| Latest Forum Topics / Straits Times Index |
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STI to cross 3000 boosted by long-term investors
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spore1
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26-May-2016 20:46
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Will Dow retest 18000 level..I think high chance | |||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
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26-May-2016 17:32
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  Straits Times Index 2,773.31     0.24%     +6.65
 
  Singapore shares close 0.24 per cent up on Thursday THE Singapore market closed 0.24 per cent higher on Thursday, with the Straits Times Index gaining 6.65 points to 2,773.31 as the price of Brent crude surpassed US $ 50 a barrel for the first time in nearly seven months. About 975 million shares worth S $ 775 million in total changed hands, which worked out to an average unit price of S $ 0.80 per share. Oil-and-gas plays Ezra Holdings, Vallianz Holdings and Ezion Holdings featured on the list of the exchange' s most heavily traded stocks. The three counters gained 2.9 per cent, 2.6 per cent and 1.9 per cent, respectively.   |
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risktaker
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26-May-2016 17:12
Yells: "Posts are opinions. Do not take it as investment advise " |
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Dont we feel good when market is bouncing :) | |||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
Supreme |
26-May-2016 16:33
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Asia markets mixed Brent hits $ 50 for the first time in nearly 7 months 11 Mins Ago Across Asian markets, the energy sector saw gains as oil prices hit the $ 50-a-barrel mark for the first time since early November, but broader markets were mixed. In Japan, the Nikkei 225 gave up most of its gains to close the session nearly flat, up just 0.09 percent at 16,772.46, while across the Korean Strait, the Kospi erased gains to finish down 3.45 points, or 0.18 percent, at 1,957.06. In hong Kong, the Hang Seng index ended up 0.14 percent, or 29.06 points, at 20,397.11. Mainland Chinese markets turned positive in the final hour of trade, with the Shanghai composite retracing nearly 1 percent losses to close up 0.27 percent, or 7.49 points, at 2822.57, while the Shenzhen composite added 0.48 percent, or 8.70 points, to end at 1808.93 . Global benchmark Brent futures traded up 0.60 percent at $ 50.04 a barrel as of 3:40 p.m. HK / SIN, while U.S. crude futures were higher by 0.54 percent at $ 49.83. Asian Indexes
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WanSiTong
Supreme |
26-May-2016 16:29
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European stocks turn broadly positive amid oil rises European stocks turned higher on Thursday amid a rebound in oil prices. The pan-European Stoxx 600 index was trading flat to positive on Thursday morning with oil and gas stocks and basic resources the biggest gainers. Oil prices gained as much as 2 percent on Wednesday and continued their rally on Thursday after U.S. government data showed a larger-than-expected drop in crude inventories. The U.S. Energy Information Administration said crude inventories fell 4.2 million barrels in the week to May 20. Analysts polled by Reuters expected a drop of 2.5 million barrels in inventory. On Thursday, Brent oil futures climbed above $ 50 a barrel for the first time in nearly seven months. In Asia on Thursday, markets gave up much of their early gains in mid-morning trade despite the oil price rally. In other news, the two-day G7 Summit 2016 Japan kicked off in Ise-Shima on Thursday. Earnings are due from the National Bank of Greece, Tate and Lyle, Daily Mail and General Trust, United Utilities and Pets at Home Group. European Indexes
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WanSiTong
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26-May-2016 12:05
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Asian Shares: Energy Stocks Buoyed by Oil' s Rise Energy shares rose across Asia on Thursday as oil prices breached a key threshold, though lingering concerns about a U.S. interest-rate increase capped gains in stocks. In early Asian trading hours, Brent oil futures, the global benchmark for oil, broke above $ 50 a barrel, a psychologically important benchmark for traders. Goldman Sachs last year projected oil could drop to as low as $ 20 a barrel, and the price plummet was a key worry for stock investors globally. Falling oil prices hurt profit at energy companies and the financial institutions that loan money to them. Also, the decline has not translated into a big uptick in consumer spending in the US, which has added to concerns about the health of the US economy, analysts say. As oil climbs higher, that " will be a good, positive sentiment for the equities market," said Alex Wijaya, a senior sales trader for CMC Markets in Singapore. Citigroup analysts said in a morning note that " we do not anticipate investors in Asia will add much risk to their portfolios" before further economic data from the US later Thursday, a scheduled speech by US Federal Reserve Chairwoman Janet Yellen on Friday and the closure of stock markets in the US and the UK on Monday in observance of public holidays. The price of Brent crude oil was recently trading at $ 50.02 a barrel. Singapore Maritime Stocks Up as Oil Prices Rise The FTSE ST Maritime Index is at its highest in nearly three weeks on the back of rise in global oil prices to highest level since early November. The index, which captures the performance of companies that earn a substantial proportion of their revenue from maritime related activities, is at 195.83, up 0.6% as the international oil prices rose to their highest levels in six months as the recent decline in US crude stocks raised expectations for a tightening in the market amid lower global supply. Shares in marine-to-utilities conglomerate Sembcorp Industries (U96.SG) rose 0.7% at S $ 2.78 while those in Sembcorp Marine rose about 1.0% at S $ 1.555. Shares in the world' s largest offshore rig builder Keppel Corp. (BN4.SG) rose 2.1% at S $ 5.38. Ezra Holdings (5DN.SG), which provides offshore services to oil and gas industry, was among the most traded stocks. It was up about 3% at S $ 0.070.   |
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Isolator
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26-May-2016 10:38
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Fund will be taking over many energy China related company... There are some penny counter in sgx are targeted... Open eye to see..
My crystal ball is alerting me... Lol |
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Isolator
Supreme |
26-May-2016 10:31
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Markets is no longer the same markets in the past... All those trading method need to be redesign... | |||||||||||||||||||||||||||||||||||||||||||||||||
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bishan22
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26-May-2016 10:27
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Sti still in chemo mode.
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goldvision
Senior |
26-May-2016 10:14
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Oh man... the market is so quiet. So boring... | |||||||||||||||||||||||||||||||||||||||||||||||||
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Isolator
Supreme |
26-May-2016 10:12
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Gold going below 900.... Oil above 60..... Watch patiently | |||||||||||||||||||||||||||||||||||||||||||||||||
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BearWaveC
Member |
26-May-2016 10:09
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No change in view. Buy in July. Good luck. Look STI for leads. S& P rally? Please analyze bond market first...zzzz... |
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WanSiTong
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26-May-2016 08:59
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Stocks To Watch SGX, Metro, Neo Group, Jason Marine, Yongmao, Trek 2000   |
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WanSiTong
Supreme |
26-May-2016 08:01
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Asia set to follow US stocks higher as oil gains Futures pointed to a higher open for Asian markets on Thursday, after advances in oil prices pushed U.S. stocks higher. Oil prices gained in the US session after US government data showed a larger-than-expected drop in crude inventories. Reuters reported the US Energy Information Administration said crude inventories fell 4.2 million barrels in the week to May 20. Analysts polled by Reuters expected a drop of 2.5 million barrels in inventory. Global benchmark Brent futures settled up 2.3 percent at $ 49.74 a barrel, while U.S. crude futures added 1.93 percent to $ 49.56. In the currency market, the Japanese yen maintained the 110 handle against the dollar, trading at 110.17 as of 6:44 a.m. HK / SIN. Meanwhile, the two-day G7 Summit 2016 Japan kicks off in Ise-Shima on Thursday.   |
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WanSiTong
Supreme |
26-May-2016 06:57
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Dow closes up triple digits energy leads as oil hits 2016 highs U.S. stocks closed higher Wednesday with energy leading as oil rose above $ 49 a barrel to hit fresh highs for the year so far. The major averages are tracking for weekly gains of nearly 2 percent or more after posting their best day since March on Tuesday. (Tweet This) " It has felt like the last couple of days have been a bit of a short squeeze," said JJ Kinahan, chief strategist at TD Ameritrade. He said ahead of the long weekend, traders were waiting for Fed Chair Janet Yellen' s comments, expected Friday as it receives an award at Harvard. &lsaquo
" You' re going to see more of these gyrations as investors continue to weigh the Fed move," said Katie Nixon, chief investment officer at Northern Trust Wealth Management. Overnight, St. Louis Fed President James Bullard told CNBC that a summer rate hike is not set in stone, but the labor data is " probably the strongest argument for going ahead." European stocks again set a positive tone for U.S. stocks, with the German DAX closing 1.5 percent higher. Euro zone finance ministers said they gave Greece a " breakthrough" debt relief deal that won provisional commitment from the International Monetary Fund. " Yesterday the supposed catalyst was the poll in the UK ... Today the talk and chatter is the world economy and the world markets are pricing in and becoming comfortable with a rise in rates, either in June or July," said Peter Coleman, head trader at Convergex. " My personal opinion is it' s a trading move because it' s a very light volume week with not a lot of news out." " (You' ve) got a lot of professional traders pushing the markets up here for a short-term trade," he said. US crude oil futures settled up 94 cents at $ 49.56 a barrel, its highest since October. Weekly crude inventories from the EIA showed a drawdown of 4.23 million barrels, following the American Petroleum Institute' s report of a 5.1 million barrel decline. WTI last traded above $ 50 a barrel in mid-October. " At the margin if you can get a few bits of good news you can get people to stop abandoning stocks," said Bruce McCain, chief investment strategist at Key Private Bank. In economic news, the Markit Flash U.S. services PMI for May was 51.2, down from 52.8 in April and well below the long-run survey average of 55.6, Markit said. Oil' s gains and indications of a decreasing probability of the U.K. leaving the European Union were " what drove the sentiment change between yesterday and today," said Andres Jaime, global FX and rates strategist at Barclays. Asian stocks closed mostly higher, although the Shanghai composite was mildly lower. China' s central bank fixed the yuan at its softest midpoint against the dollar since March 2011, Reuters said. Read more.....   |
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bishan22
Supreme |
26-May-2016 06:56
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Recapture 2800 fir this week.
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Isolator
Supreme |
26-May-2016 01:43
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Gold about to crash below 900... Enjoy... | |||||||||||||||||||||||||||||||||||||||||||||||||
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bishan22
Supreme |
25-May-2016 22:17
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Dow is 3 figure green again. Hoot arh.... | |||||||||||||||||||||||||||||||||||||||||||||||||
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risktaker
Supreme |
25-May-2016 21:58
Yells: "Posts are opinions. Do not take it as investment advise " |
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Wheres the bear? Bear hunting season start all bears went hidding? Lol | |||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
Supreme |
25-May-2016 17:39
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Straits Times Index 2,766.66     0.60%     +16.43
 
Singapore shares close higher in line with Wall St, but off intraday highs WALL Street' s Tuesday rally helped push the Straits Times Index (STI) up 16.43 points to 2,766.66 on Wednesday, part of a region-wide bounce that saw the Hang Seng Index gain 2.7 per cent and the Nikkei 1.6 per cent. Turnover, however, was a weak one billion units worth S $ 794 million and gains were not as widespread as the index' s rise would suggest -. Excluding warrants, there were 228 rises against 165 falls throughout the whole market Of the dollar volume done, S $ 528 million or 66 per cent came from trading in the STI' s components. US markets rose on Tuesday, supposedly after the release of better-than-expected housing numbers which were said to give rise to the view that the economy there is strong enough to withstand the series of interest rate hikes that the Federal Reserve is envisaging. Also helping was a rise in oil prices - in February, the price fell below US $ 30 per barrel on Tuesday, it closed in on US $ 50. Here, a 60-point rise in the Dow futures on Wednesday helped keep prices firm, though the STI did finish 24 points below its intraday high of 2,790. Given the market' s low liquidity, the afternoon decline in the index and the absence of retail business, dealers were understandably downbeat when asked about trading. " Short covering ' ' was the favoured reason for the index' s rise.   |
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