Asia shares pressured, but not dramatic

With the biggest one-day losses in about eight months plaguing Wall Street yesterday, Asian equities continued the bearish sentiment, though not quite to the same degree. Considering the US30 index fell 3.9%, the SPX500 4% and the NAS100 5.3%, today’s losses of 0.97% for the JP225 CFD and 2.4% for the HK33 index and 0.66% for China shares appear small by comparison.

Ring Energy Inc. (REI) had a rough trading day for Wednesday October 10 as shares tumbled 9.05%, or a loss of $-0.77 per share, to close at $7.74. After opening the day at $8.54, shares of Ring Energy Inc. traded as high as $8.54 and as low as $7.61. Volume was 1.16 million shares over 8,128 trades, against an average daily volume of 733,020 shares and a total float of 60.39 million.

Stoneridge Inc. (SRI) had a rough trading day for Wednesday October 10 as shares tumbled 5.78%, or a loss of $-1.53 per share, to close at $24.93. After opening the day at $26.43, shares of Stoneridge Inc. traded as high as $26.43 and as low as $24.83. Volume was 345,381 shares over 3,179 trades, against an average daily volume of 279,496 shares and a total float of 28.48 million.

SINGAPORE–Asia’s petrochemical shares slumped on Thursday, tracking steep losses in regional bourses following a heavy sell-off in US equities overnight amid fresh concerns over slower global growth.

Walmart Inc. (WMT) traded on unusually high volume on Oct. 09, as the stock gained 2.52% to close at $97.08. On the day, Walmart Inc. saw 11.57 million shares trade hands on 85,181 trades. Considering that the stock averages only a daily volume of 6.77 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

SK Materials will post robust earnings in the third quarter, said Korea Investment and Securities on Oct. 10 maintaining a “buy” recommendation and 250,000 won (US$221.02) target price.

BlackRock Inc. (BLK) traded on unusually high volume on Oct. 09, as the stock lost 2.49% to close at $459.71. On the day, BlackRock Inc. saw 873,091 shares trade hands on 14,601 trades. Considering that the stock averages only a daily volume of 532,630 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

NEW DELHI: Mutual fund houses have made investments of over Rs 11,600 crore in domestic equities in September despite volatility in stock markets, even as foreign investors pulled out a massive Rs 10,825 crore. The sell-off by foreign portfolio investors (FPIs) from the Indian equity markets has provided an opportunity to mutual fund managers, experts believe.

FirstEnergy Corp. (FE) traded on unusually high volume on Oct. 08, as the stock gained 0.18% to close at $38.05. On the day, FirstEnergy Corp. saw 5.77 million shares trade hands on 29,732 trades. Considering that the stock averages only a daily volume of 3.54 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Being a sell-side electronic equities trader is a more exacting line of work these days.