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Aug 9, 2011

STOCK, Shares, NYSE News, Aug 09, 2011


'Pak stocks attractive as growth overshadows crises'
Pakistan Daily Times
Samad's Rs 650 million ($7.5 million) Atlas Stock Market Fund outperformed all Pakistan's 30 equityfunds, according to Invest Capital Markets Ltd. The fund returned 40% in 12 months ended June 30 and beat 29% return of benchmark Karachi Stock Exchange ...
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Foreign Funds Sell Net 16.1 Billion Rupees of Indian Equities
Bloomberg
They sold a net 4.53 billion rupees of bonds, reducing their flows into debt this year to 142.4 billion rupees. Overseas investors bought a record 1.33 trillion rupees of shares in 2010, helping fuel a 17 percent rally in the Bombay Stock Exchange's ...
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Dow plunges more than 634 points after downgrade
Beaumont Enterprise
A total of 9.9 billion shares traded, and about 70 stocks fell for every one that rose on the New YorkStock Exchange. Stock markets in Asia began Monday's global rout. The main stock index fell almost 4 percent in South Korea and more than 2 percent ...
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Argentine Stocks, Bonds Hurt By Global Selloff; Merval -10.7%
Wall Street Journal
The volume of shares traded on the Buenos Aires Stock Exchange totaled ARS101.5 million ($24.4 million) during the session. The Global X FTSE Argentina 20 ETF, which tracks shares of Argentine companies listed on international markets, fell 7% to close ...
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Certain DWS Closed-End Funds Declare Monthly Distributions
MarketWatch (press release)
There is a one-time public offering and once issued, shares of closed-end funds are sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to the net asset value. The price of a fund's shares is ...
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GLOBAL MARKETS-Investors flee stocks for bonds on US downgrade
Reuters
The selling came in heavy trading, with volume of 17.5 billion shares on the New York Stock Exchange, NYSE Amex and Nasdaq, second only to the day after last year's sudden "flash crash." Investors took shelter in the asset that was downgraded ...
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Markets fluctuate as uncertainties persist
Livemint
The 50-share Nifty of the National Stock Exchange (NSE) recovered from an intraday low of 5054.05 points to close at 5118.50, down 1.78%. All major Asian indices ended in the red, with the Shenzen SE Composite Index declining 4.43% to top the losers. ...
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Biz Break: Downgrade 'fallout' -- stocks fall as investors get out of the market
San Jose Mercury News
By Jeremy C. Owens A trader works on the floor of the New York Stock Exchange during afternoon trading on August 8, 2011 in New York City. After Standard & Poor's downgraded US debt from AAA to AA+ late Friday, all eyes were on Wall Street to see the ...
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Indian Rupee Slips To Five-Week Low On US Downgrade, Weak Stocks; Bonds Up
Wall Street Journal
A late recovery in local shares, however, helped the rupee bounce back from its lows. The BombayStock Exchange's Sensitive Index--which fell to a low of 16759.45 during the day--recovered a little to finish down 1.8%, at 16990.18. ...
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Asian Currencies Gain, Led by Singapore Dollar, on U.S. Rating Downgrade
Bloomberg
Global funds ploughed more than $1 billion into emerging- market bond funds in the week to Aug. 2, with those focused on local-currency notes recording their best inflows in more than a year, EPFR Global said in an Aug. 5 statement. ...
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US STOCKS-Wall St plummets as fear jumps on historic downgrade
Reuters
Panicked selling resulted in the S&P 500's worst day since December 2008, with every stock in the benchmark index ending in negative territory. Volume totaled 17.89 billion shares traded on the New York Stock Exchange, the American Stock Exchange and ...
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SET dips as US troubles deepen
Bangkok Post
Thai stocks closed 1.39% lower yesterday in volatile trade as most Asian markets tumbled in the wake of last week's historic ratings downgrade of the United States. The Stock Exchange of Thailand index dropped 20 points at the opening, and slid by as ...
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Bond Funds With an Edge
TheStreet.com
By Stan Luxenberg 08/08/11 - 10:34 AM EDT NEW YORK (TheStreet) -- Wary of falling stock prices, investors have been fleeing to bond funds. Among the popular choices are two solid index funds, Fidelity Spartan US Bond Index(FBIDX) and Vanguard Total ...
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Bears rule Gulf stocks
Khaleej Times
Abu Dhabi Stock Exchange was the only market in GCC, which closed in positive columns due to buying in property shares. The benchmark index rose from Sunday's 10-week low, ending up 0.37 per cent to 2612.80 points with 67.25 million shares traded on ...
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Some big investors look to buy as markets buckle
Seattle Post Intelligencer
"'What's rocking the market is a growth scare," said Kathleen Gaffney, co-manager of $20 billion Loomis Sayles Bond Fund. She said that investors are afraid that the economies of Europe and the United States won't grow quickly enough to work their way ...
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Stocks plunge worldwide _ Dow's 6th-worst loss
Kansas City Star
The Fed ended a $600 billion bond-buying program in June. "What's rocking the market is a growth scare," said Kathleen Gaffney, co-manager of the $20 billion Loomis Saylesbond fund. She said the market is worried not about the downgrade but about how ...
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Kansas City Star
CANADA STOCKS-TSX plunges 4 percent, S&P downgrade stokes fears
Reuters
The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE closed down 491.21 points, or 4.04 percent, to 11670.96. Earlier in the session it fell to 11617.81, its biggest intraday fall in more than two years and its lowest point since Aug. 25. ...
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A look at economic developments around the globe
The Associated Press
___ ATHENS, Greece — Greece banned short selling on the stock market for two months, starting on Tuesday, after shares on the Athens Stock Exchange plunged to their lowest level in more than 14 years. The Greek index dropped 6 percent to 998.24 points ...
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South Korea Stock Tumble Prompts Kospi Program Trading, Kosdaq Index Halt
Bloomberg
Program trading on Kospi shares was stopped for five minutes from 1:23 pm local time after Kospi 200 Index (KOSPI2) futures fell more than 5 percent for more than a minute, Korea Exchange Inc. said. Trading of shares on the Kosdaq, which has 1030 ...
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Asian Markets Reel After US Downgrade
Wall Street Journal
Japan's Nikkei Stock Average fell 2.2% to 9097.56, its weakest level since the days after the March earthquake, tsunami and nuclear meltdown. India's Bombay Stock Exchange 100 fell 1.6%, its fifth drop in a row. The catalyst for the selloff was ...
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Across globe, traders brace for a downturn
Austin American-Statesman
In Israel, shares fell 7 percent Sunday, the worst drop since 2000. Investors placed so many sell orders that the Tel Aviv Stock Exchange delayed the opening of trading "to give people a chance to think," spokeswoman Idit Yaaron said. ...
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S&P owner McGraw-Hill's stock falls after downgrade
Reuters
McGraw-Hill shares fell 7.7 percent to $38.45, and Moody's slipped 7.5 percent to $30.40, both on the New York Stock Exchange late Monday afternoon. (Reporting by David Henry; Editing by Robert MacMillan and Richard Chang)
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Stocks plunge worldwide _ Dow's 6th-worst loss
San Francisco Chronicle
By PAUL WISEMAN, AP Economics Writer Jin Lee / AP Traders work on the floor of the New YorkStock Exchange on Monday, Aug. 8, 2011 in New York. The stock market buckled Monday under the weight of a crisis in Europe and danger of recession at home. ...
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Bank Stocks Tumble to Biggest Plunge Since 2009 Led by BofA, Citigroup
Bloomberg
Bank of America slid $1.66 to $6.51 as of 4:15 pm in New York Stock Exchange composite trading. It was the biggest drop since April 2009, and left the stock shorn of half its value since the start of 2011. Citigroup fell $5.49 to $27.95, ...
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Latest Updates on the Market Upheaval
Sarasota Herald-Tribune
Graham Bowley The Associated Press reports: Greece has banned short selling on the stock market for two months from Tuesday, after shares on the Athens Stock Exchange plunged to their lowest level in more than 14 years. The bourse's general index sank ...
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BlackRock Expands Index Fund Offerings for Defined Contribution Plans
MarketWatch (press release)
The newest funds, which will be available on most major recordkeeping platforms, complement a product suite that also includes BlackRock's S&P 500 Stock Fund; Small Cap Index Fund, tracking the Russell 2000 Index; International Index Fund, tracking the ...
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