Thursday, September 17, 2015

Singapore shares close higher ahead of key Fed meeting

stock to buyTHE Straits Times Index (STI) rose 27.07 points to 2,895.81 on Thursday as traders continued to buy in anticipation of a "relief rally" if the US Federal Reserve keeps interest rates unchanged at its Thursday Federal Open Market Committee meeting.

Turnover was in line with recent soft-to-mediocre averages at one billion units worth S$1.2 billion and, excluding warrants, there were 221 rises versus 161 falls.

Overall, trading lived up to prior expectations - cautious and narrowly focused as players waited to see whether the Fed would raise rates or postpone the decision until December or even later.

Among the STI gainers was Singtel, with a S$0.03 rise to S$3.72 on a volume of 22.2 million. Nomura in a Thursday report reaffirmed its "buy" on the stock, pointing out that although for the year to date Singtel has fallen only 5 per cent versus the index's 15 per cent, from its peak, the telco is down 17 per cent versus the STI's 18 per cent and that short selling of Singtel has picked up in recent weeks.

Wednesday, September 16, 2015

STI MARKET REVIEW for wednesday


Singaporeshares opened higher on Wednesday. At 9.01am, the benchmark Straits Times Index was up 26.68 points, or 0.94 per cent, at 2,868.62 and ended 26.80 points or 0.94% higher to 2868.74. STI came off from its intra- day peak of 2886.85 and low of 2855.78. Top LosersScrip NameCMP%changeNOBLE0.45-2.17GOLDEN
AGRI-RES0.305-1.61STARHUB3.54-0.56DBS17.43-0.34SIA ENGINEERING3.64-0.27Singapore stocks traded lhigher at noon on Wednesday. STI gains 0.88% to 2,867.00 at midday

For those holding out for a roll back of property curbs after an election victory by Singapore's ruling party, the wait - may be longer than anticipated. The People's Action Party's emphatic win at Friday's polls won't be enough to reverse measures put in place as far back as 2009. The pace of decline in the city's home prices need to double the 6.7% drop from the peak two years ago before any of the restrictions will be eased.

Singapore SGX Wednesday News Highlights

sgx stock STI
  • Singapore shares opened higher with, the benchmark Straits Times Index was up 26.68 points, or 0.94 per cent, at 2,868.62.
  • Asian shares up, US bond yields jump before Fed.
  • SGX has formed three independent committees to advise the market regulator on listing, disciplinary and appeal matters.
  • Hyflux alongwith its partner Mitsubishi Heavy Industries (MHI) are chosen by the Singapore government to build a new waste-to-energy (WTE) plant at Tuas South Avenue 3.
  • CapitaLand has announced its seventh residential project in Vietnam.
  • Rotary Engineering is fighting a lawsuit in the High Court of Singapore.
  • China's move to have a more market-determined yuan should be welcomed.
  • World Bank economists have warned Fed hikes may be bumpy for emerging markets.
  • GE2015 has assured Singapore's future beyond SG50.
  • China has taken aim at automated trading in commodities futures.
  • Oil prices went up after dip in US crude production.
  • Brent oil contango is widest in three months as surplus has piled up.
  • Singapore property curbs not likely to be eased anytime soon as per analysts.