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STI to cross 3000 boosted by long-term investors
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WanSiTong
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06-Jan-2016 10:42
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Asian Indexes
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WanSiTong
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06-Jan-2016 10:06
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Asia Shares Slip on China Worries 6 January 2016 9:30 Shares in Asia slipped Wednesday, as investors remained cautious about volatility from China. Australia' s S & P ASX 200 was down 0.8%, South Korea' s Kospi fell 0.4% and Japan' s Nikkei Stock Average was flat. Fears about a slowdown in China, a falling yuan and nervousness toward new Chinese regulatory measures roiled markets around the globe earlier in the week. But global stocks steadied overnight, with some investors saying the pessimism was overblown. The S & P 500 finished up 0.2% while the Stoxx Europe 600 recovered from earlier losses to rise 0.6%. In Asia, erratic swings in Chinese trading pushed Asian markets lower Tuesday, and losses were now extending into a third straight day. Investors were still struggling to interpret Beijing' s latest cues about its role in the market, namely, how it will handle a ban on selling by large stakeholders that expires Friday. " People are still uncertain about how far the A share market could go down," said William Ma, chief investment officer at Noah Holdings (HK) Ltd., referring to mainland shares. Still, there were signs of markets stabilizing. The offshore Chinese yuan steadied at 6.6374 to one US dollar, slightly stronger than 6.6430 Tuesday, when the currency reached its lowest in about five years. Some investors are taking this window to buy, including in Australia and Hong Kong, Mr. Ma noted. On Tuesday, China' s central bank injected 130 billion yuan ($ 19.9 billion) in short-term funds into the country' s financial system. It also intervened in the foreign-exchange market to support a weakening currency, according to two people familiar with the matter. China also signaled early Tuesday that a six-month ban on selling by big shareholders could remain in place past its original expiration date later this week, until the securities regulator works out new rules to ensure any selling will proceed in an orderly way, according to officials close to the agency. In a statement, the regulator said it was assessing how to oversee the selling, although it did not provide a map or an indication of timing. The Shanghai Composite Index fell 0.3% after a volatile day' s trade. In corporate news Wednesday, shares of Sharp Corp. fell 3.2%, on worries the ailing electronics maker was likely to suffer a big loss. A report by the local Nikkei newspaper said Sharp would book an operating loss of at least Yen10 billion ($ 84 million ) for the April-December period, swinging into the red for the first time in three years, weighed down by slumping sales of LCD panels for use in smartphones. Brent oil prices were last up 0.6% at $ 36.64 a barrel. Gold prices were down 0.1% at $ 1077 a troy ounce |
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WanSiTong
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06-Jan-2016 08:54
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Stocks To Watch SGX, OKH, SPH REIT, Qian Hu, Spackman, QT Vascular January 6, 2016: 8:46 AM Here are some stocks to watch this Wednesday morning. The Singapore Exchange is seeking feedback on proposals that would elevate sustainability reporting to a " comply or explain" regime but give issuers discretion on what is material and whether independent verification is necessary Shares of SGX. (Valuation: 2.10, Fundamental: 2.30) ended down 8 cents or 1.1% to $ 7.42 on Tuesday. Property developer OKH Global (Valuation: 1.20, Fundamental: 1.30) says the company is not involved in a commercial dispute between Executive Chairman and CEO Bon Ween Foong and his former business partner The dispute first came to the company' s attention in December when an Interpol. Red Notice was issued against Bon. OKH closed 1.52% higher at 67 cents on Tuesday. SPH REIT (Valuation: 0.85, Fundamental: 1.55). Has announced a flat distribution per unit (DPU) of 1.33 cents in the first quarter ended Nov 30, 2015, compared to last year Distribution to unitholders, however, was up 0.6% to $ 33.7 million, resulting from 95.4% of taxable income made available for distribution. Gross revenue rose 2.9% to $ 52.1 million on the back of higher rental income. Net property income grew 5.9% to $ 40.1 million. SPH REIT ended 0.5 cent or 0.53% higher at 95.5 cents on Tuesday. Aquarium fish seller Qian Hu Corp (Valuation: I, Fundamental: n) expects to make a loss for its 4Q15 ended Dec 31, 2015. Although the company expects to remain profitable for the full FY15, it says the profit will not be comparable to its FY14 earnings of $ 0.39 million. Qian Hu last closed at 16.5 cents. Spackman Entertainment Group (Valuation: N / A, Fundamental: N / A) says its action-comedy movie, Chasing, presented and directed by its indirect wholly-owned subsidiary Opus Pictures, will open in Korean theatres on Thursday, Jan 7. The movie stars Korean actors Kim Seung-woo, Kim Jung-tae and Hyuk. This will be Opus Pictures' first comedy. Spackman Entertainment closed 1.48% higher at 13.7 cents on Tuesday. QT Vascular (Valuation: N / A, Fundamental: N / A) ' s Chocolate Heart drug-coated balloon has demonstrated " promising early results" following human trials conducted recently The positive initial results were released following the first-in-human study. of 19 patients with de novo coronary disease. Shares of QT Vascular ended up 0.2 cent or 1.9% to 10.5 cents. Markets US stocks closed modestly higher Tuesday, snapping a three-day slump, as Wall Street fought off a fall in oil prices but continued to deal with the aftershocks of Monday' s China-inspired rout. The S & P 500 closed 4.04 points, or 0.2%, higher at 2,016.70, after falling as much as 0.4% in the early afternoon. The Dow Jones Industrial Average added 9.72 points, or less than 0.1%, at 17,158.66, recovering from a roughly 110 -point drop in the early afternoon. Meanwhile, the Nasdaq Composite ended the day slightly lower, down 11.66 points, or 0.2%, at 4,891.43. The Straits Times Index (STI) ended Tuesday 0.06% lower at 2,834.23, after trading between 2,820.42 and 2,846.27. Market breadth was, however, positive. Excluding warrants, gainers outnumbered decliners 216 to 190. A total of 1.24 billion shares worth about 894.9 million changed hands, giving an average of 72 cents per share for the entire market. |
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WanSiTong
Supreme |
06-Jan-2016 06:12
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North and South American Indexes
Wall Street stabilizes after Monday' s steep declines The Dow and S & P 500 finished slightly higher on Tuesday, stabilizing after a weak start to the new year, though investor nervousness stayed high. After weak Chinese economic data drove stocks down sharply on Monday, the People' s Bank of China on Tuesday injected $ 20 billion into the financial system in a bid to help its markets. A 2.5-percent drop in Apple Inc (AAPL.O) weighed on all three major indexes, while a fall in crude oil prices and a stronger dollar contributed to the year' s shaky start. Wal Mart Stores Inc (WMT.N) shares, up 2.4 percent at $ 62.92, helped to lift both the Dow and S & P 500, though Monday' s big selloff and renewed worries about China have contributed to caution about the year ahead. " We' re working off of a pretty significant decline on the first day of trading in 2016," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia. But " there are a lot of divergences on a macroeconomic, monetary and geopolitical front, any of which could undermine one' s base case for how the year should unfold," he said. " I think it' s leaving investors puzzled, and that shows up in these kinds of moves where you' re trading off of noise rather than signal. " RELATED COVERAGE > JPMorgan names Virtu Financial as its NYSE market maker The Dow Jones industrial average .DJI rose 9.72 points, or 0.06 percent, to 17,158.66, the S & P 500 .SPX gained 4.05 points, or 0.2 percent, to 2,016.71 and the Nasdaq Composite .IXIC dropped 11.66 points, or 0.24 percent, to 4,891.43. Advancing issues outnumbered declining ones on the NYSE by 1,812 to 1,277, for a 1.42-to-1 ratio on the upside on the Nasdaq, 1,473 issues rose and 1,342 fell for a 1.10-to-1 ratio favoring advancers. Apple shares were down 2.5 percent at $ 102.71 after the Nikkei newspaper reported that the iPhone maker was expected to cut production of its 6S and 6S Plus models. Among the day' s bright spots, automakers set a new US sales record for 2015 even as December sales fell short of expectations. Shares of < Ford FN> fell 1.8 percent to $ 13.72 while shares of General Motors (GM.N) slipped 2.6 percent to $ 32.43 . Gilead Sciences Inc (GILD.O) rose 1.3 percent to $ 99.26, after its experimental hepatitis B drug was found safer than, yet as effective, as its approved treatment Viread. Eli Lilly & Co (LLY.N) shares rose 1.5 percent to $ 84.11 after the drugmaker said its diabetes treatment grabbed market share in the fourth quarter. First Solar Inc (FSLR.O) was up 8 percent at $ 72.02 after Goldman Sachs upgraded the stock to " buy." The S & P 500 posted five new 52-week highs and six new lows the Nasdaq recorded 23 new highs and 72 new lows. |
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WanSiTong
Supreme |
05-Jan-2016 16:49
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European Indexes
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WanSiTong
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05-Jan-2016 15:18
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China' s Central Bank Steps In to Prop Up Yuan 5 January 2016 14:52 | By Shen Hong SHANGHAI - China' s central bank intervened in the foreign-exchange market Tuesday to prop up a weakening yuan, two people familiar with the matter said, as Beijing adopted a broad suite of measures to stem a selloff in the country' s stock market. The move came after the People' s Bank of China said it would pump 130 billion yuan ($ 19.9 billion) into the financial system - the biggest single-day injection since Sept. 8 - as tumbling stocks and a sliding currency threatened to further erode confidence in the world' s No. 2 economy. The PBOC used some of the nation' s biggest state-run banks as agent entities to buy the yuan and sell US dollars, helping the Chinese currency reverse its deep losses from Monday, the people, who declined to be named, told The Wall Street Journal. One dollar was trading at 6.5199 yuan, down from 6.5338 yuan at Monday' s close. The Shanghai Composite Index was down 1.6% at 3242.74, after a 6.9% slump Monday due to concerns about a weakening manufacturing sector and a falling yuan. In a rare move, the country' s securities regulator released statements before the stock market opened Tuesday, seeking to alleviate concerns about an expected increase in the supply of shares as well as newly launched index trading limits known as circuit breakers. |
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WanSiTong
Supreme |
05-Jan-2016 13:01
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Noon Market STI dips 0.01% to 2,835.55 at midday January 5, 2016: 12:49 PM Singapore equities traded little changed at noon on Tuesday, amidst a mixed showing in other Asian bourses. The Nikkei 225 and KOSPI Indices rose about 0.2% and 0.9% respectively, while the Hang Seng Index dipped around 0.1%. Meanwhile, the Shanghai Composite Index rose about 0.4%, while the Shenzhen Composite Index slipped around 0.5%. By 12.01 pm, the Straits Times Index shed 0.01% to 2,835.55. Market breadth was, however, positive. Excluding warrants, gainers outnumber decliners 155 to 140. The Straits Times Index (STI) traded between 2,826.31 and 2,846.27, after opening 0.03% higher at 2,836.80. A total of 521.1 million shares worth $ 386.6 million changed hands, giving an average price of about 74 cents per share for the entire market. Jiutian Chemical Group (Valuation: 1.10, Fundamental: 1.40), LionGold Corp (Valuation: 0.90, Fundamental: 0.40), Luzhou Bio-chem Technology (Valuation: 0.90, Fundamental: 0.35), Noble Group (Valuation: 1.20, Fundamental: 0.35 ), and Albedo were among the most actively traded counters. Among STI components, Golden Agri-Resources (Valuation: 1.40, Fundamental: 0.55) surged 4.6% to 34 cents, while Yangzijiang Shipbuilding rose 1.4% to $ 1.08 Meanwhile, City Developments. (Valuation: 2.40, Fundamental: 1.90) slipped 2.2% to $ 7.51, while SATS shed 1.8% to $ 3.86. Luzhou Bio-chem Technology jumped 18.2% to 3.9 cents. The producer of corn starch and by-products was queried by the Singapore Exchange over unusual trading activity in its shares. Albedo soared 10% to 1.1 cents. The iron and steel foundry operator has entered into a subscription agreement with Toh Ee Han, who will agree to subscribe for an aggregate of 100 million new ordinary shares at an issue price of 1 cent per share. Tiger Airways (Valuation: 0.00, Fundamental: 1.35) leapt 9.8% to 45 cents, after Singapore Airlines (Valuation: 1.40, Fundamental: 1.65) raised its offer price for the former from 41 cents to 45 cents per share. Midas Holdings (Valuation: 2.60, Fundamental: 0.45) climbed 3.5% to 29.5 cents, after its joint venture company, Nanjing SR Puzhen Rail Transport Co, has secured a metro train contract worth RMB1.28 billion ($ 279 million) from Guiyang Urban Rail Transit Co. There were no companies that went ex-dividend / distribution on Tuesday. |
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WanSiTong
Supreme |
05-Jan-2016 11:51
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China Stocks Are Up, and So Is Regulatory Meddling 5 January 2016 11:34 China stocks recover after regulators go into damage control following Monday' s blood-letting. The benchmark Shanghai Composite Index edges up 0.4% to 3308.26, after opening 3% lower. The rebound comes after China' s stock regulator said Tuesday that major shareholders are unlikely to unwind as much as 1 trillion yuan of shares starting January 8, which investors feared would lead to indiscriminate selling. The regulator said new rules will be released to avoid a heavy sell-off as a result of the share reduction. It also defended its circuit-breaker system, which many blamed for exacerbating Monday' s selloff, saying traders just need to get used to the new rules. Traders may also be reacting to a rumor that the Shenzhen Stock Exchange has told big shareholders at listed firms in Shenzhen not to sell shares without approval from the exchange. " SOEs are unlikely to sell shares and those small enterprises have higher incentive to do that," says Shen Zhengyang, an analyst at Northeast Securities. " It would not be surprising if the Shenzhen stock market issued such internal guidance." The smaller Shenzhen Composite Index narrowed losses to 0.1% at 2116.25, a recovery from a loss of 5% in pre-market trade. The CSI 300 Index has flipped to the gaining territory, trading up 1.1% at 3507.78. |
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WanSiTong
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05-Jan-2016 08:46
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Stocks To Watch SIA, Tigerair, Midas, GLP January 5, 2016: 8:42 AM The following stocks may be in focus today: Singapore Airlines has raised its offer price for Tiger Airways to 45 cents per share from 41 cents per share originally. SIA stressed that this will be the final offer to shareholders. The new price represents a near 10% increase over the previous offer and values Tiger Air at about $ 1.125 billion. Midas Holdings says joint venture company, Nanjing SR Puzhen Rail Transport Co. has secured a metro train contract worth RMB1.28 billion ($ 279 million) .The contract is awarded by Guiyang Urban Rail Transit Co. for the Guiyang Rail Transit Line 1, with delivery scheduled between 2016 and 2017. Global Logistic Properties has signed leases totalling 940,000 sf with three industry leaders in China including JD.com and Best Logistics. Markets US stocks began 2016 sharply lower on Monday, with the Dow marking its worst start to a year since 2008, after weak Chinese economic data fanned fears of a global slowdown. The Dow Jones industrial average closed down 276.09 points, or 1.58%, to 17,148.94 , the S & P 500 lost 31.28 points, or 1.53%, to 2,012.66 and the Nasdaq Composite dropped 104.32 points, or 2.08%, to 4,903.09. Singapore stocks retreated at the close as China' s benchmark CSI300 share index tumbled 7% on the first session of 2016 on Monday, prompting the stock exchange to halt trading for the rest of the day. The benchmark Straits Times Index was down 1.62% or 46.76 points to 2,835.97. In the broader market, 980.7 million shares valued at $ 852.4 million were traded. Losers beat gainers 273 to 126. |
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WanSiTong
Supreme |
05-Jan-2016 08:20
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Global Markets Asia shares stagger, yearn for China support January 5, 2016: 7:46 AM Asian share markets were on the ropes for a second straight session early Tuesday as investors anxiously waited to see if Beijing can head off the latest selling stampede in Chinese stocks. An unnerving combination of global economic concerns and escalating tensions in the Middle East also crunched commodity prices while bolstering safe-haven sovereign bonds. Nikkei futures were down another 0.9 percent, after the cash index fell 3.1 percent on Monday in its biggest single-day slide since Sept. 29. MSCI' s broadest index of Asia-Pacific shares outside Japan eased 0.2 percent, while Australian stocks lost 1.1 percent. All eyes were on China after stocks tanked on the first trading day of the year, triggering a " circuit-breaker" that suspended equities trade nationwide for the first time. The CSI 300 index of the largest listed companies in Shanghai and Shenzhen sank 7.0 percent before trading was suspended, its worst single-day performance since August last year when in the throes of another market rout. Indeed, that August episode likely planted the seeds of the latest slide since authorities reacted back then by imposing a lock-up on share sales by major institutional investors. That lock-up is slated to end in the next few days, allowing the sale of perhaps 1.24 trillion worth of shares according to some estimates. Some are now wagering Beijing will extend the lock-up period given the severity of Monday' s dive. The selling spread through Europe where Germany' s DAX shed 4 percent and the Euro STOXX 50 index fell 3 percent. Wall Street followed at first, but did recoup some of its losses going into the close. The Dow closed down 1.58 percent, while the S & P 500 fell 1.53 percent and the Nasdaq 2.08 percent. CENTRAL BANK WATCH Some central banks seemed to share the general sense of alarm. Sweden on Monday gave its chief the formal power to act immediately to weaken the crown and help push up inflation, a radical step among developed world institutions. Under Governor Stefan Ingves, the Riksbank has already slashed rates to a record low of -0.35 percent. The European Central Bank was under pressure to do yet more after German inflation proved surprisingly weak in December, pushing down bond yields and slugging the euro. The common currency was stuck at $ 1.0828 on Tuesday, having touched a one-month low around $ 10.780. Against a basket of major currencies, the dollar was last up 0.21 percent at 98.827. It had less luck against the Japanese yen which tends to benefit during times of market stress as Japan is the world' s largest creditor nation. The dollar was buying 119.31 yen after being as low as 118.68. The run from risk boosted US Treasuries where yields on 10-year notes dropped 3 basis points to 2.24 percent. Worries about the global economy weighed on commodity prices with copper shedding more than 2 percent on Monday. Oil was near flat having been up as much as 4 percent at one stage amid a brewing dispute between Saudi Arabia and Iran. Early Tuesday, Brent for February delivery was quoted 5 cents firmer at $ 37.33 a barrel, while US crude added 13 cents to $ 36.89 -. Reuters |
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famouspinky
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05-Jan-2016 08:07
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There's no such thing as depends
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fortunecat
Master |
05-Jan-2016 08:05
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Means dead right. No way sse can be good?
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edwinjup
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05-Jan-2016 07:59
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Today depend on sse...... | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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famouspinky
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05-Jan-2016 07:35
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U sure sti is way ang?
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Qanghoo
Supreme |
05-Jan-2016 07:29
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DJIA seemed to have clawed back > 100pts during last hr of trading. Hope this wld restore some sanity into the global equity mkts. But a lot depends on what happens to SSE today. In any case, even if other mkts improve, n STI wayang along, will the broader mkt here start showing some life for a prolonged period?
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bishan22
Supreme |
05-Jan-2016 06:46
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Good number 2800.
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WanSiTong
Supreme |
05-Jan-2016 06:43
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North and South American Indexes
Wall Street begins year sharply lower after China selloff US stocks began 2016 sharply lower on Monday, with the Dow marking its worst start to a year since 2008, after weak Chinese economic data fanned fears of a global slowdown. Indexes partly recovered late in the session, following a turnaround in oil prices that caused energy shares to cut losses. At its low for the day, the Dow was down 467 points and was headed for its worst first-day percentage drop since 1932. Surveys showed factory activity in the world' s second-largest economy shrank sharply in December, sparking a 7-percent slide in Chinese shares that triggered a trading halt. Adding to investors' worries, China' s central bank fixed the yuan at a 4-1 / 2 year low, further weakening it against the dollar. US data sparked further concern as factory activity weakened unexpectedly in December, according to the Institute for Supply Management. " There was the turmoil overnight overseas that kind of set the tone ... (but) all of the negatives out there have been out there for a while," said Michael O' Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut. " The fact that we closed down on the year, the Fed tightened, it crystallized in investors' minds that we' re not in the environment we were in throughout most of the recovery." The selloff was widespread but not as deep as the slide caused by worries of a China-led global slowdown in August, when the Dow tumbled more than 1,000 points at one point. Nasdaq led the day' s decline and Amazon (AMZN.O), down 5.8 percent at $ 636.99, weighed the most on the S & P 500 and Nasdaq, while the Nasdaq Biotech Index .NBI dropped 3.2 percent. The Dow Jones industrial average .DJI closed down 276.09 points, or 1.58 percent, to 17,148.94, the S & P 500 .SPX lost 31.28 points, or 1.53 percent, to 2,012.66 and the Nasdaq Composite .IXIC dropped 104.32 points, or 2.08 percent, to 4,903.09 . Both the S & P 500 and the Nasdaq had their worst starts to a year since 2001. All 10 S & P sectors ended lower, but the energy index .SPNY was down the least, with a loss of just 0.2 percent. Crude oil ended a volatile session down slightly following concern about Middle East tensions, but Brent turned higher late. Tesla (TSLA.O) fell 6.9 percent to $ 223.41. The electric car maker delivered 17,400 vehicles in the fourth quarter, just above the low end of its guidance. About 8.5 billion shares changed hands on US exchanges, above the 7.2 billion daily average for the past 20 trading days, according to Thomson Reuters data. Declining issues outnumbered advancing ones on the NYSE by 2,127 to 977, for a 2.18-to-1 ratio on the downside on the Nasdaq, 2,202 issues fell and 652 advanced for a 3.38-to-1 ratio favoring decliners. The S & P 500 posted 1 new 52-week highs and 14 new lows the Nasdaq recorded 12 new highs and 113 new lows. |
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polarinda
Master |
04-Jan-2016 20:19
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x 0
x 0 Alert Admin |
one never knows.
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bishan22
Supreme |
04-Jan-2016 19:24
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Tml another red day. Future showing lagi red........... Stay out first..... |
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Goldfinger
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04-Jan-2016 17:42
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I'm embarrassed to describe the state of our SGX market - being worse than Greece is terribly embarrassing.. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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