| Latest Forum Topics / Straits Times Index |
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STI to cross 3000 boosted by long-term investors
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Qanghoo
Supreme |
22-Jan-2016 16:19
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x 0
x 0 Alert Admin |
Think tongkat ali on special offer last night.  All took it n wonderful effect today.  Maybe now offer close, So no booster over wkend, Monday all lembek again. 
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WanSiTong
Supreme |
22-Jan-2016 16:13
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Asian Shares Rally, Nikkei Soars - 4th Update 22 January 2016 15:52 Japan' s Nikkei Stock Average soared Friday amid a broad Asia market rally that capped off a volatile week, as investors put their hopes in more stimulus from major central banks. Japan' s Nikkei Stock Average closed nearly 5.9% up, at 16958.5 - the largest daily percentage gain since Sept. 9. Traders said investors were taking off bets that the Japanese yen will strengthen for the time being, weakening the currency and boosting stocks. The Japanese yen has weakened to Yen 118.03 to one US dollar, from as strong as Yen116.45 late Thursday afternoon in Asia . That is about a 1.4% decline. Traders attributed the positive sentiment to building expectations that the European Central Bank will still ease policy, as well as comments from Prime Minister Shinzo Abe' s aide on Thursday in Asia that " conditions for additional easing have fallen into place." The aide' s comments coincide with speculation that Japan' s central bank might increase its asset-purchasing program at its Jan. 28-29 meeting. Since Autumn 2014, the central bank has been buying Yen80 trillion ($ 685 billion) annually in assets. " The comments from Abe' s [aide] suggest everything' s being considered," said Andrew Sullivan, managing director at Haitong International. Given that investors had such bearish positions at the beginning of the year, they are switching their trades in case the Bank of Japan eases next week, he said. The Shanghai Composite Index closed nearly up 1.3% after a choppy morning of trading, as investors assessed comments by officials on the domestic market at the World Economic Forum in Davos, Switzerland. Hong Kong' s Hang Seng Index was last up 3% and Australia' s S & P / ASX 200 ended up 1%. South Korea' s Kospi gained 2.1%. The gains marked a break from recent selling that pushed Japan' s stock market into bear-market territory earlier in the week, when it joined Hong Kong and China. A bear market is a drop of at least 20% from a recent high. Energy shares in the region jumped as Brent oil prices broke the $ 30 mark per barrel, up 4.8% to $ 30.65. Worries about weaker global growth had been reflected in new lows for oil prices earlier in the week. In Europe Thursday, European Central Bank President Mario Draghi said the bank may need to review its policy stance at its next meeting, indicating the bank could be open to more stimulus measures. US stocks pushed higher, with the Dow Jones Industrial Average climbing 0.7% . The Stoxx Europe 600 advanced 1.9%. On Thursday in Davos, Switzerland, China' s Vice President Li Yuanchao signaled that Beijing would keep intervening in its stock market in an interview that was widely circulated by local media. The Shanghai Composite Index had plunged 3.2% on Thursday, as widening losses in Hong Kong and signs of lessening intervention by Beijing spooked investors. The benchmark is down 18% year-to-date. In Japan, shares of Sharp Corp. finished up 3%, after a report by the local media outlet the Nikkei that a Japanese government-backed fund will take a majority stake in the electronics maker and is asking the two creditor banks to hand over Yen200 billion ($ 1.70 billion) in Sharp' s preferred shares. Foxconn, formally known as Hon Hai Precision Industry, has also offered about Yen625 billion to take over Sharp. Gold prices edged up 0.1% at $ 1,099.40 a troy ounce.   |
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Sporeguy
Elite |
22-Jan-2016 16:04
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Looks like SGX website is having problem ! The market summary does not display and securities pg hang! |
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erhaier
Senior |
22-Jan-2016 16:03
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x 0 Alert Admin |
yes... Grandma Yellen faces the spotlight for next week main event. 
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Qanghoo
Supreme |
22-Jan-2016 15:55
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Haha, if mkt switch on red light again next Monday, the bear writers will take over. |
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erhaier
Senior |
22-Jan-2016 15:54
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x 0 Alert Admin |
Arabs finally learn something from Super Mario.
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Siwomp
Supreme |
22-Jan-2016 15:22
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that is why oil is rallying since last night.
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Siwomp
Supreme |
22-Jan-2016 15:21
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becos oil big boss Saudi Arabia said the price at less than USD30 a barrel is absurb and he expects price will right itself this year. he also hinted that any oil production cut will be a group thing and not just Saudi's, signally Saudi is open to production cut for the first time since the oil price drop. in short oil price will go up.
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WanSiTong
Supreme |
22-Jan-2016 14:47
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Asian Indexes
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WanSiTong
Supreme |
22-Jan-2016 14:45
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Oil Prices Edge Higher in Asia 22 January 2016 14:29 Crude oil prices staged a rally in early Asia trade Friday after the European Central Bank hinted at more stimulus measures, but the commodities expanding global surplus is expected to soon extinguish any price gains. On the New York Mercantile Exchange, light, sweet crude futures for delivery in March traded at $ 30.83 a barrel at 6:21 am GMT, up $ 1.30 in the Globex electronic session. March Brent crude on London' s ICE Futures exchange rose $ 1.66 to $ 30.91 a barrel . At one point, Brent prices reached $ 31.10 a barrel. Asia shares also soared in the afternoon as investors are putting their hopes in more stimulus from the ECB. The Shanghai Composite Index was up 0.4% after a choppy morning of trading, as investors assessed comments by officials on the domestic market at the World Economic Forum in Davos,  witzerland. Japan' s Nikkei Stock Average surged 5.3%, Hong Kong' s Hang Seng Index was up 2.5% and Australia' s S & P / ASX 200 was up 1.1%. South Korea' s Kospi gained 1.8%. The price rise came on the heels of a smaller-than-expected increase in the US' s crude stockpiles, which last week rose around 4 million barrels as reported by the US Energy Department. However, the data also indicated that production by US shale producers held steady at roughly 9.2 million barrels a day, despite prices having retreated more than 20% since the beginning of the year. " We continue to note crude oil' s recent tendency to correct oversold conditions with a sideways chop rather than upward retracements, a sign of intermediate-term weakness. We' ll be interested to see if that remains the pattern over perhaps the next week or two, " said Tim Evans, a commodity analyst at Citi. The pessimism on oil prices, which once surpassed $ 145 a barrel in 2008, is mainly driven by the steady and high-pace production by oil producers who are unwilling to curb output. Iran' s imminent return to the oil export market is also expected to deepen the global glut by adding roughly 500,000 barrels a day. According to industry watchdog the International Energy Agency, global oil supply could outpace demand by 1.5 million barrels a day in the first half of 2016. The deceleration in China' s economy is also dimming the outlook on oil demand. " For China, for so long the engine of global demand growth, we expect demand to increase by 350,000 barrels a day, below the recent trend level," the agency said. Crumbling prices over the past 19 months have eroded the national coffers of several small oil producers who have been urging the Organization of the Petroleum Exporting Countries to take some price-supportive measures. The request has largely been ignored by the cartel, led by Saudi Arabia, which has repeatedly said a cut in production would only be considered if non-OPEC producers are also willing to trim their output. " Prices will for sure drop lower unless this impasse is resolved but the likelihood of that happening soon is slim because most producers would rather sell at a steep discount than lose their existing customers," said Gao Jian, a Shandong-based commodity analyst at SCI International. " At the pace, it is hard to see a bottom," he added. Nymex reformulated gasoline blendstock for February - the benchmark gasoline contract - rose 313 points to $ 1.0625 a gallon, while February diesel traded at $ 0.9301, 326 points higher. ICE gasoil for February changed hands at $ 272.25 a metric ton, up $ 13.25 from Thursday' s settlement.     |
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Isolator
Supreme |
22-Jan-2016 14:44
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Don't say I never hint... Oil will rally strongly..,, enjoy.., | |||||||||||||||||||||||||||||||||||||||||||||||||
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Siwomp
Supreme |
22-Jan-2016 14:07
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well they need to get real, wake up to the new mkt reality or face extinction lor. But seriously, i will be very disappointed if they do not take advantage of the low price now.
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jazzietan
Veteran |
22-Jan-2016 13:46
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i dun think they dare and will do that. imagine now sti up 1.6% but gd stock like dbs up 10cts nia. The invisible hands are just trying to make everything green to look nice, attract some flies take over the shits...this a bear rally
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JUNWEI9756
Supreme |
22-Jan-2016 13:43
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Sifu how are u !!
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Isolator
Supreme |
22-Jan-2016 13:40
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Enjoy the oil rally... | |||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
Supreme |
22-Jan-2016 12:59
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Noon Market STI adds 0.98% to 2,557.50 at midday January 22, 2016: 12:35 PM Singapore equities inched up at noon on Friday, amidst gains in most other Asian markets on speculation of additional stimulus, after European Central Bank president Mario Draghi indicated a March review of its monetary policy. The Nikkei 225 Index surged around 3.1%, while the KOSPI and Hang Seng Indices added about 1.2% and 1.4% respectively. Meanwhile, the Shanghai and Shenzhen Composite Indices posted respective dips of around 0.3% and 0.7%. By 12.10 pm, the Straits Times Index (STI) gained 0.98% to 2,557.50. Market breadth was positive. Excluding warrants, gainers outnumber decliners 169 to 143. The STI traded between 2,549.44 and 2,585.98, after opening 1.83% higher at 2,578.99. A total of 633.9 million shares worth $ 688 million changed hands, giving an average price of about $ 1.09 per share for the entire market. The Stratech Group, Noble Group, Global Logistic Properties, Linc Energy, and Ezra Holdings were among the most actively traded counters. Among STI components, Sembcorp Industries climbed 4.6% to $ 2.29, while Noble Group added 3.6% to 29 cents. Meanwhile, Global Logistic Properties plunged 3.4% to $ 1.695, while CapitaLand Mall Trust slipped 1.3% to $ 1.935. Ezra Holdings climbed 3.6% to 5.8 cents. The offshore contractor on Tuesday proposed to undertake a share consolidation of every eight existing ordinary shares into one consolidated ordinary share. This is in line with the introduction of a minimum trading price for mainboard-listed stocks of 20 cents per shares as a continuing listing requirement. CapitaLand Mall Trust slipped 1.3% to $ 1.935. It posted a 2.8% yoy increase in distributable income to $ 101.9 million for 4QFY2015. Distribution per unit (DPU) also rose 0.7% to 2.88 cents for the quarter. Global Logistic Properties plunged 3.4% to $ 1.695. The modern logistics facilities provider on Wednesday announced that it has signed new leases totaling 79,000 sqm with five leading third-party logistics companies in China. Companies that went ex-dividend / distribution on Friday include Keppel REIT and Keppel Infrastructure Trust.     |
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Siwomp
Supreme |
22-Jan-2016 12:30
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similarly, temasek should hoot the mkt as well, but pls buy the quality ones. and our govt should let GIC invest locally as well. the return in 2 years time will be significant, in fact it might become their best performing investment. | |||||||||||||||||||||||||||||||||||||||||||||||||
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Siwomp
Supreme |
22-Jan-2016 12:24
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if they want to save the mkt, they should do what the Hkies did years back during currency crisis. Buy into the mkt direct. not much use just pumping money into the system, they must buy up mkt direct. | |||||||||||||||||||||||||||||||||||||||||||||||||
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Siwomp
Supreme |
22-Jan-2016 12:21
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setting at 2-3% will kill the mkt. the mkt will end up open for a few mins a day, if not a few seconds before circuit break kicks in.
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Qanghoo
Supreme |
22-Jan-2016 12:14
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Just hope SSE keep dropping until a pt they really enough is enough so it won' t be the bullet to shoot down STI anymore.  Maybe the PRC regulators shd rethink their control.  Instead of putting circuit breaker at bottom, shd put it at top too, cap daily gains n loses to no more than 2-3%.  So people can' t pump n dump too fast.  Not sure if they have already got it in place.
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