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Started: JohnLewis79, 16 Jun 2024 05:04
Last post: WestofEngland, 20 Jun 2024 16:20
Dear JL69,
Hope you are having good holidays.
You'll be amused that I went to see REA last week and said that I kept up with the Palm Oil Price; they asked me where I saw it and I later remembered that I read it on your morning reports!
Thank you in absentia for keeping me informed. Hopefully upon your return we'll be close to the MSI Statement.
Kind regards
West
I am on holiday.
Started: JohnLewis79, 15 Jun 2024 07:17
Last post: JohnLewis79, 15 Jun 2024 07:17
Issues 2932
Advances 1017
Declines 1883
U/c 32
NH 240
NL 158
T/vol(bn) 4•3
-------------
DJ -58 (38,589)
SP -2 (5432)
NS +83 (19,660) R
R2 -20 (1272)
WTI $78
10 yt/b 4•228%
-----------
MSCI (W) -12 (3492)
Gold Bugs +2 (262)
----------------
Close :- Vix 13. Brent $83.
Gold $2333. Copper $4•498.
Palm $1030. Silver $29•625.
Yen 157. Yuan 7•255.
$1•269. €1•185.
FF +15. DF -35.
Morning all.
Started: JohnLewis79, 14 Jun 2024 19:06
Last post: JohnLewis79, 14 Jun 2024 19:06
Shares fell 95p (7%) as sellers got the upper hand on Thursday & Friday but over the week the difference amounted to 248 shares in favour of sellers. Nevertheless its sentiment that more often than not drives share prices and it seems to have turned. Deals totalled 100 (114) on the week.
As to why the shares fell 7% I've no idea. Perhaps talk of the nos rumoured not to be up to expectations spooked investors? Who knows but I very much doubt it as the buy v sell ratio was 50:50 in vol terms and trade deals were nothing to write home about.
Wk 24
------
Sp 1000
L/yr 620
H 1060
L 493
7/88 113
--------
Trds 100
T/vol 71,500
Buys 35,600
Sells 35,900
Buy % 50
Av trd 715
-----------
Ytd
MSi +14%
100 +5%
250 +2%
All +5%
Aim +2%
-------
Mrk cap £177m
EV £135m
Roce 13%
Margin 9%
P/e 24
Div 3
-----------
Started: JohnLewis79, 14 Jun 2024 14:50
Last post: JohnLewis79, 14 Jun 2024 14:50
Yea I picked up a few like a drug addict on crack I can't resist a bargain. Hope it gives me the same kick! A fair bit of safety margin at this level, while the MM's seek sellers a shake to 950 is possible so keep your ammo ready.
Started: JohnLewis79, 14 Jun 2024 07:50
Last post: Taverham, 14 Jun 2024 09:46
Topped up with £1600 worth at around £10. Bargain - I hope!
JL79...I hope that we don't go back to my last purchase level !!!! LoL
Hi atrm2, yea the free float is tiny with approx 5-7m issue so inevitably there's a lot of churning going on by day traders and short-term players. I'm a consistent buyer but always look to purchase below my previous buy-in if I can.
Started: JohnLewis79, 14 Jun 2024 06:45
Last post: JohnLewis79, 14 Jun 2024 06:45
For the 4th straight day the 500 & Nsdq climbed to new record high closes, lifted by Nvidia ($130) and chip stocks. However the Dow fell for the 3rd straight session dragged down by Boeing, Amazon & Salesforce as 15/30 lost ground leaving the Dow up 3% ytd.
Lower than expected inflation data fanned hopes of an earlier rate cut which continues to underpin equity sentiment. A Labour Dept report showed US CPI unexpectedly fell 0•2% m-o-m in May and separately the nos of Americans filing new claims for benefits hit a 10 month high last week.
There was plenty of action among companies reporting. Nsdq component Broadcom the (11th) largest global Co gained 14% on 2Q nos beats and forecasts of higher revenue. A 10 for 1stock split on the heavyweight $1678 stock price will improve deal flows for private investors to purchase the stock.
Tesla never out of the headlines rose $5 to $183 but an underperforming sp down 27% ytd has kept investors away from the stock. Despite voting to improve his $56bn pay package and move the EV's maker home to Texas the love/hate feelings persist when it comes to Elon Musk.
Apple ($215) overtook MSOFT as the world's most valuable company with a mrkt value of $3•285tn marginally ahead of Microsoft ($3•281tn) and Nvidia ($3•188tn). Google and Amazon come in at 4th & 5th place, $2•172tn & $1•913tn respectively. In 1984 you could have bought Apple for $0•13.
In other news the space exploration company Virgin Galactic fell 14% to $0•73 following a reverse 1 for 20 stock split aimed at maintaining minimum share price requirements to cont to list on the NYSE. VG shares are off 65% ytd.
Since Branson took the company public 5 years ago its been a slippery slide downhill as delay after delay sent sentiment and the shares tumbling. As the burn rate soars towards $600,000 a seat VG needs future spacecraft flying weekly.
Nyse data
Issues 2883
Advances 1018
Declines 1778
U/c 87
NH 69
NL 67
T/vol(bn) 4•9
------------
DJ -65 (38,647)
SP +13 (5434) R
NS +112 (19,577) R
R2 -13 (1293)
WTI $78
10ytb 4•262%
-----------
MSCI(W) -12 (3504)
Gold Bugs -7 (260)
---------------
Latest :- Vix 12. Brent $82.
Gold $2306. Copper $4•493.
Palm $1035. Silver $29•065.
$1•276. €1•187.
FF +33. DF +22.
Morning all.
Started: JohnLewis79, 13 Jun 2024 16:12
Last post: atrm2, 13 Jun 2024 20:50
Is very eratic the shareprice day to day, lack of liquidity maybe. Hoping full year results are good.
C'mon let's get real Aim stocks are not supposed to be profitable or pay dividends etc... Anyone investing here at first glance might think MSi is a duff no hoper. Well, surprise surprise it aint. Perhaps the bluest of blue pension funds, the Royals and football heroes (ok im joking) don't hold MSi in their portfolios.
Instead your average Joe Public propping up the bar at the Old Bull & Bush holds MSi. Probably lives in Doncaster or thereabouts, drinks Guinness and goes to Town Moor where the race once called the Rockingham Stakes was first held and is now known as the St Leger meeting.
Of course he might also live in Saaarf London, drinks Guinness, props up the bar at the Old Horns Tavern and goes racing at Sandown and that graveyard of punters Ascot. The course made £5m pbt last year from 300,000 visitors to the 5 day meeting which should tell you something.
Take plenty of cash as general admission is c.£50-65 a day before a £15 hot dog and a pitcher of Pimms (£40). Fair play you can take your soggy sarnies into the Windsor enclosure, sit on the grass and watch your money disappear up the 5 furlong strait.
If your ever in this Manor pop in I might be in the chair.
Started: JohnLewis79, 13 Jun 2024 07:45
Last post: JohnLewis79, 13 Jun 2024 07:45
Since Mon sells are outpacing buys by 1•50:1 (20k to 14k) shares drop 75p 'bout right I guess in these take your pick mrkts. Could be buyers get another opportunity to add in the 950s which I didn't expect.
Expectation levels remain high so I wouldn't be overly concerned about the recent volatility to the downside. Take it as a top up oppo if your a believer and if your new to MSi note the company is debt free has stacks of cash, a strong order book and pays a decent dividend.
What's not to like?
Started: JohnLewis79, 13 Jun 2024 06:49
Last post: JohnLewis79, 13 Jun 2024 06:49
Wall St ended mostly higher yesterday as the CPI nos cooled in May. Fed Officials dampened expectations for 2 rate cuts this year signalling one cut, most likely Sept but definitely before the end of the year.
The S&P and Nsdq continued to climb both posting new record highs by the close fuelled in part by Nvidia up another $5 to $126 (record) and Apple overtaking Microsoft as the world's most valuable company in some lists as the big continue to get bigger.
Apple stock topped the DJI gaining 4% to $214 crossing $200 for the first time (adj for stock splits) as investors warmed to Apple's new variety of iPhones which include the integration of OpenAi ChatGPT directly onto its iPhone app. Oracle jumped 12% on further investor reflection forecasting double digit revenue increases in 2025, ended the session up $17 at $141. Closing down its unprofitable advertising business has pleased shareholders.
Paramount Global which is down 23% this year eased to $11 after Shari Redstone ended their long running efforts to merge with the company. The company now has to grapple with a shrinking base of cable TV customers and a slowdown in the advertising market pressuring a $15bn debt load.
Paramount is run by the Office of the CEO its 3 leaders who replaced Bob Bakish in April will now have the unenviable task of guiding Paramount out of its crisis.
---------
Nyse data
Issues 2886
Advances 1974
Declines 827
U/c 85
NH 163
NL 32
T/vol(bn) 4•0
------------
DJ -35 (38,712)
SP +46 (5421) R
NS +255 (19,465) R
R2 +21 (1306)
WTI $78
10ytb 4•321%
----------
MSCI(W) +36 (3516)
Gold Bugs +2 (266)
---------------
Latest :- Vix 12. Brent $82.
Gold $2310. Copper $4•511.
Palm $1020. Silver $29•200.
$1•278. €1•183.
FF -31 DF -38.
Morning all.
Started: JohnLewis79, 12 Jun 2024 06:49
Last post: JohnLewis79, 12 Jun 2024 06:49
Nyse data
Issues 2886
Advances 1057
Declines 1749
U/c 80
NH 57
NL 63
T/vol(bn) 3•6
------------
DJ -121 (38,747)
SP +15 (5375) R
NS +136 (19,210) R
R2 -5 (1285)
10ytb 4•409%
WTI $78
------
MSCI(W) -2 (3480)
Gold Bugs -3 (264)
---------------
Latest :- Vix 13. Brent $82.
Gold $2312. Copper $4•538.
Palm $1012. Silver $29•570.
$1•274. €1•186.
FF +35. DF +21.
Wall St stocks dipped as investors took a cautious view ahead of the Feds decision on key US consumer price data being released today before the mrkts open. Many anticipate a consolidation period for equities after big advances in the tech sector this year though the 500 & Nsdq posted new highs the Dow continues to drag losing 121 yesterday, up 3% this year.
Apple stormed to a record high after unveiling more appealing Ai features on its range of smart phones. Stock rose $14 to $207 valuing the company at $3•176tn knocking Nvidia ($2•974tn) off 2nd place in the most valuable global company stakes. Oracle jumped 8% to $136 after announcing Open Ai deals with Google, Msoft and Amazon. Despite 4Q earnings miss Larry Ellison was bullish on the Co prospects.
GM inched up to $48 after announcing a $6bn share buyback plan in addition to the $10bn buyback of Nov last. GM President L.Reuss sold 50,000 shares of the company stock on June 6 & 10 for a total sale of $2•312m. GM is having a good year up 33% ytd.
In other news the World Bank raised its global growth forecast outlook on back of resilient consumer spending in the US now projecting the world economy to grow by 2•6% this year and 2•7% in '25 & '26, a level well below the 3•1% global average in the pre covid decade.
Morning all.
Started: JohnLewis79, 11 Jun 2024 10:33
Last post: JohnLewis79, 11 Jun 2024 10:33
Chemring inched up 1p to 385
After the defence group won a £65m explosives order from Northrop Grumman. Let's hope MSi are getting a slice of the defence pies being dished out globally.
Started: JohnLewis79, 11 Jun 2024 08:10
Last post: JohnLewis79, 11 Jun 2024 08:10
Despite buys outpacing sells yesterday (never a measure to depend on for investment decisions) the shares fell 30 and some way off record intra-day highs of 1085.
As ever but a snapshot in time and as more traders are attracted here pre the f/y nos expect more volatility in the coming few weeks. Support looks to be c.950-1000p in the short-term. Above that it's anybodies guess.
As a reference point last year's PBT was £5•08m on revenues of £84m. I'd expect the upcoming f/y nos to be considerably better. At a wild guess pbt of £20m on 17m shares in issue would give 118 earnings per share (20x) which is hardly expensive for a growth stock.
That might be above consensus forecasts of most so easy to work backwards to your preferred number.
Started: JohnLewis79, 11 Jun 2024 06:46
Last post: JohnLewis79, 11 Jun 2024 06:46
Traders on the street were reluctant to make signficant moves ahead of several key events later this week. The Fed's monetary policy meeting and release of US consumer price inflation data will keep traders honest.
Stocks showed a lack of direction during trading extending the lacklustre performance of the previous 2 sessions. Despite the choppy trades the Nsdq & S&P hit record closing highs.
Nvidia added $0•90 after splitting on a 10 for 1 basis yesterday closing at $121•60. Nvidia was among the 10 most expensive S&P components by share price (those over $1000) but now trades in line with the S&P median $118 a share. Some investors think the stock will soon be included in the blue chip Dow index.
Gold slid on USD strength and news of ECB & BOC cuts in rates. Sentiment was also hit as China's Central Bank paused its buying splurge on gold. However gold's safe haven value continues to support gold around $2300.
Nyse data
Issues 2890
Advances 1402
Declines 1403
U/c 85
NH 67
NL 59
T/vol(bn) 3•6
------------
DJ +69 (38,868)
SP +14 (5361) (R)
NS +74 (19,075) (R)
R2 -6 (1290)
WTI $78
10ytb 4•451%
-----------
MSCI(W) u/c (3482)
Gold Bugs +4 (267)
---------------
Latest :- Vix 13. Brent $81.
Gold $2303. Copper $4•512.
Palm $1020. Silver $29•305.
$1•274. €1•187.
FF +4. DF -53.
Morning all.
Started: JohnLewis79, 10 Jun 2024 09:39
Last post: JohnLewis79, 10 Jun 2024 09:39
Bit of profit taking early on by skittish pis, no bad thing to take a profit while you can. I'd be interested if the shares fell anywhere near 900-950 which is a possibility on any Aim share that's had a run up like MSi recently. I watch and wait.
Started: JohnLewis79, 10 Jun 2024 06:47
Last post: JohnLewis79, 10 Jun 2024 06:47
Stronger than expected jobs growth (272,000 jobs created) in May and an unexpected uptick in US unemployment nos set Asian mtkts on a down path in morning trade as hopes of a Sept rate cut faded. These 2 pieces of news prompted a $40 sell off in gold. Not helping was news that the People's Bank of China reported it did not buy any gold last month for the first time in 18 months.
However Japanese stocks which are up 16% this year bucked the trend trading over 200 higher at the morning break led by heavyweights, motors and financials after Japan's GDP fell less than forecast in Q1. Exporters Sony, Panasonic & Sharp were chased higher as buyers returned to the retail sector.
Elsewhere markets in China HK & Taiwan are closed for the Dragon Boat Festival held on the 5th Day of the 5th month of the Chinese Calender. This is celebrated by staging boat races and eating rice dumplings called zongi which were southern Chinese traditions beloved by then Prime Minister Chu during the Warring States Period 600 B.C to 200 B.C.
Sydney is on a day off for King Charle's 111 official birthday celebrations. Pacificas are flat to lower in directionless trade with Malaysia the best performer, a rare event up 11% ytd and just short of a 52wk high.
Latest :- Vix 12. Brent $80.
Gold $2296. Copper $4•459.
Palm $1035. Silver $29•250.
$1•271. €1•182. 10ytb 4•451%
FF -52. DF -8.
Morning all.
Started: JohnLewis79, 8 Jun 2024 13:11
Last post: JohnLewis79, 8 Jun 2024 13:11
Hi pharmhall you have certainly been in a hell of a lot longer than myself and well done for getting in early! I first looked at the company in early 2021 when the stock was in the low 100's as one to watch and that's what I did. Sat there sucking my thumb as the shares motored up.
I kid myself I got sidetracked into a 'bluesky' W.African gold miner which has yet to pay its way and is costing me money for my hesitancy.
I eventually woke up and started buying MSi at 390-410s..... cashing in my chips in a couple of my others to add here. My avc is up some but a double bagger is on the cards. That decision has paid off very well for a change! I certainly intend to hold for the next few years as a bid for the company or the defence division or a wholesale restructure cannot be ruled out.
I'd be surprised if we don't hear more on this at the F/Y statement as its an obvious concern for shareholders not that we are in a position to do anything about the current state of affairs being minority holders, very much dependent on the board to seek the best outcome for all.
I'd be more than happy for Nicholas Bell to take over full control as I'm sure he has able lieutenants and will have intimate knowledge of the business. He's in a very enviable position to make his mark if given a chance. I'm assuming that's his intention.
I'm sure the other major holders will support him. It's going to be an interesting few years!
Started: JohnLewis79, 8 Jun 2024 07:10
Last post: Pharmhall, 8 Jun 2024 12:08
JL79, don't misread me. I really like MSI and have been following the company for 20 years. I traded in and out of the stock quite well in the early years. Then had a long period out when things were tough 2012-2020. I bought in again in my ISA in November 2020 10k (fortunately!) @113.75p and added again in my SIPP in 2023 6K @505p when I saw the directors were buying. So you can guess that I am a very happy shareholder !! But I also see so much more to come with all these new defence orders and am eagerly awaiting the FY results. The main risk that I see with the company is the age 4/5 of the BoD, hence my comment on succession.
True, and almost certainly Michael Bell's son. But apart from Nicholas Bell (age 50) the other four Board members are aged between 75 and 79, so, in addition to Nicholas, planning for future should already have started.
Nicholas Bell joined MSi in Oct 1999 an was appointed to the board in 2013. Currently he is MD at MSi-Forks.
Started: JohnLewis79, 8 Jun 2024 06:55
Last post: JohnLewis79, 8 Jun 2024 06:55
Nyse data
Issues 2886
Advances 771
Declines 2028
U/c 87
NH 54
NL 57
T/vol(bn) 3•7
------------
DJ -87 (38,799)
SP -6 (5350)
NS -20 (19,001)
R2 -14 (1296)
WTI $75
10ytb 4•439%
-----------
MSCI(W) -11 (3479)
Gold Bugs -19 (263)
----------------
Close :- Vix 12. Brent $79.
Gold $2293. Copper $4•447
Palm $1035. Silver $29•270.
$1•272. €1•177.
Yen 157. Yuan 7•25.
FF -29. DF +5.
Morning all.
Started: JohnLewis79, 7 Jun 2024 18:56
Last post: JohnLewis79, 7 Jun 2024 18:56
It's been a very good few days since the Spring Bank Holiday.
MSi shares getting a boost on renewed investor interest heading to the F/Y nos due shortly.
News of mounts being fitted on Malaysia's new small surface combat ship and a further 4 FPB-98 Mk 1 fast patrol boats being delivered to Ukraine making 12 since May 2023 (8 more to go) is confirmation of MSi keeping customers and gaining new revenue streams from the Pacificas which could be a source of revs for years to come.
A decent uplift in volumes and bargains dealt saw the shares close up 60p on the week and 23% on the year so far.
MSi
Wk 23
-----
Sp 1060-1075
L/y 600
H 1060
L 493
7/88 113
--------
Deals 114
T/vol 90700
Buy 51500
Sell 39200
Buy % 57
Av 796
---------
Ytd
MSi +23%
100 +6%
250 +4%
All +7%
Aim +4%
---
Evening all.
Started: JohnLewis79, 6 Jun 2024 13:29
Last post: Taverham, 7 Jun 2024 15:09
Pharm, ref succession - I thought the chairmans son had a senior position and was lined up to takeover?
Meanwhile the sp creeping up indicates either stakebuilding because the bod are looking to sell or some big orders are/have arrived. These sp movements are not by chance!
If you look back over the last five years, MSI puts out very few announcements, so company is simply doing what it always does. Outside Stonehenge Fleming (9.95%), there are no institutional shareholders to speak of. Key is the Board and former board member hold 55.2% of the stock and have only been adding/protecting from tax in the last two years. Not much stock for anyone else.
On the upcoming results (ca.21st June), admittedly only back of the envelope (not enough information to do more!), in H1'24 MSI had EPS of 40p when there was zero contribution from the US contracts. Just repeating this in 2H'24 would give 80p, then add in a part contribution from the US and you get 100p. So trading on just over 10x for a growth story. Can't wait for the actual results.
Only issue for me is succession planning...the board members are not young!
Good communication between the board and shareholders is a prerequisite imo. MSi don't cover themselves in glory on that score (only 2 inconsequential announcement in 6 months).
Zzzzzzz.
No doubt behind the scenes major holders are being kept in the know. So if your the type of shareholder who needs constant news flow and hand holding look elsewhere for your fix.
MSi are by no means the only company to be slow coming forward which doesn't surprise me as unless the major holder owns the company and can do as he pleases keeping other OWNERS up to speed is in his remit. I had a list of companies that treated shareholders in an offhand manner but have misplaced it you might have been one of them?9
Pis tend to get edgy if there's a lack of communication. The nos are one thing having quantitative evidence about market opportunities is very important as are the qualitative capabilities of the management. Combine the two and you have a happy band of OWNERS!
I guess we'll have to rely on the shares going up on the hopes the jobbers have called it right! As ever we won't know the 2 most important metrics, ROCE & EPS.
Fingers crossed.
Started: Pharmhall, 7 Jun 2024 13:57
Last post: Pharmhall, 7 Jun 2024 13:57
In 2023, MSI won two significant orders. Neither of these contributed to 1H'24 results. The first was a 'first order ever' for its new anti-drone device...its a shame that we have not seen a follow-on order so far in 2024. The second was a £54m order for the US Navy. Both of these are expected to make a contribution in the second-half, and also into fiscal 2025.
Started: JohnLewis79, 7 Jun 2024 09:08
Last post: WestofEngland, 7 Jun 2024 12:26
I agree with Taverham and you.
There may be reasons they don't want to make a lot of noise and perhaps we should respect that. Its only three weeks to the results and then the AGM in August. Nobody at the company has been anything other than helpful and responsive at the AGM.
West
Fair point Tav but sometimes I feel a bit of 'trumpet blowing' is warranted.
Started: JohnLewis79, 7 Jun 2024 06:30
Last post: Taverham, 7 Jun 2024 08:57
John, this is one of the best performing companies on aim and frankly they let the numbers do the talking. The worst performing companies seem to shower the markets with rns statements designed to decieve so I am very happy here but not so elsewhere!
Nyse data
Issues 2885
Advances 1296
Declines 1500
U/c 89
NH 97
NL 30
T/vol(bn) 3•6
-------------
DJ +79 (38,886)
SP -1 (5353)
NS -14 (19,021)
R2 -8 (1311)
WTI $76
10ytb 4•302%
----------
MSCI +6 (3490)
Gold Bugs +10 (282)
----------------
Latest :- Vix 13. Brent $80.
Gold $2382. Copper $4•657.
Palm $1060. Silver $31•320.
$1•279. €1•174.
FF +10. DF +70.
Morning all.
Started: JohnLewis79, 6 Jun 2024 06:56
Last post: JohnLewis79, 6 Jun 2024 06:56
Yesterday the 500 and Nsdq both posted record all-time highs. The rally especially among big tech FAANG stocks sent Nvidia soaring above Apple into the 2nd most valuable global company behind Microsoft.
Nvidia's mrkt cap hit $3•011tn and has doubed in value this year after tripling last year on back of soaring demand for it's semiconductors which power Ai applications.
While Nvidia scores well on mrkt cap bragging rights in terms of earnings it lags Saudi Aramco (1), Apple (2) and Microsoft (3) by not being in the top 300.
There were other happenings in the mrkt Hewlett Packard ($36) topped the benchmark index with a 12% rise forecasting 3Q revs above Street estimates but Dollar Tree ($114) reversed earlier gains slipping 5% after a disappointing Q profit forecast.
Intel ($31) gained 2% after Apollo Global Management agreed to buy a 49% equity interest for $11bn in a joint venture and Crowd Strike ($342) jumped 10% on 2Q forecasts for revs & profits way above estimates.
Nyse data
Issues 2883
Advances 1857
Declines 945
U/c 81
NH 100
NL 47
T/vol(bn) 3•6
------------
Latest :- Vix 13. Brent $79.
Gold $2368. Copper $4•649.
Palm $1040. Silver $30•530.
$1•279. €1•175.
FF +24. DF -16.
Morning all.
Started: JohnLewis79, 5 Jun 2024 06:54
Last post: JohnLewis79, 5 Jun 2024 06:54
Positive cues from Wall St overnight saw a mixed reaction from investors in Asia this morning. As global yields ease and optimism over data showing weakness in the labour market should encourage the Fed to lower rates in Sept by 0•25 basis.
The Bank of Canada and the ECB are scheduled to make monetary policy announcements today and Thursday with crucial US jobs data on Friday. In April softer than expected labour mrkt data saw job openings fall to their lowest level in 3 years.
On Wall St stocks fluctuated over the course of the session before eventually ending higher the Dow up 140 points. Honeywell, Boeing and Cisco topped the big boards 21 gainers. Going down Dow inc, JPMC & 3M Co. Stocks in real estate and consumer staples sectors advanced while materials and energy were the bigest losers.
Megacap techs moved higher, Nvidia yet again leading the pack to another record close up $14 to $1164. Holders can look forward to a 10 for 1 stock split in June, investors will receive 9 additional for every 1 owned. The company had previously done a 3 for 1 split in 2021. This won't effect the company valuation but will increase the shares in circulation. As of today the outstanding stock is 2•468bn.
Oil giants Exxon and Chevron fell back as demand concerns weighed on crude prices. Bigest loser was Bath & Body Works ($45) off 7% and Paramount Global ($12) Shari Redstone's family owned company fell 4% after the media conglomerate confirmed that terms to merge with Skydance in an $8bn deal have been agreed.
Total volume of shares traded across US exchanges was 10•6bn below the 20 day average of 12•6bn.
---------------
Nyse data
Issues 2888
Advances 1093
Declines 1729
U/c 66
NH 69
NL 54
T/vol(bn) 3•7
-------------
Latest :- Vix 13. Brent $78.
Gold $2341. Copper $4•543.
Palm $1030. Silver $29•820.
$1•277. €1•174. 10ytb 4•345%
FF +48. DF +85.
Morning all.