Daily Market Report Saudi Arabia Stock Exchange January

Transcription

1 ` 11: 11:15 1-Jan 11:3 11:5 12: 12:15 12:3 12:5 13: 13:15 13:3 13:5 1: 1:15 1 1:3 1:5 15: 15:15 15:3 January 1 21 TASI Index 8, % Turnover (SAR mn) 6,518.6 % Research Department research@alrajhi-capital.com Tel: /Fax: TASI Intra Day Movement Global commentary 8,7 Intraday Previous Close 8,72 8,7 8,68 8,66 8,6 8,62 8,6 TASI Activity Trend (Last 1 Days) US stocks sold-off sharply on Monday on concerns about the weak December jobs report (released on Friday) and comments from a Federal Reserve official about a further reduction in stimulus. Separately, the US government recorded a budget surplus of $53bn in December, the largest on record for the month of December. The S&P5 slipped 1.3%, while the Dow fell 1.1%. European markets moved moderately higher, led by banking stocks, after the Basel Committee on ing Supervision diluted a leverage-ratio rule for banks on Sunday. The DAX gained %, while the CAC and the FTSE1 indices gained.3% each Turnover (LHS, SAR bn) TASI Index (RHS) 8,8 8,6 8, Regional Indices Close 1D% WTD% YTD% KSA (TASI) 8, Qatar (DSM) 11, Kuw ait (KSE) 7,627 - Abu Dhabi (ADSM), Dubai (DFM) 3, Oman (MSM3) 7, Bahrain (BSE) 1, MSCI GCC Major Commodities / Currencies Close 1D % WTD % YTD % Gold Spot $/Oz 1, Silver Spot $/Oz Crude Oil (Brent) OPEC Basket Euro USD Index JPY Major Global Indices Close 1D % WTD % YTD % DJ Industrial 16, S&P 5 1, Nikkei , Hang seng 22, FTSE 1 6, CAC, MSCI World 1, MSCI EM Interest Rates 1M 3M 12M 3M Chg 1Y LIBOR (USD) SAIBOR EIBOR Source: Bloomberg Updated as of 1/Jan/21 9:26 AM Most Asian markets are trading lower today, following the cues from US markets. The Nikkei 225 is leading the losses, down 2.%, while the Hang Seng and the KOSPI are down % and.1% respectively. However, the Shanghai Composite index is trading % higher. UAE markets continued to outperform the GCC region. Dubai and Abu Dhabi gained 1.3% and.9% respectively, as both markets made a new-five-year high. Qatar rose.9%, recording its tenth consecutive day of gain, to close above the 11, level for the first time in five years. TASI closed 3 points lower TASI recovered its early losses to close only marginally lower at yesterday. However, market breadth remained largely negative as nine sector indices closed in red whereas only six closed in green. 93 stock prices declined compared to 2 moved up. Trading turnover remained relatively high at SAR6.5bn. The decline was led by Petrochemicals (-%) and Telecom (-.35%) whereas ing supported the broader index with a gain of %. Retail sector also gained.3% along with (+1.3%). Besides large cap loosers, Energy & Utility (-5%), Cement (- %), Real Estate (-%) and Hotel & Tourism also lost some ground. Major News Ministry of Housing plans to partnership with the private sector: The Ministry of Housing plans to implement projects in partnership with the private sector in 1 cities as a first stage, to be followed by other projects in different locations. The Ministry of Housing recently held a workshop entitled "The partnership with the private sector" inaugurated by the Minister and the participation of relevant government agencies and real estate companies. (Argaam) Inflation on December declined to 3%: the level of inflation in Saudi Arabia decreased in December to 3%, compared to November and compared to the base year of 27. As announced by Department of Statistics and Information the cost of living rose to 128. points during December 213, compared to 12.7 points during December 212. (Argaam) Disclosures: Please refer to the important disclosures at the back of this report. 1

2 Cement Industries Building Retail Energy Multi invt Hotels Media TASI Large Cap (>1% Index weight) Sectors Performance TASI Top Gainers / Losers - - TASI Petrochem s Telecom Al-Ahlia Coop Ins United Intl Riyad Al Khaleej Train Saudi Inv Bk Arabian Cement Alujain Corp Yanzab Al Mouw asat Amana Coop Ins TASI Mid Cap (5-1% index weight) Sectors Performance TASI Top Index Movers / Losers (Heavy weight stocks) Company Last Price Chg % Index Imp Value Trd (SAR mn) Riyad Jarir Mktg Saudi Inv Bk Sipchem Sabic Real Estate Agri Company Last Price Chg % Index Imp Value Trd (SAR mn) Yanzab Banq Saudi Fr Arabian Cement STC Al Tayyar TASI Small Cap (<5% index weight) Sectors Performance TASI Volume Leaders Alinma Bk Dar Al Arkan Saudi Kayan Petro Rabigh Emaar Eco City Zain Saudi Saudi Re For Coo Know Econ City Sabic Saudi Arab Coop Ins TASI Stocks Closer to 52 Week High TASI - Stocks Closer to 52 Week Low Company Last Price 52Wk High % Diff Value Trd (SAR mn) United Intl % Jarir Mktg % Saudi Pharm Ind % 6.15 Bupa Arabia % 392 National Gas & Ind % Source: Al Rajhi Capital, Bloomberg Company Last Price 52Wk Low % Diff Value Trd (SAR mn) Sanad Coop Ins % 8.17 Al Rajhi Takaful 2.7.1% 3.31 Arabian Shield % 8.27 Salama Coop Ins.5 % 1126 Axa Cooperative % Disclosures Please refer to the important disclosures at the back of this report. 2

3 1 DSM Telecom Real Estate ADSM Real Estate Energy Telecome s Fin. Industrial DFM Reality Investment Telcom Performance of Regional markets Country Last Index Change (%) MCap Volume Turnover P/E (x) P/E (x) P/E (x) P/B (x) Div Yld Close 1D 1M YTD US$ bn mn shr US$ mn 212A Current 213E Current 12M (%) Saudi Arabia 8, , Qatar 11, Dubai 3, , Abu Dhabi, Kuw ait 7, NA 3.7 Oman 7, Bahrain 1, Source: Al Rajhi Capital, Bloomberg Dubai Activity Trend (Last 1 Days) Dubai Sector Performances Dubai Top Gainers / Losers Turnover (LHS, AED bn) DFMGI Index (RHS) 3,6 3,5 3, 3,3 3,2 3, Dubai Islamic Ins Union Properties Deyaar Devt Shuaa Capital Takaful House Gulf Navigation ENBD Abu Dhabi Activity Trend (Last 1 Days) Abu Dhabi Sector Performances Abu Dhabi Top Gainers / Losers Turnover (LHS, AED bn) ADSMI Index (RHS),8,,,36,32,28,2,2,16,12,8 - - Rak Properties Emirates Driving Sharjah Islamic Bk Ras Al Khaimah Co Waha Capital Green Crescent Ins Al Khazna Ins Methaq Takaful UNB - 93 Intl Fish Farming Qatar Activity Trend (Last 1 Days) Qatar Sector Performances Qatar Top Gainers / Losers Turnover (LHS, QAR bn) DSM Index (RHS) 11,2 11, 1,8 1,6 1, 1,2 1, - Mas Al Rayan Qatar Navigation Gulf Intl Servcs Qatary investors Doha QIsB Widam food Barw a Real Est Vodafone Qatar Natl Leasing Disclosures Please refer to the important disclosures at the back of this report. 3

4 1 BSE s Hotel & Tourism Industries 1-Jan 1 1 KSE Technology Investment Industrial Real estate Fin. Parallel Telecom Basic material Oil&Gas Healthcare Kuwait Activity Trend (Last 1 Days) Kuwait Sector Performances Kuwait Top Gainers / Losers 2 Turnover (LHS, KWD mn) KWSEIDX Index (RHS) 7,7 7,65 7,6 7,55 7,5 7,5 - - Union Real Estate ACICO Industries Alrai Media Grp Al-Safat Tec Hldg Real Estate Trad United Projects Kout Food Grp Gulf Franchising Intl Financial Kuw ait Utd Poultry Oman Activity Trend (Last 1 Days) Oman Sector Performances Oman Top Gainers / Losers Turnover (LHS, OMR mn) MSM3 Index (RHS) 7,2 7,15 7,1 7,5 7, 6,95 6,9 6,85 6,8 6,75 6,7 6,65 - MSM 3 Industry Dhofar Intl Devt Sohar Dhofar Almadina Invt Galfar Engineering Al-Anw ar Ceramic Oman Invest &Fin Al-Hassan Engg Bahrain Activity Trend (Last 1 Days) Bahrain Sector Performances Bahrain Top Gainers / Losers - Turnover (LHS, BHD mn) BHSEASI Index (RHS) 1,27 1,26 1,25 1,2 1,23 1,22 1, Albaraka ing BBK Ahli United Bk GFH Aluminium Bahrain Al-Salam Source: Bloomberg, Al Rajhi Capital Disclosures Please refer to the important disclosures at the back of this report.

5 Disclaimer This research document has been prepared by Al Rajhi Capital Company ( Al Rajhi Capital ) of Riyadh, Saudi Arabia. It has been prepared for the general use of Al Rajhi Capital s clients and may not be redistributed, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of Al Rajhi Capital. Receipt and review of this research document constitute your agreement not to redistribute, retransmit, or disclose to others the contents, opinions, conclusion, or information contained in this document prior to public disclosure of such information by Al Rajhi Capital. The information contained was obtained from various public sources believed to be reliable but we do not guarantee its accuracy. Al Rajhi Capital makes no representations or warranties (express or implied) regarding the data and information provided and Al Rajhi Capital does not represent that the information content of this document is complete, or free from any error, not misleading, or fit for any particular purpose. This research document provides general information only. Neither the information nor any opinion expressed constitutes an offer or an invitation to make an offer, to buy or sell any securities or other investment products related to such securities or investments. It is not intended to provide personal investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. Investors should seek financial, legal or tax advice regarding the appropriateness of investing in any securities, other investment or investment strategies discussed or recommended in this document and should understand that statements regarding future prospects may not be realized. Investors should note that income from such securities or other investments, if any, may fluctuate and that the price or value of such securities and investments may rise or fall. Fluctuations in exchange rates could have adverse effects on the value of or price of, or income derived from, certain investments. Accordingly, investors may receive back less than originally invested. Al Rajhi Capital or its officers or one or more of its affiliates (including research analysts) may have a financial interest in securities of the issuer(s) or related investments, including long or short positions in securities, warrants, futures, options, derivatives, or other financial instruments. Al Rajhi Capital or its affiliates may from time to time perform investment banking or other services for, solicit investment banking or other business from, any company mentioned in this research document. Al Rajhi Capital, together with its affiliates and employees, shall not be liable for any direct, indirect or consequential loss or damages that may arise, directly or indirectly, from any use of the information contained in this research document. This research document and any recommendations contained are subject to change without prior notice. Al Rajhi Capital assumes no responsibility to update the information in this research document. Neither the whole nor any part of this research document may be altered, duplicated, transmitted or distributed in any form or by any means. This research document is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or which would subject Al Rajhi Capital or any of its affiliates to any registration or licensing requirement within such jurisdiction. Contact us Jithesh Gopi, CFA Head of Research Tel : gopij@alrajhi-capital.com Al Rajhi Capital Research Department Head Office, King Fahad Road P.O. Box 5561 Riyadh 1132 Kingdom of Saudi Arabia research@alrajhi-capital.com Al Rajhi Capital is licensed by the Saudi Arabian Capital Market Authority, License No. 768/37. Disclosures Please refer to the important disclosures at the back of this report. 5