Exchange Invest Weekly Podcast 030

Transcript:   Ladies and gentlemen, the Hound of Hounslow avoids jail. He's going to be confined to his kennel instead. There are encouraging NASDAQ results and a new CEO for Oslo Bors. That's perhaps the least shocking news of the year so far. They say life begins here: Welcome to Episode 30 of the Exchange Invest weekly podcast.   It's another curious hybrid of super optimistic weapons grade grumpy snark once again today, but the feedback remains solidly favorable: not necessarily in agreement I hasten to add. But what I am saying, is the whole format of opinions or feedback is welcome as always, whether in relation to the Exchange Invest Daily newsletter or this the Exchange Invest Weekly Podcast. This is Episode 30. My name is Patrick L Young.    ...And so on to our top line stories this week. Decent results from Singapore Exchange, their second quarter net profit Rose 2.6%. Perhaps most interestingly, they are buying an Index Provider for $206 million: Scientific Beta PTE.    No acquisitions from Japan Exchange Group, they produced some solid consolidated results for the nine months ended December 31. Meanwhile, NASDAQ profits: they topped Wall Street's estimates on the non trading unit strength with a declared dividend of 47 cents per share. NASDAQ beats estimates thanks to earnings beyond pure exchange listing and trading. But it keeps being referred to as ‘non core’ by the media: leads me to wonder just when Nasdaq’s core will not be its core, or vice versa, as clearly the Adena Friedman era is reshaping the behemoth Bob built for a new generation of growth.    Finally on results for this week, the Dar es Salaam Stock Exchange, their profits plunged after a historic sale of Voda shares.    Hong Kong is open as usual for business as I speak to you at the end of a wondrous week in markets. But at the same point in time, China is not going to be open until Monday 3rd February, a post festive reopening day pushed back as a result of Coronavirus. Some of the media have been fallaciously suggesting China is trying to reduce risk to stock market prices. Whereas, it looks more to me like a common sense move restricting the commodity exchanges as well as the stock exchanges and thus reducing movement over what then becomes a long weekend, hopefully helping to contain the Coronavirus outbreak.    Over at the National Stock Exchange of India, institutions are rushing to sell their shares as unfortunately, the uncertainty prevails over whether there will ever be a listing of the National Stock Exchange of India's shares given Sebi’s ability to seemingly find something buried under the carpet every time an IPO is mentioned. You know, readers, it's the year 2020. I mean, I'm just reiterating that in case you feel locked into a form of NSE IPO centric Groundhog Day because this could be more or less anytime during the past decade.    Our second story this week concerns Brexit. By the time you listen to this podcast, Britain, the United Kingdom of Great Britain and Northern Ireland will have left the European Union after 47 years, having joined the European Economic Community, and then subsequently discovered that what came after it, which was the urge for a European super state didn't actually gel with the British people's idea of what they signed up for in the first place.   This week, there have been a series of stories. Academics were in the House of Lords this week, and talking to parliamentarians, Brexit could mean a 5 billion pound...