Shahbaz thanks UAE for $1 billion investment

Prime Minister Shehbaz Sharif has thanked the recent announcement by the United Arab Emirates to invest US$ 1 billion in various economic and investment sectors in Pakistan, reported 24 News HD TV Channel.

Prime Minister Shehbaz Sharif Tuesday held a telephonic conversation with United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan.

During the telephonic conversation, the two leaders exchanged views on matters of common interest. Reaffirming the close fraternal ties between the two countries, they agreed to work closely to further enhance bilateral cooperation in different fields.

Earlier on Sunday, the prime minister in a tweet had thanked the UAE president for the investment his country was going to make in Pakistan’s various sectors.

PM Sharif highlighted the generous support extended by the UAE to Pakistan over the years, the PM Office said in a statement issued here.

Reaffirming the close fraternal ties between the two countries, they agreed to work closely to further enhance bilateral cooperation in different fields.

The prime minister offered his condolences on the damage caused by the recent floods in the Emirates, resulting loss of precious lives including Pakistani nationals. He also expressed his deepest sympathies with the Emirati brethren.

The UAE president also extended heartfelt commiserations on the loss of precious lives in floods in Pakistan as well as on the martyrdom of army personnel in the recent helicopter crash.

Recalling the decisions taken during the visit of the Prime Minister to the UAE in April 2022, the two leaders reviewed the progress and resolved to further strengthen trade and economic ties, with particular focus on accelerating cooperation and building partnerships in areas comprising investments, energy, and infrastructure.

Pakistan and the UAE enjoy close fraternal ties which are rooted firmly in common beliefs and shared values and culture.

The UAE is Pakistan’s largest trading partner in the Middle East and a major source of investments, and hosts more than 1.6 million Pakistanis.

PM Sharif highlighted the generous support extended by the UAE to Pakistan over the years, the PM Office said in a statement issued here.

Source: https://www.24newshd.tv/09-Aug-2022/shahbaz-thanks-uae-for-dollar-1-billion-investment

Stock Market Today – 8/9: Stocks Close Lower With Inflation Data In Sight; Chip Stocks Drag Tech

Updated at 4:12 pm EST

U.S. stocks closed lower Tuesday, while the dollar slipped modestly lower against its global peers and oil prices ended flat, as investors adopted a cautious stance on risk ahead of a key inflation reading later in the week.

Quiet August trading volumes are also keeping traders in check Tuesday as the earnings season draws to a close and markets remain laser-focused on Wednesday’s July inflation reading, which is expected to indicate a pullback in headline CPI from its 41-year peak of 9.1% and possibly being a series of readings that could provide the Federal Reserve with enough data to conclude that its interest rate hikes are finally having an effect.

Some, however, are worried that Friday’s blowout jobs number, which included 528,000 new hires alongside wage growth of 5.2%, will continue to power inflation readings over the months ahead.

That has bets on another jumbo Fed rate hike in September holding at around 63%, according to the CME Group’s FedWatch, with smaller hikes penciled in for November and December.

Still, others note that the U.S. Treasury curve remains steeply inverted — a condition that has preceded nearly every recession for the past 25 years — as growth remains elusive both at home and in major economies around that world.

That concern was amplified by news of fresh lockdowns in China Tuesday as Beijing continues to implement a ‘zero Covid’ policy that has threatened to turn the world’s second-largest economy into recession.

The new restrictions, centered around the tourist island of Hainan, added downward pressure to commodity prices overnight and followed data earlier in the week that indicated the weakest July crude import totals in at least for years.

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Still, WTI crude futures for September delivery were marked 12 cents lower at $90.64 per barrel as the dollar moved lower, while Brent contracts for October, the global benchmark, slipped 25 cents to $96.40 per barrel.

The U.S. dollar index, which tracks the greenback against a basket of six global currency peers, fell 0.1% lower to 106.342 while benchmark 10-year Treasury notes yields rose 4 basis points to 2.799%

In overseas markets, European stocks drifted south, with the Stoxx 600 closing 0.67% lower in Frankfurt, while overnight in Asia the region-wide MCSI ex-Japan index fell 0.06%.

On Wall Street, the S&P 500 ended down 18 points on the session while the Dow Jones Industrial Average fell 58 points. The tech-focused Nasdaq fell 150 points thanks to big declines for chip stocks.

Micron Technology (MU) – Get Micron Technology Inc. Report shares slumped 5% after the chipmaker lowered its near-term revenue guidance amid what it described as “macroeconomic factors and supply chain constraints” that have blunted global demand.

Tesla (TSLA) – Get Tesla Inc. Report shares nudged 2.44% lower in pre-market trading following data from China indicating a steep decline in July sales and exports amid planned maintenance breaks at its Shanghai gigafactory.

Bed, Bath & Beyond (BBBY) – Get Bed Bath & Beyond Inc. Report shares gave back some of their recent surge amid what could be renewed retail demand for the struggling home goods group and bets on a near-term sale of its lucrative buybuy Baby division.

Novavax (NVAX) – Get Novavax Inc. Report shares plunged 29.6% after the drugmaker slashed its full-year revenue forecast and warned that it does not expect to sell any more of its Covid vaccines in the United States this year.

Take-Two Interactive (TTWO) – Get Take-Two Interactive Software Inc. Report shares moved 3.8% lower after the ‘Grand Theft Auto’ maker posted softer-than-expected first quarter sales and clipped its full-year revenue forecast amid emerging weakness in the video game sector.

Source: https://www.thestreet.com/markets/stock-market-today-8-9-stocks-lower-with-inflation-data-in-sight

Investors are still stressing over inflation and about half say that it hasn’t peaked yet, State Street survey says


  • Nearly half of investors surveyed by State Street say inflation hasn’t peaked yet.
  • Investors also say that rising prices are a source of stress and anxiety.
  • In June, CPI clocked in at 9.1%, the fastest rate of inflation in 41 years.

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Nearly half of investors say they’re stressed out over inflation and that it has still not peaked, according to a survey by State Street Global Advisors, signaling low morale as markets digest signals that the US may be headed into a recession.

About 47% of investors told the research firm that inflation was causing them stress or anxiety, State Street reported. And, 49% of investors said they didn’t believe inflation had peaked yet, showing some pessimism ahead of July’s Consumer Price Index reading due out on Wednesday.

In June, the CPI clocked in at a hefty 9.1%. That is the fastest annual rise in inflation in 41 years.

Anxiety over rising prices shows that investors are still hesitant to trust the Fed, which is struggling to tame inflation after insisting that rising prices would be transitory.

The Fed’s hawkish pivot in response to stickier inflation culminated in 75 basis point rate hikes at the most recent meetings in June and July. Although Fed Chair Jerome Powell said he believed the current policy rate had reached a neutral state, that hasn’t done much to soothe investors, 57% of whom are worried about market volatility and 59% are worried their current investments will lose them money, State Street said.

The survey by the asset manager comes as many market observers and participants doubt the Fed’s ability to pull of a soft landing for the economy. Among respondents, 58% of investors said they believe the US will topple into a recession within the next six to 12 months. Their responses echo forecasts from Bank of America, Wells Fargo, Morgan Stanley, and other investment banks who are predicting at least a mild recession on the horizon.

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Source: https://markets.businessinsider.com/news/stocks/inflation-stock-market-economy-fed-recession-odds-state-street-survey-2022-8?op=1

Ncontracts Named to FinovateFall 2022 Demo Lineup


Ncontracts, the leading provider of integrated risk management and lending compliance solutions for the financial services industry, has been selected to demo at FinovateFall 2022, taking place September 12-14 in New York.

A first-time presenter, Ncontracts will demo its Enterprise Risk Management (ERM) system to show how fintechs and financial institutions can safely (and profitably) work together. Nrisk is a secure online risk management solution that offers organizations efficiency at every turn, assessing and strengthening compliance and controls in real time for more effective enterprise risk management. With a clear understanding of risk, financial institutions and fintechs can better monitor, report on, and communicate risk internally and externally.

“Finovate is known for curating innovative technology showcases. Every demo is carefully selected, ensuring that those presenting are worthy of our attendees’ attention,” said Greg Palmer, VP of Strategy at Finovate. “We look forward to having Ncontracts join our stage this year to showcase the latest in reg tech.”

More than ever, financial institutions are eagerly partnering with fintechs to modernize the customer experience, improve internal efficiencies and generate additional revenue streams. In 2019, less than half of financial institutions considered fintech partnerships important, compared to 9 out of 10 today. Additionally, 35% of financial institutions have invested in a fintech startup with the average investment size more than quadrupling over the last three years.

These relationships offer many benefits, but there are also risks for both financial institutions and their fintech partners. Except for larger fintechs with dedicated resources, most lack internal compliance programs and instead rely on other companies for risk and compliance support. This can increase a fintech’s risk exposure if the wrong company is selected.

“Financial institutions and fintechs are intertwined, and Nrisk helps them safely and profitably work together,” said Michael Berman, CEO and founder of Ncontracts. “Like banks, fintechs need risk management to operate alongside financial institutions. Ncontracts is excited to facilitate this relationship and demo our system at FinovateFall.”

Bill Simpson, CTO of Ncontracts, adds, “Finovate provides an opportunity to showcase the best our industry has to offer. We look forward to showing how Ncontracts can quickly transform the risk posture of these innovators to maximize their value and safeguard their most important relationships.”

From shifting market conditions to the ever-changing regulatory landscape, the operational risks facing fintechs are constantly evolving, and the need for powerful RegTech and risk management software has become increasingly critical. Meanwhile, as the regulatory environment grows more complex, identifying pertinent regulations to keep pace with change management is an ongoing challenge. Ncontracts’ rapidly expanding client base leverages its solutions to save time while continuously evaluating and managing risk from a strategic, operational, compliance and tactical perspective. These knowledge as a service (KaaS) solutions give fintechs the benefit of cloud technology built to make it easy to find and leverage industry-leading content developed and maintained by a team of seasoned risk and compliance experts.

Clients have cited significant value since partnering with Ncontracts, including a 98% reduction in time spent monitoring vendors and contracts; 93% reduction in time spent producing risk management reports; 50-80% reduction in time spent on compliance research; 2–3-week reduction in time devoted to vendor management annually; and a 20% reduction in time devoted to day-to-day compliance activities. As a result, the company continues to grow, with more than 500 new clients partnering with Ncontracts just last year.

About Ncontracts

Ncontracts provides integrated risk management and compliance software to a rapidly expanding customer base of over 4,000 financial institutions, mortgage companies, and fintechs in the United States. The company’s powerful combination of software and services enables financial institutions to achieve their risk management and compliance goals with an integrated, user-friendly cloud-based solution suite encompassing vendor, organizational, audit, and compliance risk management. The company was named to the Inc. 5000 fastest-growing private companies in America for the 3rd consecutive year. Visit www.ncontracts.com or follow the company on LinkedIn and Twitter for more information.

Source: https://markets.buffalonews.com/buffnews/article/bizwire-2022-8-9-ncontracts-named-to-finovatefall-2022-demo-lineup

Investment Management Market Size, Share, Trends, Growth 2030

Investment management is designed to help investors or owners to recognize, manage, and communicate the performance and risks of assets and related investments. As an alternative to spending time pursuing data and manually creating reports, fund managers, owners, and operators can focus on maximizing performance.

The Investment Management market revenue was xx Million USD in 2016, grew to xx Million USD in 2021, and will reach xx Million USD in 2026, with a CAGR of xx during 2021-2026.

Considering the influence of COVID-19 on the global Investment Management market, this report analyzed the impact from both global and regional perspectives. From production end to consumption end in regions such as North America, Europe, China, and Japan, the report put emphasis on analysis of market under COVID-19 and corresponding response policy in different regions.

This report also analyzes the strategies for different companies to deal with the impact of COVID-19 in detail to seek a path to recovery.

Under COVID-19 Outbreak, how the Investment Management Industry will develop is also analyzed in detail in Chapter 1.8 of this report.

Major Players in Investment Management market are:

Ivy Investments
Progress Investment Company
Boston Trust & Investment Management Company
Fuller Investment Management Company
Thornburg Investment Management
Frontier Investment Management Company
Morgan Stanley Investment Management
Pimco
NWQ Investment Management Company, LLC
Sigma Investment Management
Pacific Global Investment Management Company

Click the link to get a free Sample Copy of the Report @ https://crediblemarkets.com/sample-request/investment-management-market-895487

Most important types of Investment Management products covered in this report are:

Hedge Funds
Mutual Funds
Private Equity
Venture Capital
Other

Most widely used downstream fields of Investment Management market covered in this report are:

Companies
Government Agencies
Nonprofit Organizations
Individuals

Major Regions or countries covered in this report:

North America

Europe

China

Japan

Middle East and Africa

South America

India

South Korea

Southeast Asia

Others

In Chapter 3.4, the report provides analysis of the reasons behind price fluctuations.

In chapters 5, 6, and 7, the impact of COVID-19 on the different regions in both production and consumption end and SWOT analysis are pointed out.

In Chapters 8, the report presents company’s recent development and strategies to deal with the impact of COVID-19.

Years considered for this report:
– Historical Years: 2018-2021
– Base Year: 2021
– Estimated Year: 2022
– Forecast Period: 2022-2030

Direct Purchase this Market Research Report Now @ https://crediblemarkets.com/reports/purchase/investment-management-market-895487?license_type=single_user

About US:

Credible Markets is a new-age market research company with a firm grip on the pulse of global markets.Credible Markets has emerged as a dependable source for the market research needs of businesses within a quick time span. We have collaborated with leading publishers of market intelligence and the coverage of our reports reserve spans all the key industry verticals and thousands of micro markets. The massive repository allows our clients to pick from recently published reports from a range of publishers that also provide extensive regional and country-wise analysis. Moreover, pre-booked research reports are among our top offerings.

The collection of market intelligence reports is regularly updated to offer visitors ready access to the most recent market insights. We provide round-the-clock support to help you repurpose search parameters and thereby avail a complete range of reserved reports. After all, it is all about helping you reach an informed strategic decision about purchasing the right report that caters to all your market research demands.

Reports in the repository of Credible Markets leverage predictive analytical models to study the performance of critical market segments. We believe in the fact that demands of businesses depend on an array of parameters and thus adhere to delivering industry-specific research solutions. Our client base traversing from thriving start-ups to some of the Fortune 500 companies speaks for our expertise in providing deep-dive insights on any desired industry sectors.

Under COVID-19 Outbreak, how the Investment Management Industry will develop is also analyzed in detail in Chapter 1.8 of this report.

Source: https://www.newstrail.com/investment-management-market-size-industry-analysis/

New actively managed dividend ETF hits the market

Financial, stock exchange charts at digital display

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The Touchstone Dividend Select ETF (NYSEARCA:DVND) is the latest actively managed dividend exchange traded fund to hit the market. The ETF, which debuted late last week, rose 1.2% in Monday’s early trading.

DVND has 52 holdings and an expense ratio of 0.95%. Additionally, the ETF aims to provide investors with access to stocks that historically paid consistent, growing dividends.

DVND also looks to invest in stocks that have sustainable competitive advantages, which have the potential to support reliable, growing dividends along with reasonable valuations. Some advantages include high customer loyalty, cost advantages and economies of scale.

Breaking down the fund, the ETF sports Microsoft (MSFT), UnitedHealth Group (UNH), Apple (AAPL), and Exxon Mobil (XOM) as its top four positions. MSFT has a 3.99% weighting in the fund, followed by UNH at 2.55%, AAPL at 2.52% and XOM weighted at 2.51%.

DVND has entered the competitive sphere of dividend ETFs, facing off against established players like Vanguard Dividend Appreciation ETF (NYSEARCA:VIG), Vanguard High Dividend Yield Index ETF (VYM), Schwab US Dividend Equity ETF (NYSEARCA:SCHD) and iShares Select Dividend ETF (DVY).

In related dividend news, smart beta ETFs accumulated nearly $8B in the month of June. They were led by these dividend ETFs.

DVND has 52 holdings and an expense ratio of 0.95%. Additionally, the ETF aims to provide investors with access to stocks that historically paid consistent, growing dividends.

Source: https://seekingalpha.com/news/3868839-new-actively-managed-dividend-etf-hits-the-market

CryptoNewsBreaks – BIT Mining Limited (NYSE: BTCM) Receives Notice Regarding NYSE Continued Listing Standards


BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today announced its receipt of a letter from the New York Stock Exchange (“NYSE”), dated July 29, 2022, notifying the company that it was not in compliance with applicable price criteria in the NYSE’s continued listing standards. This is because, as of July 28, 2022, the average closing price of BIT Mining’s American Depositary Shares (“ADSs”) was less than US$1.00 per ADS over a consecutive 30 trading-day period. Per Section 802.01C of the NYSE’s Listed Company Manual, BIT Mining has six months (the “Cure Period”) following receipt of the notice to regain compliance with the minimum share price requirement. The company can regain compliance at any time during the Cure Period if, on the last trading day of any calendar month during the Cure Period, BIT Mining has a closing share price of at least US$1.00 per ADS, and an average closing share price of at least US$1.00 per ADS over the 30 trading-day period ending on the last trading day of that month. In the event that BIT Mining is not in compliance with these requirements at the expiration of the Cure Period, the NYSE will commence suspension and delisting procedures. On August 4, 2022, the company notified the NYSE of its intent to cure the deficiency.

To view the full press release, visit https://ccw.fm/GMlId

About BIT Mining Limited

BIT Mining is a leading technology-driven cryptocurrency mining company with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool and data center operation. The company owns the world’s top blockchain browser BTC.com and the comprehensive mining pool business operated under BTC.com, providing multi-currency mining services including BTC, ETH and LTC. The company also owns a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing, completing the company’s vertical integration with its supply chain, increasing its self-sufficiency and strengthening its competitive position.

About CryptoCurrencyWire (“CCW”)

CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.

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BIT Mining is a leading technology-driven cryptocurrency mining company with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool and data center operation. The company owns the world’s top blockchain browser BTC.com and the comprehensive mining pool business operated under BTC.com, providing multi-currency mining services including BTC, ETH and LTC. The company also owns a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing, completing the company’s vertical integration with its supply chain, increasing its self-sufficiency and strengthening its competitive position.

Source: https://markets.buffalonews.com/buffnews/article/nnwire-2022-8-8-cryptonewsbreaks-bit-mining-limited-nyse-btcm-receives-notice-regarding-nyse-continued-listing-standards

Japanese Market Slightly Higher

(RTTNews) – The Japanese stock market is slightly higher in choppy trading on Monday, extending the gains in the previous three sessions, with the Nikkei 225 moving above the 28,200 level, following the mixed cues from Wall Street on Friday, with gains in financial stocks, even as a better than expected US monthly jobs data again raised concerns about the outlook for interest rates.

The benchmark Nikkei 225 Index is up 27.11 or 0.10 percent at 28,202.98, after touching a high of 28,258.29 earlier. Japanese shares ended significantly higher on Friday.

Market heavyweight SoftBank Group is gaining more than 1 percent and Uniqlo operator Fast Retailing is edging up 0.5 percent. Among automakers, Honda is edging up 0.4 percent and Toyota is losing more than 1 percent.

In the tech space, Advantest and Screen Holdings are losing almost 1 percent each, while Tokyo Electron is gaining almost 1 percent. In the banking sector, Sumitomo Mitsui Financial and Mizuho Financial are gaining more than 1 percent each, while Mitsubishi UFJ Financial is adding almost 2 percent.

The major exporters are mixed, with Sony and Panasonic edging down 0.3 to 0.5 percent each, while Mitsubishi Electric is edging up 0.4 percent and Canon is gaining almost 4 percent. Among the other major gainers, Nippon Sheet Glass is skyrocketing more than 18 percent, Fujikura is soaring almost 15 percent, Suzuki Motor is surging almost 8 percent and Mitsui E&S Holdings is advancing almost 7 percent, while Inpex, Daiichi Sankyo and Chiba Bank are gaining almost 5 percent each. BANDAI NAMCO is adding more than 4 percent, while Teijin and Fukuoka Financial are up almost 4 percent. Isuzu Motors and Yamaha Motor are up more than 3 percent each.

Conversely, Nippon Paper is plummeting more than 9 percent and MS&AD Insurance is slipping almost 7 percent, while Tokio Marine and Sumitomo Heavy Industries are sliding more than 5 percent each. Sharp is losing almost 5 percent, while Kawasaki Kisen Kaisha and Mitsubishi Estate are declining almost 4 percent. NEXON and Shiseido are down more than 3 percent.

In economic news, overall bank lending in Japan was up 1.8 percent on year in July, the Bank of Japan said on Monday, coming in at 588.232 trillion yen. That follows the downwardly revised 1.2 percent increase in June (originally 1.3 percent).

Excluding trusts, bank lending was up 2.1 percent on year to 511.898 trillion yen, while lending from trusts was roughly flat at 76.333 trillion yen. Lending from foreign banks jumped 2.9 percent on year to 3.422 trillion yen after slipping 1.3 percent in June.

Meanwhile, Japan posted a current account deficit of 132.4 billion yen in June, the Ministry of Finance said on Monday. That beat expectations for a shortfall of 703.8 billion yen following the 128.4 billion yen surplus in May. Imports were up 49.2 percent on year to 9.697 trillion yen, while exports advanced an annual 20.4 percent to 8.583 trillion yen for a trade deficit of 1.114 trillion yen. The capital account showed a surplus of 135.8 billion yen, while the financial account saw a deficit of 588.9 billion yen.

In the currency market, the U.S. dollar is trading in the lower 135 yen-range on Monday.

On Wall Street, stocks saw substantial volatility over the course of the trading day on Friday after moving sharply lower early in the session. The major averages showed wild swings as the day progressed before eventually closing mixed for the second straight day.

While the Dow rose 76.65 points or 0.2 percent to 32,803.47 after tumbling by more than 200 points in early trading, the Nasdaq fell 63.03 points or 0.5 percent to 12,657.55 and the S&P 500 dipped 6.75 points or 0.2 percent to 4,145.19.

Meanwhile, the major European markets moved to the downside on the day. While the U.K.’s FTSE 100 Index edged down by 0.1 percent, the French CAC 40 Index and the German DAX Index fell by 0.6 percent and 0.7 percent, respectively.

Crude oil prices climbed higher Friday, lifted by the strong jobs report, but still posted a weekly loss amid concerns about demand due to economic slowdown. West Texas Intermediate Crude oil futures for September ended higher by $0.47 or 0.5 percent at $89.01 a barrel.

Source: https://markets.businessinsider.com/news/stocks/japanese-market-slightly-higher-1031658044?op=1

Sensex, Nifty Trade In Narrow Range

(RTTNews) – Indian shares recovered from an early slide to trade slightly higher on Monday.

The benchmark S&P BSE Sensex rose 130 points, or 0.2 percent, to 58,517, while the broader NSE Nifty index was up 35 points, or 0.20 percent, at 17,432.

One97 Communications surged 4.6 percent despite widening its quarterly net loss.

Mahindra & Mahindra jumped 2.4 percent on reporting a 67 percent rise in Q1 standalone net profit.

NTPC, Hindalco, IndusInd Bank and Bajaj FinServ were up 1-2 percent.

SBI tumbled 3 percent as it reported a 6.7 percent fall in Q1 net profit, missing the Street estimates by a wide margin due to a huge hit on the market value of the bank’s government bond investments.

BPCL slumped 4 percent after it logged a Rs. 6,148 crore in the first quarter ended June.

HPCL plummeted 5.5 percent on reporting its highest ever quarterly net loss in Q1.

Vodafone Idea was little changed. The cash-strapped telecom firm said that incremental tariff hikes are crucial to improving industry health.

Bharti Airtel was marginally higher and Adani Ports gained around 1 percent ahead of their earnings results.

Tata Motors rose half a percent after it signed an agreement to buy Ford Motor’s manufacturing plant in Gujarat for $91.5 million (Rs 726 crore).

Source: https://markets.businessinsider.com/news/stocks/sensex-nifty-trade-in-narrow-range-1031658195?op=1

Top 10 at 10: These ASX copper, gold and uranium stocks are standouts in early trade Monday

Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.

It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has commenced trading.

WINNERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Code Company Price % Volume Market Cap ANL Amani Gold Ltd 0.0015 50% 17,168,990 $23,693,441.13 EVE EVE Health Group Ltd 0.0015 50% 115,162 $5,050,482.66 CDD Cardno Limited 0.885 36% 193,222 $25,389,430.95 AQX Alice Queen Ltd 0.004 33% 1,000,000 $5,098,544.03 OZL OZ Minerals 25.22 33% 1,475,341 $6,333,376,137.88 C6C Copper Mountain 2.18 31% 49,795 $27,832,632.36 AWV Anova Metals Ltd 0.013 30% 123,075 $14,980,942.00 HAR Harangaresources 0.19 27% 146,379 $6,272,103.00 ARE Argonaut Resources 0.0025 25% 1,660,325 $7,212,409.56 CFO Cfoam Limited 0.005 25% 2,900,000 $2,935,362.54

BHP (ASX:BHP) has lobbed an already rejected $8.3 billion offer for copper-gold miner OZ Minerals (ASX:OZL).

The $25 a share bid values the South Australian and Brazilian copper and gold producer at a 41.4% premium to OZL’s 30-day VWAP of A$17.67 per share.

Amani Gold (ASX:ANL) has drilled into very thick, low grade gold at the 4.1Moz Kebigada deposit, including 400.8m @ 0.57g/t from surface.

And uranium explorer Haranga Resources (ASX:HAR) has dusted off some promising historical drilling results at the Saraya Project in Senegal.

LOSERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Code Company Price % Volume Market Cap REC Rechargemetals 0.195 -15% 336,035 $9,152,850.23 MVP Medical Developments 2.02 -14% 94,997 $168,411,135.82 GMN Gold Mountain Ltd 0.006 -14% 34,254 $8,352,044.19 KGD Kula Gold Limited 0.025 -14% 20,408 $6,240,093.33 CY5 Cygnus Gold Limited 0.2 -13% 411,134 $27,136,622.45 LSR Lodestar Minerals 0.007 -13% 1,877,714 $13,907,498.78 COD Coda Minerals Ltd 0.32 -12% 27,000 $43,168,970.85 OZM Ozaurum Resources 0.115 -12% 117,817 $9,063,080.00 NWM Norwest Minerals 0.04 -11% 100 $8,127,332.42 PUR Pursuit Minerals 0.017 -11% 2,544,386 $18,872,684.69

Sponsored Articles

The $25 a share bid values the South Australian and Brazilian copper and gold producer at a 41.4% premium to OZL’s 30-day VWAP of A$17.67 per share.

Source: https://stockhead.com.au/news/top-10-at-10-these-asx-copper-gold-and-uranium-stocks-are-standouts-in-early-trade-monday/