WEEKLY TOP GAINERS/LOSERS: 04.07.2018


Top Gainers – The World Market

1. SBERBANK (ADR) – stock prices of the Russian bank rose after the successful placement of government bonds in the amount of 50 billion rubles. ($800 million).

2. RWE AG – stock prices of the German energy company rose amid good financial forecasts, as well as the acquisition of energy assets in the US by a subsidiary of RWE Innogy.

Top Losers – The World Market

1. Sands China Ltd – stock prices of the Chinese owner of hotels and casinos in Macau fell after the publication of data on the aggregate profit of the gaming industry. Macau is the only Chinese territory where gambling is allowed. In June, the aggregate profit of casino operators increased for the 23rd consecutive month. The growth was 12.5%. Nevertheless, investors were disappointed, as it was expected that the growth would be 17-21%.

2. Tesla Motors Inc. – stock prices of the US manufacturer of electric cars fell after the announcement of the suspension of the release of the new Model 3 for several days. In the last week of June, the company reached the target level of 5 thousand electric vehicles. However, investors doubt that it can persist for a long time.

Top Gainers – Foreign Exchange Market (Forex)

1. USDCNH - the growth of the Chinese yuan on the chart indicates its weakening against the US dollar. Investors are afraid of a new round of trade war between the two countries after the entry into force of customs duties on the import of Chinese goods to the US for $34 billion a year.

2. CADJPY, CADCHF - The Canadian dollar strengthened against the yen and the Swiss franc amid stable high world oil prices - a significant part of Canada's exports. The growth of business activity in the manufacturing sector and an increase in the IHS Markit Canada Manufacturing PMI were additional positive factors.

Top Losers - Foreign Exchange Market (Forex)

1. USDCAD - the decline of this chart indicates the strengthening of the Canadian dollar against the US dollar. The reasons are indicated in the previous section.

2. NZDJPY, NZDCHF - The New Zealand dollar has weakened amid risks of trade wars and a possible deterioration of the Chinese economy. China is an important trading partner of New Zealand. An additional negative was the decline in powdered milk prices. Dairy products account for about a quarter of New Zealand's exports.