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STI to cross 3000 boosted by long-term investors
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WanSiTong
Supreme |
10-Sep-2015 08:48
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Stocks To Watch China Sky, IHC, CDL Hospitality Trust, Singapore Medical Group September 10, 2015 : 8:07 AM The following stocks may be in focus today: China Sky Chemical Fibre will resume share trading today, ending a four-year suspension that came after a scandal around its former chief executive landed the company in regulatory troubles. Singapore Exchange is advising shareholders and potential investors to exercise caution when dealing in shares of International Healthway Corporation ( Valuation: 0.00, Fundamental: 0.65). CDL Hospitality Trust has made its first investment in Europe by acquiring Cambridge City Hotel in the UK. Singapore Medical Group ( Valuation: 0.00, Fundamental: 2.10) has agreed to dispose the company&rsquo s entire interest of 196,000 shares in MindChamps Medical to MindChamps Holdings for an aggregate cash consideration of $100,000. Global Logistic Properties ( Valuation: 2.00, Fundamental: 1.90) has signed new lease agreements totaling 969,000 sq ft with five industry leaders in China, including auto parts, food manufacturer and third-party logistics providers. Markets U.S. stocks fell on Wednesday, weighed down by a slide in Apple' s share price and weakness in the energy sector. The Dow Jones industrial average fell 1.45% to 16,253.57, while the S& P 500 lost 1.39% to 1,942.04 and the Nasdaq Composite ended down 1.15% at 4,756.53. The Straits Times Index ended Wednesday 1.49% higher at 2,928.18, after trading between 2,890.84 and 2,931.65. Excluding warrants, gainers outnumbered decliners 308 to 114. |
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WanSiTong
Supreme |
10-Sep-2015 07:12
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Dow -1.45% 16,253.57 / -239.11
Nasdaq -1.15% 4,756.53 / -55.40 S& P -1.39% 1,942.04 / -27.37 Wall St. falls 1 percent, led by Apple, energy sector
U.S. stocks ended more than 1 percent lower on Wednesday after rallying the day before, led by declines in shares of Apple and energy companies, which fell with oil prices.
Shares of Apple (AAPL.O) ended down 1.9 percent at $110.15 in heavy trading, erasing gains as it launched new products. The company announced a new version of the Apple TV with an app store and voice-controlled remote control. Some analysts said investors sold Apple shares because expectations were so high ahead of the event. Among Apple' s suppliers, Skyworks Solutions (SWKS.O) was down 1.5 percent at $86.42, Avago Technologies (AVGO.O) was down 1.5 percent at $127.17, while U.S.-traded shares of STMicroelectronics NV (STM.N) fell 6 percent to $7.04. Energy .SPNY led declines among S& P 500 sectors, falling 1.9 percent as U.S. oil prices CLc1 settled down 3.9 percent. Chevron (CVX.N) was down 2.5 percent at $74.92. The volatile session reversed early gains of as much as 1 percent. Indexes had rallied more than 2 percent on Tuesday. " We had a nice rally yesterday based on an oversold position. There really wasn' t anything to create a follow-through, so the buying just kind of ran out of steam," said Bucky Hellwig, senior vice president at BB& T Wealth Management in Birmingham, Alabama. " Investors are still looking for policy developments out of China, and also wary of what might come out of the Fed next week." The Dow Jones industrial average .DJI fell 239.11 points, or 1.45 percent, to 16,253.57, the S& P 500 .SPX lost 27.37 points, or 1.39 percent, to 1,942.04 and the Nasdaq Composite .IXIC dropped 55.40 points, or 1.15 percent, to 4,756.53. U.S. job openings surged in July, Labor Department data showed, suggesting strength in the economy ahead of the Federal Reserve' s interest rate meeting next week. China said it will strengthen fiscal policy, boost infrastructure spending and speed up tax reform to reenergize growth. Global financial markets have been rattled in recent weeks by fears that China' s slowdown could drag on already sluggish global growth, prompting some investors to bet that the U.S. central bank will delay a rate hike until the end of the year. Barnes & Noble (BKS.N) fell 27.6 percent to $11.80. The largest U.S. bookstore chain reported a fall in sales for the fifth consecutive quarter. Netflix (NFLX.O), which was up 4.5 percent at $99.18, broke a seven-day losing streak and was among the biggest boosts to the S& P 500. NYSE declining issues outnumbered advancers 2,301 to 744, for a 3.09-to-1 ratio on the downside on the Nasdaq, 1,949 issues fell and 865 advanced, for a 2.25-to-1 ratio favoring decliners. The S& P 500 posted four new 52-week highs and three lows the Nasdaq Composite recorded 43 new highs and 51 lows. About 7.2 billion shares changed hands on U.S. exchanges, below the 7.4 billion daily average for the month to date, according to data from BATS Global Markets. |
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feedfrenzy
Veteran |
09-Sep-2015 23:36
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simi is yellen? 17 sept my birthday. but some counters i am eyeing today seem those soar so hight i abit panic almost bought but is abit high for my liking hmm.... i got a feeling is temp also.. stimulus from the bB
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makdatok
Supreme |
09-Sep-2015 22:19
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Eeeeemmmm...towards d end of d year,world market will be flushed with greenery,flower bloom,rally after rally..will u all b prepared for them?..forget about doomsday scenario..likely scenario is bloomday...hiak3 | ||||
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edwinjup
Supreme |
09-Sep-2015 21:41
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Depend on yellen.....17 sep 2015......
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SJRay93
Member |
09-Sep-2015 21:39
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I' ve got a feeling it' s just temporary.
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feedfrenzy
Veteran |
09-Sep-2015 19:01
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anyone thinks its a temp up or an up for good? |
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WanSiTong
Supreme |
09-Sep-2015 18:24
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STI ends 1.49% higher at 2,928.18 September 9, 2015: 5:41 PM Singapore stocks closed higher on Wednesday, amid a broad rebound in other Asian bourses. Market participants cheered China' s plan to ramp up infrastructure spending as well as rolling out expansionary fiscal measures, such as income tax cuts. The Shanghai and Shenzhen Composite Indices added about 2.3% and 3.3% respectively. Meanwhile, the Nikkei 225 Index leapt 7.7%, while the Hang Seng and KOSPI Indices rose 4.1% and 3% respectively. The Straits Times Index ended the day 1.49% higher at 2,928.18, after trading between 2,890.84 and 2,931.65. Market breadth was positive. Excluding warrants, gainers outnumbered decliners 308 to 114. A total of 1.33 billion shares worth $ 1.24 billion changed hands, giving an average of 93 cents per share for the entire market. Ezra Holdings, YuuZoo Corporation, International Healthway Corporation and Singtel were among the most actively traded counters. Among the blue chips, Sembcorp Marine rose 3.4% to $ 2.43 while Golden Agri-Resources rose 3.33% to 31 cents and Singtel rose 3.3% to $ 3.77. Olam, Noble and ThaiBev lost ground. Halcyon Agri closed 10% higher at 66.5 cents. The producer of natural rubber products was queried by the Singapore Exchange over unusual trading activity in its shares. In response, the company said that it is currently in confidential discussions with certain parties regarding a potential deal although no agreement has been reached. Apart from this, it is not aware of any other possible explanation for the trading. Hu An Cable closed 22% higher at 1.1 cents. The local government of Wuxi City, Guanlin Town has proposed the electrical cables manufacturer dispose the assets and liabilities of its three Chinese subsidiaries, namely Wuxi Hu An, Wuxi Shenhuan Electric Co. and Shenhuan Cable Technology Co. to help overcome the financial and operational difficulties it is facing. Geo Energy Resources continued to shed another 15% to 11.6 cents. The coal producer and mine contractor was queried on Monday by SGX over unusual trading activity in its shares. Geo Energy has responded that it was not aware of any reasons that could explain this. Subsequently, SGX issued a ' Trade With Caution' warning on the company' s shares. KLW Holdings slipped 9% to 1 cent after a trading halt on its shares was lifted. Two shareholders of the home furnishing and lifestyle products retailer has sought removal of three of the company' s directors. |
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RoundRound
Elite |
09-Sep-2015 13:06
Yells: "Tikam Tikam can also" |
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Nikkei up an astonishing over 1000 points or nearly 5.8%.
Our STi still like a sick and comatosed cat. Again the worse performing amount the Asia-Pac/Eurozone and US indices. |
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WanSiTong
Supreme |
09-Sep-2015 12:58
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Noon Market STI up 0.41% to 2,897.06 September 9, 2015: 12:30 PM Singapore equities nudged up at noon on Wednesday as a strong performance in US stocks overnight and in other Asian markets during the morning boost local trading sentiment. Mainland Chinese bourses posted gains amid conjecture that state support will prop up its markets. The Shanghai and Shenzhen Composite Indices added about 1.7% and 2.7% respectively. Meanwhile, the Nikkei 225 Index leapt over 5%, while the Hang Seng and KOSPI Indices rose about 3% and 2.4% respectively. By 12.25pm, the Straits Times Index rose 0.41% to 2,897.06. Market breadth was positive. Excluding warrants, gainers outnumber decliners 216 to 115. The Straits Times Index traded between 2,890.84 and 2,907.73, after opening 0.55% higher at 2,901.07. A total of 612.7 million shares worth $ 527.4 million changed hands, giving an average price of about 86 cents per share for the entire market. Among the blue chips, Ascendas REIT rose 3.2% to $ 2.23, HPH Trust rose 4.6% to 57 US cents while Jardine Matheson Holdings fell 4.3% to US $ 46.83. YuuZoo Corporation, Sunningdale Tech, Ezra Holdings, Noble Group, and China New Town Development Company were among the most actively traded counters. Among the gainers, Capitaland inched up 0.7% to $ 2.82. The property developer announced the official opening of CapitaGreen, a premium office development with environmentally sustainable design in the central business district of Singapore. Hu An Cable Holdings surged 11% to 1 cent. The local government of Wuxi City, Guanlin Town has proposed that the electrical cables manufacturer dispose the assets and liabilities of its three Chinese subsidiaries to an independent third-party purchaser to help overcome the financial and operational difficulties it is facing. Halcyon Agri Corporation rose 9% to 66 cents. The producer of natural rubber products was queried by the Singapore Exchange (SGX) over unusual trading activity in its shares. Among the decliners, Geo Energy Resources continued to shed another 10% to 12.3 cents. The coal producer and mine contractor was queried on Monday by SGX over unusual trading activity in its shares. Geo Energy has responded that it was not aware of any reasons that could explain this. Subsequently, SGX issued a ' Trade With Caution' warning on the company' s shares. Companies that went ex-dividend on Wednesday include Megachem and XMH Holdings. |
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WanSiTong
Supreme |
09-Sep-2015 12:10
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Asian stocks jump on optimism over China market stability17 minutes ago
HONG KONG (AP) &mdash Asian stocks galloped higher Wednesday, led by a surge in Japan, as investor confidence grew that China' s recent market turbulence was subsiding. KEEPING SCORE: Japan' s Nikkei 225 index posted its biggest gain this year, jumping 5.7 percent to 18,415.20 as it caught up with a late rebound in China from the day before. South Korea' s Kospi added 2.2 percent to 1,920.46 and Hong Kong' s Hang Seng climbed 2.4 percent to 21,769.27. The Shanghai Composite Index in mainland China rose 2 percent to 3,233.28. Australia' s S& P/ASX 200 gained 1.2 percent to 5,174.40. CHINA CALM: Investor sentiment is improving after Chinese stocks staged a late rebound on Tuesday that saw the Shanghai index swinging from an early loss to end 2.9 percent higher. Almost all the gains came in the final hour of trading, a familiar pattern of the past few weeks that' s led market analysts to suspect Beijing is intervening to support share prices. Other steps taken by China' s communist leaders in past days to soothe market fears include reassuring comments on the yuan' s stability and plans for " circuit breaker" system to suspend trading in case of big declines. QUOTABLE: " The rebound in China shares certainly has a hand in the pickup in risk sentiment," IG analyst Bernard Aw wrote in a commentary. " It seemed there is now some clarity in the risk markets, after a nerve-wrecking start to the week." WALL STREET: U.S. stocks reopened after Monday' s holiday and rebounded from last week' s loss to post their second-biggest gains for the year. The Standard & Poor' s 500 gained 2.5 percent to 1,969.41 while the Dow Jones industrial average rose 2.4 percent to 16,492.68. The Nasdaq composite climbed 2.7 percent to 4,811.93 points. ENERGY: U.S. benchmark oil rose 23 cents to $46.17 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 11 cents to close at $45.94 a barrel in New York on Tuesday. Brent Crude, a benchmark for international oils used by many U.S. refineries, rose 30 cents to $49.82 in London. CURRENCIES: The dollar rose to 120.28 yen from 119.99 yen in the previous trading session. The euro slipped to $1.1196 from $1.1168. |
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WanSiTong
Supreme |
09-Sep-2015 12:04
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Asian stocks on a tear, with Nikkei poised for biggest one-day gain since 200817 Mins Ago
Asian shares surged on Wednesday, with Japan' s benchmark Nikkei 225 index reaping monstrous gains, following the positive finish in offshore markets and as investors bet on China to step on the stimulus pedal soon.
Reopening after a long weekend, Wall Street recovered from its second-worst week for the year, taking its cues from a late-day surge in Chinese equities on Tuesday. All the major U.S. averages rallied more than 2 percent each overnight. In Europe, equities finished more than 1 percent higher on Tuesday, buoyed by positive data out of the region. " European equities advanced over 1 percent, with the risk-on mood extending to the U.S. markets. After returning from a long weekend, U.S. stocks saw a strong rally, accompanied by sales in U.S. treasuries. It seemed there is now some clarity in the risk markets, after a nerve-wrecking start to the week," IG' s market strategist Bernard Aw wrote in a note. " I am expecting markets across Asia to go into risk-on mode today," he added. |
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WanSiTong
Supreme |
09-Sep-2015 09:14
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Stocks To Watch Top StoriesHu An Cable, Challenger Technologies, Jacks International September 9, 2015 : 8:21 AM The following stocks may be in focus today: Hu An Cable Holdings, the manufacturer of electrical cables in China, says the local government of Wuxi City, Guanlin Town, has proposed that the company dispose the assets and liabilities of the group&rsquo s three Chinese subsidiaries &ndash Wuxi Hu An, Wuxi Shenhuan Electric Co. and Shenhuan Cable Technology Co. &ndash to potential purchaser Yixing Jinxiao Copper Industry Co. Challenger Technologies has set up a wholly owned subsidiary, Challenge Venture, to focus on investing in companies and businesses to complement Challenger&rsquo s existing business. Jacks International posted a loss of $125,000 for the 1H16 ended July compared with earnings of $521,000 a year ago. The distributor of health foods and supplements in Singapore, Brunei and China blamed the loss on lower revenue and higher marketing and distribution expenses and foreign exchange loss. Markets U.S. stocks rose more than 2% on Tuesday, bouncing after steep losses last week and a China-fuelled rebound in global equities. The Dow Jones industrial average rose 390.3 points, or 2.42%, to 16,492.68, the S& P 500 gained 48.19 points, or 2.5%, to 1,969.41 and the Nasdaq Composite added 128.01 points, or 2.73%, to 4,811.93. The Straits Times Index ended the day 1.15% higher at 2,885.32, after trading between 2,829.20 and 2,892.18. Excluding warrants, gainers outnumbered decliners 245 to 151. |
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WanSiTong
Supreme |
09-Sep-2015 06:50
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Dow +2.42% 16,492.68 / +390.30
Nasdaq +2.73% 4,811.93 / +128.01 S& P +2.51% 1,969.41 / +48.19 Wall St. jumps 2.42 percent as China gains fuel global gains
U.S. stocks rose more than 2 percent on Tuesday, bouncing after steep losses last week and a China-fueled rebound in global equities. Gains were broad-based and followed a three-day U.S. holiday weekend. All but one of the 10 major S& P sectors - energy - ended with gains of more than 2 percent. Hopes for more stimulus measures from the Chinese government increased after data on Tuesday showed that China' s imports shrank far more than expected in August, falling for the 10th straight month. Chinese stocks surged in a late rally, sparking a rebound in global equities. Late on Monday, China said it would remove a tax on dividend incomes for investors who hold stocks for more than a year in an effort to encourage longer-term investment. " We had some nice buying opportunities with the sell-off in August, and I think people are starting to take advantage of that and put money to work," said Larry Peruzzi, senior equity trader at Cabrera Capital Markets Inc in Boston. " In China it seems like there is a willingness to continue with stimulus, so hopefully those markets will stabilize." The Dow Jones industrial average .DJI rose 390.3 points, or 2.42 percent, to 16,492.68, the S& P 500 .SPX gained 48.19 points, or 2.51 percent, to 1,969.41 and the Nasdaq Composite .IXIC added 128.01 points, or 2.73 percent, to 4,811.93. All three major U.S. stock indexes posted losses of at least 3 percent for last week. Global financial markets have been rattled in recent weeks by fears that China' s slowdown could drag on already sluggish global growth, prompting some investors to bet that the U.S. central bank will delay a hike until the end of the year. A mixed report on the U.S. jobs market for August on Friday added to investor uncertainty over whether the Federal Reserve will increase interest rates at its Sept. 16-17 meeting. Apple (AAPL.O) shares gave the biggest boost to the S& P and the Nasdaq, rising 2.8 percent to $112.31, a day before the iPhone maker is expected to unveil new offerings. Media General (MEG.N) fell 6 percent to $10.48 after it said it would buy diversified media company Meredith Corp (MDP.N) for about $2.34 billion to create the third-largest local TV station owner in the United States. Meredith was up 9.9 percent at $50.47. After the bell, Yahoo (YHOO.O) shares were down 3.1 percent at $29.95 after it said it was considering its options following an Internal Revenue Service denial of its request on a tax ruling related to Yahoo' s plans to exit a stake in Alibaba Group Holding Ltd (BABA.N). In addition, shares of United Continental Holdings (UAL.N) were down 2.8 percent at $55.90 after the bell following the company' s announcement that Chief Executive Jeff Smisek had stepped down. Advancing issues outnumbered declining ones on the NYSE by 2,439 to 644, for a 3.79-to-1 ratio on the upside on the Nasdaq, 2,202 issues rose and 646 fell for a 3.41-to-1 ratio favoring advancers. The benchmark S& P 500 index posted one new 52-week high and no new lows the Nasdaq Composite recorded 46 new highs and 30 new lows. About 6.8 billion shares changed hands on U.S. exchanges, compared with the 7.5 billion daily average for the month to date, according to data from BATS Global Markets. |
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KiLrOy
Elite |
08-Sep-2015 21:25
Yells: "I buy only what I can see." |
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x 0
x 0 Alert Admin |
tHis is STI second bounce from the bottom... ITS TIME TO GO LONG~~~~~~~~~~~~~~ |
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tomhanks
Master |
08-Sep-2015 20:21
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x 0 Alert Admin |
Europe is all green.. Lets see how the US behaves later... |
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sriramanv
Master |
08-Sep-2015 18:24
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A50 and HSI night futures are running up...something brewing....
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Heero78
Veteran |
08-Sep-2015 17:39
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China' s Stocks Rebound in Last Hour of Trading as Banks Advancehttp://www.bloomberg.com/news/articles/2015-09-08/china-stock-index-futures-decline-before-release-of-trade-data |
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sriramanv
Master |
08-Sep-2015 16:58
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I dont think today is govt buying...must be something brewing...the northbound quota has been used a lot in the HK-SSE connect today...which is unusual during govt buying...the northbound quota used mainly by foreign buyers...i guess the funds are coming back to emerging markets... Rally to continue !!!
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WanSiTong
Supreme |
08-Sep-2015 16:55
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Hong Kong shares change course, surge after mainland' s rally36 Mins Ago Hong Kong stocks rebounded sharply on Tuesday, as a late-afternoon rally in mainland shares prompted bargain hunting in the city' s battered stocks. The Hang Seng index rose 3.3 percent, to 21,259.04, while the China Enterprises Index, which tracks Chinese companies listed in Hong Kong, jumped 4.1 percent, to 9,479.48 points. At midday, the Hang Seng was flat, and mainland indexes were down. Then in the afternoon, China indexes began to surge. " Stock prices have fallen a lot, so the rebound in mainland shares can easily trigger a rally in Hong Kong stocks as well," said Qiu Zhi, Shenzhen-based strategist at Huatai Securities Co. " Valuation of some stocks are lower than even during the 2008 global financial crisis," he said, adding this attracts bargain hunters. However, he noted that with trading volume still low, the next few sessions are key in deciding whether there is enough buying to make the rally sustainable. Alex Wong, a director at Ample Finance Group in Hong Kong, said the index broke though a couple of technical resistance levels, fuelling short covering interest, in particular after Morgan Stanley recommended buying stocks internationally. " It broke the pattern in the past few days and was able to hover above the level of the previous close, thanks to improved sentiment in the overseas markets following Morgan Stanley' s full house buy alert on the global market," Wong said. Stocks rose across the board. |
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