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STI to cross 3000 boosted by long-term investors
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FATABA
Supreme |
08-Sep-2015 16:49
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x 0
x 0 Alert Admin |
With HK up 675pts and SSE up 90 pts....and now STi play catch up ....there must be some news tonite ? Europe and US futures all green green.
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Siwomp
Supreme |
08-Sep-2015 16:17
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x 0
x 0 Alert Admin |
with USD3.6trillion.... anything is possible. not forgeting they will make back and profit from it, like HK govt during currency crisis and US govt during lehman.... make tens of billions.
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nyde1d1th
Veteran |
08-Sep-2015 16:07
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x 0
x 0 Alert Admin |
careful of sell down la....only govt buying...volume record low...so no investor inside....they cant possibly intervene everyday...haha |
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Heero78
Veteran |
08-Sep-2015 16:03
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x 0
x 0 Alert Admin |
looks like something brewing in china. China might announce something after market closed. |
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bishan22
Supreme |
08-Sep-2015 15:39
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x 0
x 0 Alert Admin |
Dow future 200 up.... |
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WanSiTong
Supreme |
08-Sep-2015 15:37
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x 0
x 0 Alert Admin |
China stocks turn sharply higher as gov' t steps help stabilise market SHANGHAI, Tue Sep 8, 2015 3:14am EDT
Chinese stocks rose nearly 3 percent on Tuesday as a surge in late-afternoon buying helped erase early losses, but trading in both equity and index futures markets shrank sharply following a slew of government steps aimed at curbing speculative activity.
The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.6 percent, to 3,334.02, while the Shanghai Composite Index gained 2.9 percent, to 3,170.45 points. However, trading in SSEC shrank to the lowest level since February, a month of traditionally thin trading due to the Chinese New Year Festival. Late on Monday, China said it would remove tax on dividend incomes for investors who hold stocks for more than a year in an effort to encourage longer-term investment. The announcement came hours after regulators proposed introducing a " circuit breaker" on China' s flagship CSI300 index to help stabilise the market. These moves came on top of measures Beijing already introduced to restrict trading in index futures and options. " The authorities' move can certainly reduce the trading frequency of some big investors and help stabilize the market," said Xiao Shijun, a strategist at Guodu Securities. However, he said that only a sustained rebound can lure new investors. Banking shares rebounded in afternoon trade, fuelling speculation that government-backed investors intervened, according to traders. |
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tomhanks
Master |
08-Sep-2015 13:30
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x 0
x 0 Alert Admin |
Well i think, the market in the last 2 months must have factored in the rate hike already. The slump even after china introduced some remedy measures may be one good example. So even if the fed increases its rates, the market will heck care.
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WanSiTong
Supreme |
08-Sep-2015 13:17
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x 0
x 0 Alert Admin |
Noon Market STI down 0.76% to 2,830.60 September 8, 2015: 12:30 PM Singapore equities retreated at noon on Tuesday. Sentiment was mixed in Asia, with no trading cue from the US due to the Labour Day holiday. Mainland Chinese bourses registered losses on weak economic data. China' s exports fell 6.1% yoy in August, as compared to an 8.9% drop in July. Meanwhile, imports tumbled 14.3% in August, wider than an 8.6% decline in July. The Shanghai and Shenzhen Composite Indices shed about 1.4% and 0.9% respectively. By 12.07pm, the Straits Times Index fell 0.76% to 2,830.60. Market breadth was negative. Excluding warrants, decliners outnumber gainers 190 to 101. The Straits Times Index traded between 2,829.77 and 2,861.32, after opening 0.26% higher at 2,859.94. A total of 387 million shares worth $ 380.9 million changed hands, giving an average price of about 98 cents per share for the entire market. Among the large caps, agricultural commodities company Wilmar International fell 4.2% to $ 2.52 with 10.2 million shares traded, as weakness in the Chinese currency and economy hit the share price. Global Logistic Properties which also has exposure to China, fell 2.5% despite announcing a new leasing deal. Among the most actively traded counters were YuuZoo Corporation (Valuation: 99.00, Fundamental: 99.00), Ezra Holdings, International Healthway Corporation, Global Logistic Proeprties, and Singapore Telecommunications. Fabchem China. (Valuation: 99.00, Fundamental: 99.00) lost 9% to 32 cents The producer of commercial explosive products issued a profit warning, saying that the group' s profit and revenue are expected to be significantly lower for 2Q2016 ended September as compared to the corresponding quarter a year ago. YuuZoo Corporation added 5% to 15.1 cents. The social e-commerce and payments company announced that it has partnered with Sweden-based Circle of Champions Inc to distribute and market, in the markets where it has franchisees and partners, the latter' s popular and high -revenue generating Android and iOS mobile games Powershot Challenge and Striker Challenge. QT Vascular rose 7% to 9.2 cents. The company which develops technologies for the treatment of peripheral artery disease and coronary vascular disease has received CE mark clearance for its peripheral drug-coated balloon, Chocolate Touch. Geo Energy Resources, which was queried for unusual price falls, lost 13.1% to 13.9 cents on 12.3 milloon shares traded after the company said it is not aware of a reason for the trading activity. Companies that went ex-dividend on Tuesday include AVJennings, Pan-United Corporation Talkmed Group and Zhongmin Baihui Retail Group. |
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Siwomp
Supreme |
08-Sep-2015 10:31
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x 0
x 0 Alert Admin |
I believe that FED will raise rate by 25 basis point or less just to get the ball rolling. Mkt reaction will be a knee jerk down in the first free hrs of trading followed by a sharp recovery and rallied in the triple digits on the fact that mkt hates uncertainty much more than a token rate hike. In the home ground, the possibility of a bad results for the incumbent has increased due to the breakdown of the NEL yesterday and this morning during peak hr as the voting public is reminded yet again of the misses make by the incumben's policies. In europe, attention will be on the election in greece and the potential public backlash of the surge in immigrants.... potentially reaching the million mark in the months ahead.... | ||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
Supreme |
08-Sep-2015 08:53
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x 0
x 0 Alert Admin |
Stocks To Watch CIT, QT Vascular, Fabchem China, Ramba Energy, Hutchison Port Holdings Trust September 8, 2015 : 8:37 AM The following stocks may be in focus today: Cambridge Industrial Trust Management, the manager of Cambridge Industrial Trust (CIT) says it has issued approximately 1.82 million units in CIT at an issue price of about 65 cents per unit. QT Vascular, together with its subsidiaries, has received CE mark clearance for its peripheral drug-coated balloon, Chocolate Touch. Fabchem China warns that the group' s profit and revenue are expected to be significantly lower for the 2Q16 ended June compared to a year ago. Singapore' s High Court has dismissed the lawsuit filed against Ramba Energy ( Valuation: 0.30, Fundamental: 0.60) West Jambi (REWJ), a wholly-owned unit of Ramba Energy, on grounds that there was " no breach of contract" by REWJ. The trustee-manager of Hutchison Port Holdings Trust has declined an offer from parent Hutchison Port Holdings to acquire its entire 50% equity interest in Zhuhai International Container Terminals (Gaolan Phase 2). Civil engineering contracting firm Swee Hong has filed an application to the Court to convene a meeting with certain creditors of the company to work out a scheme of arrangement to facilitate a restructuring plan for its debt and liabilities. Markets The Straits Times Index ended Monday 0.40% lower at 2,852.41, after trading between 2,832.65 and 2,865.53. Excluding warrants, decliners outnumbered gainers 266 to 124. |
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SJRay93
Member |
07-Sep-2015 16:27
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x 0
x 0 Alert Admin |
Cats got 9 lives so... bounce 9 times? |
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Demostation
Supreme |
07-Sep-2015 16:18
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x 0
x 0 Alert Admin |
STI tries to lead the way for other Asian markets to follow, just one of the wonders of stock markets. This morning, Japan, Hongkong and Chinese were up and since STI is down, they also came down. Did not know STI so powerful, lol. |
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WanSiTong
Supreme |
07-Sep-2015 15:47
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x 0
x 0 Alert Admin |
China stocks lead Asia lower in choppy trade 12 Mins Ago Asian shares mostly fell on Monday, tracking the sell-off on Wall Street and as assurances from Chinese authorities failed to alleviate the wild swings in the country' s equity markets. Major U.S. indexes finished more than 1 percent lower last Friday, after the nonfarm payrolls report showed that 173,000 jobs were created in August, missing expectations of 220,000 and heightening uncertainty over the timing of a Federal Reserve rate rise. The number had some analysts suggesting that the U.S. central bank might wait until later in the year to raise interest rates, but traders appear to be betting on a rate-rise at next week' s Federal Open Market Committee (FOMC) meeting. " Clarity is what the world wants and clarity was clearly what we didn' t get in Friday' s payrolls. The fact the two-year treasury yield was largely unchanged at 70 basis points highlights that the script didn' t change," IG' s chief market strategist Chris Weston wrote in a note on Monday. U.S. stock markets will be closed Monday for the Labor Day holiday.
Mainland indexes volatile China' s share markets reopened to volatile trade after a four-day extended weekend, with the benchmark Shanghai Composite index closing down 2.55 percent at 3,079.7 after flip-flopping all day long between gains and losses. Earlier in the session, the Shanghai bourse rose as much as 1.8 percent, helped by remarks over the weekend that aimed at calming the market, but the reprieve proved to be short-lived. Among China' s other indexes, the CSI300 index of the largest listed companies in Shanghai and Shenzhen closed down 3.4 percent, while the smaller Shenzhen Composite trimmed gains to 0.2 percent. Read MoreThe week ahead: More bloodletting in China stocks? Over the weekend, People' s Bank of China (PBoC) Governor Zhou Xiaochuan said at the G-20 meeting in Turkey that China' s stock market has almost completed its correction after a bubble formed in the first half of the year. Lorraine Tan, director of equity research in Asia at Morningstar, told CNBC that the remarks hinted at the possibility of further stimulus measures to come in China. " Most governments around the world can' t predict stock markets so I don' t expect to really know that. What I will find confidence is expectation that there will be more stimulus coming through. The slowdown in China is real and it is starting to affect the consumption sector so once that happens, we expect to see more policy moves going forward," said Tan, who is expecting stimulus in the form of interest rate and income tax cuts. Meanwhile, the China Securities Regulatory Commission (CSRC) said in a post on its Weibo account late Sunday that stock markets were more stable, adding that risks associated with high levels of leverage have eased following a period of high volatility. In other news, China' s National Bureau of Statistics on Monday revised down 2014 gross domestic product (GDP) growth to 7.3 percent from a previously reported 7.4 percent. Read MoreChina poses ' biggest risk' to global businesses Emerging Asia eyed Equity markets in Malaysia and Indonesia fell 0.6 and 2.2 percent respectively to their lowest levels in more than a week, while both currencies crashed to fresh 17-year lows on Monday. The Malaysian ringgit lost 1 percent of its value against the U.S. dollar to trade at 4.3010, while the Indonesian rupiah tumbled 0.5 percent to fetch 14,230 versus the greenback amid speculation of an interest-rate rise in the U.S. next week. |
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victortan
Elite |
07-Sep-2015 15:34
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x 0
x 0 Alert Admin |
tonite dow on holiday. shanghai drop 2.5%,, better faster drop dead better for us. drop to 2500 faster. |
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WanSiTong
Supreme |
07-Sep-2015 13:16
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x 0
x 0 Alert Admin |
Noon Market STI down 0.49% to 2,849.80 September 7, 2015 : 12:52 PM Singapore stocks posted declines at noon on Monday, amid mixed trading in other Asian bourses. Mainland Chinese bourses posted gains on re-opening after the long weekend. The Shanghai and Shenzhen Composite Indices added about 0.9% and 3% respectively. Meanwhile, the Nikkei 225 Index rose about 0.5%, while the ASX 200 declined 0.5%. By 12.08pm, the Straits Times Index shed 0.49% to 2,849.80. Market breadth was negative. Excluding warrants, decliners outnumber gainers 207 to 70. The Straits Times Index traded between 2,832.65 and 2,852.50, after opening 0.75% lower at 2,842.28. A total of 440.6 million shares worth $427.3 million changed hands, giving an average price of about 97 cents per share for the entire market. Among the blue chips, Global Logistic Properties ( Valuation: 2.00, Fundamental: 1.90) fell 1.96% to $2.00. Hongkong Land fell 1.83% to US$6.44 while Olam shed 1.26% to $1.955. The Stratech Group, Ezra Holdings ( Valuation: 2.10, Fundamental: 0.60), YuuZoo Corporation ( Valuation: 99.00, Fundamental: 99.00), Ntegrator International ( Valuation: 0.30, Fundamental: 0.95), and International Healthway Corporation ( Valuation: 0.00, Fundamental : 0.65) were among the most actively traded counters. Stamford Tyres Corporation ( Valuation: 1.10, Fundamental: 0.35) fell 10% to 26 cents. The tires and wheels retailer registered an 86% drop in earnings to $83,000 for 1QFY2016, weighed down by lower sales. Revenue fell 5.2% to $65.3 million during the quarter. Ezra Holdings traded flat at 13 cents. The integrated offshore solutions company' s subsea services division, EMAS AMC, has finalised a contract with BHP Billiton for the Angostura phase 3 development offshore Trinidad and Tobago in the eastern Trinidadian sector of the Venezuela basin. Ramba Energy ( Valuation: 0.30, Fundamental: 0.60) gained 15% to 23.5 cents. The company engaged in oil and gas exploration and production has proposed to farm out a 25% working interest in the Lemang production sharing contract to an undisclosed farm-in partner for up to US$128.25 million ($182.6 million). YuuZoo Corporation rose 6% to 14.2 cents. The social e-commerce and payments company announced that it has secured access to a $30 million funding facility over the next three years from GEM Global Yield Fund, a New York-based private alternative investment group. Companies that went ex-dividend on Monday include XMH Holdings ( Valuation: 0.90, Fundamental: 1.80) and MegaChem ( Valuation: 2.00, Fundamental: 1.00). |
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Demostation
Supreme |
07-Sep-2015 11:49
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x 0
x 0 Alert Admin |
What I mentioned really come true. Always. Hahaha.
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Demostation
Supreme |
07-Sep-2015 11:33
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x 0
x 0 Alert Admin |
Global markets and futures all turning green, why hah?
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Demostation
Supreme |
07-Sep-2015 11:12
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x 0
x 0 Alert Admin |
Hang Seng down 58 points, wow, buy and sell HSI warrants can make money? Just buy or sell and stay for one hour or two, then make the profit for contra, looks so easy. |
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Demostation
Supreme |
07-Sep-2015 11:09
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x 0
x 0 Alert Admin |
Don' t know why HSI put warrants also falling. Calls and puts should be doing the opposite of one another, but this is not happening. Lol.
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Demostation
Supreme |
07-Sep-2015 11:07
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x 0
x 0 Alert Admin |
Short HSI call warrants, made some coffee tday.
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