9
September 2014
Capital Markets: Market Movers
Top 3 Overperformers
Company
Market Close
One Month Change
Recent News
$368.75
10.4%
On Aug. 24, The Hindu Business Line reports: Public sector oil
stocks have been on a roll this month. Oil refiners Indian Oil, HPCL
and BPCL have gained between 10% and 16% while upstream
companies ONGC and Oil India are up 6% to 9%.
$303.00
8.2%
On Aug. 6, The Japan Bank for International Cooperation signed a
loan agreement for project financing totaling up to $2.5 billion with
Cameron LNG, LLC (Cameron). This loan will finance Cameron's
construction and production of LNG made from shale gas and
conventional gas produced in the US.
$1.50
7.9%
On June 24, China Oil And Gas Group Limited (SEHK: 603)
acquired Baccalieu Energy Inc from the existing shareholders for
approximately CAD 240 million in cash.
Top 3 Underperformers
Company
Market Close
One Week Change
Recent News
$69.26
-7.2%
Baker Hughes Incorporated (NYSE:BHI)’s stock is up almost 22%
year-to-date with July being its highest total since 2011.
$68.78
-7.1%
On July 23, Halliburton stock reached a 10 year record high closing
at $74.02. Its stock has leveled off slightly but remains high based
on a good Q2 earnings report.
$93,900.00
-5.3%
On Aug. 19, Korea Joongang Daily reports: Korean refiners
suffered a painful second quarter due to a reduced refining margin
and a strong Korean won as they pushed to reduce marketing
costs to survive.
Source: Public Filings; Capital IQ as of 3/26/14
