Saturday, October 3, 2009

World stocks fall amid stimulus withdrawal jitters

SEOUL, South Korea – World stock markets fell Thursday amid a big drop in oil prices and as investors worried that support measures for the fragile global economy will be withdrawn too quickly.
The declines came after the Federal Reserve kept interest rates unchanged at a regular meeting Wednesday, as widely expected, and said the pace of economic activity has "picked up" since its last meeting in August.
But the Fed also said it would again slow some of its purchases of mortgage-backed securities, which have been part of the extraordinary support the central bank has given the U.S. economy over the past year.

Stock market

A stock market is a public market for the trading of company stock and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately.
The size of the world stock market was estimated at about $36.6 trillion US at the beginning of October 2008.
[1] The total world derivatives market has been estimated at about $791 trillion face or nominal value, [2] 11 times the size of the entire world economy. [3] The value of the derivatives market, because it is stated in terms of notional values, cannot be directly compared to a stock or a fixed income security, which traditionally refers to an actual value. Moreover, the vast majority of derivatives 'cancel' each other out (i.e., a derivative 'bet' on an event occurring is offset by a comparable derivative 'bet' on the event not occurring.). Many such relatively illiquid securities are valued as marked to model, rather than an actual market price.
The stocks are listed and traded on stock exchanges which are entities of a corporation or mutual organization specialized in the business of bringing buyers and sellers of the organizations to a listing of stocks and securities together. The stock market in the United States includes the trading of all securities listed on the
NYSE Euronext, the NASDAQ, the Amex, as well as on the many regional exchanges, e.g. OTCBB and Pink Sheets. European examples of stock exchanges include the London Stock Exchange, th

Rangebound Sensex ends flat

The Sensex opened on a silent note at 17,186, tracking weak global cues. The index thereafter gyrated between zones amid alternate bouts of buying and selling. The BSE benchmark index touched a high of 17,195, and a low of 17,060.
The Sensex finally ended flat at 17,134, up eight points.
The NSE Nifty ended flat at 5,083 points.
Among the sectoral gainers, TECk and IT indices were the maximum gainers, up over1% each. On the other hand the healthcare index slipped 1% to 4,347.
The market breadth was negative, out of 2,868 shares traded, 1,663 declined and 1,123 advanced on the BSE.

Saturday, September 12, 2009

At the TMX

Thursday, September 10, 2009 - Magma Energy Opens the Market
Dr. Frank Monastero, President, Magma Energy (US) Corp. and Ross Beaty, Chairman and CEO, Magma Energy opened the market today. Magma Energy Corp. is a geothermal power company which explores, develops and operates geothermal energy projects globally. Magma Energy owns an operating geothermal plant in Nevada called the Soda Lake Operation and a portfolio of exploration and development projects throughout the western United States, Chile, Argentina and Peru. Magma Energy trades on Toronto Stock ExThursday, September 10, 2009 - Magma Energy Opens the Market
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SSE's Top 10 Largest Stocks


PetroChina (3,656.20 billion)
Industrial and Commercial Bank of China (1,417.93 billion)
Sinopec (961.42 billion)
Bank of China (894.42 billion)
China Shenhua Energy Company (824.22 billion)
China Life (667.39 billion)
China Merchants Bank (352.74 billion)
Ping An Insurance (272.53 billion)
Bank of Communications (269.41 billion)
China Pacific Insurance (256.64 billion)

Shanghai Stock Exchange

The Shanghai Stock Exchange (SSE) (simplified Chinese: 上海证券交易所; traditional Chinese: 上海證券交易所; pinyin: Shànghǎi Zhèngquàn Jiāoyìsuǒ) is a Chinese stock exchange or bourse that is based in the city of Shanghai. It is one of the three stock exchanges operating independently in the People's Republic of China, the other two are the Shenzhen Stock Exchange and the Hong Kong Stock Exchange. Unlike the Hong Kong Stock Exchange, the Shanghai Stock Exchange is still not entirely open to foreign investors[1] due to tight capital account controls exercised by the Chinese mainland authorities.[2]
At the end of 2007, the Shanghai Stock Exchange had 860 listed companies with a combined market capitalization of US$3.95 trillion[3], making it the largest in China and second largest in the world.[4] The current exchange was re-established on November 26, 1990 and was in operation on December 19 of the same year. It is a non-profit organization directly administered by the China Securities Regulatory Commission (CSRC).

New York Stock Exchange

The New York Stock Exchange (NYSE) is a stock exchange located at 11 Wall Street in lower Manhattan, New York City, New York, USA. It is the largest stock exchange in the world by United States dollar value of its listed companies' securities.[3] As of October 2008, the combined capitalization of all domestic NYSE listed companies was US$10.1 trillion.[4]
The NYSE is operated by NYSE Euronext, which was formed by the NYSE's 2007 merger with the fully-electronic stock exchange Euronext. The NYSE trading floor is located at 11 Wall Street and is composed of four rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007. The main building, located at 18 Broad Street, between the corners of Wall Street and Exchange Place, was designated a National Historic Landmark in 1978,[5] as was the 11 Wall Street building