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STI to cross 3000 boosted by long-term investors
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WanSiTong
Supreme |
18-Jan-2016 13:38
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Asian Shares Mostly Slide 8 January 2016 13:20 Shares in most of Asia traded lower Monday, with Australia and Japan flirting with bear market territory as anxieties grew about China weakness and fresh lows in oil. The S & P / ASX 200 was down 0.8% at 4853.30, down 19% from its April peak. The Nikkei Stock Average was last off 1.6% at 16,887.75, down 18% from their June peak. Benchmarks enter a bear market when they fall 20% or more from a recent high. The Shanghai Composite Index was trading near flat after opening down 0.4% at 2891.17. It fell into bear-market territory Friday. The Hang Seng Index, which has stayed in a bear market since August, was 1.2%. South Korea' s Kospi fell 0.3% . A global rout deepened in Asia amid concerns about China' s slowing economy and falling commodity prices. Weak US retail sales data released Friday also raised concerns about the strength of the US economy. " A lot of focus is on [China' s central bank] and their ability to stabilize markets," said Drew Forman, co-head of trading at Macro Risk Advisors. " I would not say people are coming into buy this market" yet. On Wall Street Friday, the S & P 500 fell 2.2% to a 15-month low, the Dow Jones Industrial Average dropped 2.4% and the Nasdaq Composite declined by 2.7%. The falls mean the S & P 500 and the Dow are both down about 8% this year, while the Nasdaq has lost more than 10%. In Asia Monday, energy stocks came under renewed pressure, after US crude plunging 5.7% to US $ 29.42 a barrel on Friday. Prices continued to fall in Asia hours, with Brent crude off 1.2% at $ 28.60 per barrel. Oil prices have sunk to fresh lows after Western sanctions on Iran were lifted over the weekend, paving the way for the Middle Eastern nation' s full re-entry into the global oil market. Iranian officials said Sunday the country was preparing to raise output by 500,000 barrels a day. Australia' s energy sector was down 3%, with Liquefied Natural Gas Ltd. down 5.5% and Oil Search Ltd. down 4.7%. Earlier, China' s central bank guided the onshore yuan slightly stronger at 6.5590, compared to 6.5637 on Friday. The onshore yuan can trade within a 2% up or down limit of the authorities' daily fix. Offshore, where the currency trades freely, the yuan was stronger by 0.4% at 6.5895 compared to late Friday in Asia. Gold prices were last up 0.1% at $ 1091.30 per troy ounce. |
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Wolfman
Senior |
18-Jan-2016 13:26
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SSE and Taiwan Index reverse turned green...Bo hiu big bro Dow..STI as usual no need to say.. | ||||
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Siwomp
Supreme |
18-Jan-2016 13:11
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good opportunity for property counters with lots of unsold units to be taken private....imho
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Goldfinger
Supreme |
18-Jan-2016 13:05
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So Long as its strictly voluntary sale and not compulsory acquisition..
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WanSiTong
Supreme |
18-Jan-2016 13:03
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Noon Market STI slips 1.75% to 2,584.64 at midday January 18, 2016: 12:16 PM Singapore equities slumped at noon on Monday, amidst weaker non-oil domestic exports, mixed trading in other Asian markets, and a rout in oil prices after international sanctions against Iran were lifted. The Nikkei 225 Index sank around 1.5%, while the KOSPI and Hang Seng Indices shed about 0.1% and 1.1% respectively. Meanwhile, the Shanghai and Shenzhen Composite Indices put in respective gains of about 0.1% and 1.1%. By 12.06 pm, the Straits Times Index shed 1.75% to 2,584.64. Market breadth was negative. Excluding warrants, decliners outnumber gainers 308 to 64. The Straits Times Index (STI) traded between 2,578.09 and 2,604.40, after opening 1.41% lower at 2,593.60. A total of 835.6 billion shares worth $ 552.6 million changed hands, giving an average price of about 66 cents per share for the entire market. Annica Holdings (Valuation: 0.90, Fundamental: 0.95), Ezra Holdings (Valuation: 1.10, Fundamental: 0.45), Magnus Energy Group (Valuation: 0.90, Fundamental: 0.60), Noble Group (Valuation: 1.80, Fundamental: 0.35), and Spackman Entertainment Group (Valuation: N / A, Fundamental: N / A) were among the most actively traded counters. Among STI components, Thai Beverage climbed 1.46% to 69.5 cents, while Singapore Airlines (Valuation: 1.40, Fundamental: 1.65) added 1.1% to $ 11.16 Meanwhile, Noble Group plummeted 6.8% to 27.5 cents, while Sembcorp Marine (Valuation:. 1.80, Fundamental: 1.10) fell 5.4% to $ 1.31. Ezra Holdings tumbled 11.1% to 6.4 cents. The offshore contractor last week posted a loss of US $ 55.3 million for 1QFY2016 ended Nov, amidst a challenging market for offshore marine and subsea companies due to the depressed state of the oil and gas industry. CEFC International. (Valuation: 0.80, Fundamental: 2.80) leapt 17.2% to 34 cents The petrochemical products trader announced that it has signed a diesel supply agreement with Dyneff SAS, one of the leading independent fuel distributors in France, to supply 800kt-900kt of diesel this year. YuuZoo Corporation. (Valuation: N / A, Fundamental: N / A) plunged 4.6% to 14.4 cents The social networking firm announced that it has acquired 30% of Infocomm Asia Holdings, a leading distributor of online and box games in Southeast Asia. This will be funded by the issuance of 15 million new YuuZoo shares. There were no companies that went ex-dividend / distribution on Monday. |
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Qanghoo
Supreme |
18-Jan-2016 12:34
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People see daily trading px as one thing, n offer as another. In this mkt, any offer, people will try to squeeze for better px, especially if its ah gong coy.
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Siwomp
Supreme |
18-Jan-2016 12:10
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with recent stock mkt bashed up, seller will be more willing to sell for lower price. I expect this to be a good year for privatisation and M&A. | ||||
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WanSiTong
Supreme |
18-Jan-2016 11:28
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Singapore' s STI Falls on US Lead, China Data Worries 18 January 2016 10:54 Singapore' s FTSE Straits Times Index loses 1.7% to trade at 2587.56, suffering along with other Asian markets after a very weak lead from Friday' s trading in the US It is also likely that some of the caution relates to Chinese 2015 full-year GDP numbers, which are expected Tuesday and could show a further slowdown in the world' s second-largest economy. Among Singapore stocks it is again the rigbuilders and commodity firms that are hit most. Noble Group (N21.SG) plumbs a new multi-year low, down 5.1% to S $ 0.28 a share, while SembCorp Marine (S51.SG) and SembCorp Industries (U96.SG) are down 4.3% and 3.7%, respectively. Keppel Corp. (BN4.SG) loses 2.7%, showing little in the way of a positive reaction to a property investment announced over the weekend. |
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Goldfinger
Supreme |
18-Jan-2016 11:04
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Please wait -cHaven't finish CNY shopping yet leh.. | ||||
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Siwomp
Supreme |
18-Jan-2016 10:45
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capitulation week...... have fun. | ||||
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Qanghoo
Supreme |
18-Jan-2016 10:25
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Monkey god to the rescue soon .....
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SamuelJ
Member |
18-Jan-2016 10:22
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This is only the tip of the iceberg.
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trader20yr
Senior |
18-Jan-2016 10:14
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US and Singapore futures all up already now, .. look like Singapore stocks are reaching bottom and bounce already, since Singapore stocks had drop from historical high for 1year++ already. US however may still drop further as US still in historical high |
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Qanghoo
Supreme |
18-Jan-2016 10:13
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But SSE very manja one. U talk sweet sweet, next moment, it jumps down. Then STI completely dead even with SSE wakes up again.
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bishan22
Supreme |
18-Jan-2016 10:10
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SSE saved the day for STI........not so siong lah..... |
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Qanghoo
Supreme |
18-Jan-2016 10:05
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Thx, brother. N like the from, we all have different inner instincts, n the trouble is, like the frog, we all use the wrong instinct !!!!!! Hahaha. Seriously, though, we need to learn to fight our inner instincts to make sure the right instinct is harnessed at the right time. Good luck.
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SamuelJ
Member |
18-Jan-2016 09:44
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A good Monday morning to all brothers and sisters. I have a story to share with all. May you have wisdom to understand.
'Extract' Put a frog in a vessel of water and start heating the water. As the temperature of the water rises, the frog is able to adjust its body temperature accordingly. The frog keeps on adjusting with increase in temperature. Just when the water is about to reach boiling point, the frog is not able to adjust anymore. At that point the frog decides to jump out. The frog tries to jump but is unable to do so, because it lost all its strength in adjusting with the water temperature. Very soon the frog dies. What killed the frog? Many of us would say the boiling water. But the truth is what killed the frog was its own inability to decide when it had to jump out. We all need to adjust with people and situations, but we need to be sure when we need to adjust and when we need to face. There are times when we need to face the situation and take the appropriate action. If we allow people to exploit us physically, emotionally or financially, they will continue to do so. We have to decide when to jump. Let us jump while we still have the strength. |
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Jeromelow
Senior |
18-Jan-2016 09:44
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year of the monkey is not a very good year for everyone .......... |
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treetops
Elite |
18-Jan-2016 09:31
Yells: "Moments Today, Memories Tomorrow!" |
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x 0
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Everyday down about 40 points. A week down 200 points in average!
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SamuelJ
Member |
18-Jan-2016 09:28
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Really Finished.... please cut losses. Those holding on to war chest, the time is not ripe yet. | ||||
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