- Micronet Enertec Technologies suffered relatively more than others yesterday after 28.41% dip Taboola had a negative day yesterday (down 6.44%).
- Asia-Pacific markets are currently mixed so far this session.
Yesterday's trading session saw to it that leading equity indices in the US declined as Nasdaq slipped 0.59% and closed at 10,984. S&P 500 shed 0.16% and closed at 3,957.63.
US markets are now currently closed and set to reopen today; meanwhile, Asia-Pacific markets are in session with varied performances. European markets ended a mixed session yesterday whilst FTSE goes up by 0.51%, reaching 7,512.
Markets are trading lower today despite some positive data published earlier as data for United States Consumer Confidence released yesterday at 15:00 UTC is better than expected with 100.2, but worse than previous figure of 102.2.
Meanwhile, United States API Weekly Crude Oil Stock released yesterday at 21:30 UTC with a figure of -7.85 million, while the previous figure was -4.82 million. United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Sep) came out at 10.4, while a consensus of analysts was expecting 10.8.
Some optimism can drawn from the fact that United States Pending Home Sales is projected to outperform its last figure with -5%. It previously stood at -10.2%; data will be released today at 15:00 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -2.76 million. It previously stood at -3.69 million; data will be released today at 15:30 UTC.
Furthermore, United States Core PCE Price Index (MoM) (Oct) is scheduled for tomorrow at 13:30 UTC.
While markets are generally down so far today, some stocks outperformed such as Bilibili gained 22.32% to reach $15.4.
Yesterday's bearishness meant that Micronet Enertec Technologies lost 28.41% yesterday before closing at 80.9 cents. Taboola had a negative day yesterday (down 6.44%).
MICT sheds 28.41% within 77 cents to $1.02 daily range
Early in yesterday's session, MICT, Inc. dropped to 77 cents from $1.13 at the end of Monday, before closing at 80.9 cents. During the session, it lost 28.41%.
MICT has a market cap of $104.82 million with an average daily trading volume of 425,995 shares.
Daily trading volume (8.19 million shares) increased, making up 198% of the 21-day average (4.14 million).