Noon Market
Singapore stocks slip 1.4% to 3,205.73
July 31, 2015 : 1:03 PM
The Singapore market posted losses at midday. By 12.01pm, the Straits Times Index slipped 1.35% to 3,205.73. Market breadth was negative. Excluding warrants, decliners outnumber gainers 295 to 96.
The Straits Times Index traded between 3,184.57 and 3,217.86, after opening 1.07% lower at 3,214.64. A total of 918.4 million shares worth $ 1.1 billion changed hands, giving an average price of $ 1.20 for the entire market.
Research house Citi has advised investors to pay close attention to signs of a technical recession in Singapore' s July / August GDP data and notes " clearer signs" of job market softening in the city-state, with job creation in the first half amounting to just 9,600 , down sharply from the 56,000 jobs created in the same period last year.
It estimates at least 20,000-25,000 jobs need to be created each year to prevent the resident unemployment rate from rising. It adds policymakers in Singapore will likely watch closely any sharp rise in the unemployment rate among citizens ahead of the elections, expected in September. Singapore on July 30 said the nation' s jobless rate edged up to 2% in the second quarter from 1.8% in the first quarter.
Noble Group , Vallianz Holdings , Global Logistic Properties , Golden Agri-Resources , and Ezra Holdings were among the most actively traded counters.
Among the decliners, Noble Group extended its share price retreat, tumbling 12% to 46 cents. A two-week blackout period ahead of its quarterly results is preventing Noble from buying back its shares. This, coupled with increased interest by short-sellers and trepidation about Noble' s impending results release, is weighing on the stock price.
Global Logistic Properties plunged 6% to $ 2.36, in spite of posting a 49% surge in earnings to US $ 268 million ($ 368.6 million) in the first quarter ended June 30, 2015, from US $ 179 million in the previous corresponding quarter.
United Overseas Bank fell 3% to $ 22.22. The banking group' s earnings fell 5.7% to $ 762 million in the second quarter ended June 30, 2015, from $ 808 million in the previous corresponding quarter. This missed the average estimates of seven analysts of $ 831.4 million.
OLS Enterprise last traded at 0.9 cents. The company, which produces films and advertising, requested for a trading halt on its shares pending the release of announcements.
Companies that went ex-dividend / distribution on Friday include Ban Leong Technologies (Financial Dashboard), DBS Group Holdings (Financial Dashboard), M1 Limited (Financial Dashboard), and Powermatic Data Systems .
Baptism of fire for new SGX,CEO,LOh BC.
Ang Mo revenging on SGX for getting rid of Ang Mo CEO.So non- angmo must support Singapore stocks !
tis is time to get cheap good value stock
Ang Mo revenging on SGX for getting rid of Ang Mo CEO.
So non- angmo must support Singapore stocks !
Some foreign funds leaving Singapore maket before election, trying to minimise their risk in case of freak result.
Dont worry, our " local" fund will come and fill the void. Sinagpore Stock market crashes during SG 50 is not a good omen. lol
In syn with sg50..... minus 50 points..... what a day to start.....
Shut down our stock exchange for good. It is rotting away
What is the new CEO doing?
Handing out flyers with the -50 points welcoming people to SGX investing? 
In syn with sg50..... minus 50 points..... what a day to start.....
what is going on......excellent results in OCBC GLP ..and market down 45pt?ALl sellers are US house.....Merril , Morgan...etc
Fellow Singaporean....it will be push up again in Aug...they push it down and fighten us ...then buy big....
Market PreviewSingapore stocks may open lower Eyes on OCBC, UOB, GLP
July 31, 2015 : 8:56 AM
The Singapore market may open lower this morning after Wall Street ended flat on Thursday.
With a mixed bag of corporate earnings over halfway through second-quarter reporting season and a sharp focus on when the Fed will begin raising interest rates from near zero, US investors on Thursday saw few reasons to pay more for shares.
The Dow Jones industrial average ended 0.03% weaker at 17,745.98 overnight, while the S & P 500 was unchanged at 2,108.63. The Nasdaq Composite added 0.33% to 5,128.79.
On the local front, the Straits Times Index ended the day 1.05% lower at 3,249.52, with 2.13 billion shares worth $ 1.15 billion changing hands.
Here are some stocks that could move the market this morning:
Oversea-Chinese Banking Corporation reported earnings of $ 1.05 billion for the second quarter ended June. The average forecast of eight analysts in a Bloomberg survey was $ 969 million.
OCBC closed at $ 10.27 yesterday.
United Overseas Bank' s earnings fell 5.7% to $ 762 million in the second quarter ended June 30, 2015, from $ 808 million in the previous corresponding quarter. This missed the average estimates of seven analysts of $ 831.4 million, compiled by Bloomberg.
UOB ended at $ 22.93.
Global Logistic Properties' earnings surged 49% to US $ 268 million ($ 368.6 million) in the first quarter ended June 30, 2015, from US $ 179 million in the previous corresponding quarter.
GLP ended at $ 2.50.
SMRT Corp reported a 10% fall in 1Q16 earnings to $ 20.1 million from $ 22.4 million a year ago due to continued losses in its rail operations.
SMRT closed at $ 1.46.
Neptune Orient Lines posted earnings of US $ 890 million ($ 1.22 billion) in the second quarter ended June 30, 2015. This is the shipper' s first quarter of profit after six quarters of losses. A year ago, it incurred a net loss of US $ 54 million .
Shares of NOL ended at 92 cents.
Fraser and Neave says Myanma Economic Holdings Ltd (MEHL) on July 29 filed a summons in the Singapore High Court ordering the company to take all steps necessary to ensure the completion of transfer of the company' s 55% stake in Myanmar Brewery Limited to MEHL upon payment of Myanmar Kyat or MMK 500 billion by MEHL.
F & N closed at $ 2.41.
China Aviation Oil (Singapore) Corporation posted earnings of US $ 17.8 million ($ 24.3 million) in the three months ended June 30, 2015, compared with US $ 17.7 million a year earlier.
CAO closed at 74.5 cents.
what is going on......excellent results in OCBC GLP ..and market down 45pt?
ALl sellers are US house.....Merril , Morgan...etc
Fellow Singaporean....it will be push up again in Aug...they push it down and fighten us ...then buy big....
Market PreviewSingapore stocks may open lower Eyes on OCBC, UOB, GLP
July 31, 2015 : 8:56 AM
The Singapore market may open lower this morning after Wall Street ended flat on Thursday.
With a mixed bag of corporate earnings over halfway through second-quarter reporting season and a sharp focus on when the Fed will begin raising interest rates from near zero, US investors on Thursday saw few reasons to pay more for shares.
The Dow Jones industrial average ended 0.03% weaker at 17,745.98 overnight, while the S & P 500 was unchanged at 2,108.63. The Nasdaq Composite added 0.33% to 5,128.79.
On the local front, the Straits Times Index ended the day 1.05% lower at 3,249.52, with 2.13 billion shares worth $ 1.15 billion changing hands.
Here are some stocks that could move the market this morning:
Oversea-Chinese Banking Corporation reported earnings of $ 1.05 billion for the second quarter ended June. The average forecast of eight analysts in a Bloomberg survey was $ 969 million.
OCBC closed at $ 10.27 yesterday.
United Overseas Bank' s earnings fell 5.7% to $ 762 million in the second quarter ended June 30, 2015, from $ 808 million in the previous corresponding quarter. This missed the average estimates of seven analysts of $ 831.4 million, compiled by Bloomberg.
UOB ended at $ 22.93.
Global Logistic Properties' earnings surged 49% to US $ 268 million ($ 368.6 million) in the first quarter ended June 30, 2015, from US $ 179 million in the previous corresponding quarter.
GLP ended at $ 2.50.
SMRT Corp reported a 10% fall in 1Q16 earnings to $ 20.1 million from $ 22.4 million a year ago due to continued losses in its rail operations.
SMRT closed at $ 1.46.
Neptune Orient Lines posted earnings of US $ 890 million ($ 1.22 billion) in the second quarter ended June 30, 2015. This is the shipper' s first quarter of profit after six quarters of losses. A year ago, it incurred a net loss of US $ 54 million .
Shares of NOL ended at 92 cents.
Fraser and Neave says Myanma Economic Holdings Ltd (MEHL) on July 29 filed a summons in the Singapore High Court ordering the company to take all steps necessary to ensure the completion of transfer of the company' s 55% stake in Myanmar Brewery Limited to MEHL upon payment of Myanmar Kyat or MMK 500 billion by MEHL.
F & N closed at $ 2.41.
China Aviation Oil (Singapore) Corporation posted earnings of US $ 17.8 million ($ 24.3 million) in the three months ended June 30, 2015, compared with US $ 17.7 million a year earlier.
CAO closed at 74.5 cents.
Market Preview
Singapore stocks may open lower Eyes on OCBC, UOB, GLP
July 31, 2015 : 8:56 AM
The Singapore market may open lower this morning after Wall Street ended flat on Thursday.
With a mixed bag of corporate earnings over halfway through second-quarter reporting season and a sharp focus on when the Fed will begin raising interest rates from near zero, US investors on Thursday saw few reasons to pay more for shares.
The Dow Jones industrial average ended 0.03% weaker at 17,745.98 overnight, while the S & P 500 was unchanged at 2,108.63. The Nasdaq Composite added 0.33% to 5,128.79.
On the local front, the Straits Times Index ended the day 1.05% lower at 3,249.52, with 2.13 billion shares worth $ 1.15 billion changing hands.
Here are some stocks that could move the market this morning:
Oversea-Chinese Banking Corporation reported earnings of $ 1.05 billion for the second quarter ended June. The average forecast of eight analysts in a Bloomberg survey was $ 969 million.
OCBC closed at $ 10.27 yesterday.
United Overseas Bank' s earnings fell 5.7% to $ 762 million in the second quarter ended June 30, 2015, from $ 808 million in the previous corresponding quarter. This missed the average estimates of seven analysts of $ 831.4 million, compiled by Bloomberg.
UOB ended at $ 22.93.
Global Logistic Properties' earnings surged 49% to US $ 268 million ($ 368.6 million) in the first quarter ended June 30, 2015, from US $ 179 million in the previous corresponding quarter.
GLP ended at $ 2.50.
SMRT Corp reported a 10% fall in 1Q16 earnings to $ 20.1 million from $ 22.4 million a year ago due to continued losses in its rail operations.
SMRT closed at $ 1.46.
Neptune Orient Lines posted earnings of US $ 890 million ($ 1.22 billion) in the second quarter ended June 30, 2015. This is the shipper' s first quarter of profit after six quarters of losses. A year ago, it incurred a net loss of US $ 54 million .
Shares of NOL ended at 92 cents.
Fraser and Neave says Myanma Economic Holdings Ltd (MEHL) on July 29 filed a summons in the Singapore High Court ordering the company to take all steps necessary to ensure the completion of transfer of the company' s 55% stake in Myanmar Brewery Limited to MEHL upon payment of Myanmar Kyat or MMK 500 billion by MEHL.
F & N closed at $ 2.41.
China Aviation Oil (Singapore) Corporation posted earnings of US $ 17.8 million ($ 24.3 million) in the three months ended June 30, 2015, compared with US $ 17.7 million a year earlier.
CAO closed at 74.5 cents.
Nasdaq +0.33% 5,128.79 / +17.06
S& P +0.00% 2,108.63 / +0.06
Wall Street ended flat on Thursday as investors digested ho-hum corporate earnings and new data showed that the economy grew more quickly in the second quarter.
Procter & Gamble (PG.N), Facebook (FB.O) and Whole Foods Market (WFM.O) all fell after quarterly reports that left investors wanting more.
U.S. economic growth accelerated in the June quarter as solid consumer spending offset a drag from weak business spending on equipment, suggesting steady momentum that could bring the Federal Reserve closer to hiking interest rates this year.
With a mixed bag of corporate earnings over halfway through second-quarter reporting season and a sharp focus on when the Fed will begin raising interest rates from near zero, investors on Thursday saw few reasons to pay more for shares.
" We' ve been stuck in a 3-percent band since almost the beginning of the year," said Warren West, principal at Greentree Brokerage Services in Philadelphia. " There' s nothing motivating investors to push it outside of that in either direction."
The Dow Jones industrial average .DJI ended 0.03 percent weaker at 17,745.98, while the S& P 500 .SPX was unchanged at 2,108.63. The Nasdaq Composite .IXIC added 0.33 percent to 5,128.79.
Six of the 10 major S& P sectors were higher, with the utilities index .SPLRCU leading gainers, up 0.72 percent, and the energy index .SPNY the biggest decliner, down 0.65 percent.
Thursday' s GDP report lifted the dollar as some investors bet on a September, rather than December, rate hike. The dollar index .DXY rose 0.6 percent to 97.545 after touching its highest in a week.
With 64 percent of S& P 500 companies having reported second-quarter results, analysts expect overall earnings to edge up 1 percent and revenue to decline 3.6 percent, according to Thomson Reuters data.
Valuations remain a concern. The S& P 500 is trading near 16.8 times forward 12-month earnings, above the 10-year median of 14.7 times, according to StarMine data.
" Earnings haven' t been great," said John Canally, investment strategist at LPL Financial. " We are in a slow-growth environment and anything that knocks that down further is not a plus for the market."
After the bell, Expedia (EXPE.O) jumped 8 percent and Amgen (AMGN.O) was 2 percent higher, both posting quarterly reports that pleased investors.
LinkedIn' s (LNKD.N) quarterly revenue beat expectations but its stock was down almost 2 percent after initially jumping around 10 percent.
During Thursday' s session, Skechers USA (SKX.N) jumped 16 percent as the sports shoe maker and retailer reported a better-than-expected rise in quarterly revenue.
Procter & Gamble fell 4.0 percent, Facebook dropped 1.8 percent and Whole Foods slumped 11.6 percent.
Advancing issues outnumbered declining ones on the NYSE by 1.04 to 1. On the Nasdaq, that ratio was 1.10 to 1, favoring advancers.
The S& P 500 saw 35 new 52-week highs and 7 new lows the Nasdaq Composite recorded 70 new highs and 79 new lows.
Some 6.4 billion shares changed hands on U.S. exchanges, below the daily average of 6.7 billion this month, according to BATS Global Markets.
US chart looking like breaking down....becareful
Market Close
Singapore shares finish lower
July 30, 2015 : 5:46 PM
The benchmark STI finished in the red as Chinese equities resumed their descend, with the Shanghai Composite Index and Shenzhen Composite Index slipping 2.2% and 3.21% respectively.
" China saw strong selling pressure in the last hour of trading, which implied that the state funds were not in the market to coax a positive close today," says Bernard Aw, Market Strategist at IG Asia.
The Straits Times Index ended the day 1.05% lower at 3,249.52, after trading between 3,248.35 and 3,284.29. Excluding warrants, decliners outnumbered gainers 282 to 152.
A total of 2.13 billion shares worth $ 1.15 billion changed hands, giving an average of 54 cents per share for the entire market.
The Stratech Group, Vallianz Holdings , Noble Group , Magnus Energy Group, and Golden Agri-Resources were among the most actively traded counters.
OCBC Investment Research, in a July 30 technical alert report, called for a trading buy on Golden-Agri Resources, United Overseas Bank , and Sembcorp Industries .
. Among the decliners, Noble Group tumbled 12% to 52 cents The Singapore Exchange issued a ' Trade with Caution' warning on shares in the company, which manages a portfolio of global supply chains covering a range of industrial and energy products Aw adds.: " The massive tumble in Noble prices contributed partially to the fall in STI today. The stock dropped to the lowest since late 2008 at 52 cents, which is more than 50% for the year."
Singapore Airlines slipped 5% to $ 10.88, despite the national carrier reporting a more than doubling of 1Q earnings to $ 91.2 million, or 7.8 cents per share, from $ 34.8 million a year ago. This is higher than the consensus earnings estimate of $ 88.3 million by Bloomberg Nicholas Teo, Market Analyst at CMC Markets observes:. " . Central to the strong bottom-line improvement is the airline' s continuing account of ' cheaper fuel' into their books"
Singapore Telecommunications fell 4% to $ 4.11. The telco announced that it has completed an agreement to sell its entire 30% stake in Abacus Travel Systems to Abacus International. Its shares also went ex-dividend on Thursday.
Sembcorp Marine slipped 2% to $ 2.66. The rig-builder said that it has not received payment for a troubled drillship project. Meanwhile, 1H2015 net profit fell 15% yoy to $ 215 million.
