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ONMOBILE
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Recent events
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News
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Corporate Actions
Onmobile Global Says Sri Lanka Branch Has Been Closed With Effect From Nov 16
Dec 2 (Reuters) - Onmobile Global Ltd ONMO.NS:
ONMOBILE GLOBAL - SRI LANKA BRANCH HAS BEEN CLOSED WITH EFFECT FROM NOV 16
Source text: ID:nNSE5dCYbW
Further company coverage: ONMO.NS
(([email protected];))
Dec 2 (Reuters) - Onmobile Global Ltd ONMO.NS:
ONMOBILE GLOBAL - SRI LANKA BRANCH HAS BEEN CLOSED WITH EFFECT FROM NOV 16
Source text: ID:nNSE5dCYbW
Further company coverage: ONMO.NS
(([email protected];))
Onmobile Global To Raise Funds Worth Upto 3 Billion Rupees
Nov 29 (Reuters) - Onmobile Global Ltd ONMO.NS:
ONMOBILE GLOBAL LTD - TO RAISE FUNDS WORTH UPTO 3 BILLION RUPEES
ONMOBILE GLOBAL LTD - FUND RAISE VIA QIP AND OTHER MODES
Source text: [ID:]
Further company coverage: ONMO.NS
(([email protected];))
Nov 29 (Reuters) - Onmobile Global Ltd ONMO.NS:
ONMOBILE GLOBAL LTD - TO RAISE FUNDS WORTH UPTO 3 BILLION RUPEES
ONMOBILE GLOBAL LTD - FUND RAISE VIA QIP AND OTHER MODES
Source text: [ID:]
Further company coverage: ONMO.NS
(([email protected];))
Onmobile Global To Consider Issuance Of Eligible Securities Through Modes Including QIP
Nov 25 (Reuters) - Onmobile Global Ltd ONMO.NS:
ONMOBILE GLOBAL - TO CONSIDER ISSUANCE OF ELIGIBLE SECURITIES THROUGH MODES INCLUDING QIP
Further company coverage: ONMO.NS
(([email protected];))
Nov 25 (Reuters) - Onmobile Global Ltd ONMO.NS:
ONMOBILE GLOBAL - TO CONSIDER ISSUANCE OF ELIGIBLE SECURITIES THROUGH MODES INCLUDING QIP
Further company coverage: ONMO.NS
(([email protected];))
India's Onmobile Global falls after posting qtrly loss
** Shares of Onmobile Global ONMO.NS down 6.3% to 83 rupees, its steepest drop since early-June
** Mobile entertainment services provider posted Q1 net loss vs year-ago profit
** Stock down 22.5% YTD, after an 18.9% climb in 2023
(Reporting by Aleef Jahan in Bengaluru)
** Shares of Onmobile Global ONMO.NS down 6.3% to 83 rupees, its steepest drop since early-June
** Mobile entertainment services provider posted Q1 net loss vs year-ago profit
** Stock down 22.5% YTD, after an 18.9% climb in 2023
(Reporting by Aleef Jahan in Bengaluru)
Onmobile Global June-Qtr Consol Net Loss 153.2 Mln Rupees
July 31 (Reuters) - Onmobile Global Ltd ONMO.NS:
JUNE-QUARTER CONSOL NET LOSS 153.2 MILLION RUPEES
JUNE-QUARTER CONSOL TOTAL INCOME 1.24 BILLION RUPEES
Source text for Eikon: ID:nBSE1B6PMz
Further company coverage: ONMO.NS
(([email protected];;))
July 31 (Reuters) - Onmobile Global Ltd ONMO.NS:
JUNE-QUARTER CONSOL NET LOSS 153.2 MILLION RUPEES
JUNE-QUARTER CONSOL TOTAL INCOME 1.24 BILLION RUPEES
Source text for Eikon: ID:nBSE1B6PMz
Further company coverage: ONMO.NS
(([email protected];;))
Onmobile Global March-Quarter Consol Net Loss Narrows
May 14 (Reuters) - Onmobile Global Ltd ONMO.NS:
MARCH-QUARTER CONSOL NET LOSS 5.9 MILLION RUPEES VERSUS LOSS 21.4 MILLION RUPEES
MARCH-QUARTER CONSOL TOTAL INCOME 1.26 BILLION RUPEES VERSUS 1.27 BILLION RUPEES
Source text for Eikon: ID:nBSE90BGgt
Further company coverage: ONMO.NS
(([email protected];))
May 14 (Reuters) - Onmobile Global Ltd ONMO.NS:
MARCH-QUARTER CONSOL NET LOSS 5.9 MILLION RUPEES VERSUS LOSS 21.4 MILLION RUPEES
MARCH-QUARTER CONSOL TOTAL INCOME 1.26 BILLION RUPEES VERSUS 1.27 BILLION RUPEES
Source text for Eikon: ID:nBSE90BGgt
Further company coverage: ONMO.NS
(([email protected];))
Onmobile Global Says François-Charles Sirois Re-Designated As Executive Chairman And CEO
March 6 (Reuters) - Onmobile Global Ltd ONMO.NS:
FRANÇOIS-CHARLES SIROIS RE-DESIGNATED AS EXECUTIVE CHAIRMAN AND CHIEF EXECUTIVE OFFICER
SANJAY BAWEJA RESIGNED AS GLOBAL CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR
Source text for Eikon: ID:nNSE2bd5ym
Further company coverage: ONMO.NS
(([email protected];))
March 6 (Reuters) - Onmobile Global Ltd ONMO.NS:
FRANÇOIS-CHARLES SIROIS RE-DESIGNATED AS EXECUTIVE CHAIRMAN AND CHIEF EXECUTIVE OFFICER
SANJAY BAWEJA RESIGNED AS GLOBAL CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR
Source text for Eikon: ID:nNSE2bd5ym
Further company coverage: ONMO.NS
(([email protected];))
Onmobile Global Says Due To Vi's Modification Of Business Model Related To Services Provided By Co There Is An Impact On Revenue For Quarter
Nov 6 (Reuters) - Onmobile Global Ltd ONMO.NS:
ONMOBILE GLOBAL LTD - DUE TO VI'S MODIFICATION OF BUSINESS MODEL RELATED TO SERVICES PROVIDED BY CO THERE IS AN IMPACT ON REVENUE FOR QUARTER
ONMOBILE GLOBAL LTD - IMPACT OF 185 MILLION RUPEES ON REVENUE FOR QUARTER DUE TO VI’S MODIFICATION OF BUSINESS MODEL
Source text for Eikon: ID:nBSE2t06L3
Further company coverage: ONMO.NS
(([email protected];;))
Nov 6 (Reuters) - Onmobile Global Ltd ONMO.NS:
ONMOBILE GLOBAL LTD - DUE TO VI'S MODIFICATION OF BUSINESS MODEL RELATED TO SERVICES PROVIDED BY CO THERE IS AN IMPACT ON REVENUE FOR QUARTER
ONMOBILE GLOBAL LTD - IMPACT OF 185 MILLION RUPEES ON REVENUE FOR QUARTER DUE TO VI’S MODIFICATION OF BUSINESS MODEL
Source text for Eikon: ID:nBSE2t06L3
Further company coverage: ONMO.NS
(([email protected];;))
Onmobile Global Says Unit Onmobile Madagascar Telecom Has Been Closed
Aug 22 (Reuters) - Onmobile Global Ltd ONMO.NS:
UNIT ONMOBILE MADAGASCAR TELECOM HAS BEEN CLOSED
Source text for Eikon: ID:nBSE68cfY6
Further company coverage: ONMO.NS
(([email protected];))
Aug 22 (Reuters) - Onmobile Global Ltd ONMO.NS:
UNIT ONMOBILE MADAGASCAR TELECOM HAS BEEN CLOSED
Source text for Eikon: ID:nBSE68cfY6
Further company coverage: ONMO.NS
(([email protected];))
Asia Morning Call-Global Markets
Aug 3 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 7,354.60 | -96.10 | NZX 50** | 11,962.04 | -18.373 |
DJIA | 35,320.75 | -309.93 | NIKKEI** | 32,707.69 | -768.89 |
Nasdaq | 13,986.955 | -296.96 | FTSE** | 7,561.63 | -104.64 |
S&P 500 | 4,516.88 | -59.85 | Hang Seng** | 19,517.38 | -493.74 |
SPI 200 Fut | 7,244.00 | -55.00 | STI** | 3,325.02 | -48.77 |
SSEC** | 3,261.69 | -29.26 | KOSPI** | 2,616.47 | -50.60 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 0.632 | 0.005 | KR 10 YR Bond | 3.799 | 0.076 |
AU 10 YR Bond | 4.032 | 0.006 | US 10 YR Bond | 4.0775 | 0.03 |
NZ 10 YR Bond | 4.757 | -0.013 | US 30 YR Bond | 4.167 | 0.064 |
----------------------------------------------------------------------------------------
Currencies | |||||
SGD US$ | 1.3413 | 0.0053 | KRW US$ | 1,300.4 | 11.4 |
AUD US$ | 0.65485 | -0.00645 | NZD US$ | 0.6086 | -0.0062 |
EUR US$ | 1.0947 | -0.0035 | Yen US$ | 143.22 | -0.1 |
THB US$ | 34.44 | 0.12 | PHP US$ | 55.11 | 0.21 |
IDR US$ | 15,170 | 60 | INR US$ | 82.73 | 0.39 |
MYR US$ | 4.541 | 0.024 | TWD US$ | 31.625 | 0.107 |
CNY US$ | 7.192 | 0.015 | HKD US$ | 7.8014 | 0.008 |
----------------------------------------------------------------------------------------
Commodities | |||||
Spot Gold | 1,936.0233 | -8.056 | Silver (Lon) | 23.727 | -0.603 |
U.S. Gold Fut | 1,972.10 | 21.8 | Brent Crude | 82.87 | -2.04 |
Iron Ore | CNY831 | -9 | TRJCRB Index | - | - |
TOCOM Rubber | JPY198.8 | 0.8 | LME Copper | 8,505 | -135 |
-----------------------------------------------------------------------------------------
** indicates closing price
All prices as of 18:05 GMT
EQUITIES
GLOBAL - Global share markets and oil prices fell while Treasury yields and the dollar advanced on Wednesday as investors digested an unexpected downgrade of the United States' top-tier sovereign credit rating and private payrolls data that pointed to U.S. labor market resilience.
The downgrade hit global stock markets, taking Europe's STOXX 600 index .STOXX down 1.35%. Asia-Pacific stocks dropped earlier, down about 2%, partly because of signs of weakness in China's economy. .MIAP00000PUS
For a full report, click on MKTS/GLOB
- - - -
NEW YORK - Wall Street fell on Wednesday after rating agency Fitch's move to downgrade the U.S. government's credit rating hit appetite for risky assets around the world.
At 11:30 a.m. ET, the Dow Jones Industrial Average .DJI was down 233.56 points, or 0.66%, at 35,397.12, the S&P 500 .SPX was down 53.75 points, or 1.17%, at 4,522.98, and the Nasdaq Composite .IXIC was down 285.06 points, or 2.00%, at 13,998.86.
For a full report, click on .N
- - - -
LONDON - European shares tumbled to two-week lows on Wednesday, with broad-based losses as investors fled riskier assets after a surprise downgrade of the U.S. credit rating by Fitch.
The pan-European STOXX 600 index .STOXX fell 1.4%, touching its lowest level since July 18 and extending declines to the second straight day.
For a full report, click on .EU
- - - -
TOKYO - Japanese shares slid on Wednesday to their biggest one-day percentage drop this year, as caution prevailed across Asia after a surprise cut on the U.S. credit rating weighed on sentiment.
Japan's benchmark Nikkei average .N225 closed down 2.30% at 32,707.69 in its sharpest one-day drop since Dec. 20, while the broader Topix .TOPX slipped 1.54% to 2,301.26.
For a full report, click on .T
- - - -
SHANGHAI - China and Hong Kong stocks pulled back on Wednesday after a recent rally that was spurred by stimulus hopes as some investors booked profits in the absence of concrete and forceful measures by Beijing to shore up a flagging economy.
China's bluechip CSI300 Index .CSI300 fell 0.7%, while the Shanghai Composite Index .SSEC lost 0.9%.
For a full report, click on .SS
- - - -
AUSTRALIA - Australian shares logged their worst day since early July on Wednesday, led by declines in the financial and commodity stocks, as investor sentiment globally took a hit after rating agency Fitch downgraded United States government credit.
The S&P/ASX 200 index .AXJO closed 1.3% lower at 7,354.7 points, posting its biggest daily decline since July 7. All sub indexes ended lower.
For a full report, click on .AX
- - - -
SEOUL - South Korean shares and currency plunged on Wednesday as risk appetite dampened after an unexpected downgrade in the U.S. government's credit rating by Fitch.
The benchmark KOSPI .KS11 closed down 50.60 points, or 1.90%, at 2,616.47.
For a full report, click on KRW/
- - - -
FOREIGN EXCHANGE
NEW YORK - The dollar rose on Wednesday as investors shrugged off Fitch's U.S. credit rating downgrade while data showing a larger-than-expected increase in private payrolls in July bolstered the greenback as it suggested further labor market resilience.
The dollar index =USD, a measure of the U.S. currency against six peers, rose 0.745% to a fresh three-week high. The dollar index has gained 3.0% from a 15-month low on July 18.
For a full report, click on USD/
- - - -
SHANGHAI - China's yuan eased to a one-week low on Thursday in thin trading after disappointing economic data this week and a lack of concrete measures to shore up the economy weighed on the currency.
The spot yuan CNY=CFXS opened at 7.1698 per dollar and fell as low as 7.1877, 0.11% weaker than the previous close.
For a full report, click on CNY/
- - - -
AUSTRALIA - The Aussie and kiwi dollars teetered close to key support levels on Wednesday as investors reduced bets on higher interest rates following a second rate pause in Australia and an uptick in New Zealand jobless rate.
The Aussie AUD=D3 was flat at $0.6614, just a touch above a major support level of 66 cents. It slid 1.6% overnight to a four-week trough of $0.6602 after the Reserve Bank of Australia delivered its second rate pause, fuelling speculation that the tightening cycle might be already over.
The kiwi dollar NZD=D3 lost 0.4% to $0.6128, also a whisker away from a key level of $0.6121, as dairy prices fell at a global auction and data showed that the jobless rate in New Zealand unexpectedly ticked up to 3.6% from 3.5%.
For a full report, click on AUD/
- - - -
SEOUL - South Korean shares and currency plunged on Wednesday as risk appetite dampened after an unexpected downgrade in the U.S. government's credit rating by Fitch.
The won ended onshore trade 1.13% lower KRW=KFTC at 1,298.5 per dollar.
For a full report, click on KRW/
- - - -
TREASURIES
NEW YORK - Long-term U.S. Treasury yields gained on Wednesday after strong private employment data and the announced refunding of the U.S. government's maturing debt.
U.S. 10-year Treasury yields US10YT=RR were last up 6.9 basis points at 4.085% from Tuesday's levels.
For a full report, click on US/
- - - -
LONDON - Euro zone government bond yields were lower on Wednesday after the U.S. sovereign rating was downgraded by Fitch, the second major ratings agency to strip the U.S. of its triple-A rating after Standard & Poor's.
Germany's 10-year yield DE10YT=RR, the benchmark for the euro area, dropped 3 basis points (bps) to 2.494%. Bond yields move inversely with prices.
For a full report, click on GVD/EUR
- - - -
TOKYO - Japan's 10-year bond yield hit a fresh nine-year peak on Wednesday as investors continued to test the Bank of Japan's tolerance for higher yields following Friday's surprise policy tweak.
The 10-year JGB yield JP10YTN=JBTC rose 2 basis points (bps) to 0.61%, the highest since June 2014.
For a full report, click on JP/
COMMODITIES
GOLD - Gold prices slipped on Wednesday as the dollar rose and bond yields strengthened after data showed U.S. private payrolls increased more than expected in July.
Spot gold XAU= was down 0.5% at $1,935.27 per ounce at 11:50 a.m. EDT (1550 GMT), after rising as much as 0.6% earlier on some safe-haven bids after ratings agency Fitch downgraded the U.S. government's credit rating to AA+ from AAA.
For a full report, click on GOL/
- - - -
IRON ORE - Dalian coking coal futures ended at a one-week high on Wednesday after hitting a more than three-month high earlier, as supply in northern China was disrupted by the worst storms in more than a decade caused by typhoon Doksuri.
The most-traded September coking coal futures DJMcv1 on China's Dalian Commodity Exchange (DCE) ended daytime trade 2.43% higher at 1,514.5 yuan ($210.88) per metric ton, its highest level since July 26, while coke rose 1.2% to 2,355.5 yuan per metric ton, its highest since April 19.
For a full report, click on IRONORE/
- - - -
BASE METALS - Copper prices extended losses in London on Wednesday as stronger U.S. dollar as well as weak manufacturing data and a struggling property sector in top consumer China soured sentiment.
Three-month copper CMCU3 on the London Metal Exchange (LME) dropped 1.5% to $8,505 per metric ton by 1602 GMT.
For a full report, click on MET/L
- - - -
OIL - Oil prices fell on Wednesday after sharp gains despite a historic drop in U.S. crude stocks, as traders derisk following the downgrade of U.S. government top credit by a major ratings agency.
U.S. crude futures CLc1 fell by $1.94, or 2.4%, to $80.77 a barrel while Brent crude futures LCOc1 fell by $1.77, or 2.1%, to $84.41 a barrel by 11:03 a.m. EDT.
For a full report, click on O/R
- - - -
PALM OIL - Malaysian palm oil futures closed up on Wednesday after six straight sessions of losses, underpinned by a weaker ringgit and stronger rival oils.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange gained 45 ringgit, or 1.16%, to 3,917 ringgit ($862.59) per metric ton on the closing.
For a full report, click on POI/
- - - -
RUBBER - Japanese rubber futures fell further on Wednesday, as slowing factory activity and a firm yen outweighed China's latest attempts to buttress its faltering economy.
Osaka Exchange's rubber contract for January delivery JRUc6, 0#2JRU: finished 1.7 yen, or 0.9%, lower at 198.0 yen ($1.39) per kg.
For a full report, click on RUB/T
- - - -
(Bengaluru Bureau; +91 80 6749 1130)
Aug 3 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 7,354.60 | -96.10 | NZX 50** | 11,962.04 | -18.373 |
DJIA | 35,320.75 | -309.93 | NIKKEI** | 32,707.69 | -768.89 |
Nasdaq | 13,986.955 | -296.96 | FTSE** | 7,561.63 | -104.64 |
S&P 500 | 4,516.88 | -59.85 | Hang Seng** | 19,517.38 | -493.74 |
SPI 200 Fut | 7,244.00 | -55.00 | STI** | 3,325.02 | -48.77 |
SSEC** | 3,261.69 | -29.26 | KOSPI** | 2,616.47 | -50.60 |
----------------------------------------------------------------------------------------
Bonds | Bonds | ||||
JP 10 YR Bond | 0.632 | 0.005 | KR 10 YR Bond | 3.799 | 0.076 |
AU 10 YR Bond | 4.032 | 0.006 | US 10 YR Bond | 4.0775 | 0.03 |
NZ 10 YR Bond | 4.757 | -0.013 | US 30 YR Bond | 4.167 | 0.064 |
----------------------------------------------------------------------------------------
Currencies | |||||
SGD US$ | 1.3413 | 0.0053 | KRW US$ | 1,300.4 | 11.4 |
AUD US$ | 0.65485 | -0.00645 | NZD US$ | 0.6086 | -0.0062 |
EUR US$ | 1.0947 | -0.0035 | Yen US$ | 143.22 | -0.1 |
THB US$ | 34.44 | 0.12 | PHP US$ | 55.11 | 0.21 |
IDR US$ | 15,170 | 60 | INR US$ | 82.73 | 0.39 |
MYR US$ | 4.541 | 0.024 | TWD US$ | 31.625 | 0.107 |
CNY US$ | 7.192 | 0.015 | HKD US$ | 7.8014 | 0.008 |
----------------------------------------------------------------------------------------
Commodities | |||||
Spot Gold | 1,936.0233 | -8.056 | Silver (Lon) | 23.727 | -0.603 |
U.S. Gold Fut | 1,972.10 | 21.8 | Brent Crude | 82.87 | -2.04 |
Iron Ore | CNY831 | -9 | TRJCRB Index | - | - |
TOCOM Rubber | JPY198.8 | 0.8 | LME Copper | 8,505 | -135 |
-----------------------------------------------------------------------------------------
** indicates closing price
All prices as of 18:05 GMT
EQUITIES
GLOBAL - Global share markets and oil prices fell while Treasury yields and the dollar advanced on Wednesday as investors digested an unexpected downgrade of the United States' top-tier sovereign credit rating and private payrolls data that pointed to U.S. labor market resilience.
The downgrade hit global stock markets, taking Europe's STOXX 600 index .STOXX down 1.35%. Asia-Pacific stocks dropped earlier, down about 2%, partly because of signs of weakness in China's economy. .MIAP00000PUS
For a full report, click on MKTS/GLOB
- - - -
NEW YORK - Wall Street fell on Wednesday after rating agency Fitch's move to downgrade the U.S. government's credit rating hit appetite for risky assets around the world.
At 11:30 a.m. ET, the Dow Jones Industrial Average .DJI was down 233.56 points, or 0.66%, at 35,397.12, the S&P 500 .SPX was down 53.75 points, or 1.17%, at 4,522.98, and the Nasdaq Composite .IXIC was down 285.06 points, or 2.00%, at 13,998.86.
For a full report, click on .N
- - - -
LONDON - European shares tumbled to two-week lows on Wednesday, with broad-based losses as investors fled riskier assets after a surprise downgrade of the U.S. credit rating by Fitch.
The pan-European STOXX 600 index .STOXX fell 1.4%, touching its lowest level since July 18 and extending declines to the second straight day.
For a full report, click on .EU
- - - -
TOKYO - Japanese shares slid on Wednesday to their biggest one-day percentage drop this year, as caution prevailed across Asia after a surprise cut on the U.S. credit rating weighed on sentiment.
Japan's benchmark Nikkei average .N225 closed down 2.30% at 32,707.69 in its sharpest one-day drop since Dec. 20, while the broader Topix .TOPX slipped 1.54% to 2,301.26.
For a full report, click on .T
- - - -
SHANGHAI - China and Hong Kong stocks pulled back on Wednesday after a recent rally that was spurred by stimulus hopes as some investors booked profits in the absence of concrete and forceful measures by Beijing to shore up a flagging economy.
China's bluechip CSI300 Index .CSI300 fell 0.7%, while the Shanghai Composite Index .SSEC lost 0.9%.
For a full report, click on .SS
- - - -
AUSTRALIA - Australian shares logged their worst day since early July on Wednesday, led by declines in the financial and commodity stocks, as investor sentiment globally took a hit after rating agency Fitch downgraded United States government credit.
The S&P/ASX 200 index .AXJO closed 1.3% lower at 7,354.7 points, posting its biggest daily decline since July 7. All sub indexes ended lower.
For a full report, click on .AX
- - - -
SEOUL - South Korean shares and currency plunged on Wednesday as risk appetite dampened after an unexpected downgrade in the U.S. government's credit rating by Fitch.
The benchmark KOSPI .KS11 closed down 50.60 points, or 1.90%, at 2,616.47.
For a full report, click on KRW/
- - - -
FOREIGN EXCHANGE
NEW YORK - The dollar rose on Wednesday as investors shrugged off Fitch's U.S. credit rating downgrade while data showing a larger-than-expected increase in private payrolls in July bolstered the greenback as it suggested further labor market resilience.
The dollar index =USD, a measure of the U.S. currency against six peers, rose 0.745% to a fresh three-week high. The dollar index has gained 3.0% from a 15-month low on July 18.
For a full report, click on USD/
- - - -
SHANGHAI - China's yuan eased to a one-week low on Thursday in thin trading after disappointing economic data this week and a lack of concrete measures to shore up the economy weighed on the currency.
The spot yuan CNY=CFXS opened at 7.1698 per dollar and fell as low as 7.1877, 0.11% weaker than the previous close.
For a full report, click on CNY/
- - - -
AUSTRALIA - The Aussie and kiwi dollars teetered close to key support levels on Wednesday as investors reduced bets on higher interest rates following a second rate pause in Australia and an uptick in New Zealand jobless rate.
The Aussie AUD=D3 was flat at $0.6614, just a touch above a major support level of 66 cents. It slid 1.6% overnight to a four-week trough of $0.6602 after the Reserve Bank of Australia delivered its second rate pause, fuelling speculation that the tightening cycle might be already over.
The kiwi dollar NZD=D3 lost 0.4% to $0.6128, also a whisker away from a key level of $0.6121, as dairy prices fell at a global auction and data showed that the jobless rate in New Zealand unexpectedly ticked up to 3.6% from 3.5%.
For a full report, click on AUD/
- - - -
SEOUL - South Korean shares and currency plunged on Wednesday as risk appetite dampened after an unexpected downgrade in the U.S. government's credit rating by Fitch.
The won ended onshore trade 1.13% lower KRW=KFTC at 1,298.5 per dollar.
For a full report, click on KRW/
- - - -
TREASURIES
NEW YORK - Long-term U.S. Treasury yields gained on Wednesday after strong private employment data and the announced refunding of the U.S. government's maturing debt.
U.S. 10-year Treasury yields US10YT=RR were last up 6.9 basis points at 4.085% from Tuesday's levels.
For a full report, click on US/
- - - -
LONDON - Euro zone government bond yields were lower on Wednesday after the U.S. sovereign rating was downgraded by Fitch, the second major ratings agency to strip the U.S. of its triple-A rating after Standard & Poor's.
Germany's 10-year yield DE10YT=RR, the benchmark for the euro area, dropped 3 basis points (bps) to 2.494%. Bond yields move inversely with prices.
For a full report, click on GVD/EUR
- - - -
TOKYO - Japan's 10-year bond yield hit a fresh nine-year peak on Wednesday as investors continued to test the Bank of Japan's tolerance for higher yields following Friday's surprise policy tweak.
The 10-year JGB yield JP10YTN=JBTC rose 2 basis points (bps) to 0.61%, the highest since June 2014.
For a full report, click on JP/
COMMODITIES
GOLD - Gold prices slipped on Wednesday as the dollar rose and bond yields strengthened after data showed U.S. private payrolls increased more than expected in July.
Spot gold XAU= was down 0.5% at $1,935.27 per ounce at 11:50 a.m. EDT (1550 GMT), after rising as much as 0.6% earlier on some safe-haven bids after ratings agency Fitch downgraded the U.S. government's credit rating to AA+ from AAA.
For a full report, click on GOL/
- - - -
IRON ORE - Dalian coking coal futures ended at a one-week high on Wednesday after hitting a more than three-month high earlier, as supply in northern China was disrupted by the worst storms in more than a decade caused by typhoon Doksuri.
The most-traded September coking coal futures DJMcv1 on China's Dalian Commodity Exchange (DCE) ended daytime trade 2.43% higher at 1,514.5 yuan ($210.88) per metric ton, its highest level since July 26, while coke rose 1.2% to 2,355.5 yuan per metric ton, its highest since April 19.
For a full report, click on IRONORE/
- - - -
BASE METALS - Copper prices extended losses in London on Wednesday as stronger U.S. dollar as well as weak manufacturing data and a struggling property sector in top consumer China soured sentiment.
Three-month copper CMCU3 on the London Metal Exchange (LME) dropped 1.5% to $8,505 per metric ton by 1602 GMT.
For a full report, click on MET/L
- - - -
OIL - Oil prices fell on Wednesday after sharp gains despite a historic drop in U.S. crude stocks, as traders derisk following the downgrade of U.S. government top credit by a major ratings agency.
U.S. crude futures CLc1 fell by $1.94, or 2.4%, to $80.77 a barrel while Brent crude futures LCOc1 fell by $1.77, or 2.1%, to $84.41 a barrel by 11:03 a.m. EDT.
For a full report, click on O/R
- - - -
PALM OIL - Malaysian palm oil futures closed up on Wednesday after six straight sessions of losses, underpinned by a weaker ringgit and stronger rival oils.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange gained 45 ringgit, or 1.16%, to 3,917 ringgit ($862.59) per metric ton on the closing.
For a full report, click on POI/
- - - -
RUBBER - Japanese rubber futures fell further on Wednesday, as slowing factory activity and a firm yen outweighed China's latest attempts to buttress its faltering economy.
Osaka Exchange's rubber contract for January delivery JRUc6, 0#2JRU: finished 1.7 yen, or 0.9%, lower at 198.0 yen ($1.39) per kg.
For a full report, click on RUB/T
- - - -
(Bengaluru Bureau; +91 80 6749 1130)
India tax council to meet on Aug 2 to finalise online gaming tax - source
NEW DELHI, July 26 (Reuters) - India's Goods and Services Tax (GST) Council will meet on Aug. 2 to decide on a 28% tax on funds that online gaming companies and casinos collect from customers, and finalise other rules, a government official said on Wednesday.
The council, chaired by India's Finance Minister Nirmala Sitharaman and comprising state finance ministers, will decide if the tax should be imposed only once on the total funds deposited to play an online game, or each time a bet is placed - something the industry fears will lead to repeated taxation.
The official asked not to be named because he was not authorised to speak to the media. The Finance Ministry and GST Council Secretariat did not immediately respond to a Reuters request for comment.
Since the government first announced its plan for the tax on July 11, the gaming industry and its investors have asked it to review the decision, which will increase the tax burden on both companies and consumers.
Last week, Tiger Global, Peak XV and Steadview Capital were among 30 foreign and domestic investors that asked Prime Minister Narendra Modi to review the tax, saying the levy would adversely impact $4 billion in prospective investments.
India's revenue secretary, Sanjay Malhotra, told a local television channel on Tuesday that "the taxation, as has been claimed by the gaming industry, becomes very high in case it is taxed at each and every bet. That's true, it's a fact."
This would be taken into account when a final decision is taken by the GST Council, Malhotra told NDTV.
(Reporting by Nikunj Ohri; Editing by Savio D'Souza)
(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))
NEW DELHI, July 26 (Reuters) - India's Goods and Services Tax (GST) Council will meet on Aug. 2 to decide on a 28% tax on funds that online gaming companies and casinos collect from customers, and finalise other rules, a government official said on Wednesday.
The council, chaired by India's Finance Minister Nirmala Sitharaman and comprising state finance ministers, will decide if the tax should be imposed only once on the total funds deposited to play an online game, or each time a bet is placed - something the industry fears will lead to repeated taxation.
The official asked not to be named because he was not authorised to speak to the media. The Finance Ministry and GST Council Secretariat did not immediately respond to a Reuters request for comment.
Since the government first announced its plan for the tax on July 11, the gaming industry and its investors have asked it to review the decision, which will increase the tax burden on both companies and consumers.
Last week, Tiger Global, Peak XV and Steadview Capital were among 30 foreign and domestic investors that asked Prime Minister Narendra Modi to review the tax, saying the levy would adversely impact $4 billion in prospective investments.
India's revenue secretary, Sanjay Malhotra, told a local television channel on Tuesday that "the taxation, as has been claimed by the gaming industry, becomes very high in case it is taxed at each and every bet. That's true, it's a fact."
This would be taken into account when a final decision is taken by the GST Council, Malhotra told NDTV.
(Reporting by Nikunj Ohri; Editing by Savio D'Souza)
(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))
Onmobile Global Q1 2024 Business Update
July 12 (Reuters) - Onmobile Global Ltd ONMO.NS:
Q1 2024 BUSINESS UPDATE FOR ONMOBILE GLOBAL
NUMBER OF CUSTOMERS FOR CHALLENGES ARENA IN Q1 UP 29% VS PREV QTR
Source text for Eikon: ID:nNSE8ZfCSP
Further company coverage: ONMO.NS
(([email protected];))
July 12 (Reuters) - Onmobile Global Ltd ONMO.NS:
Q1 2024 BUSINESS UPDATE FOR ONMOBILE GLOBAL
NUMBER OF CUSTOMERS FOR CHALLENGES ARENA IN Q1 UP 29% VS PREV QTR
Source text for Eikon: ID:nNSE8ZfCSP
Further company coverage: ONMO.NS
(([email protected];))
India's Onmobile Global climbs on launching SaaS-based platform
** Shares of Onmobile Global Ltd ONMO.NS rise as much as 8.02% to 75.40 rupees, a three-month high
** Co launches its first-ever SaaS-based gamification platform for brands across industries, called Gamize
** Trading volume at 2.52 mln shares as of 2:12 p.m. IST, nearly 4x the 30-day avg - Refinitiv data
** Stock's MACD line has been above signal line since April 3, suggesting near-term bullish momentum
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
** Shares of Onmobile Global Ltd ONMO.NS rise as much as 8.02% to 75.40 rupees, a three-month high
** Co launches its first-ever SaaS-based gamification platform for brands across industries, called Gamize
** Trading volume at 2.52 mln shares as of 2:12 p.m. IST, nearly 4x the 30-day avg - Refinitiv data
** Stock's MACD line has been above signal line since April 3, suggesting near-term bullish momentum
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
Asia Morning Call-Global Markets
April 25 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 7,322.00 | -8.40 | NZX 50** | 11,927.5 | 98.890 |
DJIA | 33,824.37 | 15.41 | NIKKEI** | 28,593.52 | 29.15 |
Nasdaq | 12,031.012 | -41.44 | FTSE** | 7,912.2 | -1.93 |
S&P 500 | 4,134.61 | 1.09 | Hang Seng** | 19,959.94 | -115.79 |
SPI 200 Fut | 7,351.00 | 21.00 | STI** | 3,324.55 | 2.73 |
SSEC** | 3,275.41 | -25.84 | KOSPI** | 2,523.5 | -20.90 |
----------------------------------------------------------------------------------------
Bonds | Bonds | ||||
JP 10 YR Bond | 0.475 | 0.005 | KR 10 YR Bond | 3.306 | -0.039 |
AU 10 YR Bond | 3.462 | -0.01 | US 10 YR Bond | 3.5128 | -0.059 |
NZ 10 YR Bond | 4.165 | 0 | US 30 YR Bond | 3.726 | -0.052 |
----------------------------------------------------------------------------------------
Currencies | |||||
SGD US$ | 1.3339 | -0.0005 | KRW US$ | 1,333.27 | 3.91 |
AUD US$ | 0.6691 | -0.00025 | NZD US$ | 0.6158 | 0.0025 |
EUR US$ | 1.1046 | 0.0059 | Yen US$ | 134.33 | 0.18 |
THB US$ | 34.34 | -0.01 | PHP US$ | 55.66 | -0.22 |
IDR US$ | 14,840 | 55 | INR US$ | 81.95 | -0.08 |
MYR US$ | 4.435 | -0.005 | TWD US$ | 30.645 | 0.023 |
CNY US$ | 6.8952 | 0.0022 | HKD US$ | 7.8493 | 0.0018 |
----------------------------------------------------------------------------------------
Commodities | |||||
Spot Gold | 1,989.31 | 6.4152 | Silver (Lon) | 25.1814 | 0.1499 |
U.S. Gold Fut | 1,999.95 | 9.65 | Brent Crude | 82.68 | 1.02 |
Iron Ore | CNY715.50 | -30 | TRJCRB Index | - | - |
TOCOM Rubber | JPY207.4 | 0.6 | LME Copper | 8,739 | -5 |
-----------------------------------------------------------------------------------------
** indicates closing price
All prices as of 18:15 GMT
EQUITIES
GLOBAL - Wall Street was subdued and U.S. Treasury yields dipped on Monday as investors braced for a week of high-profile quarterly earnings and closely watched economic data.
The pan-European STOXX 600 index .STOXX rose 0.03% and MSCI's gauge of stocks across the globe .MIWD00000PUS gained 0.03%.
For a full report, click on MKTS/GLOB
- - - -
NEW YORK - The Nasdaq led Wall Street losses on Monday as Tesla shares came under pressure on the company's plans to increase spending, while investors awaited results from megacap companies and key economic data this week.
At 11:44 a.m. ET, the Dow Jones Industrial Average .DJI was down 52.81 points, or 0.16%, at 33,756.15, the S&P 500 .SPX was down 12.52 points, or 0.30%, at 4,121.00, and the Nasdaq Composite .IXIC was down 98.14 points, or 0.81%, at 11,974.32.
For a full report, click on .N
- - - -
LONDON - European shares ended flat on Monday at the beginning of a week packed with high-profile earnings, while shares of Dutch health technology company Philips jumped after strong first-quarter results.
The pan-European STOXX 600 index .STOXX closed at 468.97 points, keeping to a narrow three-point range for most of the day.
For a full report, click on .EU
- - - -
TOKYO - Japan's Nikkei share average trimmed some early gains on Monday, as the mood turned more cautious in the afternoon session, with investors casting an eye ahead to corporate earnings and a central bank meeting due later in the week.
The Nikkei .N225 ended the day up 0.1% at 28,593.52 after paring gains in the afternoon session. In the morning it had hit a high of 28,680.65, taking it close to Friday's eight-month peak of 28,778.37.
For a full report, click on .T
- - - -
SHANGHAI - China stocks fell for the fourth session in a row on Monday, weighed down by lingering concerns over the sustainability of the economic recovery, despite more bullish forecasts from global banks.
China's blue-chip CSI300 Index .CSI300 dropped 1.2% to a one-month low, while the Shanghai Composite Index .SSEC fell 0.8%. Hong Kong's benchmark Hang Seng .HSI lost 0.6%.
For a full report, click on .SS
- - - -
AUSTRALIA - Australian shares closed marginally weaker on Monday, dragged by losses in heavyweight mining stocks, while investors waited for initial trends from the earnings season and first-quarter inflation print due later this week.
The S&P/ASX 200 index .AXJO settled down 0.1% at 7,322.0 points.
For a full report, click on .AX
- - - -
SEOUL - South Korean shares fell for a third straight session on Monday amid geopolitical worries and caution ahead of major company earnings. The Korean won weakened, while the benchmark bond yield fell.
The benchmark KOSPI .KS11 ended down 20.89 points, or 0.82%, at 2,523.51, marking its lowest closing level since April 10.
For a full report, click on KRW/
- - - -
FOREIGN EXCHANGE
NEW YORK - The euro gained while the Japanese yen fell on Monday in thin trading ahead of a closely watched Bank of Japan meeting and the last few data releases before Federal Reserve and European Central Bank interest rate decisions in early May.
The euro EUR=EBS was up 0.3% against the dollar at $1.1023, back above $1.10 for the first time since it hit a 14-month high of $1.10755 earlier this month.
For a full report, click on USD/
- - - -
SHANGHAI - China's yuan slipped versus the dollar on Monday, dropping to its weakest level in nearly a month, as investors await economic data from the U.S. this week that will help gauge the Federal Reserve's likely path on interest rates.
Spot yuan CNY=CFXS opened at 6.8881 per dollar and was changing hands at 6.9031 at midday, 101 pips weaker than the previous late session close.
For a full report, click on CNY/
- - - -
AUSTRALIA - The Australian and New Zealand dollars were on the defensive on Monday ahead of a reading on inflation which could well decide if Australian interest rates rise again, or have already peaked.
The Aussie stood at $0.6693 AUD=D3, having shed 0.7% on Friday to as low as $0.6678. It faces resistance at $0.6750, while major support lies at $0.6620.
The kiwi dollar lapsed to $0.6143 NZD=D3, after losing 0.6% on Friday. Support lies at the March low of $0.6085.
For a full report, click on AUD/
- - - -
SEOUL - The Korean won weakened, while the benchmark bond yield fell.
The won ended onshore trade KRW=KFTC 0.49% lower at 1,334.8 per dollar, after falling as much as 0.67% to hit a near five-month low of 1,337.1.
For a full report, click on KRW/
- - - -
TREASURIES
NEW YORK - One-month Treasury yields fell to their lowest levels since October on Monday as investors appeared to grow increasingly concerned about a potential standoff over the U.S. debt ceiling.
The yield on 10-year Treasury notes US10YT=RR was down 5.2 basis points to 3.520%, while the yield on the 30-year Treasury bond US30YT=RR was down 4.7 basis points to 3.731%.
For a full report, click on US/
- - - -
LONDON - Euro zone government bond yields rose on Monday as investors bet the European Central Bank will raise its main interest rate to above 3.8% and braced for key economic data later in the week.
The German 10-year yield DE10YT=RR was flat at 2.484%. It was still almost 30 bps away from its early March level of 2.77%, which was its highest level since July 2011.
For a full report, click on GVD/EUR
- - - -
TOKYO - Japan's 10-year government bond was almost flat on Monday ahead of the Bank of Japan's policy meeting towards the end of this week, as investors shrugged off comments from BOJ Governor Kazuo Ueda.
Benchmark 10-year JGB futures 2JGBv1 rose 0.06 yen to 147.77, with a trading volume of 8,638 lots.
For a full report, click on JP/
COMMODITIES
GOLD - Gold steadied on Monday, helped by a weaker dollar, although prices were stuck in a tight range as traders turned their attention to this week's economic data that may influence the U.S. Federal Reserve's next policy decision.
Spot gold XAU= was mostly flat at $1,983.06 per ounce by 11:25 a.m. EDT (1525 GMT) while U.S. gold futures GCv1 were up 0.2% to $1,993.60.
For a full report, click on GOL/
- - - -
IRON ORE - Iron ore futures slumped to their lowest in more than four months on Monday as weak steel demand in China prompted a production slowdown, while latest reports from major miners signalled ample supply of the steelmaking ingredient.
The most-traded September iron ore on China's Dalian Commodity Exchange DCIOcv1 ended daytime trade 3.1% lower at 721.50 yuan ($104.69) a tonne. It earlier dropped to 715.50 yuan, its weakest since Dec. 21.
On the Singapore Exchange, the benchmark May iron ore SZZFK3 dropped as much as 4.9% to $102.80 a tonne, the lowest since late November.
For a full report, click on IRONORE/
- - - -
BASE METALS - Copper prices fell to more than a two-week low on Monday as the market focused on lacklustre demand in top consumer China, while a softer dollar helped to cap losses.
Benchmark copper CMCU3 on the London Metal Exchange (LME) was trading 0.6% lower at $8,739 a tonne by 1554 GMT, having earlier touched $8,726.5, its lowest level since April 5.
For a full report, click on MET/L
- - - -
OIL - Oil prices rose on Monday, reversing losses as investors grew optimistic that holiday travel in China would boost fuel demand in the world's largest oil importer.
Brent crude LCOc1 rose 1.06, or 1.3%, to $82.72 a barrel by 12:17 p.m. EDT (1717 GMT). U.S. West Texas Intermediate crude CLc1 rose 95 cents, or 1.2%, at $78.82.
For a full report, click on O/R
- - - -
PALM OIL - Malaysian palm oil futures finished lower for a second session on Thursday, underpinned by weakening rival oils, while falling exports dragged prices further, even as futures rose for the week.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange slid 30 ringgit, or 0.80%, to 3,705 ringgit ($835.40) a tonne, but edged up 0.08% for the week.
For a full report, click on POI/
- - - -
RUBBER - Japanese rubber futures extended losses for a second day and posted their largest daily drop since April 6 on Monday, tracking losses in the Shanghai market and weaker crude.
Osaka Exchange's rubber contract for September delivery JRUc6, 0#2JRU: finished 4.3 yen, or 2.1%, lower at 205.8 yen ($1.53) per kg.
For a full report, click on RUB/T
- - - -
(Bengaluru Bureau; +91 80 6749 1130)
April 25 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 7,322.00 | -8.40 | NZX 50** | 11,927.5 | 98.890 |
DJIA | 33,824.37 | 15.41 | NIKKEI** | 28,593.52 | 29.15 |
Nasdaq | 12,031.012 | -41.44 | FTSE** | 7,912.2 | -1.93 |
S&P 500 | 4,134.61 | 1.09 | Hang Seng** | 19,959.94 | -115.79 |
SPI 200 Fut | 7,351.00 | 21.00 | STI** | 3,324.55 | 2.73 |
SSEC** | 3,275.41 | -25.84 | KOSPI** | 2,523.5 | -20.90 |
----------------------------------------------------------------------------------------
Bonds | Bonds | ||||
JP 10 YR Bond | 0.475 | 0.005 | KR 10 YR Bond | 3.306 | -0.039 |
AU 10 YR Bond | 3.462 | -0.01 | US 10 YR Bond | 3.5128 | -0.059 |
NZ 10 YR Bond | 4.165 | 0 | US 30 YR Bond | 3.726 | -0.052 |
----------------------------------------------------------------------------------------
Currencies | |||||
SGD US$ | 1.3339 | -0.0005 | KRW US$ | 1,333.27 | 3.91 |
AUD US$ | 0.6691 | -0.00025 | NZD US$ | 0.6158 | 0.0025 |
EUR US$ | 1.1046 | 0.0059 | Yen US$ | 134.33 | 0.18 |
THB US$ | 34.34 | -0.01 | PHP US$ | 55.66 | -0.22 |
IDR US$ | 14,840 | 55 | INR US$ | 81.95 | -0.08 |
MYR US$ | 4.435 | -0.005 | TWD US$ | 30.645 | 0.023 |
CNY US$ | 6.8952 | 0.0022 | HKD US$ | 7.8493 | 0.0018 |
----------------------------------------------------------------------------------------
Commodities | |||||
Spot Gold | 1,989.31 | 6.4152 | Silver (Lon) | 25.1814 | 0.1499 |
U.S. Gold Fut | 1,999.95 | 9.65 | Brent Crude | 82.68 | 1.02 |
Iron Ore | CNY715.50 | -30 | TRJCRB Index | - | - |
TOCOM Rubber | JPY207.4 | 0.6 | LME Copper | 8,739 | -5 |
-----------------------------------------------------------------------------------------
** indicates closing price
All prices as of 18:15 GMT
EQUITIES
GLOBAL - Wall Street was subdued and U.S. Treasury yields dipped on Monday as investors braced for a week of high-profile quarterly earnings and closely watched economic data.
The pan-European STOXX 600 index .STOXX rose 0.03% and MSCI's gauge of stocks across the globe .MIWD00000PUS gained 0.03%.
For a full report, click on MKTS/GLOB
- - - -
NEW YORK - The Nasdaq led Wall Street losses on Monday as Tesla shares came under pressure on the company's plans to increase spending, while investors awaited results from megacap companies and key economic data this week.
At 11:44 a.m. ET, the Dow Jones Industrial Average .DJI was down 52.81 points, or 0.16%, at 33,756.15, the S&P 500 .SPX was down 12.52 points, or 0.30%, at 4,121.00, and the Nasdaq Composite .IXIC was down 98.14 points, or 0.81%, at 11,974.32.
For a full report, click on .N
- - - -
LONDON - European shares ended flat on Monday at the beginning of a week packed with high-profile earnings, while shares of Dutch health technology company Philips jumped after strong first-quarter results.
The pan-European STOXX 600 index .STOXX closed at 468.97 points, keeping to a narrow three-point range for most of the day.
For a full report, click on .EU
- - - -
TOKYO - Japan's Nikkei share average trimmed some early gains on Monday, as the mood turned more cautious in the afternoon session, with investors casting an eye ahead to corporate earnings and a central bank meeting due later in the week.
The Nikkei .N225 ended the day up 0.1% at 28,593.52 after paring gains in the afternoon session. In the morning it had hit a high of 28,680.65, taking it close to Friday's eight-month peak of 28,778.37.
For a full report, click on .T
- - - -
SHANGHAI - China stocks fell for the fourth session in a row on Monday, weighed down by lingering concerns over the sustainability of the economic recovery, despite more bullish forecasts from global banks.
China's blue-chip CSI300 Index .CSI300 dropped 1.2% to a one-month low, while the Shanghai Composite Index .SSEC fell 0.8%. Hong Kong's benchmark Hang Seng .HSI lost 0.6%.
For a full report, click on .SS
- - - -
AUSTRALIA - Australian shares closed marginally weaker on Monday, dragged by losses in heavyweight mining stocks, while investors waited for initial trends from the earnings season and first-quarter inflation print due later this week.
The S&P/ASX 200 index .AXJO settled down 0.1% at 7,322.0 points.
For a full report, click on .AX
- - - -
SEOUL - South Korean shares fell for a third straight session on Monday amid geopolitical worries and caution ahead of major company earnings. The Korean won weakened, while the benchmark bond yield fell.
The benchmark KOSPI .KS11 ended down 20.89 points, or 0.82%, at 2,523.51, marking its lowest closing level since April 10.
For a full report, click on KRW/
- - - -
FOREIGN EXCHANGE
NEW YORK - The euro gained while the Japanese yen fell on Monday in thin trading ahead of a closely watched Bank of Japan meeting and the last few data releases before Federal Reserve and European Central Bank interest rate decisions in early May.
The euro EUR=EBS was up 0.3% against the dollar at $1.1023, back above $1.10 for the first time since it hit a 14-month high of $1.10755 earlier this month.
For a full report, click on USD/
- - - -
SHANGHAI - China's yuan slipped versus the dollar on Monday, dropping to its weakest level in nearly a month, as investors await economic data from the U.S. this week that will help gauge the Federal Reserve's likely path on interest rates.
Spot yuan CNY=CFXS opened at 6.8881 per dollar and was changing hands at 6.9031 at midday, 101 pips weaker than the previous late session close.
For a full report, click on CNY/
- - - -
AUSTRALIA - The Australian and New Zealand dollars were on the defensive on Monday ahead of a reading on inflation which could well decide if Australian interest rates rise again, or have already peaked.
The Aussie stood at $0.6693 AUD=D3, having shed 0.7% on Friday to as low as $0.6678. It faces resistance at $0.6750, while major support lies at $0.6620.
The kiwi dollar lapsed to $0.6143 NZD=D3, after losing 0.6% on Friday. Support lies at the March low of $0.6085.
For a full report, click on AUD/
- - - -
SEOUL - The Korean won weakened, while the benchmark bond yield fell.
The won ended onshore trade KRW=KFTC 0.49% lower at 1,334.8 per dollar, after falling as much as 0.67% to hit a near five-month low of 1,337.1.
For a full report, click on KRW/
- - - -
TREASURIES
NEW YORK - One-month Treasury yields fell to their lowest levels since October on Monday as investors appeared to grow increasingly concerned about a potential standoff over the U.S. debt ceiling.
The yield on 10-year Treasury notes US10YT=RR was down 5.2 basis points to 3.520%, while the yield on the 30-year Treasury bond US30YT=RR was down 4.7 basis points to 3.731%.
For a full report, click on US/
- - - -
LONDON - Euro zone government bond yields rose on Monday as investors bet the European Central Bank will raise its main interest rate to above 3.8% and braced for key economic data later in the week.
The German 10-year yield DE10YT=RR was flat at 2.484%. It was still almost 30 bps away from its early March level of 2.77%, which was its highest level since July 2011.
For a full report, click on GVD/EUR
- - - -
TOKYO - Japan's 10-year government bond was almost flat on Monday ahead of the Bank of Japan's policy meeting towards the end of this week, as investors shrugged off comments from BOJ Governor Kazuo Ueda.
Benchmark 10-year JGB futures 2JGBv1 rose 0.06 yen to 147.77, with a trading volume of 8,638 lots.
For a full report, click on JP/
COMMODITIES
GOLD - Gold steadied on Monday, helped by a weaker dollar, although prices were stuck in a tight range as traders turned their attention to this week's economic data that may influence the U.S. Federal Reserve's next policy decision.
Spot gold XAU= was mostly flat at $1,983.06 per ounce by 11:25 a.m. EDT (1525 GMT) while U.S. gold futures GCv1 were up 0.2% to $1,993.60.
For a full report, click on GOL/
- - - -
IRON ORE - Iron ore futures slumped to their lowest in more than four months on Monday as weak steel demand in China prompted a production slowdown, while latest reports from major miners signalled ample supply of the steelmaking ingredient.
The most-traded September iron ore on China's Dalian Commodity Exchange DCIOcv1 ended daytime trade 3.1% lower at 721.50 yuan ($104.69) a tonne. It earlier dropped to 715.50 yuan, its weakest since Dec. 21.
On the Singapore Exchange, the benchmark May iron ore SZZFK3 dropped as much as 4.9% to $102.80 a tonne, the lowest since late November.
For a full report, click on IRONORE/
- - - -
BASE METALS - Copper prices fell to more than a two-week low on Monday as the market focused on lacklustre demand in top consumer China, while a softer dollar helped to cap losses.
Benchmark copper CMCU3 on the London Metal Exchange (LME) was trading 0.6% lower at $8,739 a tonne by 1554 GMT, having earlier touched $8,726.5, its lowest level since April 5.
For a full report, click on MET/L
- - - -
OIL - Oil prices rose on Monday, reversing losses as investors grew optimistic that holiday travel in China would boost fuel demand in the world's largest oil importer.
Brent crude LCOc1 rose 1.06, or 1.3%, to $82.72 a barrel by 12:17 p.m. EDT (1717 GMT). U.S. West Texas Intermediate crude CLc1 rose 95 cents, or 1.2%, at $78.82.
For a full report, click on O/R
- - - -
PALM OIL - Malaysian palm oil futures finished lower for a second session on Thursday, underpinned by weakening rival oils, while falling exports dragged prices further, even as futures rose for the week.
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange slid 30 ringgit, or 0.80%, to 3,705 ringgit ($835.40) a tonne, but edged up 0.08% for the week.
For a full report, click on POI/
- - - -
RUBBER - Japanese rubber futures extended losses for a second day and posted their largest daily drop since April 6 on Monday, tracking losses in the Shanghai market and weaker crude.
Osaka Exchange's rubber contract for September delivery JRUc6, 0#2JRU: finished 4.3 yen, or 2.1%, lower at 205.8 yen ($1.53) per kg.
For a full report, click on RUB/T
- - - -
(Bengaluru Bureau; +91 80 6749 1130)
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What does Onmobile Global do?
OnMobile Global is a leading provider of value-added services for mobile, offering Ringback Tones, Digital Content Store, and Infotainment like music, news, and sports to consumers worldwide.
Who are the competitors of Onmobile Global?
Onmobile Global major competitors are Nazara Technologies, Delta Corp, Media Matrix World, Brightcom Group, XT Global Infotech, Onward Technologies, CyberTech Sys. &Soft. Market Cap of Onmobile Global is ₹513 Crs. While the median market cap of its peers are ₹1,055 Crs.
Is Onmobile Global financially stable compared to its competitors?
Onmobile Global seems to be less financially stable compared to its competitors. Altman Z score of Onmobile Global is 3.16 and is ranked 8 out of its 8 competitors.
Does Onmobile Global pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Onmobile Global latest dividend payout ratio is 48.81% and 3yr average dividend payout ratio is 48.81%
How has Onmobile Global allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory, Accounts Receivable
How strong is Onmobile Global balance sheet?
Balance sheet of Onmobile Global is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Onmobile Global improving?
The profit is oscillating. The profit of Onmobile Global is -₹33.3 Crs for TTM, ₹15.32 Crs for Mar 2024 and ₹6.79 Crs for Mar 2023.
Is the debt of Onmobile Global increasing or decreasing?
Yes, The debt of Onmobile Global is increasing. Latest debt of Onmobile Global is -₹14.98 Crs as of Sep-24. This is greater than Mar-24 when it was -₹114.33 Crs.
Is Onmobile Global stock expensive?
Onmobile Global is not expensive. Latest PE of Onmobile Global is 0.0, while 3 year average PE is 41.18. Also latest EV/EBITDA of Onmobile Global is 39.77 while 3yr average is 46.48.
Has the share price of Onmobile Global grown faster than its competition?
Onmobile Global has given lower returns compared to its competitors. Onmobile Global has grown at ~-15.55% over the last 4yrs while peers have grown at a median rate of 12.37%
Is the promoter bullish about Onmobile Global?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Onmobile Global is 47.9% and last quarter promoter holding is 47.9%.
Are mutual funds buying/selling Onmobile Global?
There is Insufficient data to gauge this.