Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
China's stock market concludes up
On Thursday, China's stock market concluded up due to strengthening sectors of oil and gas equipment, insurance as well as gas and water supply.
At the close on the Shanghai Stock Exchange, the Shanghai Composite rose 0.85%, the SZSE Component index tacked on 1.02%.
Among leaders of growth in the components of the Shanghai Composite Index one should mention shares of Aluminum Corp of China Ltd, which rallied by 10.11%, concluding at 5.120. Quotes of Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd leapt by 10.02%, concluding the auction at 30.200. Paper Shanghai LongYun Advertising & Media Co Ltd went up by 10.01% ending up with 61.35.
The leaders of the fall were the shares of Shanghai U9 Game Co Ltd, whose price fell by 7.45% concluding at 6.460. Shares of Harbin Air Conditioning Co Ltd climbed by 7.35% closing at 6.680, while Hainan Haiqi Transportation Group Co declined by 6, 83% coming up with 11,450.
As for the components of the SZSE Component, Nationz Technologies Inc rallied 10.04% reaching 10.41, Shenwu Environmental Tech that ascended 10.03 %, closing at 12.94. Yunnan Aluminum Co Ltd tacked on by 9.98%, concluding the trading session at 8.93.
Leaders of the dive were the shares of Zhejiang Jinke Peroxides Co Ltd, which dived by 7.05%, ending up with 10.55. Shares of Shenzhen Ysstech Info-Tech Co Ltd lost 6.00% and closed the trading session at the level of about 15.81. Besides this, equities of Beijing Sinnet Technology Co Ltd slumped by 5.24% hitting 15.90.
On the Shanghai Stock Exchange, the number of more expensive securities (770) managed to surpass the number of closed shares in the red (508), while up to 88 equities didn’t change.
Zhejiang Jinke Peroxides Co Ltd dived to a 52-week minimum, having declined by 7.05% and concluding the trading session at 10.55.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.