Posts in category Business Standard
Hong Kong Market ends 0.42% higher (20-05-2024)
The People Banks of China on Friday announced most aggressive measures yet to stimulate the property sector, including a 300 billion yuan funding to clear excess housing inventory, lowering the minimum mortgage down payment requirements and removing the national floor for mortgage interest rates.
Singapore Market ends flat (20-05-2024)
At closing bell, the Straits Times Index (STI) index edged up 0.57 point, or 0.02% to 3,314.05 after trading between 3,306.32 and 3,318.24. Across the broader market, advancers outpaced decliners 333 to 271, with 1.17 billion securities worth S$898.97 million changed hands.
China Market ends higher after Beijing measures to revive property sector (20-05-2024)
Beijing announced "historic" steps on Friday to stabilise its crisis-hit property sector, with the central bank facilitating 1 trillion yuan ($138.30 billion) in extra funding and easing mortgage rules, and local governments set to buy some apartments.
Australia Market closes 0.63% higher (20-05-2024)
At closing bell, the benchmark S&P/ASX200 index was up 49.28 points, or 0.63%, to 7,863.66. The broader All Ordinaries index advanced 49.72 points, or 0.62%, to 8,132.06.
Japan Nikkei rises 0.73% (20-05-2024)
However, market gains were limited as some investors locked in profits amid fears of rising borrowing costs after Japan's benchmark bond yield reached its highest level since May 2013.
Oswal Green Tech standalone net profit declines 38.03% in the March 2024 quarter (20-05-2024)
Sales rise 397.07% to Rs 25.45 crore
Alphageo (India) reports consolidated net profit of Rs 3.97 crore in the March 2024 quarter (20-05-2024)
Sales rise 267.49% to Rs 51.89 crore
Ginni Filaments reports standalone net loss of Rs 50.82 crore in the March 2024 quarter (20-05-2024)
Sales rise 24.64% to Rs 97.82 crore
VRL Logistics standalone net profit declines 88.85% in the March 2024 quarter (20-05-2024)
Sales rise 10.06% to Rs 768.40 crore
Shankara Building Products consolidated net profit rises 26.54% in the March 2024 quarter (20-05-2024)
Sales rise 13.76% to Rs 1376.55 crore