Killed by SSE.....
Jakarta, despite what happened yesterday is up. KL also up. STI practically almost always down for two yrs?
50% of last night Dow green points have been vaporized by the great republic of pyjamas traders.
Jakarta, despite what happened yesterday is up. KL also up. STI practically almost always down for two yrs?
Trend should be respected. A trend can last months... or even years.
dead market...which mkt drop also affect sg...never go up 1...1 way direction
dead market...which mkt drop also affect sg...never go up 1...1 way direction
Noon Market
STI dips 0.04% to 2,643.49 at midday
January 15, 2016: 12:44 PM
Singapore equities traded little changed at noon on Friday, amidst mixed trading in other Asian markets.
The Nikkei 225 Index rose around 0.2%, while both the KOSPI and Hang Seng Indices shed about 0.7%. Meanwhile, the Shanghai and Shenzhen Composite Indices slipped about 1.5% and 0.9% respectively.
By 12.03pm, the Straits Times Index shed 0.04% to 2,643.49. Market breadth was negative. Excluding warrants, decliners outnumber gainers 164 to 140.
The Straits Times Index (STI) traded between 2,642.67 and 2,663.34, after opening 0.47% higher at 2,656.87.
A total of 1.26 billion shares worth $ 480 million changed hands, giving an average price of about 38 cents per share for the entire market.
Annica Holdings (Valuation: 0.90, Fundamental: 0.95), LionGold Corp (Valuation: 0.90, Fundamental: 0.40), Luzhou Bio-Chem Technology (Valuation: 0.90, Fundamental: 0.35), Tiger Airways Holdings (Valuation: 0.00, Fundamental: 1.35 ), and Singtel (Valuation: 1.70, Fundamental: 1.30) were among the most actively traded counters.
Among STI components, Hutchison Port Holdings Trust (Valuation: 1.80, Fundamental: 0.20) rose 3.1% to 50.5 US cents, while Sembcorp Marine (Valuation: 1.80, Fundamental: 1.10) added 2.2% to $ 1.40 Meanwhile, Global Logistic Properties (Valuation. : 2.00, Fundamental: 1.90) sank 1.5% to $ 1.925, while StarHub (Valuation: 1.70, Fundamental: 1.55) fell 1.4% to $ 3.48.
Annica Holdings jumped 100% to 0.2 cents. The manufacturer representative for a line of equipment for the oil and natural gas industry was queried by the Singapore Exchange over unusual trading activity in its shares.
Global Logistic Properties sank 1.5% to $ 1.925. The logistics facilities provider has signed three new lease agreements totalling 35,000 sq m in Greater Tokyo and Osaka.
Jumbo Group. (Valuation: N / A, Fundamental: N / A) shed 2.1% to 46 cents The food & beverage group has opened a third Jumbo Seafood outlet at the Shanghai International Finance Centre and plans to open at least three more outlets in China and Singapore in the next two years.
SingHaiyi Group (Valuation: 2.00, Fundamental: 1.30) tumbled 4.4% to 10.8 cents The property developer was on Thursday queried by the Singapore Exchange over unusual trading activity in its shares SingHaiyi has responded that its controlling shareholder, Haiyi Holdings, has been.. buying its shares from the open market and announcements were made on a timely basis.
Companies went ex-dividend / distribution on Friday include Avi-Tech Electronics
looks like have to depend on Europe mkt to rescue A30 again.
Most will take 50:50
Smart money would have let the mkt in stages when sti is toppish and at the onset of the drop in oil prices and our govt implementation of the deadly TDSR and ABSD to cool down the property mkt. The slow funds probably scale down when US rate hike is happening as EM birrowings are largely in USD. the current sell down are probably by die hard retailers and bottom testing and/or collection exercises by the funds.....dyodd.
A continuing downtrend simply means smart money is retreating in stages
Smart money would have let the mkt in stages when sti is toppish and at the onset of the drop in oil prices and our govt implementation of the deadly TDSR and ABSD to cool down the property mkt. The slow funds probably scale down when US rate hike is happening as EM birrowings are largely in USD. the current sell down are probably by die hard retailers and bottom testing and/or collection exercises by the funds.....dyodd.
A continuing downtrend simply means smart money is retreating in stages.
it could be the other way around....Accumulation Phase (基 金 建 倉 )
especially the Singapore market have plunged over the last 1.5 weeks....
Think it can only make sense to hold strong and reliable dividend payers in a market such as this..
Mati
STI dont care if 100 indexes are shooting to the sky, so long as one major one falls, STI will quickly go to the toilet in readiness to lao sai.
STI dont care if 100 indexes are shooting to the sky, so long as one major one falls, STI will quickly go to the toilet in readiness to lao sai.
A continuing downtrend simply means smart money is retreating in stages.
it could be the other way around....Accumulation Phase (基 金 建 倉 )
especially the Singapore market have plunged over the last 1.5 weeks....
Huge volumes on plunging days can mean the smart money is leaving the market in droves
