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STI to cross 3000 boosted by long-term investors
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Demostation
Supreme |
02-Jun-2015 16:39
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Is it because they feel we are a bit too trigger happy in the drug case. Is there a misunderstanding by the BB funds?
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ronleech
Elite |
02-Jun-2015 16:37
Yells: "Believe in yourself. Ride with the waves......" |
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x 0
x 0 Alert Admin |
afraid by the time it rebounced...all here mostly dried up liao
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tobias_i_d
Senior |
02-Jun-2015 16:30
Yells: "Good technicians don't eat heads and tails." |
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Why must Singapore has something to do if Greek defaulted? Seriously, these 2 countries are thousands of kilometres apart. The former is in asia and the latter is in europe.... why? why? why????????? The only thing I concern, and I like the most about Greek is greek yoghurt... period.
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risktaker
Supreme |
02-Jun-2015 16:30
Yells: "Posts are opinions. Do not take it as investment advise " |
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x 0 Alert Admin |
US futures -50 good to long... 18k always supported.... greek need to pay 300m to IMF this fri ... i see no issue on it....my guess is mkt is over reacting.... will rebounce... good luxk
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ronleech
Elite |
02-Jun-2015 16:16
Yells: "Believe in yourself. Ride with the waves......" |
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x 0
x 0 Alert Admin |
correcting seems started in late april........ |
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risktaker
Supreme |
02-Jun-2015 16:11
Yells: "Posts are opinions. Do not take it as investment advise " |
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x 0 Alert Admin |
US futures is flat....singapore oversold... should have technical rebound tmr... i hope.... US likely to rally tonight... my view only... good luck | ||||
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WanSiTong
Supreme |
02-Jun-2015 13:34
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Noon Market Singapore shares in negative territoryJune 2, 2015 : 1:18 PM Singapore shares continued to trade weaker. At 12:19 pm (0419 GMT), the Straits Times Index declined 1.34% to 3,346.37. Market breadth was negative, with 263 decliners as compared to 105 gainers. The Straits Times Index came off from its intraday peak of 3,375.05 and low of 3,344.78. Volume amounted to 757.9 million shares worth $ 887.3 million changing hands. SingTel, Keppel Corp (Financial Dashboard), DBS Group Holdings , UOB and OCBC were among the most active stocks in the market. China released yesterday the Purchasing Managers' Index (PMI) figures for the month of May. The official manufacturing PMI inched up to 50.2 from 50.1 in April, indicating continued expansion. The non-manufacturing PMI came in at 53.2, dipping from 53.4 in April . Last Friday, US' s first-quarter gross domestic product (GDP) annualized quarter-on-quarter figures registered a decline of 0.7%, as compared to forecasts in a Bloomberg poll for a drop of 0.9%. Singapore' s PMI figures for May would be released later today. This is likely to dip to 49.3 from 49.4 in April, indicating continued contraction, according to a Bloomberg survey. Ezra Holdings plummeted 14.1%. The oilfield services firm plans to raise about $ 400 million through a combination of rights issue and convertible bonds to refinance debt. Spackman Entertainment Group slumped 2.2%. The producer, presenter and investor of theatrical films announced that its unit Spackman Media Group raised a total of US $ 7 million ($ 9.5 million) through a share subscription agreement. The proceeds will be used for investments into entertainment-related businesses. Global Invacom Group fell 1.6%. The manufacturer of satellite and television peripheral equipment is planning to acquire Skyware Global, a leading US manufacturer of satellite terminals, for up to US $ 11.6 million ($ 15.7 million). Among top gainers, Craft Print International surged 14%. The commercial printing and investment holdings company has entered into a joint venture agreement to diversify into the chemicals business and will change its name Abundance International Limited to reflect its new focus. The company will hold 51% of the joint venture, Orient-Salt Chemicals, which will manufacture and trade in chemicals. Hyflux gained 1.2%. The integrated water management and environmental solutions provider clinched a contract worth about US $ 48 million ($ 65 million) through its wholly-owned subsidiary Hydrochem Saudi from the state-owned Saline Water Conversion Corporation in Saudi Arabia for the design, build and supply of a containerised desalination system with a total designed capacity of 30,000 cubic metres per day. Koyo International , which provides integrated mechanical and electrical engineering services, traded flat at 30 cents. Its subsidiary Koyo Engineering (SE Asia) Pte Ltd clinched a contract of up to $ 11.2 million from Ascendas Services Pte Ltd for air conditioning and mechanical ventilation services. The contract, which will commence on July 1, is for a period of two years with an option to renew for another four years. Stocks that went ex-dividend today included Accordia Golf Trust , Hotel Grand Central Limited , Keong Hong Holdings and Multi-Chem Limited. |
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risktaker
Supreme |
02-Jun-2015 12:27
Yells: "Posts are opinions. Do not take it as investment advise " |
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x 0 Alert Admin |
Saw few fighter jets flying in the city....should be national day thingy....
I see lots of biz in singapore is being curb...all brokers insurance, real estate, stock...most biz owners are now working for landlords.... saw a report cant remember the actual stats but its like 300 cafe open then after a few months 100ish to 200 is close... Biz doing bad... but our singapore fuel price is steady and growing....sad...
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GorgeousOng
Supreme |
02-Jun-2015 12:05
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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These day most of tourists and local people won't shop in Sg. It is way too expensive to shop in Sg!!! Tourists just come here jalan jalan n makan only~~~no big shopping!!!
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Immortal
Master |
02-Jun-2015 11:17
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x 0
x 0 Alert Admin |
Each day the deal is not secured, each day will go down.... |
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risktaker
Supreme |
02-Jun-2015 11:06
Yells: "Posts are opinions. Do not take it as investment advise " |
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x 0
x 0 Alert Admin |
We are being played out by angmo funds? Something is going on and we have no idea? Business is bad nowadays.... heard business is bad in the retail side.. did tourist went to shop else where?
Something is wrong...haizz... come on singapore we can do it... |
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risktaker
Supreme |
02-Jun-2015 10:54
Yells: "Posts are opinions. Do not take it as investment advise " |
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x 0
x 0 Alert Admin |
Why would they let greek default?.....highly doubt it will happen....haiz.... play penny lose play blue chip also lose....
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vivivava
Veteran |
02-Jun-2015 10:50
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consolidating with vols.... maybe foreign funds pulling out for wait and see |
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Immortal
Master |
02-Jun-2015 10:50
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x 0
x 0 Alert Admin |
If Greece default..... |
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bishan22
Supreme |
02-Jun-2015 10:46
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x 0
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Banks retreat in anticipation of Greek default. |
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risktaker
Supreme |
02-Jun-2015 10:42
Yells: "Posts are opinions. Do not take it as investment advise " |
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x 0
x 0 Alert Admin |
SG mkt....Doesnt make sense why all banks got wack.... and mkt is at oversold...my bet is there maybe a technical rebound coming.... finger cross.... | ||||
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bishan22
Supreme |
02-Jun-2015 09:27
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x 0
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Tua Lao Sai |
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risktaker
Supreme |
02-Jun-2015 09:26
Yells: "Posts are opinions. Do not take it as investment advise " |
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x 0
x 0 Alert Admin |
Wah kao.... all ang mo houses like selling our local banks... what is going on.... oversold....i brought tot will rebound but go further south..... siao liao.... mkt oversold leh...
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WanSiTong
Supreme |
02-Jun-2015 08:44
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Market Preview Singapore market may open higher on better than expected US manufacturing dataJune 2, 2015 : 8:38 AM The Singapore market may open higher after the Vesak Day break as US stocks rose overnight as better-than-forecast manufacturing growth data overshadowed data showing consumer spending stalled. The Standard & Poor' s 500 Index gained 0.2% to 2,111.73 at 4 pm in New York, after earlier rising as much as 0.6%. The Dow Jones Industrial Average increased 29.69 points, or 0.2%, to 18,040.37. The Nasdaq Composite Index and Russell 2000 Index rose 0.3%. Data showed US manufacturing expanded more than forecast in May as orders grew at the fastest pace in five months. A report also showed consumer purchases unexpectedly stalled in April, raising the risk the biggest part of the economy may take time to gain momentum. A separate gauge said construction spending increased more than estimated. On Friday, the Straits Times Index retreated 0.75% to 3,392.11. Some 1.76 billion shares worth $2.19 billion changed hands. Decliners outnumbering gainers 259 to 192. Here are some stocks that could move the market today. Hyflux announced it was awarded a contract worth about US$48 million ($65 million) from the state-owned Saline Water Conversion Corporation in Saudi Arabia. The contract which was clinched through its wholly-owned subsidiary Hydrochem Saudi is for the design, build and supply a containerised desalination system with a total designed capacity of 30,000 cubic metres per day. Hyflux last closed at 85.5 cents. The Straits Trading Company' s subsidiary, SRE Venture 7, has agreed to invest JPY4.9 billion ($53.4 million) in the Greater Tokyo Office Fund (Jersey) which focuses on acquiring office assets in the area. Straits Trading Company last closed at $2.85. SHC Capital Asia has entered into sale and purchase agreement to acquire the entire issued and paid-up share capital of Tong Da Medical Device for purchase consideration of $120.0 million. SHC Capital last closed at 18 cents. Global Invacom Group says it is planning to acquire Skyware Global, a leading US manufacturer of satellite terminals, for up to US$11.6 million ($15.7 million). Global Invacom last closed at 32 cents. |
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WanSiTong
Supreme |
02-Jun-2015 08:04
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Dow +0.16% 18,040.37 / +29.69 Nasdaq +0.25% 5,082.93 / +12.90 S& P +0.21% 2,111.73 / +4.34 Wall Street edges up after recent losses, mixed data U.S. stocks ended with modest gains on Monday, recovering part of last week' s losses in a session marked by cautious trading as investors reacted to mixed economic data. A report from ISM showed the pace of manufacturing growth rose in May. Other data showed construction spending surged in April but consumer spending was unexpectedly flat. Investors are weighing data to try to guess how soon the Federal Reserve might raise interest rates. Boston Fed President Eric Rosengren said with little evidence of a rebound, the Fed is in no position to start raising interest rates for the first time since 2006. " The things that seem to be driving the market today are a bounce-back from the selling and some pretty good economic data. But as the day has progressed, some of the enthusiasm has worn off since the debate continues as to when the Fed is going to raise rates," said Bucky Hellwig, senior vice president at BB& T Wealth Management in Birmingham, Alabama.
" The risk is that the Fed raises interest rates into a slowing economy." Eight of the 10 major S& P indexes were higher, with health, industrials and technology among sectors with the most gains. Transportation stocks rebounded from recent losses. The Dow Jones transportation average .DJT, which last week came within a hair of correction territory, was up 1.1 percent. The Dow Jones industrial average .DJI rose 29.69 points, or 0.16 percent, to 18,040.37, the S& P 500 .SPX gained 4.34 points, or 0.21 percent, to 2,111.73 and the Nasdaq Composite .IXIC added 12.90 points, or 0.25 percent, to 5,082.93. Immunogen (IMGN.O) surged more than 70 percent, leading a rally in cancer drug makers' stocks after they presented positive data at a conference. Bristol-Myers shares (BMY.N) jumped 2.9 percent to $66.48, giving the S& P 500 its biggest boost, after the FDA accepted its application for a combination melanoma treatment. Intel (INTC.O) fell 1.6 percent to $33.90 and was the biggest drag on the three major indexes after the company agreed to buy programmable-chip maker Altera (ALTR.O) for $16.7 billion. Altera rose 5.8 percent to $51.68. Amid mounting worries of a Greek default, Athens missed a self-imposed Sunday deadline to reach an agreement to unlock aid. Advancing issues outnumbered declining ones on the NYSE by 1,630 to 1,417, for a 1.15-to-1 ratio on the upside on the Nasdaq, 1,371 issues fell and 1,363 advanced for a 1.01-to-1 ratio favoring decliners. The S& P 500 posted 15 new 52-week highs and 6 new lows the Nasdaq recorded 100 new highs and 51 new lows. About 5.9 billion shares changed hands on U.S. exchanges, below the 6.1 billion daily average for the last five sessions, according to BATS Global Markets. |
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