Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය

Latest topics

» coco.x share
by lakmal87 Yesterday at 10:45 pm

» නොමිළේම ඩොලර් (free $ 5 ) tokens
by cseguide Yesterday at 7:58 pm

» For Miss Sangeetha
by Neluka Karannagoda Yesterday at 12:59 pm

» S&P upgrades DFCC Bank’s rating outlook from Negative to Stable
by TraderCSE Yesterday at 9:23 am

» CFVF will HIT. 40 BY Next. Thursday
by Yahapalanaya Thu Dec 14, 2017 10:50 pm

» Moody’s affirms ratings of three Sri Lankan banks; maintains negative outlook
by Miss-Sangeetha Thu Dec 14, 2017 8:39 pm

» Tea prices up and up.Plantation shares down and down!
by fortuneteller Thu Dec 14, 2017 3:04 pm

» best stocks to buy now
by Ryan Hudson Wed Dec 13, 2017 9:23 pm

» Current situation of the Adam group of companies
by anges Wed Dec 13, 2017 5:36 pm

» Avoid investing in Abans Group company shares
by fortuneteller Wed Dec 13, 2017 9:11 am

» People's Leasing Company
by prasa2004 Tue Dec 12, 2017 6:51 pm

» SDB - AN IMPRESSIVE PERFORMANCE
by prasa2004 Tue Dec 12, 2017 5:43 pm

» Beware of banking stocks
by prasa2004 Tue Dec 12, 2017 5:40 pm

» CEYLON COLD STORES PLC(CCS.N0000)
by Agape Tue Dec 12, 2017 2:49 pm

» Lanka Cement
by sureshot Tue Dec 12, 2017 11:09 am

» Roshan Egodage's Money Grabbing
by Investor1994 Mon Dec 11, 2017 7:10 pm

» CIFL ANY NEWS
by Gambino7 Mon Dec 11, 2017 12:13 pm

» CFT share එක මොනව හරි දෙයක් වෙනව වාගෙ.
by sameboy Sun Dec 10, 2017 6:43 pm

» BFN .. ORIENT FINANCE PLC
by Teller Fri Dec 08, 2017 10:52 pm

» Sri Lanka Exports up 12.9-pct in Sept
by Teller Fri Dec 08, 2017 10:38 am

» DECEMBER DISCOUNT
by Teller Fri Dec 08, 2017 10:30 am

» LLMP - New Strategic Marketing >>> Boooom
by Teller Fri Dec 08, 2017 10:27 am

» Why LLUB.N0000 going down ?
by Teller Fri Dec 08, 2017 10:20 am

» LDEV rights
by Teller Fri Dec 08, 2017 10:16 am

» SAMP Rights Issue
by niru Thu Dec 07, 2017 8:04 pm

HashFlare

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market News » Tokyo stocks soar after Japan Post IPO

Tokyo stocks soar after Japan Post IPO

View previous topic View next topic Go down  Message [Page 1 of 1]

1 Tokyo stocks soar after Japan Post IPO on Wed Nov 04, 2015 12:56 pm

peacockman


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Tokyo stocks soar after Japan Post IPO — biggest since Alibaba
flower  Published: Nov 4, 2015 1:14 a.m. ET  flower



Japan shares led Asian markets higher Wednesday, as shares of state-owned Japan Post Holdings Co. and its financial units jumped more than 15% in their trading debut.

The initial public offering of the listings together mark the world’s biggest since the debut of Alibaba Group Holding Ltd. in September 2014.

The Nikkei Stock Average NIK, +1.30%  gained 1.7%, catching up with gains in most of the region on Tuesday, when Japan markets were closed for a holiday.



Australia’s S&P/ASX 200 XJO, +0.06%  was up 0.7% while Hong Kong’s Hang Seng Index HSI, +2.20%  rose 0.8%. The Shanghai Composite SHCOMP, +4.31%  was up 0.7%.

Japan Post, the government agency that has been delivering mail in Japan since the 19th century, is tapping the value of its portfolio by selling 11% of its shares in an IPO. The holding company in turn is selling 11% of the shares of its banking and insurance units.

Shares of Japan Post Holdings last traded at ¥1,642 ($13.55), 16% above the premarket IPO price of ¥1,400. Shares of Japan Post Bank and Japan Post Insurance were up 14% and 43%, respectively, above their IPO prices.

Interest from retail investors, lured by the high dividend yield and familiar name, underpinned the strong stock-market reception. Last month, the offerings were priced at the top of their proposed range.

The news bodes well for Prime Minister Shinzo Abe, who is counting on a successful listing to persuade Japanese investors to rotate more of their bank savings into stocks.

“[The trading of Japan Post] will be a bellwether for the corporate environment in Japan, which is a reflection of the policy measures,” said Atul Lele, chief investment officer at Deltec International Group.

The region extended a rebound from Tuesday, when the Australian market had snapped six-straight days of losses and analysts pointed to some stability in the Chinese economy.

A signal that the European Central Bank stands ready to take more accommodative action also lifted sentiment. Overnight, ECB President Mario Draghi said its asset-purchase program was proceeding smoothly, but underscored the central bank’s willingness to do more. In October, Draghi had said the central bank might announce further measures as soon as December.

Investors also assessed a private gauge of China’s services activity, released earlier Wednesday, which rose to 52.0 in October from 50.5 the previous month. The 50-level distinguishes expansion from contraction in activity.

On Tuesday, President Xi Jinping suggested Beijing could tolerate growth as low as 6.5%, according to the official Xinhua News Agency. It was the strongest signal yet that the government expects the world’s second-largest economy to shift to a slower pace.

Overnight, U.S. stocks extended their gains, boosted by energy-company shares................................
...................................



see more at : http://www.marketwatch.com/story/tokyo-stocks-soar-after-japan-post-ipo-biggest-since-alibaba-2015-11-04

View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum