Stock Market

Urbanisation drive raises new worries

Property sales and prices have risen as Beijing's urbanisation plan raises hopes that more homes will be built. Photo: Bloomberg

Beijing's urbanisation pledge has fuelled a surge in the mainland stock market since late last year.

Wednesday, 23 January, 2013, 3:55am

Developers extend rally amid absence of curbs

Midland is also among the beneficiaries from Leung Chun-ying's policy address. Photo: Edward Wong

Shares of property developers continued to climb yesterday after Wednesday's gains on relief that no harsh cooling measures were announced in the annual policy address by chief executive.

Cheung Kong, Sun Hung Kai Properties and Henderson Land Development rose between 0.5 per cent and 1 per cent as analysts expected home sales transactions to pick up now.

18 Jan 2013 - 5:27am

Fall in share prices triggers buying spree by directors

CLP is one of the four stocks that recorded heavy insider purchases in the past week. Photo: David Wong

Directors were active during the holiday-shortened week of December 31 to January 4 with 158 transactions worth HK$323 million. The figures were up from the previous week's three-day totals of 149 trades worth HK$213.9 million.

7 Jan 2013 - 5:54am

The Week Explained: Media reporting

Are you getting all of this?

Do you find investment reporting in the media confusing? I do, even though I've been doing it for too long. So here are some tips to make sense of what you see and read.

7 Jan 2013 - 4:31am

Hong Kong listing on the cards for China Vanke

Hong Kong listing on the cards for China Vanke

China Vanke, the biggest developer by market value traded on the mainland's exchanges, may be planning to convert its foreign-currency denominated shares for a listing in Hong Kong, according to Credit Suisse.

27 Dec 2012 - 1:59am

Power projects give wind firms lift

The NDRC has approved four wind power projects.

Two wind power companies were among the biggest gainers on the Hong Kong stock exchange yesterday, after the National Development and Reform Commission (NDRC) approved four wind power projects totalling 57.2 billion yuan (HK$71.1 billion).

21 Dec 2012 - 3:46am

Wrong about the stock market, right about government idiocy

Rising fortunes

This will be the last Monitor of 2012, so it's a good time to look back at the past year and see what the column got right, where I went wrong, and whether there are any lessons to be learned for 2013.

The first lesson is that if a newspaper columnist is dumb enough to make predictions on a regular basis, then some of them are going to be wrong.

18 Dec 2012 - 2:33am 2 comments

Buying by directors loses momentum

Buying by directors loses momentum

Insider buying by directors slowed last week after rising for two weeks.

Selling was also down, based on regulatory filings made to the stock exchange for the second week of December.

17 Dec 2012 - 5:31am

Monti plays down fears as market slumps

Italian Prime Minister Mario Monti. Photo: Xinhua

Italian Prime Minister Mario Monti yesterday played down market fears over his decision to resign, saying there was no danger of a vacuum ahead of an election in the spring.

"Markets should not fear a vacuum of decision making in Italy," he told a press conference in Oslo where he attended the Nobel peace prize ceremony.

11 Dec 2012 - 3:36am

Heavy purchases by Lifestyle director Thomas Lau lead buying spree

Thomas Lau

Buying by directors rose for a second week, based on filings on the exchange in the first week of December, with 27 companies that recorded 129 purchases worth HK$319.3 million. The figures were up from the previous week's 22 companies, 122 purchases and HK$87 million.

10 Dec 2012 - 7:18am

Incentive talk stops panic sell-off in Shanghai stock market

A reduction in the reserve ratio would free up cash that could be invested in the market, underpinning share prices.

The mainland stock market crashed through a psychologically important level yesterday before a rumour about an incentive policy helped it recover early losses to finish higher.

22 Nov 2012 - 4:08am

The Week Explained: Polls and Share Prices

Shares drop an average of 1 per cent after a Democratic win. Photo: Reuters

Demoralised Republicans had one piece of good news as results poured in confirming a second term in office for US President Barack Obama. They said before the election that a win for Obama would be bad for the stock market and, indeed, share prices tumbled, sending the S&P 500 index below the 13,000 mark. The market then perked up, but has slumped again.

19 Nov 2012 - 1:54am

Fear not the retail investor - for now

Fear not the retail investor - for now

Institutional investors were most welcome, he [CSRC chairman Guo Shuqing] said, as they were more mature and had more expertise than individuals, who make up 84 per cent of the mainland's stock market participants and whose irrational transactions exacerbated price fluctuations.

SCMP, November 12

15 Nov 2012 - 5:02am 1 comment

Sharp shares up on Intel deal report

Sharp shares jumped on a reported Intel stake sale.

Shares in Sharp, Japan's largest maker of liquid-crystal displays, rose the most in more than two months in Tokyo after Kyodo News said the company was in final talks to sell a stake to Intel.

15 Nov 2012 - 6:57am

Dashboard trading straight to market

Etrade Financial vice-president, Asia-Pacific, Helen Chan, says Hong Kong's investors can use her firm's online platform to trade on US markets. Photo: Jonathan Wong

Etrade offers investors direct access to buy and sell online with no third party execution, writes Anna Healy Fenton.

19 Nov 2012 - 1:27am