Notable ETF Movers of the Day 01/18: (OIH) (FXI) Higher; (SMH) Lower

January 18, 2013 1:06 PM EST Send to a Friend
Gainers:

Market Vectors Oil Services ETF (NYSE: OIH) gained 1.4 percent to 41.7. Shares of oilfield services provider Schlumberger Limited (NYSE: SLB) were higher by 3.5 percent. This morning Schlumberger reported Q4 results that were ahead of consensus. Importantly, the stock is a top holding in OIH with an approximated 20 percent weighting.

iShares FTSE China 25 Index Fund ETF (NYSE: FXI) gained 0.7 percent to 41.6. Stocks in Hong Kong moved higher after data in China showed a larger than expected rise in GDP to 7.9 percent compared to estimates of 7.8 percent.

Decliners:

Market Vectors Semiconductor ETF (NYSE: SMH) declined 1.6 percent to 34. Shares of the world's largest chip maker Intel (Nasdaq: INTC) opened lower on Friday after reporting Q4 earnings and guidance the night before. Intel aside, semiconductor stocks were mixed, with shares of Broadcom Corp. (Nasdaq: BRCM) trading lower, while shares of Applied Materials (Nasdaq: AMAT) jumped. Shares of Advanced Micro Devices (NYSE: AMD) followed Intel lower.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

ETFs, Special Reports

Related Entities

Notable ETF Movers, Earnings

Add Your Comment