BUSINESS NEWS
13
INTERNATIONAL AND SPECIALIZED TRANSPORT
■
NOVEMBER 2013
STOCK
CURRENCY
PRICE
PRICE CHANGE
%
PRICE 12
12 MTH
AT START AT END
CHANGE MTHS AGO % CHANGE
IC
Share Index*
55.00 53.91 -1.09 -1.99
48.38
11.44
Legacy IC Share Index**
369.00
363.31
-5.68
-1.54
231.98
56.62
Dow Jones Industrial Average
15328
15509
180.91
1.18
13107.21
18.33
FTSE 100
6542
6706
164.03
2.51
5795.10
15.72
Nikkei 225
14760
14088 -671.88
-4.55
8841.98
59.33
Hitachi Construction Machinery YEN
2244
2145
-99
-4.41
1300
65.00
Konecranes
€
25.39
24.47
-0.92
-3.62
24.04
1.79
Kobe Steel
YEN
185
176
-9
-4.86
68
158.82
Liugong
CNY
6.73
6.71
-0.02
-0.30
8.28
-18.96
Manitowoc
US$
19.47
19.74
0.27
1.39
13.86
42.42
Palfinger
€
26.80
26.40
-0.40
-1.47
15.55
69.77
Sany Heavy Industry
CNY
7.49
7.20
-0.29
-3.87
9.08
-20.70
Tadano
YEN
1320
1179
-141
-10.68
587
100.85
Terex
US$
34.09
35.59
1.50
4.40
22.04
61.48
XCMG
CNY
8.20
7.85
-0.35
-4.27
10.61
-26.01
Yongmao Holding
SGD
0.21
0.20
0.00
-2.44
0.08
140.96
Zoomlion
CNY
5.61
5.45
-0.16
-2.85
8.48
-35.73
*IC Share Index, 1 Jan 2011 = 100
**Legacy IC Share Index, end April 2002 (week 17) = 100
NOVEMBER IC SHARE INDEX
CURRENCY
VALUE
VALUE
CHANGE
% CHANGE
VALUE 12
12 MTH
AT START
AT END
MTHS AGO
% CHANGE
CNY
6.122
6.083
-0.0390
-0.64
6.25528
-2.75
€
0.7409
0.7237
-0.0171
-2.31
0.7733
-6.41
Yen
98.59
97.02
-1.57
-1.59
79.47
22.09
UK£
0.6408
0.6172
-0.0236
-3.68
0.6230
-0.93
Period: Week 39 - 43
EXCHANGE RATES – US$
Mixed global
messages
to limit the damage. But the
good news is that the crane
sector continues to look better
than it did a year ago. The
sector was up some 11.44 %
on its position 12 months ago,
and the strong growth among
Japanese manufacturers has
been a key driver for this, along
with solid improvements by
US and European players.
Chinese manufacturers,
however, still look depressed
and their share prices may
not have yet bottomed-out.
Many of the larger players are
still looking at double-digit
The partial US
government
shutdown in
October did not
bother the stock
markets, with
many indicators
eking out small
gains. The lifting
sector, however,
was more mixed.
CHRIS SLEIGHT
reports
percentage losses in their stock
market valuations compared to
a year ago.
This indicates that while
there is confidence in the wider
economic picture, and major
indices like the Dow are seen
as a safe haven for investors,
the global recovery is still
relatively weak.
The softness in Chinese
share prices is indicative of the
on-going readjustment in the
country’s construction industry
following the remarkable
stimulus-driven boom of a
few years ago.
■
T
he shut-down of
non-essential US
government services in
October did not cause much
of a stir as far as stock markets
were concerned. It may be
surprising that the failure to
agree a budget and a close
encounter with the debt ceiling
in the world’s biggest economy
was not cause for panic, but
investors were unfazed.
In fact the Dow managed
a moderate gain of 1.18 %
between weeks 39 and 43,
which included the shutdown
period. There was a downward
blip when the enforced
furlough of some 700,000
public employees started, but
the markets had recovered
before they went back to work.
There was a similar reaction,
or lack of reaction, in other
parts of the world. In the UK
the FTSE 100 was up 2.51 %
over the same period and other
European indicators also
improved. Japan’s Nikkei 225
was down 4.55 % however,
bear in mind that it has seen
phenomenal growth over the
last year, with a rise of
almost 60 %.
October, however, saw
the crane sector miss out on
growth once again. The
IC
Share Index was down 1.99 %
to 53.91 points, with falls for
all the Asian and European
manufacturers depressing the
sector. Growth in Manitowoc’s
and Terex’s share price helped
