yippee....last day fr mr bonker....lol
If the bankers know for sure, Greece is exiting, they might push up every single stock and in the afternoon, sell and short them down. Beware of what you are getting into and decide your exit point before you get in.
Window dressing.....
Market PreviewSingapore stocks to open lower as Greece looks likely to default
June 30, 2015 : 8:23 AM
Singapore stocks are expected to open lower this morning as Greece veered toward a default on its debt.
Greece will not pay a 1.6 billon euro loan installment due the International Monetary Fund on Tuesday, a Greek government official told Reuters, and the European Central Bank froze funding to Greek banks, forcing Athens to shut them for a week to prevent them from collapsing.
US stocks added to a global selloff on Monday. The Dow Jones industrial average fell 350.33 points, or 1.95%, to 17,596.35, the S & P 500 lost 43.85 points, or 2.09%, to 2,057.64 and the Nasdaq Composite dropped 122.04 points, or 2.4% , to 4,958.47.
Here are some stocks and factors that could move the market this morning:
The manager of IREIT Global, which invests in a portfolio of office real properties in Europe, has agreed to acquire a property in Berlin for 144.2 million euros ($ 217.7 million).
It is planning to raise gross proceeds of $ 88.7 million through a renounceable rights issue of 189.6 million new units at 46.8 cents.
IREIT closed 0.5 cent higher at 80.5 cents yesterday.
OUE Commerical REIT is planning to issue some 393.3 million new units in the rights issue to help fund its proposed acquisition of an indirect interest in One Raffles Place from sponsor OUE Limited.
Unitholders of OUE C-REIT will be able to subscribe to nine new units at 55.5 cents each for every 20 units held.
OUE C-REIT closed 81 cents yesterday.
ARA Trust Management (Suntec), the manager of Suntec REIT, has agreed to sell Park Mall for $ 411.8 million.
In conjunction with the divestment, Park Mall Investment, a joint venture company of which Suntec REIT has a 30% interest, has been set up to redevelop Park Mall into a commercial development comprising two office blocks with an ancillary retail component.
Suntec REIT closed at $ 1.71 yesterday.
Del Monte Pacific, the producer and distributor of food and beverage products, posted a net loss of US $ 14.1 million ($ 19.03 million) in its fourth quarter ended April 30.
Del Monte Pacific closed 1.5 cents lower at 34 cents today.
XMH Holdings, the diesel engine, propulsion and power generating solution provider, closed 4Q15 with a net profit of $ 0.6 million compared to a loss of $ 1.7 million a year ago despite a challenging business environment.
XMH closed at 19.5 cents yesterday.
Novo Group, the steel trader and tinplate manufacturer and processor, saw its 4Q losses widen to US $ 11.3 million ($ 15.2 million) from US $ 6.5 million a year ago as revenue dropped nearly 70% to US $ 22.3 million.
For the full year ended April, losses widened to US $ 20.6 million from US $ 13.2 million as revenue fell 8.8% to US $ 249 million.
Novo last closed at 29 cents.
Market Preview
Singapore stocks to open lower as Greece looks likely to default
June 30, 2015 : 8:23 AM
Singapore stocks are expected to open lower this morning as Greece veered toward a default on its debt.
Greece will not pay a 1.6 billon euro loan installment due the International Monetary Fund on Tuesday, a Greek government official told Reuters, and the European Central Bank froze funding to Greek banks, forcing Athens to shut them for a week to prevent them from collapsing.
US stocks added to a global selloff on Monday. The Dow Jones industrial average fell 350.33 points, or 1.95%, to 17,596.35, the S & P 500 lost 43.85 points, or 2.09%, to 2,057.64 and the Nasdaq Composite dropped 122.04 points, or 2.4% , to 4,958.47.
Here are some stocks and factors that could move the market this morning:
The manager of IREIT Global, which invests in a portfolio of office real properties in Europe, has agreed to acquire a property in Berlin for 144.2 million euros ($ 217.7 million).
It is planning to raise gross proceeds of $ 88.7 million through a renounceable rights issue of 189.6 million new units at 46.8 cents.
IREIT closed 0.5 cent higher at 80.5 cents yesterday.
OUE Commerical REIT is planning to issue some 393.3 million new units in the rights issue to help fund its proposed acquisition of an indirect interest in One Raffles Place from sponsor OUE Limited.
Unitholders of OUE C-REIT will be able to subscribe to nine new units at 55.5 cents each for every 20 units held.
OUE C-REIT closed 81 cents yesterday.
ARA Trust Management (Suntec), the manager of Suntec REIT, has agreed to sell Park Mall for $ 411.8 million.
In conjunction with the divestment, Park Mall Investment, a joint venture company of which Suntec REIT has a 30% interest, has been set up to redevelop Park Mall into a commercial development comprising two office blocks with an ancillary retail component.
Suntec REIT closed at $ 1.71 yesterday.
Del Monte Pacific, the producer and distributor of food and beverage products, posted a net loss of US $ 14.1 million ($ 19.03 million) in its fourth quarter ended April 30.
Del Monte Pacific closed 1.5 cents lower at 34 cents today.
XMH Holdings, the diesel engine, propulsion and power generating solution provider, closed 4Q15 with a net profit of $ 0.6 million compared to a loss of $ 1.7 million a year ago despite a challenging business environment.
XMH closed at 19.5 cents yesterday.
Novo Group, the steel trader and tinplate manufacturer and processor, saw its 4Q losses widen to US $ 11.3 million ($ 15.2 million) from US $ 6.5 million a year ago as revenue dropped nearly 70% to US $ 22.3 million.
For the full year ended April, losses widened to US $ 20.6 million from US $ 13.2 million as revenue fell 8.8% to US $ 249 million.
Novo last closed at 29 cents.
旁 观 者 清 ！
rememeber this world.
sometime u think is the end of the world.. but result turn out.. you r wrong.
In line with durian season. Take your time and smell.
in hokkien "倒 直 直 " but morning US futures is green.... greece is a small country and has been isolated...shouldnt have much impact.... US is on track for 19k this year end.....i see weakness to buy.
In line with durian season. Take your time and smell.
in hokkien "倒 直 直 " but morning US futures is green.... greece is a small country and has been isolated...shouldnt have much impact.... US is on track for 19k this year end.....i see weakness to buy..
Being optimistic is good, ?
<br/
in hokkien "倒 直 直 " but morning US futures is green.... greece is a small country and has been isolated...shouldnt have much impact.... US is on track for 19k this year end.....i see weakness to buy..
Being optimistic is good, ?
long US may close flat or higher tonight
Dow -1.95% 17,596.35 / -350.33
Nasdaq -2.40% 4,958.47 / -122.04
S& P -2.09% 2,057.64 / -43.85
Wall St. tumbles as investors flee equities on Greek debt crisis
U.S. stocks fell sharply in heavy trading on Monday and the S& P 500 and the Dow had their worst day since October after a collapse in Greek bailout talks intensified fears that the country could be the first to exit the euro zone.
The European Central Bank froze funding to Greek banks, forcing Athens to shut banks for a week to keep them from collapsing.
And Greece appeared to confirm it was heading for a default after a government official said the country would not pay a 1.6 billon euro loan installment due to the International Monetary Fund on Tuesday.
U.S. investors also worried about Puerto Rico' s debt problems and a bear market in China the day before quarter-end and ahead of Thursday' s U.S. jobs report and the long weekend for U.S. Independence Day.
" None of that bodes well for people stepping in and buying the dips as has been the mentality most of the year," Michael James, managing director of equity trading at Wedbush Securities in Los Angeles who said U.S. shares could fall again Tuesday.
" Could that reverse itself tomorrow? It' s going to take a lot of good news from Greece," he said noting that portfolio managers would not want to show risky equities on their books at the end of the second quarter.
The S& P and Dow Jones Industrial Average .DJI had their worst days since Oct. 9 and both turned slightly negative for the year to date. The last annual decline for both indexes was 2008. The Nasdaq had its biggest one-day percentage decline on Monday since March 25.
Volatility rose sharply and all 10 S& P sectors retreated while the Global X FTSE Greece exchange-traded fund (GREK.K), which tracks the Athens stock market, fell 20 percent. In Europe, the blue-chip Euro STOXX 50 index .STOXX50E had suffered its biggest one-day fall since 2011.
" There is no mechanism to be ejected from the European Union. This has never happened before," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago. " When you don' t know what could happen you sell. You get on the sidelines."
While the Greek economy is small and most U.S. corporations have limited direct exposure, investors are concerned about the fallout across Europe if Greece exits the euro zone.
A snap Reuters poll of economists and traders found a median 45 percent probability that Greece would leave the euro zone.
Chinese stocks had closed sharply lower after a volatile day of trading despite surprise monetary easing by the central bank.
On top of this, U.S. territory Puerto Rico faces a restructuring of its $73 billion debt burden.
The Dow Jones industrial average .DJI fell 350.33 points, or 1.95 percent, to 17,596.35, the S& P 500 .SPX lost 43.85 points, or 2.09 percent, to 2,057.64 and the Nasdaq Composite .IXIC dropped 122.04 points, or 2.4 percent, to 4,958.47.
The CBOE Volatility index .VIX, a measure of the premium traders are willing to pay for protection against a drop in the S& P 500, jumped 34.5 percent to 18.86, its highest level in almost five months.
Financials .SPSY was the worst S& P sector with a 2.44 percent decline. U.S. banks have an exposure to $12.7 billion of Greek debt.
JPMorgan Chase (JPM.N), down 2.5 percent, was the biggest drag on the S& P financial sector followed by Wells Fargo (WFC.N), down 2.4 percent. Goldman Sachs (GS.N) weighed the most on the Dow with a 2.6 percent decline.
Assured Guaranty (AGO.N) fell 13.3 percent and MBIA Inc (MBI.N) fell more than 23.4 percent after BTIG downgraded the insurers on concerns over Puerto Rico' s debts.
Declining issues outnumbered advancing ones on the NYSE by 2,874 to 282, for a 10.19-to-1 ratio on the downside on the Nasdaq, 2,469 issues fell and 367 advanced for a 6.73-to-1 ratio favoring decliners.
The benchmark S& P 500 index was posting 2 new 52-week highs and 25 new lows the Nasdaq Composite was recording 48 new highs and 126 new lows.
About 7.3 billion shares changed hands on U.S. exchanges, compared with the 6.3 billion average for the month-to-date, according to data from BATS Global Markets.
long US may close flat or higher tonight
Market Close
Singapore shares closed weaker on Greece and China woes
June 29, 2015 : 6:29 PM
Singapore shares ended weaker today in line with most other Asian bourses after Greece hovered on the periphery of default.
Meanwhile, mainland Chinese markets extended their rout despite implementing a 25 basis-point cut in its benchmark lending rate, as well as a 50 basis-point reduction in reserve-requirement ratios for some lenders.
The Straits Times Index fell 1.23% to 3,280.18.
Some 1.26 billion shares worth $1.02 billion changed hands, compared with 1.18 billion shares worth $925.7 million last Friday.
Market breadth was negative, with decliners outpacing gainers 391 to 93.
Singapore Telecommunications, DBS Group Holdings , Oversea-Chinese Banking Corporation , Global Logistic Properties , and United Overseas Bank ended among the most active stocks in the market in terms of value traded.
Among decliners, Otto Marine slumped 3.2% to 3 cents. This was despite the builder and charterer of offshore support vessels having announced that it has secured new orders worth US$131 million ($178 million) in 2QFY2015.
Yamada Green Resources fell 1.8% to 10.8 cents. The shiitake mushrooms supplier' s wholly owned subsidiary Zhangping Fengwang Agricultural Products Co. has terminated the lease agreements with eight separate village committees in relation to eucalyptus plantations.
Genting Singapore PLC slipped 1.1% to 90 cents. The gaming and integrated resort development company announced that Palomino Sun (UK) Limited, its indirect wholly-owned subsidiary incorporated in the United Kingdom, was placed under members' voluntary liquidation.
Among top gainers, MS Holdings climbed 20% to 24 cents. This is in spite of the crane rental company reporting last Friday that FY2015 net profit fell 37.5% to $2 million from $3.2 million a year ago, hit by depreciation expenses and one-off IPO related expenses.
mm2 Asia leapt 12.1% to 51 cents. The producer of movies and TV/online content has entered into a convertible note subscription agreement with Phillip Asia Pacific Opportunity Fund to buy up to $2.875 million of convertible notes due 30 June 2017.
Ascendas Hospitality Trust traded flat at 70 cents. The hospitality-focused stapled group' s manager announced that the divestment of Pullman Cairns International has been completed today.
