HCA Market Close 29.11.22: Featuring Boozt, Xplora, SP Group, and Hansa Biopharma
HCA Market Close 29.11.22 – Boozt gains on narrowing of its guidance following a strong Black Friday, Xplora announces product bundling capabilities in Spain, while Hansa Biopharma and SP Group also feature.
Market Movements:
Denmark: OMX:C25 (-0.08%) ; Sweden: OMX:S30 (-0.20%) ; Norway: OBX:OSL (+1.56%) ; S&P 500 (-0.44%) ; Nasdaq (-0.51%); Stoxx 600 (-0.13%)
Market Drivers:
Markets fell today as oil prices gained on news that China is increasing its vaccination efforts for the elderly, driving reopening expectations.
US Treasury yields gained as higher energy prices suggest further difficulties in bringing inflation under control. A China reopening would likely signal tighter energy markets which are already strained, making the Fed’s job of tackling inflation more difficult, suggesting more aggressive rate hiking. However, a China reopening also improves the global trade outlook, with market participants unsure of what a reopening would mean for markets.
Fed Chair Jerome Powell is set to speak tomorrow, which markets will no doubt be closely watching. Expectations are for the Fed to hike rates by 50 basis points at their December meeting.
Snacks from the HCA Platform:
Shares of Boozt took quite a jump gaining some 12.6% to DKK 114.1 in today’s market following the announcement this morning, where the company now expects revenue and earnings in the upper end of the guidance range for 2022. This follows strong sales in October and November – in particular, the Black Friday week was a success, with both new customers and existing customers shopping more than expected. Thus, Boozt now expects both revenue growth and adjusted EBIT for 2022 in the upper end of the respective intervals of 10-15% and SEKm 235-285. As analysts’ expectations were at 10.2% and SEKm 235, we see a positive share price reaction today.
Universal-Investment-Gesellschaft mbH, which is a group of three German investment companies, earlier today announced that they now own 624,662 shares in SP Group, equal to around 5.001% of the outstanding shares. Universal-Investment has previously held a 6.993% position in SP Group, which was announced in April 2021, but then in May 2022, the investment companies went below the 5% threshold.
Xplora announced this morning the company has gone live as a mobile service provider in Spain, allowing the bundling of Xplora’s physical smartwatches for kids with a SIM connectivity subscription.
Hansa Biopharma fell 5.2% today despite announcing positive results from the company’s Phase 2 study after market close yesterday. The final study results are expected during 2023.
Disclaimer: HC Andersen Capital receives payment from the companies for a #DigitalIR agreement./ Philip Coombes 18:20
Login required
This content is only available for logged in users