Thursday, October 1, 2015


sgx picks todaySingapore benchmark Straits Times Index (STI) opened at 2,800.54 points, up 9.65 points or 0.35 per cent, after US stocks gained the previous night and ahead of the release of China's official purchasing managers' index (PMI) data, a manufacturing gauge and ended 11.51 points or 0.41% higher to 2772.36. STI came off from its intra-day peak of 2799.80 and low of 2772.36 Top LosersScrip NameCMP%changeNOBLE0.41-1.2KEPPEL CORP6.72-0.88SEMBCORP
MARINE2.27-0.87UOL5.96-0.83JARDINE C&C26.82-0.74Singapore stocks posted gains midday on better-than-expected economic data out of China. China's official Purchasing Managers' Index climbed to 49.8 in September, compared with a median estimate of 49.7 in a Bloomberg poll, as well as an August reading of

Singapore home prices dropped for an eighth quarter, matching the longest losing streak in 13 years, as tighter mortgage curbs cooled demand in Asia's second-most expensive housing market. An index tracking private residential prices fell 1.3% in the three months ended Sept. 30 from the previous quarter. The slump was the most since June 2009, in the aftermath of the global financial crisis.

Market forecast:
STI is expected to be positive tomorrow as China's official Purchasing Managers' Index has come better than expected. STI has the support level of 2778. STI has its resistance at 2828. If it breaks this level it might go up to 2860. Investor sentiments are still cautious over the early rate hike of U.S. by FED.

Wednesday, September 30, 2015

Singapore News Highlights fro wednesday

    sgx picks today
  • Singapore benchmark Straits Times Index (STI) opened flat at 2,786.63 points, down 1.31 points or 0.05 per cent, after a Tuesday afternoon rebound.
  • Lifebrandz posted a S$7.63 million loss for full-year 2015.
  • Cacola Furniture will resume trading only after announcing the termination of a reverse takeover that would have seen company go into agri-food business.
  • Singapore's Petrochemical Plant is in receivership.
  • S$ bonds are resilient amid equity alngwith currency selloffs.
  • Noble Group shares fell by 15% on global commodity woes.
  • Singapore property auction market recorded S$27.6m of sales in Q3.
  • Asian share slide halts but weaker commodity outlook weighs.
  • Asian futures rose amid late US rally while yen holds advance.
  • Switzerland has topped the World Economic Forum's competitiveness ranking for a 7th consecutive year, with Singapore and the US second and third.
  • Oil prices rallies as equities stabilise.
  • Palm oil prices seen up 40 per cent by mid-2016.
  • IMF has warned of market breakdown potential due to low rates.
  • Dollar has drifted lower as market awaits Yellen rate comments.
  • Sing dollar has fallen through S$1.43 against US dollar, to fresh six-year

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Tuesday, September 29, 2015

Singapore shares open lower again on global market turmoil

SINGAPORE'S benchmark Straits Times Index opened on Tuesday morning at 2,754.35 points, down 1.35 per cent or 37.57 points, at 9.03am.

sgx stock picksThe decline echoed Monday sell-offs in the US and Europe, along with falling commodities prices. Some 65.8 million shares worth S$78.2 million changed hands. Gainers outnumbered losers 20 to 141. Top stocks traded by value were DBS, ST Engineering, Singtel, UOB and OCBC. All opened lower.

Monday, September 28, 2015

Singapore News Highlights for Monday

    sgx trader
  • Singapore benchmark Straits Times Index (STI) opened lower at 2,828.07 points, down 4.57 points or 0.16 per cent, ahead of data on China industrial profits.
  • Asian shares held back by insipid Wall St while dollar consolidates.
  • Frasers Hospitality, is in talks with funds to buy assets in Europe.
  • Sunright has reported a increase in net profit to S$3.1 million for its full year ended July 31, 2015.
  • CMC Infocomm Ltd won S$4 million worth of contracts from Singapore telcos.
  • Vard Holdings has secured new contracts worth over US$100 million for the designing and construction of two offshore sub-sea construction vessels for Dubai-based Topaz Energy and Marine.
  • Oil prices fell down on slowing global economic growth outlook.
  • China's August industrial profits have fallen 8.8% year on year.
  • Greek's finance minister is confident of returning to growth.