Hong Kong stock market finished session higher on Tuesday, 04 May 2021, as investors chased for bargain hunting after more than 3% losses in previous two sessions, with energy stocks leading the gains.
At closing bell, the benchmark Hang Seng Index added 0.7%, or 199.60 points, to 28,557.14. The Hang Seng China Enterprises Index climbed up 0.49%, or 52.72 points, to 10,765.72.
The sub-index of the Hang Seng tracking energy shares rose 2.3%, while the IT sector edged up 0.05%, the financial sector climbed 0.78% and the property sector gained 0.52%
Shares of with energy companies advanced on tracking strength in crude oil prices.
Sinopec led gainers among blue chips, rising 4.1% to HK$4.08, while PetroChina added 3.5% to HK$2.92
On a consolidated basis, Adani Ports & Special Economic Zone (APSEZ) posted 285% jump in net profit to Rs 1287.80 crore on 21.1% rise in total income to Rs 4072.42 crore in Q4 FY21 over Q4 FY20.On a consolidated basis, profit before tax soared by 500% to Rs 1539 crore in Q4 FY21 as against Rs 256.73 crore in Q4 FY20. The company s operating revenue grew 24% year on year to Rs 3,608 crore in Q4 FY21. EBITDA (excluding forex gain of Rs 24 crore in Q4 FY21 versus forex loss of Rs 1,004 crore in Q4 FY20) jumped 39% year on year to Rs 2287 crore in Q4 FY21.
Port revenue increased 30% to Rs 3123 crore in Q4 FY21 while revenue from logistics business declined 7% to Rs 268 crore in Q4 FY21 over Q4 FY20. The company s cargo volume surged 27% year on year to 73 MMT in Q4 FY21 as against 58 MMT in Q4 FY20.
Maruti Suzuki India posted total sales of 159,691 units in April 2021.
Total sales in the month include domestic sales of 137,151 units, sales to other OEMs 5,303 units and exports of 17,237 units.
Since April 2020 had lockdown due to COVID19 and almost zero sales, a comparison with April 2020 doesn t have any meaning.
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AstraZeneca said on Friday its COVID-19 vaccine contributed $275 million in sales and shaved off three cents per share from its first-quarter earnings, as the drugmaker reported better-than-expected results and forecast sales growth. This is the first time the drugmaker has given financial details from the distribution and sales of its vaccine. It has said it will not make a profit from the shot during the pandemic. Vaccine revenue included delivery of about 68 million doses worldwide, it said. Sales in Europe were $224 million, emerging market sales were $43 million, and $8 million in the rest of the world, it said. Total revenue, which includes payments from collaborations, rose 11% to $7.32 billion for the three months to March on a constant-currency basis, while core earnings stood at $1.63 cents per share, the Anglo-Swedish drugmaker said.
Ujjivan Financial Services fell 1.57% to Rs 204.10 after a special resolution to appoint Samit Ghosh as MD and CEO of the company was defeated as it didn t get the requisite share of votes.
As per the regulatory filing, the company had put to vote a special resolution to appoint Samit Ghosh as the managing director and chief executive officer of Ujjivan Financial Services for a period of 3 years w.e.f. 1 May 2021.
The proposal only garnered 70.5271% votes in favour while 29.4729% votes were casted against the proposal. Since this was a special resolution, it needs 75% votes in favour to be passed.
Another special resolution to approve the re-appointment of Abhijit Sen as an independent director of the company for a period of 5 years w.e.f. 13 September 2021, was also defeated. The proposal only garnered 70.5815% votes in favour while 29.4185% votes were casted against the proposal.