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Guotai Junan Receives the "2018 Exceptional Contribution to Poverty Relief Award of the Chinese Securities and Futures Industry"

Tuesday October 23 rd 2018

SHANGHAI, Oct. 23, 2018 /PRNewswire/ — Guotai Junan was rewarded the “Exceptional Contribution to Poverty Relief Award” in the 2018 Poverty Relief Conference of the Chinese Securities and Futures Industry.

The Guotai Junan “Build His and Her Future” project and Guotai Junan futures “Insurance + Futures” rubber project received “The Best Poverty Relief Project in Education Award” and “The Most Innovative Financial Product for Poverty Relief” respectively.

Since 2016, Guotai Junan has been helping out Ji’an County, Jiangxi Province; Qianshan City, Anhui Province; Puge County, Sichuan Province with multifaceted assistance work including industry assistance, education assistance and human resources assistance. By the end of 2017, Guotai Junan Poverty Relief Project has contributed 31 million yuan to that cause altogether.

During the course of striking down poverty, Guotai Junan has been taking advantage of its professional understanding of the capital market to help to lift regional industries out of poverty. By the end of 2017, Guotai Junan had completed its service in 12 poor counties in total, with six in process, collecting funds as much as 10,682 million yuan for local enterprises. 

The 2018 Poverty Relief Conference of the Chinese Securities and Futures Industry is instructed by the China Securities Regulatory Commission and the State Council Leading Group Office of Poverty Alleviation and Development of China, hosted by the Securities Association of China and China Futures Association, organized by “Brokerage China, Securities Times.”

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SOURCE Guotai Junan Securities

Steady Start Seen For Indonesia Stock Market

Monday October 22 nd 2018

(RTTNews) – The Indonesia stock market has ticked lower in back-to-back trading days, sliding more than 30 points or 0.5 percent along the way. The Jakarta Composite Index now rests just above the 5,835-point plateau and it’s expected to be rangebound again on Monday.

The global forecast for the Asian markets is mixed and flat, with support from oil prices offsetting weakness among the technology stocks. The European markets were down and the U.S. bourses were mixed and little changed – and the Asian markets are tipped to follow the latter lead.

The JCI finished slightly lower on Friday following weakness from the financial shares and a mixed picture from the cement stocks.

For the day, the index dipped 7.95 points or 0.14 percent to finish at 5,837.29 after trading between 5,796.78 and 5,861.99.

Among the actives, XL Axiata tumbled 1.77 percent, while Lotte Chemical skidded 1.19 percent, Jasa Marga added 0.46 percent, Bank Danamon climbed 1.41 percent, Bank Central Asia shed 0.95 percent, Bank Mandiri lost 0.77 percent, Bank Negara Indonesia fell 0.35 percent, Bank Rakyat Indonesia plunged 2.27 percent, Indosat advanced 1.13 percent, Vale Indonesia slid 0.31 percent, Indocement spiked 1.81 percent, Semen Indonesia retreated 0.83 percent and Bumi Resources, Aneka Tambang, Bukit Darmo Property, Voksel Electric, SLJ Global, Bank Pan Indonesia and Bank MNC Internasional all were unchanged.

The lead from Wall Street is uninspired as stocks failed to sustain an early move to the upside on Friday, eventually ending mixed.

The Dow added 64.89 points or 0.26 percent to 25,444.34, while the NASDAQ shed 36.11 points or 0.48 percent to 7,449.03 and the SP fell 1.00 point or 0.04 percent to 2,767.78. For the week, the NASDAQ fell 0.6 percent, while the Dow rose 0.4 percent and the SP 500 was nearly flat.

Early buying interest was generated by China when the heads of the People’s Bank of China, the Securities Regulatory Commission and the Banking and Insurance Regulatory Commission all issued statements of support for the markets following disappointing data and heavy selling.

A positive reaction to upbeat earnings news from big-name companies such as Procter Gamble (PG), American Express (AXP) and Honeywell (HON) also contributed to the early strength.

Traders were reluctant to make more significant moves, however, as concerns about rising interest rates and tension between the U.S. and Saudi Arabia continued to weigh on the markets.

Crude oil futures ended higher on Friday with investors weighing the possible impact of U.S. sanctions on Iran’s oil exports on crude supply in the market. Crude oil futures for November ended up $0.47 or 0.7 percent at $69.12 a barrel. For the week, oil futures tumbled 3.1 percent.

Little Movement Expected For Thai Stock Market

(RTTNews) – The Thai stock market has finished lower in three straight sessions, sliding nearly 30 points or 1.8 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,670-point plateau and it’s expected to remain in that neighborhood again on Monday.

The global forecast for the Asian markets is mixed and flat, with support from oil prices offsetting weakness among the technology stocks. The European markets were down and the U.S. bourses were mixed and little changed – and the Asian markets are tipped to follow the latter lead.

The SET finished modestly lower on Friday as the financial shares and energy producers were mostly in the red.

For the day, the index sank 15.00 points or 0.89 percent to finish at 1,667.91 after trading between 1,664.09 and 1,681.92. Volume was 14.603 billion shares worth 62.259 billion baht. There were 1,226 decliners and 306 gainers, with 344 stocks finishing unchanged.

Among the actives, Advanced Indo added 0.25 percent, while Thailand Airport skidded 1.61 percent, Banpu tumbled 2.75 percent, Bangkok Bank dropped 0.94 percent, Beauty Community jumped 1.69 percent, Bangkok Expressway shed 0.60 percent, Kasikornbank dropped 1.94 percent, Krung Thai Bank lost 0.99 percent, PTT fell 0.98 percent, PTT Exploration and Production added 0.70 percent, PTT Global Chemical dipped 0.65 percent, Siam Commercial Bank slid 0.70 percent, Siam Concrete declined 1.40 percent and Bangkok Medical and Charoen Pokphand Foods were unchanged.

The lead from Wall Street is uninspired as stocks failed to sustain an early move to the upside on Friday, eventually ending mixed.

The Dow added 64.89 points or 0.26 percent to 25,444.34, while the NASDAQ shed 36.11 points or 0.48 percent to 7,449.03 and the SP fell 1.00 point or 0.04 percent to 2,767.78. For the week, the NASDAQ fell 0.6 percent, while the Dow rose 0.4 percent and the SP 500 was nearly flat.

Early buying interest was generated by China when the heads of the People’s Bank of China, the Securities Regulatory Commission and the Banking and Insurance Regulatory Commission all issued statements of support for the markets following disappointing data and heavy selling.

A positive reaction to upbeat earnings news from big-name companies such as Procter Gamble (PG), American Express (AXP) and Honeywell (HON) also contributed to the early strength.

Traders were reluctant to make more significant moves, however, as concerns about rising interest rates and tension between the U.S. and Saudi Arabia continued to weigh on the markets.

Crude oil futures ended higher on Friday with investors weighing the possible impact of U.S. sanctions on Iran’s oil exports on crude supply in the market. Crude oil futures for November ended up $0.47 or 0.7 percent at $69.12 a barrel. For the week, oil futures tumbled 3.1 percent.

Lilly And Incyte Update Safety Analysis Of OLUMIANT

(RTTNews) – Eli Lilly and Company (LLY) and Incyte Corporation (INCY) announced findings from an updated integrated safety analysis of OLUMIANT (baricitinib) based on an ongoing long-term extension or LTE study of rheumatoid arthritis (RA) patients treated up to six years.

The analysis provides further support for the characterization of OLUMIANT’s safety profile, and was shared as an oral presentation today at the American College of Rheumatology (ACR)/Association of Rheumatology Health Professionals (ARHP) Annual Meeting in Chicago, Illinois.

OLUMIANT is indicated in the U.S. for the treatment of adults with moderately-to-severely active RA who have had an inadequate response to one or more tumor necrosis factor (TNF) antagonist therapies.

“Overall, the data show that OLUMIANT maintained its recorded safety profile,” said Terence Rooney, M.D., senior medical director, Lilly Bio-Medicines. “This integrated analysis reflects Lilly’s commitment to patient safety and our goal to ensure that the benefits and risks of our medicines are well-understood by the healthcare community.”

The long-term safety evaluation of OLUMIANT included all patients with active RA exposed to the medicine during eight randomized trials (including four Phase 3, three Phase 2 and one Phase 1b studies) and one LTE study (with data cut-off at April 1, 2017). Dose responses were evaluated based on the four Phase 2/3 trials in which patients were randomized to receive the 2-mg or 4-mg dose of baricitinib, including data from the LTE (the 4-mg dose of baricitinib is not approved for use in the U.S.). Incidence rates (IR) were calculated per 100 patient-years (PY).

Follow up investigations will continue to assess OLUMIANT’s long-term safety profile, including malignancies, VTE and MACE.

Japanese Market Pares Initial Losses

(RTTNews) – The Japanese stock market has pared initial losses and is modestly lower on Monday following the mixed cues from Wall Street Friday and on worries about U.S.-Saudi Arabia tensions. Investors are also cautious ahead of upcoming earnings results from major companies this week.

The benchmark Nikkei 225 Index is losing 67.02 points or 0.30 percent to 22,465.06, after falling to a low of 22,271.59 earlier. Japanese shares fell on Friday to extend losses from the previous session.

Among the major exporters, Sony is declining more than 1 percent, while Mitsubishi Electric and Panasonic are down almost 1 percent each. Canon is down 0.6 percent. SoftBank is lower by more than 1 percent.

Among auto makers, Honda is declining 0.3 percent and Toyota is down 1 percent. In the banking sector, Mitsubishi UFJ Financial is rising 0.3 percent, while Sumitomo Mitsui Financial is down 0.2 percent.

In the oil space, Japan Petroleum is losing almost 1 percent, while Inpex is adding more than 1 percent after crude oil prices rose on Friday.

In the tech sector, Advantest is edging up less than 0.1 percent and Tokyo Electron is adding 0.2 percent.

Among the best performers, Shiseido Co. is rising almost 3 percent, while NEC Corp. and Credit Saison are adding almost 2 percent each.

On the flip side, Kawasaki Heavy Industries is losing more than 9 percent and JXTG Holdings is lower by almost 4 percent. Rakuten, Ebara Corp., Nippon Electric and Showa Shell are all declining more than 3 percent each.

In economic news, Japan will see August numbers for its all industry activity index today.

In the currency market, the U.S. dollar is trading in the lower 112 yen-range on Friday.

On Wall Street, stocks closed mixed on Friday after failing to sustain an early move to the upside following a rally by Chinese stocks and upbeat earnings from major companies. Traders seemed reluctant to make more significant moves, however, as concerns about rising interest rates and tension between the U.S. and Saudi Arabia continued to weigh on the markets.

While the Dow rose 64.89 points or 0.3 percent to 25,444.34, the Nasdaq fell 36.11 points or 0.5 percent to 7,449.03 and the SP 500 edged down 1.00 points or less than a tenth of a percent to 2.767.78.

The major European markets also ended mixed on Friday. While the U.K.’s FTSE 100 Index rose by 0.3 percent, the German DAX Index dipped by 0.3 percent and the French CAC 40 Index fell by 0.6 percent.

Crude oil prices recovered some lost ground on Friday as investors shifted their focus back to the impending U.S. sanctions on Iran’s oil exports, which will come into force on November 4. WTI crude for November added $0.47 or 0.7 percent to $69.12 a barrel on the New York Mercantile Exchange.