YZJ received the GTT licence after successfully completing a qualification process, including the construction of a membrane module and an audit by GTT and the ship classification societies. commencing in March 2022. It was completed in “record time”, despite delays due to the Covid-19 restrictions in China.
- Nanofilm Technologies International Ltd (NANO SP) rose 3.% yesterday. UOB Kay Hian has recently added Nanofilm to its alpha picks portfolio for the month of September. The addition comes as the team believes Nanofilm’s new product launches and market expansions will lead to a strong 2HFY2022. In August, the team’s alpha picks portfolio outperformed the STI, increasing by 2.9% on a market cap weighted basis compared to the market’s 0.3% increase.
Top Sector Gainers
WuXi Biologics (Cayman) Inc (2269 HK)
JS Global Lifestyle Co Ltd (1691 HK)
Property Management & Agency
Country Garden Services Holdings Co Ltd (6098 HK)
Top Sector Losers
Textile & Apparels
ANTA Sports Products Ltd (2020 HK)
Telecomm. & Networking Equipment
Xiaomi Corp (1810 HK)
Automobiles & Components
NIO Inc (9866 HK)
The Hong Kong market is closed yesterday in observance of a public holiday, Mid-Autumn Festival. The market will reopen on 13 September, Tuesday.
Trading Dashboard Update: No stocks additions/deletions.