| Latest Forum Topics / Straits Times Index |
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STI to cross 3000 boosted by long-term investors
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Demostation
Supreme |
01-Jun-2016 11:38
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Many years ago the Sg Market was full of vigor, and doing brisk trades, high volume and good capitalization with good mix of listed companies whose shares were actively traded.  Today it is a completely different picture.  Maybe the authy could not find the reasons for its laggardness and problems associated with listed companies.  Maybe they know the problems but cannot fix it properly, or they  are  not eager that they be fixed because there are other things more important that  needed for them to fix.  I think in the past, trading was full of vigor because we had the NGOs and stat boards that were flushed with idle cash participating in the trading of stocks.  Today they are not allowed to do so after many of these NGOs and stat boardtos lost millions of dollars and things came to light regarding the risks that they took.  So today you see our pathetic low volume and low participation by investors in the trading realm.  In addition, there are also many problem that can deter potential investors putting in their money on the market.  They saw it futile to do so because of the culture of short selling and manipulations that cannot be managed by the authorities. And too many have lost money trying their luck in the Sg market.  Many corporations are walking towards the dishonest culture that can rake them fortunes in a legal way.  So investing becomes a mind bogging tasks, not as easy as put your money and let it grow kind of approach. SGX continues to accept feedbacks, I think, but whether feedbacks are logical and practical suggestions, we laymen would not know which are good and accepted for implementations, and which are not.  Will funds eventually come back if there is a real revamp of the market, is a big question as there are many problems lingering here.  Thinking about the whore thing... |
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WanSiTong
Supreme |
01-Jun-2016 10:09
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Flat Chinese May manufacturing survey fails to drive Asia stocks Asian markets remained stuck in negative territory on Wednesday, not getting much impetus from China' s official purchasing managers' index (PMI) coming in largely as expected. The Nikkei 225 shed 0.59 percent, likely weighed by the yen taking a leg higher. The dollar fetched 110.74 yen at 9:36 am SIN / HK, with the dollar-yen currency pair recovering from lows around 110.42 earlier in the session, but still down from levels over 111 on Tuesday. Australia' s gross domestic product (GDP) came in well above expectations, rising 3.1 percent on-year in the first quarter, compared with a Reuters poll forecast for 2.8 percent growth. Shanghai Composite was down 0.18 percent after jumping 3.32 percent on Tuesday in the wake of a Goldman Sachs report released Tuesday that raised the probability of A-share inclusion in the MSCI indexes to 70 percent from 50 percent previously. The MSCI will announce the results of its Annual Market Classification Review on June 15, which may see the A-share market included in the index. The Shenzhen Composite added 0.39 percent after climbing 4.09 percent Tuesday. Hong Kong' s Hang Seng Index was flat. Some have doubts that a " yes" from MSCI will spur a surge of funds into China' s markets. Markets did not get much impetus in either direction from China' s official PMI for May coming in at 50.1, steady with April' s level and a tick above a Reuters poll forecast for 50.0. Levels above 50 indicate expansion, while levels below indicate contraction. The official non-manufacturing PMI, which measures services, slipped to 53.1in May from April' s 53.5. The services sector now accounts for more than half of China' s GDP. The private Caixin China PMI survey will be released later. Energy shares around the region lost ground after oil prices failed to hold levels above $ 50 a barrel. In Australia, Woodside fell 1.53 percent, while Japan' s Inpex fell 0.99 percent WTI futures were down 0.26 percent at $ 48.97 at 9:12 SIN / HK, after settling down 0.47 percent Tuesday. Brent was off 0.48 percent at $ 49.65.   Asian Indexes
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WanSiTong
Supreme |
01-Jun-2016 07:16
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Stocks close mixed Dow ekes out first 4-month win streak since 2014 U.S. stocks closed mixed Tuesday, the last trading day of May, as investors eyed economic reports for indications on the timing of the next rate hike. " The data today was somewhat mixed," said Jack Ablin, chief investment officer at BMO Private Bank. " Perhaps investors (are) still weighing the implications of higher, short-term rates." The Dow Jones industrial average clung to mild gains for the month, marking its first four-month win streak since June 2014. (Tweet This) The S & P 500 closed 1.5 percent higher for the month, its first three-month win streak since June 2014 . US markets were closed Monday for Memorial Day. The major averages ended well off session lows, with the Nasdaq composite closing higher to post monthly gains of 3.6 percent. Shares of Amazon.com hit a fresh all-time high and posted three-straight months of gains. Traders attributed the intraday decline to profit-taking after last week' s gains and some disappointing reads on consumer confidence and regional manufacturing. " Going into June I think there' s a lot of risk on the table," said John Caruso, senior market strategist at RJO Futures. Both OPEC and the European Central Bank are due to meet this week, ahead of the Federal Reserve meeting and the " Brexit " vote scheduled for later in the month. Declines in oil prices also weighed. WTI futures settled down 23 cents, or 0.47 percent, at $ 49.10 a barrel, but still posting its first four-month win streak since 2011. Ahead of the jobs report due Friday, the Chicago PMI came in below expectations and in contraction territory at 49.3 in May. The Dallas Fed manufacturing index declined from minus 13.9 to minus 20.8 in May. Consumer confidence was 92.6 in May, down from 94.7 in April. Asian stocks closed higher, with the Nikke 225 up nearly 1 percent. The Shanghai composite outperformed with a 3.3 percent jump, following news Goldman Sachs increased to 70 percent the probability that MSCI will include mainland Chinese A shares in its global indexes. The decision is expected June 14. Read more....     |
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famouspinky
Supreme |
31-May-2016 23:22
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There's no such thing as blue chip lol | |||||||||||||||||||||||||||||||||||||||||||||||||||
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halleluyah
Supreme |
31-May-2016 22:44
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Lol...top world class wor...
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GorgeousOng
Supreme |
31-May-2016 22:36
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Many still not back from Memorial Holiday!!! Happy Happy Sunbathing!!! |
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WanSiTong
Supreme |
31-May-2016 17:38
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Straits Times Index 2,791.06     -0.20%   -5.69
 
  Singapore shares close weaker as early window-dressing momentum fades MONDAY' S column raised the strong likelihood that blue chips would enjoy a month-ending window-dressing push on May 31. As it turned out, this was initially the case when the Straits Times Index (STI) on Tuesday first jumped 38 points to an intraday high of 2,834, before plunging to a net loss of 5.69 points at 2,791.06 in the final two hours of trading. Turnover was a heavy 1.4 billion units worth almost S $ 2 billion, possibly the highest single-day volume this year. The afternoon selling was in tandem with a dip in the Dow futures and a weak opening for Europe. Banks were at the forefront of the STI' s spectacular surge and plunge, though brokers were not surprised.   " Anything to make things look better than they really are," remarked one dealer. " Too bad it did not hold."   |
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bishan22
Supreme |
31-May-2016 17:34
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What a let down today....... 
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Isolator
Supreme |
31-May-2016 16:14
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Enjoy oil rally above 60 and gold crash down below 900... | |||||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
Supreme |
31-May-2016 13:22
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China Stocks Soar on MSCI Speculation Updated May 31, 2016 12:59 a.m. ET Chinese stocks surged Tuesday in the largest one-day gain in two months, propelled by increased optimism that they may soon be included soon in an influential global benchmark. In China, the Shanghai Composite Index was up 2.4%, the biggest intraday move since March. The smaller Shenzhen Composite Index rose 2.8%, and the tech-focused ChiNext index was up 3.2%. Elsewhere in Asia, Japan' s Nikkei Stock Average was up 0.7%, Korea' s Kospi was up 0.5%, and Hong Kong' s Hang Seng Index was up 1.2%. Australia' s S & P / ASX 200 was down 0.2%. Analysts and investors were increasingly expecting that MSCI, the global index provider, will soon add mainland-traded Chinese stocks, so-called A-shares, in its Emerging Markets Index. Funds managing a total of some $ 1.7 trillion track this benchmark globally. Traders are anticipating that MSCI' s inclusion of A-shares into the index will channel billions in passive asset-management money into China, lifting share prices. A Goldman Sachs report released Tuesday morning raised the likelihood of the stocks' inclusion to 70% from 50% during MSCI' s expected decision mid-June, which helped boost market sentiment, traders said. The price of Brent crude oil continued to hover at about $ 50.26 per barrel. Read more....   Asian Indexes
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goldvision
Senior |
31-May-2016 11:53
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" Sometimes you think you know, but in fact you don' t" . What a good description about yourself
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WanSiTong
Supreme |
31-May-2016 10:07
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Asian Indexes
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FATABA
Supreme |
31-May-2016 10:06
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STI surprise everyone .....hope its catching up ....and a better Jun.
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bishan22
Supreme |
31-May-2016 09:46
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STI top in the region?? Window dressing??? |
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WanSiTong
Supreme |
31-May-2016 09:33
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Oil heads for longest run of gains in 5 years before Opec meets MAY 31, 20167: 46 AM Oil headed for the longest run of monthly advances in more than five years as Opec delegates prepared to meet this week in Vienna to assess output. Futures in New York are up about 8 per cent in May, rising for a fourth month. Libya' s Petroleum Facilities Guard captured a town near the Es Sider and Ras Lanuf oil-loading terminals after fierce clashes with Islamic State militants. Oil has surged since slumping to a 12-year low in February on signs the worldwide surplus is easing amid declining production from the US to Nigeria. Opec is unlikely to reach any agreement to limit output when it meets Thursday as the group sticks with Saudi Arabia' s strategy of squeezing out rivals, according to analysts surveyed by Bloomberg. West Texas Intermediate for July delivery was at US $ 49.49 a barrel on the New York Mercantile Exchange, up 16 US cents at 9:02 am Sydney time. There was no settlement Monday because of the US Memorial Day holiday. Trades will be booked Tuesday for settlement purposes. Brent for July settlement, which expires Tuesday, rose 44 US cents, or 0.9 per cent, to close at US $ 49.76 a barrel on the London-based ICE Futures Europe exchange on Monday. Prices are set for a fourth-monthly increase, also the longest streak since 2011.   |
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WanSiTong
Supreme |
31-May-2016 08:59
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Asian stocks open mixed ASX down 0.6%, Nikkei flat Asian markets were lower to flat early on Tuesday, as markets digested data out of Japan and South Korea. Australia' s ASX 200 was 0.62 percent lower in early morning trade, weighed by its energy subindex, which plunged 1.2 percent, as well as a 0.69 percent decline in its financials subindex. The Nikkei 225 opened effectively flat, in the wake of mixed economic data out of Japan while in South Korea, the Kospi was mostly unchanged as well. Japan' s industrial output in April saw a 0.3 percent increase on March' s numbers, beating expectations for a 1.5 percent fall. The better-than-expected data suggested that production was holding up despite weaker exports and impact from the Kumamoto earthquakes, Reuters reported. Japan' s April household spending fell 0.4 percent year-on-year, the second month of declines, while unemployment rate held steady at 3.2 percent. Brent crude futures settled up 0.89 percent at $ 49.76 a barrel, while Nymex crude had no settlement but it traded at $ 49.63 a barrel, up 30 cents at 6:26 a.m. HK / SIN time. U.S. were shut on Monday for the Memorial Day holiday.  
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WanSiTong
Supreme |
30-May-2016 18:10
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Straits Times Index 2,796.75   -0.21%   -5.76
 
Singapore shares close weaker in lowest volume of the year THE Straits Times Index on Monday drifted to a 5.76-point loss at 2,796.75 in one of the quietest sessions this year, most probably because of Wall Street' s Monday closure for Memorial Day. Even gains in Hong Kong failed to stir much movement here, resulting in only 834.5 million units worth S $ 600 million traded, the lowest single-day total of 2016. Of this, S $ 375 million or 62 per cent came from trading in the 30 index members. " News from overseas markets like Hong Kong is that trading there is very quiet," remarked a dealer " If they are quiet, then imagine how it is for us." Feedback from other dealers -. Those who could stay awake - was no different , the descriptions of trading conditions being mainly unflattering and unprintable. Noble Group was the day' s most active counter after an announcement that its chief executive officer (CEO), Yusuf Alireza, has resigned for family reasons. The company also announced that it is appointing two co-CEOs. The stock plunged S $ 0.025 or 8.2 per cent to S $ 0.28 on volume of 131.6 million, most of this coming in the mid-afternoon after Europe opened.   |
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WanSiTong
Supreme |
30-May-2016 15:46
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European stocks open mixed after Yellen rate hike comments European markets opened mixed on Monday as investors digest comments from Federal Reserve Chair Janet Yellen who suggested a rate hike in the next few months is appropriate. The mixed open comes after a strong close to trading in the U.S. on Friday and as Asian shares were broadly higher. Yellen on Friday reiterated her call that a rate hike could be around the corner. " It' s appropriate, and I' ve said this in the past, I think for the Fed to gradually and cautiously increase our overnight interest rate over time and probably in the coming months, such a move would be appropriate," Yellen said in response to a question at Harvard' s Radcliffe Institute for Advanced Study. European Indexes
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andysim83
Elite |
30-May-2016 14:34
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x 0
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lol see liao sian..see STI...not moving 1
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WanSiTong
Supreme |
30-May-2016 14:26
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Asian Indexes
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