No, lah. Never enter because playing stocks can kill the good spirit in you, lol.
Mas / sgx should give account of albeo bluemout liongold, to assure us that no big shark is in market b4 i dare enter
Can anyone give 10 good reasons why one should not play share at SGX?If reasons are good, it may help most newbies, lol.
Mas / sgx should give account of albeo bluemout liongold, to assure us that no big shark is in market b4 i dare enter
Can anyone give 10 good reasons why one should not play share at SGX?If reasons are good, it may help most newbies, lol.
Can anyone give 10 good reasons why one should not play share at SGX?
If reasons are good, it may help most newbies, lol.
all waiting for Europe to open for lead
US up so much yesterday also no use.
Noon MarketSingapore shares drift between gains and losses
July 2, 2015 : 12:58 PM
Singapore shares traded sideways, against a backdrop of mixed performance from other Asian bourses. Meanwhile, mainland Chinese markets resumed a sell-down.
At 12:26 pm (0426 GMT), the Straits Times Index dipped 0.04% to 3,329.92.
Market breadth remained positive, with 176 gainers as compared to 140 decliners.
The Straits Times Index came off from its intraday peak of 3,357.95 and low of 3,329.41.
Volume amounted to 426.4 million shares worth $ 448.9 million changing hands.
DBS Group Holdings, United Overseas Bank, Singapore Telecommunications, CapitaLand, and Global Logistic Properties were among the most active stocks in the market.
Among top gainers, China Fibretech leapt 12.7% to $ 1.33. The company, which is engaged in the processing, dyeing, and finishing of fabrics, responded that it was not aware of any reasons after being queried by the Singapore Exchange (SGX) regarding unusual trading activity in its shares. SGX has advised potential investors to trade with caution in China Fibretech' s shares.
TIH Limited rose 2.1% to 73 cents. The investment holding company is investing US $ 1 million in Atlantic Pearl Limited (APL), a company which has been set up solely for the purpose of participating in a deal relating to food manufacturing in Indonesia.
Figtree Holdings gained 2.1% to 14.4 cents. The designer and builder of commercial and industrial facilities has secured a $ 65 million contract to design and build a state-of-the-art logistics hub in Singapore.
Tiong Seng Holdings climbed 1.5% to 13.8 cents. The construction group and property developer has won a $ 277.3 million building contract to develop JTC Space @ Tuas from JTC Corporation.
Lippo Malls Indonesia Retail Trust advanced 1.4% to 37 cents. The REIT, which invests in retail-related real estate in Indonesia, has obtained a $ 200 million term loan facility to refinance existing debt and for working capital and general funding purposes.
Ascott Residence Trust rose 0.8% to $ 1.30. The REIT, which invests in serviced residences or rental housing properties, is acquiring the 411-key Element New York Times Square West hotel located in Midtown Manhattan for US $ 163.5 million ($ 220.7 million). The accretive acquisition at an EBITDA yield of 6.2% is expected to increase the REIT' s distribution income in FY2014 by US $ 0.8 million, translating to a rise in distribution per unit from 8.44 cents to 8.51 cents on a pro forma basis.
Stocks that went ex-dividend today included Chemical Industries (Far East).
Noon Market
Singapore shares drift between gains and losses
July 2, 2015 : 12:58 PM
Singapore shares traded sideways, against a backdrop of mixed performance from other Asian bourses. Meanwhile, mainland Chinese markets resumed a sell-down.
At 12:26 pm (0426 GMT), the Straits Times Index dipped 0.04% to 3,329.92.
Market breadth remained positive, with 176 gainers as compared to 140 decliners.
The Straits Times Index came off from its intraday peak of 3,357.95 and low of 3,329.41.
Volume amounted to 426.4 million shares worth $ 448.9 million changing hands.
DBS Group Holdings, United Overseas Bank, Singapore Telecommunications, CapitaLand, and Global Logistic Properties were among the most active stocks in the market.
Among top gainers, China Fibretech leapt 12.7% to $ 1.33. The company, which is engaged in the processing, dyeing, and finishing of fabrics, responded that it was not aware of any reasons after being queried by the Singapore Exchange (SGX) regarding unusual trading activity in its shares. SGX has advised potential investors to trade with caution in China Fibretech' s shares.
TIH Limited rose 2.1% to 73 cents. The investment holding company is investing US $ 1 million in Atlantic Pearl Limited (APL), a company which has been set up solely for the purpose of participating in a deal relating to food manufacturing in Indonesia.
Figtree Holdings gained 2.1% to 14.4 cents. The designer and builder of commercial and industrial facilities has secured a $ 65 million contract to design and build a state-of-the-art logistics hub in Singapore.
Tiong Seng Holdings climbed 1.5% to 13.8 cents. The construction group and property developer has won a $ 277.3 million building contract to develop JTC Space @ Tuas from JTC Corporation.
Lippo Malls Indonesia Retail Trust advanced 1.4% to 37 cents. The REIT, which invests in retail-related real estate in Indonesia, has obtained a $ 200 million term loan facility to refinance existing debt and for working capital and general funding purposes.
Ascott Residence Trust rose 0.8% to $ 1.30. The REIT, which invests in serviced residences or rental housing properties, is acquiring the 411-key Element New York Times Square West hotel located in Midtown Manhattan for US $ 163.5 million ($ 220.7 million). The accretive acquisition at an EBITDA yield of 6.2% is expected to increase the REIT' s distribution income in FY2014 by US $ 0.8 million, translating to a rise in distribution per unit from 8.44 cents to 8.51 cents on a pro forma basis.
Stocks that went ex-dividend today included Chemical Industries (Far East).
Singapore Regulator Issues First Warning on Trading SGX Shares
July 2, 2015 : 12:32 PM
That' s the message from Singapore' s regulator to investors in the city-state' s exchange operator, which jumped Wednesday by the most since July 2009. It' s the first time Singapore Exchange Ltd. has been the subject of such an alarm the bourse itself has dished out the warning on more than 50 companies since the introduction of tougher rules in March 2014.
The Monetary Authority of Singapore has regulatory oversight over SGX, while also working with it to monitor the rest of the city' s listed companies. Two trading disruptions last year earned SGX a reprimand and a bar on raising fees until fixes are made. Shares in Southeast Asia' s biggest exchange operator jumped 4.5% on Wednesday, and the company said it did not have a reason for the rally.
" Shareholders and potential investors should exercise caution when dealing in the securities," MAS said in a statement on Thursday. " MAS will investigate all possible transgressions and pursue all actions necessary to maintain a fair, orderly and transparent market."
SGX slipped 0.4% as of 10:59 am in Singapore, paring its 2015 gain to 4.4%. SGX shares have underperformed, so may have jumped on buying from just one or two fund managers, according to Nicholas Teo, a strategist at IG Ltd . in Singapore.
" This extra policing by the regulator may have the unintended consequence of hampering trades and preventing the creation of a more vibrant market," Teo said. " I think it' s a bit too much."
The Singapore bourse operator was valued Wednesday at 22.5 times estimated earnings, compared with Hong Kong Exchanges & Clearing Ltd.' s multiple of 35 times.
SSE correction looks like ending soon. Support should be at 4000. Greece mis not a major concern. Guess will see a turn around soon, i hope.
sse having correction time, some of the company from china might affected...the world is having so many problem....Greece-sse correction--later will be oil---mers...all the reason make the share drop..even our leader us recover...singapore still swimming like no where...
that will take time for it to form, unlikely immediate effect. Anyway, EU should do away with such irresponsible member.
fear not greece... fear domino effect
Forget about greece. Their Mkt Cap is not even of Singapore.
Forget about greece. Their Mkt Cap is not even of Singapore.
Greece in crisis
Tsipras digs in against bailout
July 2, 2015 : 8:01 AM
A defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal, wrecking any prospect of repairing broken relations with European Union partners before a referendum on Sunday that may decide Greece' s future in Europe.
Less than 24 hours after he wrote a conciliatory letter to creditors asking for a new bailout that would accept many of their terms, Tsipras abruptly switched back into combative mode in a television address.
Greece was being " blackmailed" , he said, quashing talk that he might delay the vote, call it off or urge Greeks to vote " Yes" .
The remarks added to the frantic and at times surreal atmosphere of recent days in which acrimonious messages from the leftist government have alternated with late-night offers of concessions to restart negotiations.
A day after Greece became the first developed economy to default on debt to the International Monetary Fund, long lines at cash machines provided a stark symbol of the pressure on Tsipras, who came to power in January vowing to end austerity and protect the poor.
" A ' No' vote is a decisive step toward a better agreement that we aim to sign right after Sunday' s result," he said, rejecting repeated warnings from European partners that the referendum would effectively be a vote on whether Greece stays in the euro or returns to the drachma.
European Council President Donald Tusk retorted in a tweet: " Europe wants to help Greece. But cannot help anyone against their own will. Let' s wait for the results of the Greek referendum."
Euro zone finance ministers held an hour-long conference call to discuss the previous night' s offer from Tsipras, but were adamant that no further discussions would be held until after Sunday' s vote.
" We will come back to your request for financial stability support from the ESM (European Stability Mechanism) only after, and on the basis of the outcome of, the referendum," the head of the currency zone ministers' Eurogroup, Jeroen Dijsselbloem, wrote in a letter to Tsipras.
IMF Managing Director Christine Lagarde told Reuters in an interview that she would want to see reforms before opening discussions on any new debt package.
Global financial markets have reacted remarkably calmly to the widely anticipated Greek default, strengthening the hand of hardline euro zone partners who say Athens cannot use the threat of contagion to weaker European sovereigns as a bargaining chip.
In his overnight letter to creditors, seen by Reuters, Tsipras agreed to accept most of their demands for taxes and pension cuts and asked for a new 29 billion euro ($43.3 billion) loan to cover all debt service payments in the next two years.
However, even if negotiations do restart after the referendum, Germany and others made clear that any talks on a new program would have to start from scratch with different conditions.
The exasperated tone to public comments of European leaders exhausted by the chaotic turnarounds of the past few days offered little hope of a breakthrough....
Market Preview
Singapore market to extend gains, hover above 3,300 level
July 2, 2015 : 8:15 AM
The Singapore market is expected to open higher this morning and hover above the 3,300-point level.
Stocks worldwide rose on Wednesday on signs a resolution of Greece' s debt crisis appeared in hand, but US stocks later dropped from earlier levels after the prime minister called on Greeks to reject a bailout deal with international creditors, according to Reuters.
Stocks worldwide rose on Wednesday on signs a resolution of Greece' s debt crisis appeared in hand, but US stocks later dropped from earlier levels after the prime minister called on Greeks to reject a bailout deal with international creditors, according to Reuters.
The Dow Jones industrial average rose 138.4 points, or 0.79%, to 17,757.91, the S & P 500 gained 14.31 points, or 0.69%, to 2,077.42, and the Nasdaq Composite added 26.26 points, or 0.53%, to 5,013.12.
Here are some stocks and factors that could move the market this morning:
Ascott REIT is acquiring the 411-key Element New York Times Square West hotel located in Midtown Manhattan for US $ 163.5 million ($ 220.7 million).
The accretive acquisition at an EBITDA yield of 6.2% is expected to increase Ascott REIT' s distribution income in FY2014 by US $ 0.8 million, translating to a rise in distribution per unit from 8.44 cents to 8.51 cents on a pro forma basis.
Ascott REIT closed flat at $ 1.29 yesterday.
ST Engineering said Patrick Lee, former group financial controller of subsidiary ST Marine, pleaded guilty to a total of seven charges under section 477A of the Penal Code. He was charged with falsifying accounts on June 10. Earlier during the day, two other former employees of ST Marine, Han Yew Kwang and Tan Mong Seng, were charged in the State Courts of Singapore.
ST Engineering closed at $ 3.29.
Tiong Seng Holdings , the construction group and property developer, has won a $ 277.3 million building contract to develop JTC Space @ Tuas from JTC Corporation.
Tiong Seng closed at 13.6 cents.
Figtree Holdings , the designer and builder of commercial and industrial facilities, has secured a $ 65 million contract to design and build a state-of-the-art logistics hub in Singapore.
Figtree closed at 14.1 cents.
Lippo Malls Indonesia Retail Trust (LMIR Trust) has obtained a $ 200 million term loan facility to refinance existing debt and for working capital and general funding purposes.
LMIRT closed at 36.5 cents.
CFM Holdings, the fabricator of metal-stamped components, is acquiring a 10% stake in Midsouth Camca SA De. CV for $ 500,000.
CFM closed at 7.8 cents.
TIH Limited is investing US $ 1 million in Atlantic Pearl Limited (APL), a company which has been set up solely for the purpose of participating in a deal relating to food manufacturing in Indonesia.
TIH Limited closed at 71.5 cents.
Nasdaq +0.53% 5,013.12 / +26.25
S& P +0.69% 2,077.42 / +14.31
The benchmark S& P 500' s energy sector was dragged down by the biggest slide in oil prices since April after traders were surprised by a report that showed U.S. crude stockpiles rose for the first time in more than two months. [O/R]
Euro zone central bank chiefs kept in place their cap on a funding lifeline to Greece, maintaining pressure as Greece' s lenders run out of cash. The country' s banks have been shut since Monday ahead of a Sunday referendum on the bailout package offered by its international lenders last week.
Finance Minister Yanis Varoufakis said Athens aims to secure a deal Monday and would be willing to accept " strict" conditions in a new bailout package, if the sustainability of Greece' s debt is guaranteed.
Investor hopes for a Greek debt deal, which earlier had helped drive a rally, ebbed during the day, according to Michael Matousek, head trader at U.S. Global Investors Inc in San Antonio.
" Until it' s all said and done they' re just jockeying for position back and forth. The negotiation process still isn' t over," Matousek said.
Many investors were also holding off ahead of Thursday' s scheduled release of the closely watched U.S. non-farm payroll report for June while the three-day weekend celebrating the U.S. July Fourth holiday kept others away, said Brian Fenske, head of sales trading at ITG in New York.
While the market was primarily driven by Greece' s woes, stronger-than-expected jobs and construction data gave stocks some support as did Swiss insurance giant ACE Ltd' s (ACE.N) $28 billion offer for upmarket property insurer Chubb Corp (CB.N).
Chubb' s shares ended up 26 percent to $119.99, making it the second biggest boost for the S& P 500. Rival Travelers Cos Inc (TRV.N) rose 2.7 percent, the biggest driver for the Dow.
U.S. private employers added 237,000 jobs in June, the biggest gain since December, while construction spending rose in May to its highest level in just over 6-1/2 years, reports showed.
The Dow Jones industrial average .DJI rose 138.4 points, or 0.79 percent, to 17,757.91, the S& P 500 .SPX gained 14.31 points, or 0.69 percent, to 2,077.42, and the Nasdaq Composite .IXIC added 26.26 points, or 0.53 percent, to 5,013.12.
The S& P energy sector .SPNY fell 1.3 percent, the only S& P sector in the red on Wednesday. U.S. crude oil futures CLc1 settled down 4.2 percent at $56.96 a barrel. Brent LCOc1 settled off 2.5 percent at $62.01.
Airline stocks tumbled after the U.S. Department of Justice said it was investigating whether some carriers were colluding to keep ticket prices high.
Advancing issues outnumbered declining ones on the NYSE by 1,914 to 1,179, for a 1.62-to-1 ratio on the upside on the Nasdaq, 1,475 issues rose and 1,288 fell for a 1.15-to-1 ratio favoring advancers.
The benchmark S& P 500 index posted 14 new 52-week highs and 22 new lows the Nasdaq Composite recorded 76 new highs and 89 new lows.
About 6.4 billion shares changed hands on U.S. exchanges, below the 7.4 billion average for the last five sessions, according to data from BATS Global Markets.
