think today is shortist revenge on dow.... hehe chart looks terrible on dow
Problem log in SJ since 12:50
Noon Market
Singapore shares down at midday
July 30, 2015 : 12:42 PM
Singapore stocks inched lower at 12 noon even as the US Federal Reserve left its benchmark interest rate unchanged.
Nicholas Teo, Market Analyst at CMC Markets, says: " Last night the Fed kept rates on check, much to the relief of the broader stock markets, which showed their composure with US equities rallying for a second night."
Other Asian markets traded mix. Japan' s Topix index jumped 1.1% with Nintendo Co. surging 8%. Australia' s S & P / ASX 200 Index climbed 0.3%. South Korea' s Kospi index fell 0.6% amid a 3.4% retreat by Samsung Electronics Co. after second- quarter profit missed analysts' estimates and a 5.1% slump by SK Hynix Inc.
By 12.10 pm, the Straits Times Index inched lower by 0.51% to 3,267.36. Market breadth was negative. Excluding warrants, decliners outnumber gainers 205 to 139.
The Straits Times Index traded between 3,266.60 and 3,284.29, after opening 0.05% lower at 3,282.20.
A total of 1.01 billion shares worth $ 486.5 million changed hands, giving an average price of 48 cents for the entire market.
The Stratech Group, Magnus Energy Group, Noble Group , Europtronic Group, and Golden Agri-Resources were among the most actively traded counters.
Among the decliners, 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 was higher than the consensus earnings estimate of $ 88.3 million by Bloomberg.
Singapore Telecommunications fell 3% to $ 4.14. The telco announced that it has completed an agreement to sell its entire 30% stake in Abacus Travel Systems to Abacus International. Singtel shares also went ex-dividend on Thursday.
Sembcorp Marine dipped 0.7% to $ 2.69. The rigbuilder said that it has not received payment for a troubled drillship project. Meanwhile, 1H2015 net profit decreased 15% yoy to $ 215 million.
Stocks that went ex-dividend / distribution on Thursday include Bukit Sembawang Estates , CapitaLand Commercial Trust , Singapore Telecommunications, Valuetronics Holdings , and Viva industrial Trust.
Dying exchange we have... see how a behemoth Noble Group can be attacked to so low. Shortists & syndicates are controlling our SG market. Worthless companies can see its share prices fly while okay and profitable companies got trashed here.
Nearly the whole world's major indices are in green for days, even Malaysia KLSE is green even with their country facing unprecedented eco-political setbacks
Uniquely SG...all green and STI is red..
Uniquely SG...all green and STI is red..
sti at critical support level... if cannot hold, then lao sai
Dow +0.69% 17,751.39 / +121.12
Nasdaq +0.44% 5,111.73 / +22.52
S& P +0.73% 2,108.57 / +15.32Market Preview
Singapore stocks to open lower
July 30, 2015 : 8:18 AM
The Singapore market is expected to open weaker this morning despite the overnight rise at most global markets.
US stocks finished stronger overnight after the US Federal Reserve said the economy and job market continued to strengthen and left its key interest rate unchanged.
But the central bank' s comments on the economy and inflation also appeared to do little to drastically change wide expectations that the first rate hike will come in September or possibly December.
The Dow Jones industrial average rose 0.69% to end at 17,751.39. The S & P 500 gained 0.73% to 2,108.57 and the Nasdaq Composite added 0.44% to finish at 5,111.73.
In Singapore, the Straits Times Index ended the day 0.09% higher at 3,284.00. Decliners outnumbered gainers 230 to 184. A total of 1.98 billion shares worth $ 1.14 billion changed hands.
Here are some stocks and factors that could move the market this morning:
Singapore Airlines reported 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 earning estimate of $ 88.3 million by Bloomberg.
SIA closed at $ 11.42 on July 29.
Ho Bee Land is acquiring 39 Victoria Street, a 10-storey office property in London for £ 144 million ($ 307 million).
Ho Bee Land closed at $ 2.03.
TEE International posted earnings of $ 7.4 million for its 4Q2015 ended June, reversing from losses of $ 14.6 million one year earlier.
TEE International closed at 24 cents.
Raffles Medical Group has announced its collaboration with Mayo Clinic Care Network via a membership with the latter' s growing network of organisations.
Raffles Medical ended at $ 4.69.
China Minzhong Food Corp , the integrated vegetable processor, recorded a 34% fall in 4Q15 net profit after tax to RMB 83 million ($ 18.3 million) from a year ago.
China Minzhong closed at 82.5 cents.
Nasdaq +0.44% 5,111.73 / +22.52
S& P +0.73% 2,108.57 / +15.32
Singapore stocks to open lower
July 30, 2015 : 8:18 AM
The Singapore market is expected to open weaker this morning despite the overnight rise at most global markets.
US stocks finished stronger overnight after the US Federal Reserve said the economy and job market continued to strengthen and left its key interest rate unchanged.
But the central bank' s comments on the economy and inflation also appeared to do little to drastically change wide expectations that the first rate hike will come in September or possibly December.
The Dow Jones industrial average rose 0.69% to end at 17,751.39. The S & P 500 gained 0.73% to 2,108.57 and the Nasdaq Composite added 0.44% to finish at 5,111.73.
In Singapore, the Straits Times Index ended the day 0.09% higher at 3,284.00. Decliners outnumbered gainers 230 to 184. A total of 1.98 billion shares worth $ 1.14 billion changed hands.
Here are some stocks and factors that could move the market this morning:
Singapore Airlines reported 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 earning estimate of $ 88.3 million by Bloomberg.
SIA closed at $ 11.42 on July 29.
Ho Bee Land is acquiring 39 Victoria Street, a 10-storey office property in London for £ 144 million ($ 307 million).
Ho Bee Land closed at $ 2.03.
TEE International posted earnings of $ 7.4 million for its 4Q2015 ended June, reversing from losses of $ 14.6 million one year earlier.
TEE International closed at 24 cents.
Raffles Medical Group has announced its collaboration with Mayo Clinic Care Network via a membership with the latter' s growing network of organisations.
Raffles Medical ended at $ 4.69.
China Minzhong Food Corp , the integrated vegetable processor, recorded a 34% fall in 4Q15 net profit after tax to RMB 83 million ($ 18.3 million) from a year ago.
China Minzhong closed at 82.5 cents.
Sicko STI Wake Up......
open short....
Market Close
STI closes 0.09% higher at 3,284
July 29, 2015 : 6:08 PM
Singapore shares rose just a notch at the close as investors wait for details of the US Federal Reserve policy decision and Chinese equities bounced back into positive territory on Wednesday.
" After a full day of struggle, China bulls emerged as the winner in the tussle," says Bernard Aw, Market Strategist at IG Asia.
" However, a large part of the gains came through within the last hour of trading," he adds.
The Straits Times Index ended the day 0.09% higher at 3,284.00, after trading between 3,275.32 and 3,299.96. Excluding warrants, decliners outnumbered gainers 230 to 184.
A total of 1.98 billion shares worth $ 1.14 billion changed hands, giving an average of 58 cents per unit.
Great Group Holdings, The Stratech Group, China Sports International, China Essence Group, and Hu An Cable Holdings were among the most actively traded counters.
Among the gainers, China Essence Group leapt 29% to 2.7 cents. The Singapore Exchange issued a ' Trade With Caution' warning on the shares of the manufacturer of potato-based food products.
Japfa jumped 18% to 36 cents, in spite of the agri-food company posting a 36% fall in earnings to US $ 14.3 million ($ 19.6 million) from a year ago. Revenue for the quarter fell by 8% to US $ 704.3 million.
Choo Chiang surged 6% to 37 cents on its trading debut. The company, which distributes electrical products from brands like Hager, Legrand, Schneider, MK, Philips, KDK and Bosch, sold 33.28 million shares for 35 cents each at its IPO to raise $ 11.6 million in gross proceeds.
Lian Beng gained 3% to 56 cents. The construction company cum developer reported record revenue and earnings for the financial year ended 31 May 2015. Revenue improved 9.4% to $ 747 million, while earnings increased 24% to $ 108 million.
Among the decliners, iFAST Corporation dipped 2% to $ 1.455. This was despite the online distributor of investment products reporting a 24.6% rise in 2Q15 earnings to $ 3.3 million from a year ago, while revenue rose 26% to $ 11.38 million.
Noon Market
Singapore shares little changed as investors wait on Fed
July 29, 2015 : 11:55 AM
Singapore stocks moved little as at midday as investors wait for details of the US Federal Reserve policy decision.
Bernard Aw, Market Strategist at IG Asia, says: " The Federal Open Market Committee (FOMC) is expected to conclude its two-day meeting today, although for those of us in the Asia Pacific, we shall only hear of the policy decision and statement in the wee small hours of Thursday morning. "
By 11.08 am, the Straits Times Index inched lower by 0.05% to 3,279.46. Market breadth was negative. Excluding warrants, decliners outnumber gainers 162 to 144.
The Straits Times Index traded between 3,278.49 and 3,299.96, after opening 0.17% higher at 3,286.75.
A total of 682.6 million shares worth $ 507.1 million changed hands, giving an average price of 74 cents for the entire market.
China Essence Group , China Sports International , China Kunda Technology Holdings , Chinese Global Investors Group, and Great Group Holdings were among the most actively traded counters.
Among the gainers, China Essence Group leapt 33% to 2.8 cents. The Singapore Exchange issued a ' Trade With Caution' warning on the shares of the manufacturer of potato-based food products.
Choo Chiang surged 11% to 39 cents in its trading debut. The company, which distributes electrical products from brands like Hager, Legrand, Schneider, MK, Philips, KDK and Bosch, sold 33.28 million shares for 35 cents each at its IPO to raise $ 11.6 million in gross proceeds.
Lian Beng gained 3% to 56 cents. The construction company cum developer reported record revenue and earnings for the financial year ended 31 May 2015. Revenue improved 9.4% to $ 747 million, while earnings increased 24% to $ 108 million.
Japfa rose 2% to 31 cents, in spite of the agri-food company posting a 36% fall in earnings to US $ 14.3 million ($ 19.6 million) from a year ago. Revenue for the quarter fell by 8% to US $ 704.3 million.
Among the decliners, CDL Hospitality Trusts (Financial Dashboard) dipped 0.3% to $ 1.61. The stapled group, which invests in hospitality real estate, reported that distribution per stapled security (DPS) fell 10% to 2.25 cents in the second quarter ended June 30 , 2015, from 2.50 cents in the previous corresponding quarter.
Stocks that went ex- dividend / distribution today include Suntec Reit , SIA Engineering , Mapletree Commercial Trust , Keppel Corporation , Jason Marine Group , Frasers Commercial Trust , and Cambridge Industrial Trust.
tonight US maybe will drop 200 over points....
singtel and sembcorp industry...if further weakness buy....
guys time to look into defensive sector...
Chinese farmer invested life savings in stocks, lost it all
http://www.cnbc.com/2015/07/28/chinese-farmer-invested-life-savings-in-stocks-lost-it-all.html
Too bad, STi is deaf and dumb. After magnus, it gets another dysfunction, impotent.
Our pathetic STi already in the RED before noon. Any major indices that goes up, it has to even struggle to stay afloat but any major indices that fall a lot, our fall a lot too.
Always see same pattern, if up in the morning, afternoon will see sell-down.Our STi is a known weakling amongst global exchanges. While other major indices surged 100% or more, it got stuck. While these overpriced exchanges retreated a bit, our plunged.
Worse are our penny counters, up 1 to 2 pips, then drop 5 to 10 pips. How many of our penny counters have seen its value dropped 50% to over 90% in the last 2 to 3 years? I would safety say its more than 50% of traded penny counters.
Our exchange is just too small, too illiquid, and not supported by Government initiatives (other than some listed GIC firms and maybe Olam) that make it a Shortists heaven, as they rule here.
See how a STi component stock, Noble Group with nearly S$10 billion in capitalisation last year got attacked by Short-sellers to now less than S$4 in capitalisation.
If a behemoth giant STi index stock can get hammered to rubble, what are those smaller capitalised penny counters? Shortists are in the driver's seat of many of these battered counters.
