Browsing: Stock Market

Shares of China’s Sichuan Baicha Baidao, also known as ChaPanda, saw a steep decline in its debut on the Hong Kong Stock Exchange despite raising over $330 million in its initial public offering (IPO).
IPO and market debut: ChaPanda’s shares were initially priced at 17.50 Hong Kong dollars ($2.23) each, marking the city’s largest IPO so far in 2024. But on Tuesday, they opened 10.1% lower and closed 26.9% lower at 12.80 Hong Kong dollars ($1.63).

Canadian and American markets moved higher on Friday, with the TSX posting a new all-time closing high, even though job reports in both countries showed different economic situations.

The S&P/TSX composite index rose by 101.49 points to reach 22,213.95.

Strength in energy and base metal stocks lifted Canada’s main stock index higher as oil price rose in late-morning trading, while U.S. stock markets also moved up.

Canada’s primary stock index declined by over 100 points on Tuesday due to losses in financial, industrial, and telecom stocks despite strength in energy and base metals.

Canada’s primary stock indicator was down in late-morning trading, affected by declines in the telecommunications and utility fields, while U.S. stock markets also dropped.

Strength in the base metal and energy stocks helped lift Canada’s main stock index higher in late-morning trading, while U.S. stock markets were mixed.

Canada’s main stock index experienced an increase of nearly 100 points during late-morning trading due to the strong performance of base metal stocks, while U.S. stock markets had varied results.

The S&P/TSX composite index increased by 100.84 points to reach 22,146.55.

Strength in utility and technology stocks boosted Canada’s main stock index during late-morning trading. Meanwhile, U.S. stock markets also rose.