It is worth noting, this is not a single growth, fixed in the US markets on Tuesday. Almost the entire sphere of the automotive industry increased significantly, especially electronic aggregates. For example, the Chinese manufacturer of electrosphames NIUs at once by 25%, TESLA - 19.64%, ELECTRAMECCANICA - 18.24%, NIO - 17.44%. At the same time, all the above-mentioned companies over the past weeks there was a significant correction - in the range of 30-50%.
Sharp Rising Shares Niu Technologies
Including thanks to the shares of electrocarrov manufacturers, the NASDAQ index added 3.69%, to 13 073. Good growth was demonstrated and other technological giants: Apple grew by 4.06%, Microsoft - 2.81%, Facebook - 4.09% , Amazon - 3.76%, NVIDIA - 8%, PayPal from the financial sector - 6.93%. Despite the phenomenal yield of shares of technological companies last year, investors are still believe in them. For example, on Microsoft, Citigroup analysts last week put a new target price of $ 292 per share. Apple's target price, according to different experts, varies within $ 150-170 per share. After yesterday's growth, these companies are 233.78 and 121.08 dollars, respectively. As for other indexes, S & P500 added more than 54 points on Tuesday, or 1.42%, to 3875.44. Prior to the repetition of the historical maximum recorded in February 2021, there is still about 60 points. The Dow Jonees index, in turn, added only 0.10%, to 31 832.74.
In some sectors, yesterday the greatest increase was recorded among the long-term goods (XLY + 3.78%) - here, among other things, the manufacturers of electrocarbers, as well as the technological sector companies (XLK + 3.40%). Fully statistics on sectors for yesterday look like this:
- Technological sector (XLK) + 3.40%;
- Financial sector (XLF) -0.91%;
- utility sector (XLU) + 1.32%;
- Energy sector (XLE) -1.75%;
- Industrial sector (XLI) -0.41%;
- Health Sector (XLV) + 0.58%;
- consumer sector (XLP) -0.09%;
- Sector of long-term goods (xly) + 3.78%;
- Sector of basic materials (XLB) + 0.62%;
- Sector of Communication Services (XLC) + 1.12%.
Green carpet of American giants S & P500
The main news that moved stock markets yesterday is, of course, this is - here are the measures taken to support the American economy in the amount of 1.9 trillion dollars. Among other things, citizens of the states whose salary does not exceed 75 thousand dollars a year, will receive another portion of "helicopter money" - this time in the amount of 1.4 thousand dollars. Deutsche Bank reported that Americans are planning to invest in stock markets to invest a significant part of these funds. According to the calculations of the German bank, about 40% of the total aid will be directed to the purchase of shares - about 150 billion dollars. In addition, US President Joe Biden stated that payments will begin this month.
Other world markets yesterday as a whole also grew, but where it is maintained in comparison with American. For example, in the Asian markets, the Chinese CSI 300 index closed with an increase of 0.70%, Japanese Nikkei 225 and Hong Kong Hang Seng increased only 0.03% and 0.06%, respectively. Euro Stoxx 50 Eurrozone index added 0.61% to 3786 points, another of the most important European indices - German DAX rose by 0.4%, to 14,437.94.
Separately, you need to say about the Kazakhstan Stock Exchange. KASE According to the results of second trades added 0.3% in comparison with Friday (March 8, the exchange did not work) - up to 2949.51. One of the largest returns on the background of world news logically demonstrated the American Issuer Bank of America, not included in the executive list of KASE - 2.9%. Directly from the companies of the Kazakhstan index, the leader were Kcell, adding 1.4%, as well as "Kazakhtelecom" - 1.1%. Antillades, respectively, Bank CenterCredit and Kaz Minerals, cheaper by 0.9% each. In general, the quotes of Kazakhstani companies continue lateral movement. Today, the index of the Kazakhstan Stock Exchange continued a small increase - 0.23%.
Dynamics of KASE in the last day
Ruslan Loginov
Subscribe to the Telegram channel Atameken Business and the first to get up to date!