Friday, April 17, 2015

Upgrade: Shares of Noble increase in front of AGM on Friday

SHARES of Noble Group picked up on substantial volume in ahead of schedule morning exchange on Friday, in front of its yearly shareholders' meeting at 10am around the same time.

The stock was up one Singapore cent, or 1.1 every penny, to 88.5 Singapore cents. It was among the most effectively exchanged stocks in the initial 15 minutes of exchanging.

The commodities firm has gone under overwhelming feedback by minimal known research firm Iceberg Research. Short merchant Muddy Waters, which additionally targeted another Singapore-recorded wares firm Olam International, has likewise uncovered that it holds short positions in Noble.

Iceberg not long from now dispatched another salvo of inquiries went for Noble Group on its site. In its rundown of 15 inquiries, the exploration firm kept on squeezing for more data over Australian-recorded mining firm Yancoal, in which Noble holds a 13 percent stake.

SGX and Bank of China broaden coordinated effort in RMB market

sgx stocks for todaySINGAPORE Exchange (SGX) on Friday said it is developing its coordinated effort with the Bank of China (BOC) in developing the renminbi market.

Through this, the accomplices will investigate more yuan-designated items, and improve the clearing and settlement administrations for China's cash. They will likewise take a gander at "more noteworthy access to development opportunities in China and Singapore markets, through joint showcasing".

The cooperation is an expansion of BOC and SGX's reminder of comprehension (MOU) that was initially marked in 2013.

Wednesday, April 15, 2015

Important Factors for tuesday

Important Factors for today
  • Singapore's retail sales up 15.8% in February compared to a year ago.

  • Singapore non-oil exports seen down for second month in March.

  • Singapore shares rose as risk appetite grew following the Monetary Authority of Singapore's decision to hold back from weakening the local currency.

  • The key 10-year Singapore Government Securities (SGS) has risen some 1.4 per cent in the past two weeks while the yield has fallen more than 8 percentDollar falls after US retail report disappoints.

  • The US will become a net energy exporter by 2029 as the development of crude supplies locked in shale formations bolsters oil production. Oil prices rise as US oil output seen dropping.
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  • Oil investors who amassed a US$6 billion long position in exchange traded funds, occupying as much as a third of the US futures market, are now racing for the exit at a near recordpace.

Market forecast for STI:
Market will move in the range of 3570 to 3500 .
Technical Indicators: RSI is at 79 and CCI is at 203.

Important Factors for tuesday

  • The Singapore economy grew by 2.1 per cent on a year-on-year basis in the first quarter of 2015 based on advance estimates, the same rate of growth as that achieved in the previous quarter.
  • The core manufacturing sector contracted by 3.4 per cent on a year-on-year basis,the contraction was due to a fall in output in the transport engineering, electronics and precision engineering clusters.

  • singapore stock picksThe construction sector expanded by 3.3 per cent on a year-on-year basis in the first quarter, an improvement from the 0.7 per cent growth recorded in the preceding quarter.

  • Small and medium-sized enterprises (SMEs) took 44 days to settle their accounts in the first quarter of this year - translating into the slowest rate of payment since the second quarter of 2012.

  • Singapore shares struggled for direction as investors digested the central bank's decision to keep its monetary policy stance.

  • Singapore's benchmark three-month interest rate eased to a two-week low on Tuesday, after the Singapore dollar rose as the Monetary Authority of Singapore kept its exchange rate policy unchanged.

  • Great Eastern Holdings, the insurance arm of Singapore's second-largest bank, raised US$555 million selling shares of New China Life Insurance after a rally in the Chinese company's stock.

  • The biggest improvement in payment behaviour came from the shipping and marine sector, where companies paid their first quarter bills 12 days faster than in Q4 last year.
  • The dollar again advanced against the euro ahead of key US data that could affect the outlook for Federal Reserve monetary policy.
  • World oil prices modestly extended last week's gains in cautious trade as investors digested news of another rise in US crude oil inventories in an abundantly supplied global market.

Monday, April 13, 2015

The billion Singapore-dollar question

singapore day trading picks

Hot stock: LHN retreats from early gains

SHARES of real estate management services firm LHN Limited, which debuted on Catalist on Monday, lost ground from early-trading gains.

The stock surged as much as 13 per cent to S$0.26 from its initial public offering (IPO) price of S$0.23 on its first day of trading, before falling back to S$0.23 as at 10.15am.

It sold 73.9 million shares to private investors. No retail tranche was offered. LHN's share sale raised S$17 million, and it is the first IPO in Singapore this year.

STI up 6.31 points at opening, following gains in US, Europe

SINGAPORE share prices opened higher on Monday, with the Straits Times Index (STI) up 6.31 points to 3,478.69 at 9.02am, following gains in the US and European markets on Friday.
Top gainers in early morning trade included Keppel Corporation and the Singapore Exchange.
singapore stock exchange today

Some 110 million shares worth S$68 million changed hands, with gainers outnumbering losers 123 to 46.