Friday, March 20, 2015

Market News In 2 Minutes @ 20th March 2015

As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too.

Hence, I started this "Market News In 2 Minutes" series.

Following are the "Market News In 2 Minutes" for today :

1. Noble Group (N21) - Has been thrust into the radar screens of Asian companies with its 30 percent share-slump, its market value shrinking by US$1.8 billion since February where reports by Iceberg resulted in share prices dropping drastically. Despite a focused effort to stay independent, various accounting issues and falling prices are flushing out buyers. (source : Shares Investment)

2. Roxy-Pacific Holdings (E8Z) - Has acquired 40 percent stake in properties in Brisbane with a total land area of about 2,571 square metres for $35.6 million, prompting Voyage Research to raise its valuation for the stock from $0.73 to $0.74. The raise is attributed to the increase to the net development gain from the newly announced project of $12 million and increase in exposure to the stock. (source : Shares Investment)


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