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STI to cross 3000 boosted by long-term investors
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WanSiTong
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03-Nov-2016 13:36
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Asian Shares Mixed on U.S. Election Uncertainty Asian shares were mixed on Thursday as uncertainty over the outcome of the U.S. presidential race continues to keep traders on edge. Activity in China' s service sector expanded at a faster pace in October, a private gauge showed Thursday, adding to recent signs of firmness in the country' s economy. The Caixin China services purchasing managers index rose to 52.4 in October from 52.0 in September. A reading above 50 indicates a month-to-month expansion while a reading below that points to a contraction. This added to the feedback manufacturing PMI data for China released Tuesday. " I think it' s very positive," said Christoffer Moltke-Leth, director of global sales trading at Saxo Capital Markets about the strong Caixin data. " It also confirmedms to me that China should reach its GDP goal for the year ... equities are Also taking note. " China' s domestic stocks opened lower but started to trade up on the back of the strong Caixin PMI data. The Shanghai Composite was up 0.98%. |
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WanSiTong
Supreme |
03-Nov-2016 08:57
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Stocks To Watch Super Group, StarHub, China Aviation Oil, Breadtalk, Rowsley, GLP |
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WanSiTong
Supreme |
03-Nov-2016 06:39
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S & P posts 7-day slide as US election fears linger Fed holds rates steady U.S. equities closed lower on Wednesday after the Federal Reserve kept interest rates unchanged, while worries surrounding the presidential election weighed on investor sentiment. " There' s no surprises here. This meeting was about setting the mood music ahead of the December meeting. All the signs now point to a hike in December. The labor market is doing well, inflation is creeping up and growth is good," Luke Bartholomew , Fixed income investment manager at Aberdeen Asset Management. That' s why the statement carries enough room for the Fed to wriggle out come December if economic and financial conditions change, " he said." But there' s a small matter of the US election to navigate in between now and the US Federal Reserve' s next meeting. Investors also watched out for new development on the US presidential election front. In less than a week, what seemed like a sure victory for Democratic nominee Hillary Clinton has turned into a tighter race, with Republican nominee Donald Trump' s polling numbers spiking after a letter said The FBI was looking into new emails related to Clinton. Financial markets around the world had largely been settled in a Clinton victory before the letter had been released. " If Clinton had a bigger lead, I think the Fed would feel more comfortable raising rates today," said Adam Sarhan, CEO at Sarhan Capital. In oil markets, U.S. crude prices sank 2.85 percent to settle at $ 45.34 per barrel after the Energy Information Administration reported a crude stockpile build of 14.4 million barrels, the largest increase on record. Gold futures for December delivery rose $ 20.20 to settle at $ 1,308.20 per ounce. |
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WanSiTong
Supreme |
02-Nov-2016 19:24
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Straits Times Index 2,807.14 -0.23%-6.55▼
Singapore shares close 0.2% lower on Wednesday SINGAPORE stocks ended 0.2 per cent lower on Wednesday, with the Straits Times Index losing 6.55 points to 2,807.14. The blue-chip index retreated after polls in the United States suggested the US presidential election next week may be a closer race than investors might like. About 1.31 billion shares worth S $ 1 billion changed hands, which worked out to an average unit price of S $ 0.76 per share. The most actively traded counter was warehouse owner Global Logistic Properties, which rose S $ 0.155 to S $ 1.945 with 139 million shares changing hands. Other actives included QT Vascular and Noble Group. Losers outnumbered gainers 240 to 119, or about two down for every one up. |
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FATABA
Supreme |
02-Nov-2016 08:52
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With this ...Oil would remain stable and may see $60 . Nov 1, 20168:41 AM [LONDON] Opec' s most senior official said the organisation and other major oil producers are " on course" to deliver a deal this month that will temper the global oversupply. All of Opec' s 14 members as well as erstwhile rivals such as Russia are committed to finalising the agreement, to be completed when the group meets Nov 30, Secretary-General Mohammed Barkindo said Monday in a Bloomberg Television interview. Even Iraq, which has demanded an exemption from supply caps and vowed to increase production, is willing to play its part, he said. Oil' s rally above US$50 a barrel has faltered amid doubts that the Organisation of Petroleum Exporting Countries will make the supply cuts it pledged in Algiers in September as Iran, Iraq, Libya and Nigeria all seek to be excluded from the deal, while non-members such as Russia give equivocal signals of their support. |
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WanSiTong
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02-Nov-2016 06:36
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Stocks close lower in choppy trade as a Fed meeting, US election loom U.S. equities fell on Tuesday, the first trading day of the month, as the recent election news and a Federal Reserve meeting sent jitters through the market. " Earnings have been better than expected, and that would typically be a catalyst. But that is being negated by the noise on the political front," said Bruce Bittles, chief investment strategist at Baird. " If [Donald Trump] That would set up a sort-of Brexit moment. " The Dow Jones industrial averagedering fell about 200 points in afternoon trade and momentarily broke below 18,000, with Apple contributing the most losses, before closing about 100 points lower. Investors also kept an eye on the Fed, as the central bank began a two-day meeting Tuesday. While the central bank is largely expected to keep interest rates unchanged at this meeting, market expectations for a December rate hike are more than 70 percent. In economic news, the October read on the Markit manufacturing PMI came in at 53.4, above September' s number of 51.5. The ISM manufacturing index for October met expectations at 51.9, while construction spending data for September missed consensus. Overseas, European equities traded mostly lower, with the pan-European Stoxx 600 index falling about 1 percent. In Asia, the Nikkei 225 closed marginally higher after the Bank of Japan held monetary policy steady. US crude prices for December delivery fell 0.41 percent to settle at $ 46.67 per barrel. Gold futures for December delivery rose $ 14.90 to settle at $ 1,288 per ounce. Read more ... |
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WanSiTong
Supreme |
01-Nov-2016 17:40
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Straits Times Index 2,813.69 -0.01%-0.18▼
Singapore shares close flat after early jump fizzles out BETTER-THAN-EXPECTED China manufacturing numbers on Tuesday helped lift sentiment throughout the region, adding about 19 points to the Straits Times Index at 2,832 during the morning session. By 5pm, however, the index' s gain had been whittled down to a net loss of 0.18 point at 2,813.69, possibly in anticipation of a weak Tuesday for Wall Street. The Dow futures rose 55 points in the morning and traded 20 points higher in the late Evening. Turnover here was a mediocre 1.3 billion units worth S $ 833 million on Tuesday, the 12th consecutive day that the dollar value fell below the S $ 1 billion level that is estimated to be the broking industry' s breakeven point. The average value traded was S $ 0.64 per unit and of the 20 most actively traded counters, 15 were priced below S $ 0.20. |
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sriramanv
Master |
01-Nov-2016 16:49
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oil up, futures up, asia up, europe up...STI down...That shows we are unique world class.. |
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WanSiTong
Supreme |
01-Nov-2016 14:35
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Dow future up 51 points |
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WanSiTong
Supreme |
01-Nov-2016 14:34
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Oil prices rise from one-month lows after OPEC approves strategy 58 Mins Ago Oil prices edged higher from one-month lows in early trading in Asia on Tuesday after OPEC agreed on a long-term strategy that was seen as an indication the cartel was reaching a consensus on managing production. But the profits were limited as the market was weighed down by further indications of record output from the group, a sign the glut that has kept a lid on prices is not draining away as fast as the oil bulls would like. The Organization of the Petroleum Exporting Countries (OPEC) approved a document on Monday outlining its long-term strategy that would mean returning to its role managing the market and being more proactive in anticipating market changes. Read more ... |
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WanSiTong
Supreme |
01-Nov-2016 10:31
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Singapore Shares Chart Their Own Course Singapore' s benchmark index is up in the first hour of trade Tuesday, recovering from a sharp fall last week. The Straits Times Index has added 13.54 points, or 0.5%, to trade at 2827.41, after shedding 1.5% in the previous five trading days. The cues from global markets are not strong, with a tepid U.S. market and several Asian rivals cautious ahead of big data events. Singapore Telecommunications, which is favorably in times of uncertainty, has added 1% at S $ 3.92. DBS Group Holdings is up 0.7% at S $ 15.11 after its earnings report on Monday showed resilience amid rising bad. Rival Oversea-Chinese Banking Corp. is up 0.9% at S $ 8.56, while United Overseas Bank is up 0.3% at S $ 18.83 as local banks recover after their earnings show investors that they are staying prudent to tide over their troubles. The Hang Seng Index in Hong Kong is rising higher, trading up 1.15% at 23197.59 points, following the release of Chinese manufacturing data suggesting China' s economy is stabilizing. The Caixin China PMI reading for October came in at 51.2, up from 50.1 in September. Earlier in the session, the official PMI weighed in at 51.2 in October, against expectations for 50.3 and up from 50.4 in September. A figure above 50 indicates expansion. Asian Indexes
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WanSiTong
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01-Nov-2016 09:05
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Stocks To Watch OUE-HT, Rickmers Maritime, Swiber, Ley Choon, Baker Tech, Top Global, iX Biopharma |
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WanSiTong
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01-Nov-2016 06:21
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Stocks slide in October US election in focus U.S. equities closed around breakeven on Monday, after gyrating on slight gains and losses as an investigation into new Hillary Clinton emails kept investors on edge. The Dow Jones industrial average closed about 20 points lower, with Goldman Sachs contributing the most gains and Nike the most losses. The index also posted its narrowest single-day trading range since September 7 and the third-narrowest of 2016. " Punch drunk from the highly unanticipated Brexit outcome, institutional investors will take a wait and see approach until they have more clarity on how the balance of power in Washington will settle," said Jeremy Klein, chief market strategist at FBN Securities. That said, Raymond James Chief Investment Strategist Jeffrey Saut said he still expects stocks to end the year at all-time highs. " Fundamentals have changed. GDP has come in better than expected and ... earnings have improved," he said. Added that stocks were not trading much more lower on Monday because Clinton is " still the odds-on-favorite" to win. The U.S. economy grew 2.9 percent in the third quarter, according to Commerce Department data released Friday. U.S. stock futures rose slightly before the bell, as investors parsed through corporate earnings, a merger announcement between Baker Hughes and General Electric, and economic data. " We think the energy market is becoming more attractive, and GE seems to think so as well," said Chuck Self, CIO at iSectors. " If you see oil prices picking up again, then we think energy could become a pretty attractive trade. U.S. crude fell 3.78 percent to settle at $ 46.86 per barrel as non-OPEC countries have yet to commit to any output limitations. " The problem for OPEC is what number should they use when they are talking about production freeze from other countries, should this be audited number or external third party number?" Said Naeem Aslam, chief market analyst at Think Markets. Will have to wait until their meeting and hope will be their only friend until then if they want to see supply cut. The Fed is scheduled to hold a two-day meeting starting Tuesday, where it is largely expected to keep monetary policy unchanged. Gold futures for December delivery fell $ 3.70 to settle at $ 1,273.10 per ounce. Read more ... |
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WanSiTong
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31-Oct-2016 22:51
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Singapore identifying measures to help struggling marine sector The Singapore government is considering whether to help the city-state' s marine and offshore engineering (M & OE) sector, which is facing a prolonged downturn due to the slump in the oil market, the trade and industry minister said on Monday. " The government is studying, in consultation with the M & OE industry and financial institutions, the need for measures for the sector," S Iswaran said in a speech. " However, while the government will endeavor to render assistance where appropriate, it can not be a panacea." He did not elaborate what future steps might be, but that companies can also tap on measures that are already in place, such as government-backed loans that help small businesses deal with cash flow concerns and financing needs. The government is also investing S $ 107 million to help develop a new research center for the industry, he said. Several companies in Singapore, a hub for shipbuilding and offshore support firms, have been hit by the almost two-year rout in oil prices and a slowing economy. Among those, oil services firm Swiber Holdings went into judicial management this month. The weak growth outlook has prompted analyst expectations of more government stimulus for the economy. REUTERS |
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WanSiTong
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31-Oct-2016 17:52
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Straits Times Index 2,813.87 -0.08%-2.39▼ 16 5:04 PM
Singapore shares close marginally weaker The Straits Times Index drifted to a 2.39-point loss at 2,813.87 on Monday, the last day of October. Possibly thanks to month-ending " portfolio rebalancing ' ' , turnover generally to 1.2 billion units worth S $ 978 million - still below the ballpark S $ 1 billion industry breakeven point but nonetheless an improvement over last week' s S $ 770 million average. Excluding warrants there were 179 rising versus 189 falls, indicating a mixed session. Over in Hong Kong, the Hang Seng Index turned slightly weaker whilst the Dow futures rose about 40 points in Asian trading but lost about half of this by 5pm. Among local blue chips, DBS reported Q3 net profit of S $ 1.07 billion, unchanged from a year earlier and marginally better than the S $ 1.04 billion thatriers had expected. Its shares ended S $ 0.10 higher at S $ 15 on volume of 5.1 million. Elsewhere in the sector, shares of UOB ended S $ 0.15 higher at S $ 18.78 with 3.5 million traded. In reviewing the bank' s latest results, RB said it remains " neutral ' ' on the stock as it forecasts a rise in non- Set a target price of S $ 18.90 for UOB. |
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WanSiTong
Supreme |
31-Oct-2016 16:28
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Dow future up 38 points |
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WanSiTong
Supreme |
31-Oct-2016 08:48
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Stocks To Watch DBS, UIC, Roxy-Pacific, SIA Engineering, GKE, Yuuzoo |
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WanSiTong
Supreme |
29-Oct-2016 06:59
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Stocks close mostly lower after new Hillary Clinton probe sends markets for wild ride U.S. equities closed mostly lower on Friday after the Federal Bureau of Investigation announced it is investigating new emails related to Democratic nominee Hillary Clinton. The Dow Jones industrial average ended about 10 points lower after trading 74.71 points lower following the announcement. The index was trading about 75 points higher before the new probe was announced. " I sit next to one of the traders here and he was telling me he' d never seen the Dow fall so quickly," said Art Hogan, chief market strategist at Wunderlich Securities. " There' s a lot more to this, but we won ' T know how much until we get more information. Regardless of the fundamental news we get next week, earnings or data, this may be the story for the next 10 days, " he said. The S & P 500 closed about 0.3 percent lower, and was also trading higher before the FBI' s probe was announced. The Nasdaq composite ended about half a percent, off its session lows. " She had a pretty big lead. Now this will certainly take a chunk of that, but most investors still think she' ll win on November 8," said Jeremy Klein, chief market strategist at FBN Securities. Market expectations for an interest rate increase in December maintained at 73 percent following the GDP' s release, according to Jefferies. Other Data released Friday included the final read on consumer sentiment for October, which missed expectations. Overseas, European equities slipped, with the pan-European Stoxx 600 index slipping 0.27 percent. In Asia, stocks closed mixed. US crude futures for December delivery fell 2.05 percent to settle at $ 48.70 per barrel. Gold futures for December delivery rose $ 7.30 to settle at $ 1,276.80 per ounce. Read more ... |
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WanSiTong
Supreme |
28-Oct-2016 17:44
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Straits Times Index 2,816.26 - 0.45% -12.68 ▼ 5:04 PM
Singapore shares drift lower in thin volume Singapore shares ended lower Friday, in line with most of its regional peers, while risk appetite remained as investors waited for fresh cues from the upcoming U.S. economic data, due later in the global day. AHEAD of the US presidential elections on Nov 8 markets everywhere traded within narrow bands, which is entirely to be expected given the massive uncertainty that could ensue if Republican candidate Donald Trump wins. As a result the Straits Times Index drifted to a 12.68 point loss at 2,816.26 on Friday, dropping 16 points over the week. Friday' s 929 million units worth S $ 878 million completed five consecutive days that dollar value fell below the S $ 1 billion threshold widely seen as The breakeven point for the broking industry. Friday' s volume was the highest for the week, elevated by a large push on SingPost. Traders resorted to churning the second and third-lines. In some cases the interest was wholly speculative in others there were corporate developments on which to trade. Bank stocks were hit on concerns over their exposure to the oil and gas sector. United Overseas Bank ended the day 1.6% lower, after it announced weak third quarter results. DBS Group Holdings and Oversea-Chinese Banking Corp. ended 0.3% and 0.9% Lower respectively. |
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sriramanv
Master |
28-Oct-2016 15:21
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shop is physicall open from morning to evening...but no shoppers.. if close down can save electricity, water etc.,
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