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STI to cross 3000 boosted by long-term investors
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WanSiTong
Supreme |
24-Nov-2015 13:03
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Noon Market STI gains 0.20% to 2,909.37 at midday November 24, 2015: 12:59 PM Singapore stocks gained at noon on Tuesday, with a mixed performance among large-caps and little in the way of a strong lead from the US or other Asian markets. The Nikkei 225 and Hang Seng Indices dipped around 0.1% and 0.7% respectively, while the KOSPI Index added about 0.2%. Meanwhile, the Shanghai and Shenzhen Composite Indices saw respective declines of around 0.7% and 0.01%. By 12.14pm, the Straits Times Index rose 0.20% to 2,909.37. Market breadth was however negative. Excluding warrants, decliners outnumber gainers 145 to 136. The Straits Times Index traded between 2,898.82 and 2,915.04, after opening 0.03% lower at 2,902.71. A total of 619 million shares worth $ 324.1 million changed hands, giving an average price of about 52 cents per share for the entire market. Vashion Group, Magnus Energy Group, Sincap Group (Valuation: 0.30, Fundamental: 0.75), Noble Group (Valuation: 1.20, Fundamental: 0.35), and New Silkroutes Group (Valuation: 0.30, Fundamental: 1.65) were among the most actively traded counters. Among STI components, Genting Singapore (Valuation: 1.40, Fundamental: 0.90) climbed 5.3% to 79 cents, while Yangzijiang Shipbuilding rose 2.2% to $ 1.14 Meanwhile, Noble Group slipped 2.4% to 40 cents, while Hutchison Port Holdings Trust (Valuation.: 1.80, Fundamental: 0.20) shed 0.9% to 53.5 US cents. Vashion Group slumped 20% after a trading suspension was lifted. The apparel retailer announced various changes to its management. Sincap Group tumbled 10.5% to 6.8 cents. The alumina and thermal coal trader requested for a trading halt on its shares pending the release of an announcement. Noble Group slipped 2.4% to 40 cents, after ratings agency Standard & Poor' s joined Moody' s Investors Service in reviewing the commodity trader' s ratings over liquidity concerns. Companies that went ex-distribution on Tuesday include Viva Industrial Trust (Valuation: 2.55, Fundamental: 0.60). |
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WanSiTong
Supreme |
24-Nov-2015 10:19
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Asian Shares Fall 24 November 2015 9:58 A slide in commodities prices pressured Asian resources shares Tuesday, as investors in the region also try to navigate global central banks' split approaches to monetary policy. Expectations the Federal Reserve will raise interest rates at its December meeting has strengthened the US dollar, which helped push commodities from oil to copper and gold lower overnight. Many are priced in the currency and become more expensive to global buyers as it strengthens. Investors are also concerned about weak global demand and oversupply. Australia' s S & P ASX 200 fell 0.6% to 5246.90, after closing on Monday at its highest in about a month. The materials sector fell 1.6%. The Nikkei Stock Average was flat, though nearing a high since late August. Investors there await Bank of Japan minutes on Wednesday for further insight on why the central bank has kept its annual asset purchase target unchanged despite slowing growth. South Korea' s Kospi gained 0.3%. Hong Kong' s Hang Seng Index slipped 0.4% while the Shanghai Composite Index fell 0.2%. " I think Asian markets are in a trading range until there' s clarity" on moves by the Fed and the European Central Bank, said Scott Clemons, chief investment strategist at Brown Brothers Harriman. The ECB has hinted it stands ready to unleash more stimulus as soon as its December meeting. " Dollar strength is likely to continue and that puts a cap on Asian markets." The US dollar has strengthened as investors wager that the Fed will raise interest rates for the first time since June 2006 at its December policy meeting. The euro hit a seven-month low Monday in Asia at $ 1.0591 but strengthened slightly to $ 1.0634 early Tuesday. US stocks slipped Monday, amid a light holiday-week trading before the Thanksgiving holiday. In Australia, mining shares led losses with, BHP Billiton Ltd. down 4.3% and Rio Tinto Ltd. 2.6% lower. The ASX rallied to its highest since late October Monday, despite continued weakness in commodities, as investors bought bank and consumer stocks. Analysts say demand for dividend-paying assets after a summer selloff has driven investors toward Australian banks, while an improving domestic economy has inspired buying among the retailers. , Weighed down by a stronger dollar and expectations of lackluster demand. Copper for December delivery, the most actively traded contract, closed down 1.9% at $ 2.0215 a pound on the Comex division of the New York Mercantile Exchange, the lowest level since May 2009. Iron-ore prices sit just a whisper above their July decade low after another sharp daily fall on Monday. Spot iron ore fell 1.8% on Monday to $ 44.20 a ton, according to the Steel Index. Nickel hit another 12 1/2-year low on Monday with the LME' s three-month nickel contract closing down 4.9% at $ 8,300 a metric ton. Brent crude oil, the global benchmark, rose 0.9% to $ 45.21 a barrel. In the US, crude-oil futures lost 0.4% overnight to $ 41.75 a barrel. Gold prices rose 0.3% at $ 1,069.80 a troy ounce. Month-to-date, the gains in Asia have been lackluster compared with October, when much of the region bounced back sharply from a summer selloff. The Shanghai Composite Index is up 6.7%, the Nikkei is up 4.1% and the S & P ASX 200 is up 0.3%. Those benchmarks were up 10.8%, 9.8% and 4.3% respectively in October. The Hang Seng Index is near flat while South Korea' s Kospi is off 1% month-to-date. |
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WanSiTong
Supreme |
24-Nov-2015 10:15
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Singapore' s STI Flat Noble Drags on Rating Worries 24 November 2015 9:54 The FTSE Straits Times Index is flat at 2903.99 soon after Tuesday' s open, with a mixed performance among large-caps and little in the way of a strong lead from the US or other Asian markets. Noble Group (N21.SG) leads declines, down 2.4% at S $ 0.40 a share after rating agency Standard & Poor' s put the company on CreditWatch Negative. Singapore Press Holdings (T39.SG) is down 0.5%, as is SembCorp Marine (S51.SG), while Genting Singapore (G13.SG) gains 2.7% and SIA Engineering (S59.SG) rises 2.2%. Now...STI up 5.33 pts to 2908.87 |
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WanSiTong
Supreme |
24-Nov-2015 09:18
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Hong Kong Stocks Seen Rising After Cautious Fed Comments 24 November 2015 9:10 Hong Kong stocks are seen rising early Tuesday following a Fed official' s comments that US policymakers could wait to raise interest rates. Hang Seng Index futures are up 0.2%. Federal Reserve Board governor Daniel Tarullo said Monday that inflation has not yet met the US central bank' s target trigger for a rate increase. Chinese oil stocks could be hit after oil prices fell overnight in the US, on concerns about rising crude inventories. This comes despite signals from Saudi Arabia that it may cut oil production. Airline stock investors might also react to the US issuing a worldwide terror alert Monday that will beef up security in more airports this Thanksgiving week. On the corporate news front, Cheung Kong Infrastructure (1038.HK) shareholders are due to vote on a $ 13 billion merger with Power Assets Holdings |
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WanSiTong
Supreme |
24-Nov-2015 08:22
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Highlight Eurozone approves bailout payment to Greece November 24, 2015: 7:48 AM Eurozone finance ministers approved a two billion euro (S $ 3 billion) payment to Greece on Monday, declaring that Athens had successfully met the strict reform commitments demanded in the country' s bailout. The payment confirms that relations between leftist led Greece and its European creditors have significantly appeased after a six month battle earlier this year nearly saw Athens thrown out of the eurozone. " Today' s decision to disburse 2 billion euros of ESM (eurozone bailout) funds reflects the Greek government' s commitment to the programme as it implemented an extensive list of essential reforms," said the head of the rescue fund, Klaus Regling. Greece' s leftist government last week narrowly pushed a bailout reform vote through parliament in order to win the payment from the 86-billion-euro bailout, Greece' s third in five years. The eurozone ministers, in Brussels for a monthly meeting, welcomed the adoption of the new measures, which were also a condition for unlocking 10 billion euros to recapitalise Greece' s top banks. " This is an important step towards addressing the main challenges that the Greek economy is facing and towards restoring it to a sustainable path," the ministers said in a joint statement after the talks. There now remains one billion euros in order for Athens to complete its frist review from the bailout, which is to last three years. Once this is achieved, extremely sensitive talks on reducing the overall size of Greece' s huge public debt pile can begin, with opposition from rescue-fatigued governments like Germany running high. After storming to power at the beginning of the year on a programme to free Greece from the restrictions of bailout programmes, Mr Tsipras in July accepted the rescue deal with strict conditions including further cutbacks in public spending. |
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WanSiTong
Supreme |
24-Nov-2015 08:19
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Stocks To Watch Noble Group, KLW Holdings, SIA Engineering, Midas Holdings, UOB November 24, 2015: 8:07 AM The following stocks may be in focus today: Noble Group (Valuation: 1.20, Fundamental: 0.35)., The commodity trader battling criticism of its accounting, may have its credit rating cut to junk by Standard & Poor' s on concerns about the company' s liquidity The ratings company said in a statement on Monday that it was placing its BBB- rating on Noble, the lowest measure for investment-grade debt, on review with " negative implications." S & P said it aims to resolve the CreditWatch listing within three months. Door maker KLW Holdings (Valuation: 0.90, Fundamental: 0.60) has received a notice dated Nov 19 from the Commercial Affairs Department saying it is investigating an offence under the Securities and Futures Act. SIA Engineering Co. (Valuation: 1.10, Fundamental: 3.00) has signed an agreement with Rolls-Royce Overseas Holdings (RROH) and Hong Kong Aircraft Engineering Company (HAECO) to sell its 10% stake in Hong Kong Aero Engine Services Ltd (HAESL ) to RROH and HAECO in equal proportion. Midas Holdings (Valuation: 1.40, Fundamental: 0.45) has secured four contracts with a total contract value of RMB72.5 million ($ 16.1 million), to supply aluminum alloy extrusion profiles for metro trains in China and airport rail trains in Malaysia. United Overseas Bank Group (UOB) has announced a US $ 8 billion ($ 11.3 billion) global covered bond programme to augment its funding base. Markets US stock indexes closed slightly lower in a quiet trading day on Wall Street after last week' s strong gains, while a big healthcare deal failed to impress investors on Monday. The Dow Jones industrial average fell 31.13 points, or 0.17%, to 17,792.68, the S & P 500 lost 2.58 points, or 0.12%, to 2,086.59 and the Nasdaq Composite dropped 2.44 points, or 0.05%, to 5,102.48. The Straits Times Index closed 14.42 or 0.49% lower at 2,903.49 on Monday. Turnover was one billion units worth $ 685 million, the bulk of which was concentrated in the 30 Straits Times Index (STI) components. Excluding warrants, there were 163 rises versus 238 falls. |
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WanSiTong
Supreme |
24-Nov-2015 05:59
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North and South American Indexes
 S STOCKS SNAPSHOT Wall St ticks down in low volume US stock indexes closed slightly lower in a quiet trading day on Monday after a week of strong gains, while a big healthcare deal failed to impress investors. The Dow Jones industrial average .DJI fell 31 points, or 0.17 percent, to 17,792.81, the S & P 500 .SPX lost 2.57 points, or 0.12 percent, to 2,086.6 and the Nasdaq Composite .IXIC dropped 2.44 points, or 0.05 percent, to 5,102.48. The S & P 500 had its largest weekly gain so far this year last week. Crude oil prices rose after Saudi Arabia' s pledge to work on price stability offset some worries about the global oil glut. Benchmark Brent futures LCOc1 were up 41 cents at $ 45.07 a barrel. US crude' s West Texas Intermediate (WTI) futures CLc1 rose 7 cents to $ 41.97 a barrel. |
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RoundRound
Elite |
23-Nov-2015 17:28
Yells: "Tikam Tikam can also" |
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Singapore market No.1 when falling, but last when rising.
It's like down 5 days, up 1 day, down another 9 days, up 1 day (last Thur) then down another 2 days. Anyway Eurozone have some good news. Its flash Services $ Manufacturing PMI improved so aiding its stpck markets |
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OnePunchMan
Member |
23-Nov-2026 11:27
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Volume is pathetically low.....traders all gone holiday liao |
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OnePunchMan
Member |
23-Nov-2026 11:25
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The Singapore market still has not recovered from the penny stock debacle in 2013 :(
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famouspinky
Supreme |
23-Nov-2015 15:51
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Mostly empty shells lol
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famouspinky
Supreme |
23-Nov-2015 15:50
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When mkt goes up due to qe, everyone is " huh what is it?" Super yaya papaya. Eyes all look at sky.
Now, no qe, become paupers lol
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famouspinky
Supreme |
23-Nov-2015 15:42
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Don't blame anyone
Blame ownselves
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Demostation
Supreme |
23-Nov-2015 13:44
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STI has been in the trailing end of the economic tornado of Singapore for the past five to six years (if not wrong it was from 2010 upto now), and yet we have seen no significant signs of the light at the end of the tunnel. Why like that? Who is responsible and who can steer the market up? It is terrible.. |
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WanSiTong
Supreme |
23-Nov-2015 13:35
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Noon Market STI dips 0.05% to 2,916.39 at midday November 23, 2015: 12:18 PM Singapore equities inched lower at noon on Monday amid lacklustre trading volume, while other Asian bourses also traded little changed. The Nikkei 225 and Hang Seng Indices added around 0.1% and 0.03% respectively, while the KOSPI Index rose about 0.8%. Meanwhile, the Shanghai and Shenzhen Composite Indices put in respective gains of around 0.4% and 0.7%. By 12.05pm, the Straits Times Index shed 0.05% to 2,916.39. Market breadth was however positive. Excluding warrants, gainers outnumber decliners 150 to 134. The Straits Times Index traded between 2,909.59 and 2,925.16, after opening 0.21% higher at 2,924.10. A total of 416.2 million shares worth $ 265.6 million changed hands, giving an average price of about 64 cents per share for the entire market. Sincap Group (Valuation: 0.30, Fundamental: 0.75), LionGold Corp (Valuation: 0.90, Fundamental: 0.40), Neptune Orient Lines (Valuation: 0.90, Fundamental: 0.75), Spackman Entertainment Group (Valuation: N / A, Fundamental: N / A), and The Stratech Group (Valuation: 0.00, Fundamental: 1.70) were among the most actively traded counters. Among STI components, Genting Singapore (Valuation: 1.40, Fundamental: 0.90) climbed 1.4% to 75 cents, while Noble Group (Valuation: 1.20, Fundamental: 0.35) rose 1.2% to 42 cents Meanwhile, Jardine Cycle & Carriage slipped 1.2%. to $ 32.35, while United Overseas Bank (Valuation: 2.25, Fundamental: 2.20) shed 0.9% to $ 19.84. Neptune Orient Lines surged 5.4% to $ 1.18, on news that the container shipping company has entered into exclusive talks in relation to its acquisition with France' s CMA CGM SA. KrisEnergy (Valuation: 0.90, Fundamental: 0.55) rose 3.3% to 31.5 cents, after the upstream oil and gas company announced that it has received government approval of the Production Area Application for an area containing the Rossukon oil discovery in the Gulf of Thailand. Libra Group. (Valuation: 2.40, Fundamental: 1.10) tumbled 11.4% to 15.5 cents The integrated building solutions provider announced that it has entered into an option agreement with Neptune Aviation and its existing shareholders to acquire an option for the consideration of US $ 1 to subscribe for new ordinary shares in the latter. Rex International Holding (Valuation: 0.90, Fundamental: 0.60) added 0.8% to 12.4 cents The oil production and exploration company announced subsidiary Rex Caribbean Holding had entered into an agreement with West Indian Energy Holding and GELCO Energy, to merge all their assets in. Trinidad into a new entity called Steeldrum Oil Company Inc. Companies that went ex-dividend on Monday include K1 Ventures (Valuation: 1.80, Fundamental: 1.95), Lee Metal Group (Valuation: 2.40, Fundamental: 1.00), PEC, and Sunright (Valuation: 1.50, Fundamental: 2.35). |
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fortunecat
Master |
23-Nov-2015 10:46
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Power man STI, continue to go down this week | |||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
Supreme |
23-Nov-2015 08:25
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Stocks To Watch NOL, KrisEnergy, Noble Group, KOP, TEHO International, Roxy-Pacific Holdings November 23, 2015: 7:58 AM The following stocks may be in focus today: Neptune Orient Lines (Valuation: 0.90, Fundamental: 0.75) has entered into an exclusivity agreement with France' s CMA CGM for a potential acquisition of NOL by way of a pre-conditional voluntary general offer. Upstream oil and gas company KrisEnergy (Valuation: 0.90, Fundamental: 0.55) has received the Thai government' s approval for an area spanning 87.74 sq km containing the Rossukon oil discovery in the Gulf of Thailand. Commodities trader Noble Group (Valuation: 1.20, Fundamental: 0.35). Has " just enough" liquidity to cover its short-term commitments in the next 12 months and support its rating, Fitch says The rating agency says it expects Noble to improve its core operations in the fourth quarter, but warns that " any deterioration of the company' s liquidity profile - especially a further deterioration of committed undrawn facilities - is likely to result in negative ratings action" . KOP Limited (Valuation: 0.90, Fundamental: 1.10) ' s subsidiary, KOP Properties, has entered into a cooperative agreement with Shanghai LuJiaZui (Group) Co. and Shanghai Harbour City Development (Group) Co. for the development of Winterland Shanghai with an estimated total investment of RMB3 billion ($ 663.5 million) and a site area of 110,000 sqm located in Shanghai' s Lingang City. TEHO International (Valuation: 0.90, Fundamental: 0.35) ' s unit TEHO Ropes & Supplies (TRSPL) entered into an agreement to grant an option to Teco Electric & Machinery to purchase from TRSPL the property located at 47 Tuas Avenue 9 at a purchase consideration of $ 14.38 million. Roxy-Pacific Holdings (Valuation: 2.40, Fundamental: 1.30) ' subsidiary, RH Eunos, has entered into an agreement to acquire a freehold residential site situated at No. 180A Jalan Eunos at the purchase price of $ 10.1 million. KS Energy (Valuation: 0.90, Fundamental: 0.20) Group announced that a joint venture between PT Atlantic Oilfield services and PT Java Star Rig has won a contract for KS Java Star jack-up drilling rig worth US $ 2.8 million ($ 4 million). Markets Wall Street racked up a solid week on Friday, with healthcare, technology and consumer stock making gains and investors looking beyond a widely expected December interest rate hike. The Dow Jones industrial average rose 0.51% to end at 17,823.81 points and the S & P 500 gained 0.38 % to 2,089.17. The Nasdaq Composite added 0.62% to 5,104.92. The Straits Times Index ended Friday 0.07% lower at 2,917.91, after trading between 2,892.31 and 2,919.02. Excluding warrants, decliners outnumber gainers 227 to 161. |
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WanSiTong
Supreme |
21-Nov-2015 07:27
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North and South American Indexes
S & P 500 scores best week in almost a year Wall Street racked up a solid week on Friday, with healthcare, technology and consumer stock making gains and investors looking beyond a widely-expected December interest rate hike. The S & P 500 ended its strongest week in almost a year, while the Dow Jones industrial average erased its year-to-date loss, led by a 5.46 percent jump in Nike (NKE.N), which announced a $ 12 billion share buyback and a 2-for-1 share split. The sporting goods maker helped send the consumer discretionary sector up 1.23 percent, making it the top gainer among the 10 major S & P sectors. Minutes from the Fed' s October meeting, released on Wednesday, hardened expectations of a December interest rate hike and hinted at a cautious approach after that. Many on Wall Street believe that raising rates next month will be interpreted as a sign of confidence in the US economic recovery. " There' s more risk now that if they do not raise in December, then people will worry that we' re still not out of the woods," said Jerry Braakman, chief investment officer at First American Trust, in Santa Ana, California, which manages $ 1 billion. With little inflation on the horizon, the Fed is likely to raise borrowing costs only gradually next year, which should help keep Wall Street content, Braakman said. The Dow Jones industrial average .DJI rose 0.51 percent to end at 17,823.81 points and the S & P 500 .SPX gained 0.38 percent to 2,089.17. The Nasdaq Composite .IXIC added 0.62 percent to 5,104.92. The S & P gained 3.3 percent for the week, its best showing since December. The Dow rose 3.4 percent for the week and the Nasdaq added 3.6 percent. Next week is likely to see tepid trading volume, with many investors taking time off for the Thanksgiving holiday. The S & P 500 index showed 32 new 52-week highs and nine new lows, while the Nasdaq recorded 76 new highs and 81 new lows. |
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WanSiTong
Supreme |
20-Nov-2015 16:11
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Asian Indexes
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i_love_girls
Veteran |
20-Nov 14:34
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x 0
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There seems to be an interesting obervations recently. When Dow up about $ 200++ points, there would be a guarantee that STI would be up BUT for a temporary period, half a day to one day. HOWEVER, when Dow up a few dollars or dow by a few dollars, confirm plus chop, STI would like to descend itself like nobody' s business. When Dow down a $ 200++ and above, STI will happily desends itself by the SAME MAGNITUDE!!! Perhaps, this is the new way of playing STI!!! Welcome to STI everybody :)))) |
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