WEEKLY TOP GAINERS/LOSERS: 04.04.2018

Top Gainers – The World Market

1. Shire PLC – growth in stock prices of the Irish biopharmaceutical company is due to reports that the Japanese pharmaceutical giant Takeda Pharmaceutical is going to acquire it.

2. Santos Ltd – stock prices of the Australian oil and gas company rose after the US investment fund Harbour Energy again offered to purchase its shares. This is the 4th offer since August last year.

Top Losers – The World Market

1. Power Assets Holdings – stocks of the company fell after the major Japanese investment bank Mizuho Securities lowered its recommendations on them. Earlier, the head of Power Assets Holdings, 89-year-old billionaire Li Kashin announced his resignation.

2. Panasonic Corp – stocks fell amid the reports by the US authorities on the start of the fatal crash investigation of the Tesla Model X electric car in California. Batteries manufactured by Panasonic are used in its production.

Top Gainers – Foreign Exchange Market (Forex)

1. CADCHF - growth of the currency pair is due to the strengthening of the Canadian dollar. Investors positively reacted to the next round of negotiations on the revision of the North American Free Trade Agreement. In addition, another increase in the Bank of Canada rate cannot be excluded. Since July last year, it has already increased the rate thrice after the US Fed. In turn, member of the governing board of the Swiss National Bank Andrea Maechler spoke out against a hasty rate hike in Swiss.

2. USDSEK - Swedish krona rose after the head of the Bank of Sweden Cecilia Skingsley’s statement about a possible rate hike later this year. Now the rate is minus 0.5%, in case of inflation - 1.6%.

Top Losers - Foreign Exchange Market (Forex)

1. EURMXN, EURCAD - weakening of the euro against the Mexican peso and the Canadian dollar occurred amid investors' expectations that the ECB will continue an easy monetary policy while continuing the rate hike of the US Fed. According to Reuters, the share of US bonds in the portfolios of the largest European investment funds in March 2018 increased to 20.7% from 18.2% in February. This level is the highest since September 2017.