Dow and friends are having a wild party tonight....
Hopefully the party continue to our side in the next 8 hours....
Aunties uncles..... are you reaaaaddddddeeeeeeeeeeeh?????? 😀
Wow Dow is dancing ah go go....no more sick....
Market Close
Singapore market ends in losses
June 18, 2015 : 6:16 PM
Singapore shares registered losses at the close of trading today, despite Wall Street ending higher overnight.
The Straits Times Index declined 0.77% to 3,300.42.
Some 1.11 billion shares worth $ 866.5 million changed hands, compared with 1.38 billion shares worth $ 1.27 billion yesterday.
In a rate-setting meeting, the US Federal Reserve overnight maintained its benchmark interest rate near zero, while downgrading its economic growth forecast to between 1.8% and 2% this year. The central bank also indicated that it is on track to raise interest rates this year, but subsequent increases would be more measured.
Market breadth was negative, with decliners trouncing gainers 241 to 180.
Singtel, DBS Group Holdings , Oversea-Chinese Banking Corporation , Capitaland and Ezion were among the most active stocks in the market in terms of value traded.
Among top decliners, CH Offshore tumbled 16.2% to close at 49 cents. The offshore services provider went ex-dividend today with a one-tier dividend of 9 cents per share.
United Engineers slipped 1.2%. The engineering, construction and property services company uncovered forged quotations for proposed contracts between 2010 and 2015. Certain employees from subsidiary United Engineers Developments who were involved have since been suspended.
Among top gainers, Magnus Energy jumped 71.4%. The company, which engages in oil and gas equipment distribution, was queried by the Singapore Exchange with regards to unusual trading activity in its shares.
Ezion gained 3.4% in active trading, after Netherlands-based oil and gas firm Atlantic Marine Services BV (AMS) withdrew its lawsuit against the company. Atlantic Marine previously accused Ezion of inducing an AP Moeller-Maersk unit to breach charter agreements.
ST Engineering added 0.3%. The integrated engineering group' s aerospace arm signed agreements with Airbus Defence and Space GmbH (Airbus) and Elbe Flugzeugwerke GmbH (EFW) to launch the A320 / A321 passenger-to-freighter (P2F) conversion programme.
Eurozone indices recovering from falls in early trades while Dow Jones Future in the Green. Athen's index moderately unchanged.
Hope this will ignite some recovery in SG stocks. Today across the board pretty moody
Noon Market
Singapore shares continue to trade weaker
June 18, 2015 : 1:08 PM
Singapore shares remained in negative territory, while other Asian stock markets yet again put in a mixed performance.
At 12:16 pm (0416 GMT), the Straits Times Index dipped 0.44% to 3,311.15.
Market breadth turned negative, with 183 decliners outnumbering 148 gainers.
The Straits Times Index came off from its intraday peak of 3,326.05 and low of 3,309.27.
Volume amounted to 511.7 million shares worth $ 380.3 million changing hands.
Singapore Telecommunications, Ezion Holdings , Oversea-Chinese Banking Corporation , United Overseas Bank , and DBS Group Holdings were among the most active stocks in the market.
Magnus Energy jumped 34.3%. The company, which engages in oil and gas equipment distribution, was queried by the Singapore Exchange with regards to unusual trading activity in its shares.
Ezion Holdings surged 4.4% in active trading, after Netherlands-based oil and gas firm Atlantic Marine Services BV (AMS) withdrew its lawsuit against it. Atlantic Marine last month filed a suit against Ezion, accusing the offshore services group of a conspiracy to induce an AP Moeller-Maersk unit to breach charter agreements.
United Overseas Bank inched up 0.3%. The banking group' s chairman emeritus and adviser Wee Cho Yaw has bought some $ 6.16 million worth of its shares from the open market.
ST Engineering added 0.3%. The integrated engineering group' s aerospace arm, ST Aerospace, has signed agreements with Airbus Defence and Space GmbH (Airbus) and Elbe Flugzeugwerke GmbH (EFW) to launch the A320 / A321 passenger-to-freighter (P2F) conversion programme.
United Engineers slipped 0.8%. The engineering, construction and property services company has uncovered forged quotations for proposed contracts between 2010 and 2015. Certain employees from subsidiary United Engineers Developments found involved have since been suspended and reports made to the relevant authorities .
Stocks that went ex-dividend today included CH Offshore , which saw a 16.2% tumble in its shares to 49 cents.
market is still buy on weakness.... greek issue still have time.... and to me still unlikely any major crisis to happen..it is already contained
US likely to turn positive tonight...
Market Preview
Singapore market to open higher as Fed signals gradual tightening
June 18, 2015 : 8:08 AM
Singapore stocks could open higher after US stocks rose, the dollar fell and Treasuries erased losses as the Federal Reserve signalled the pace of monetary-policy tightening will be gradual even as the central bank prepares to raise interest rates this year.
The Dow Jones industrial average rose 30.66 points, or 0.17%, to 17,935.14, the S & P 500 gained 4.11 points, or 0.2%, to 2,100.4 and the Nasdaq Composite added 9.33 points, or 0.18%, to 5,064.88. The S & P 500 seesawed between a loss of 0.35% and a gain of 0.5% throughout the session.
Yesterday, the Straits Times Index gained 0.84% to 3,325.91 with some 1.38 billion shares changing hands. Gainers outnumbered decliners 288 to 137.
Here are some stocks that could move the market this morning:
Frasers Centrepoint said one of its units has bought UK boutique hotel operator MHDV Holdings, which owns two brands - Malmaison and Hotel du Vin - with 29 upscale boutique hotels in 25 cities in Britain, for 363.4 million pounds ($ 764 million).
Frasers Centrepoint closed at $ 1.80 yesterday.
United Engineers has uncovered forged quotations for proposed contracts between 2010 and 2015. Certain employees from subsidiary United Engineers Developments found involved have since been suspended and reports made to the relevant authorities.
UE closed unchanged at $ 2.57.
ST Engineering' s aerospace arm, ST Aerospace, has signed agreements with Airbus Defence and Space GmbH (Airbus) and Elbe Flugzeugwerke GmbH (EFW) to launch the A320 / A321 passenger-to-freighter (P2F) conversion programme.
ST Engineering closed at $ 3.28.
Construction company Logistics Holdings won a $ 13.8 million contract to renovate six existing conserved buildings as well as other infrastructure works within the Seletar Aerospace Park.
Logistics Holdings last traded at 30 cents.
Netherlands-based oil and gas firm Atlantic Marine Services BV (AMS) has withdrawn its lawsuit against Ezion Holdings . Atlantic Marine last month filed a suit against Ezion, accusing the group of a conspiracy to induce an AP Moeller-Maersk unit to breach charter agreements.
Ezion closed at $ 1.02.
Wee Cho Yaw, chairman emeritus and adviser of United Overseas Bank , has bought some $ 6.16 million worth of the bank' s shares from the open market.
UOB shares closed at $ 22.99.
Nasdaq + 0.18% 5,064.88 / +9.33
&bull S & P + 0.20% 2,100.44 / +4.15
The Fed has said it would first raise rates when it deems the economy strong enough to handle it, and on Wednesday said the economy was likely strong enough to support a rate hike by the end of the year. The U.S. central bank also lowered expectations for 2015 economic growth.
Analysts are torn on whether the first rate hike in about 10 years will occur in September or December, but some took Yellen' s comments to imply it could be December.
The U.S. dollar index, which measures the greenback against a basket of currencies, .DXY sank 0.8 percent. The benchmark 10-year U.S. Treasury note US10YT=RR rose 1/32 in price, pushing the yield down to 2.3111 percent.
The Dow Jones industrial average .DJI rose 30.66 points, or 0.17 percent, to 17,935.14, the S& P 500 .SPX gained 4.11 points, or 0.2 percent, to 2,100.4 and the Nasdaq Composite .IXIC added 9.33 points, or 0.18 percent, to 5,064.88. The S& P 500 seesawed between a loss of 0.35 percent and a gain of 0.5 percent throughout the session.
" People have been expecting a rate hike to come, and the market is ready for that. At the same time, we' re also still worried about Greece," said Wayne Kaufman, chief market analyst at Phoenix Financial Services in New York.
Investors fretted about potential fallout if Greece cannot avoid a default on IMF loans, resulting in the country leaving the euro or the European Union.
The MSCI International ACWI Price Index .MIWD00000PUS rose 0.3 percent on the day.
Euro zone finance ministers are due to meet on Thursday, but there was talk of plans being put in place for another emergency summit over Greece at the weekend.
The pan-European FTSEurofirst 300 index .FTEU3 closed down 0.5 percent. The euro EUR= rose 0.8 percent to $1.1341.
U.S. crude futures CLc1 fell 0.2 percent to $59.86, while Brent crude LCOc1 rose 0.1 percent to $63.78 per barrel. Oil trading was volatile after government data showed a surprise gasoline inventory build last week, even as production eased. [O/R]
Gold prices XAU= rose 0.4 percent, while silver XAG= rose 0.8 percent. Copper CMCU3 was down less than 0.1 percent, after falling more than 1 percent both Monday and Tuesday.
Market Close
Singapore market ends positive
June 17, 2015 : 6:15 PM
Singapore shares held on to their gains at the close today.
The Straits Times Index gained 0.84% to 3,325.91.
Some 1.38 billion shares worth $ 1.27 billion changed hands, compared with 1.1 billion shares worth $ 885.3 million yesterday.
Market breadth was positive, with gainers outpacing decliners 288 to 137.
Singapore Telecommunications, DBS Group Holdings , Noble Group , Oversea-Chinese Banking Corporation , and United Overseas Bank ended among the most active stocks in the market in terms of value traded .
Mercator Lines (Singapore) leapt 5%. The Indian-owned international dry bulk shipping company recently announced that it has secured a long-term charter for its gearless Kamsarmax to Clearlake Shipping for a period of 12 to 16 months at US $ 7,050 per day.
Rex International gained 2%. The oil exploration company' s jointly-controlled entity Lime Petroleum Norway AS will begin drilling activities at the Haribo prospect in PL616 in the North Sea this month.
Singapore Post rose 1.9%. The postal and e-commerce logistic solutions provider has invested A $ 4.3 million ($ 4.6 million) in cash for a 30% stake in Australian e-commerce company Hubbed Holdings Pty Ltd.
Singapore eDevelopment climbed 1.2%. The property development and technology firm is selling 15 million new shares, or nearly 5% of the enlarged share capital of the company, at 8.1 cents each to investor Ben Fan to raise $ 1.2 million.
ST Engineering added 0.6%. The diversified engineering group' s aerospace unit has won a seven-year contract worth more than $ 134.8 million for aircraft component support with Flybe.
Keppel Corp ended flat at $ 8.50. The conglomerate' s majority-owned unit Ocean Mineral Singapore announced it has entered into a 15-year contract with the International Seabed Authority (ISA) to explore polymetallic nodules within the Clarion-Clipperton Fracture Zone of the Pacific Ocean.
all pennie macam want wake up liao
Noon MarketSingapore shares head north
June 17, 2015 : 1:15 PM
Singapore shares stayed in positive territory, while other Asian stock markets came in mixed. Notably, mainland Chinese shares continued to post further losses today.
At 12:43 pm (0443 GMT), the Straits Times Index gained 1.06% to 3,333.11.
Market breadth was positive, with 243 gainers outnumbering 108 decliners.
The Straits Times Index came off from its intraday peak of 3,339.07 and low of 3,311.80.
Volume amounted to 714.8 million shares worth $ 612.3 million changing hands.
Singapore Telecommunications, DBS Group Holdings , Oversea-Chinese Banking Corporation , Noble Group , and United Overseas Bank were among the most active stocks in the market.
Rex International gained 2%. The oil exploration company' s jointly-controlled entity Lime Petroleum Norway AS will begin drilling activities at the Haribo prospect in PL616 in the North Sea this month.
ST Engineering added 0.6%. The diversified engineering group' s aerospace unit has won a seven-year contract worth more than $ 134.8 million for aircraft component support with Flybe.
Singapore Post rose 1.3%. The postal and e-commerce logistic solutions provider has invested A $ 4.3 million ($ 4.6 million) in cash for a 30% stake in Australian e-commerce company Hubbed Holdings Pty Ltd.
Keppel Corp rose 0.1%. The conglomerate' s majority-owned unit Ocean Mineral Singapore announced it has entered into a 15-year contract with the International Seabed Authority (ISA) to explore polymetallic nodules within the Clarion-Clipperton Fracture Zone of the Pacific Ocean.
Singapore eDevelopment last traded at 8.3 cents yesterday. The property development and technology firm is selling 15 million new shares, or nearly 5% of the enlarged share capital of the company, at 8.1 cents each to investor Ben Fan to raise $ 1.2 million.
Stocks that went ex-dividend today included Genting Hong Kong Limited and Asian Pay Television Trust .
Noon Market
Singapore shares head north
June 17, 2015 : 1:15 PM
Singapore shares stayed in positive territory, while other Asian stock markets came in mixed. Notably, mainland Chinese shares continued to post further losses today.
At 12:43 pm (0443 GMT), the Straits Times Index gained 1.06% to 3,333.11.
Market breadth was positive, with 243 gainers outnumbering 108 decliners.
The Straits Times Index came off from its intraday peak of 3,339.07 and low of 3,311.80.
Volume amounted to 714.8 million shares worth $ 612.3 million changing hands.
Singapore Telecommunications, DBS Group Holdings , Oversea-Chinese Banking Corporation , Noble Group , and United Overseas Bank were among the most active stocks in the market.
Rex International gained 2%. The oil exploration company' s jointly-controlled entity Lime Petroleum Norway AS will begin drilling activities at the Haribo prospect in PL616 in the North Sea this month.
ST Engineering added 0.6%. The diversified engineering group' s aerospace unit has won a seven-year contract worth more than $ 134.8 million for aircraft component support with Flybe.
Singapore Post rose 1.3%. The postal and e-commerce logistic solutions provider has invested A $ 4.3 million ($ 4.6 million) in cash for a 30% stake in Australian e-commerce company Hubbed Holdings Pty Ltd.
Keppel Corp rose 0.1%. The conglomerate' s majority-owned unit Ocean Mineral Singapore announced it has entered into a 15-year contract with the International Seabed Authority (ISA) to explore polymetallic nodules within the Clarion-Clipperton Fracture Zone of the Pacific Ocean.
Singapore eDevelopment last traded at 8.3 cents yesterday. The property development and technology firm is selling 15 million new shares, or nearly 5% of the enlarged share capital of the company, at 8.1 cents each to investor Ben Fan to raise $ 1.2 million.
Stocks that went ex-dividend today included Genting Hong Kong Limited and Asian Pay Television Trust .
Some times when I read the market outlook view in Straits Times' Money page, I vomit blood.
This morning the summary mentioned that STi was down again as Greece's issue will have great impact to the Singapore economy. As those Singapore's economy is inter-dependent on Greece to survive.
That goes to show other issues also overblown to bring down the share prices in Singapore, like when Dow Jones/HSI/SSE suffering big falls, STi's falls in tantrum to these big exchanges.
Market Preview
Singapore seen to open higher on hopes Fed won' t rush hike
June 17, 2015 : 8:23 AM
Singapore stocks may open higher this morning.
US stocks rose for the first time in three days and Treasuries advanced on speculation the Federal Reserve will not rush to raise interest rates amid uncertainty over Greece' s future in the euro. European equities rebounded from a four-month low, while crude oil rallied.
The Dow Jones Industrial Average gained 113.31 points or 0.64% to 17,904.48. The broad-based S & P 500 rose 11.86 or 0.57% to 2,096.29, while the tech-rich Nasdaq Composite Index advanced 25.58 or 0.51% to 5,055.55.
On Tuesday, the Straits Times Index fell 0.75% to 3,298.09 as 1.1 billion shares valued at $ 885.3 million changed hands.
Here are some stocks that could move the market this morning:
Singapore eDevelopment, the property developer and technology firm, is selling 15 million new shares, or nearly 5% of the enlarges share capital of the company, at 8.1 cents each to investor Ben Fan to raise $ 1.2 million.
SeD closed at 8.3 cents yesterday.
Lime Petroleum Norway AS, the jointly-controlled entity of Rex International, will begin drilling activities at the Haribo prospect in PL616 in the North Sea this month.
Rex closed at 25.5 cents.
ST Engineering' s aerospace unit has won a seven-year contract worth more than $ 134.8 million for aircraft component support with Flybe.
ST Engineering closed at $ 3.26.
Ocean Mineral Singapore, majority-owned by Keppel Corp , announced it has entered into a 15-year contract with the International Seabed Authority (ISA) to explore polymetallic nodules within the Clarion-Clipperton Fracture Zone of the Pacific Ocean.
Keppel closed at $ 8.50.
Nasdaq +0.51% 5,055.55 / +25.58
S& P +0.57% 2,096.29 / +11.86
U.S. stocks rose on Tuesday following back-to-back daily declines, with merger activity more than offsetting market concerns as Greece struggles to avoid a default on its debt.
Traders also kept an eye on interest rates as a two-day policy-setting meeting at the Federal Reserve got under way.
Despite the collapse of talks between Athens and its European and IMF lenders over the weekend, Greek Prime Minister Alexis Tsipras told U.S. Treasury Secretary Jack Lew that Athens aimed to reach a deal. Lew said failure to reach an agreement would create broad uncertainties for the global economy
" The market seems to be pricing in a possibility, overpricing, a Greece exit," said Art Hogan, chief market strategist at Wunderlich Securities in New York.
He said he does not expect a surprise to the market from the Fed in terms of a rate hike, or from a Greek default.
" Financials have been leading and dividend payers have sold off. That trade probably unwinds if there is a surprise," he said.
The Dow Jones industrial average .DJI rose 113.31 points, or 0.64 percent, to 17,904.48, the S& P 500 .SPX gained 11.86 points, or 0.57 percent, to 2,096.29 and the Nasdaq Composite .IXIC added 25.58 points, or 0.51 percent, to 5,055.55.
Stocks had opened lower but quickly turned higher and drifted up throughout the day to close near the session' s high.
Consumer staples lead the way up, with Coty (COTY.N) shares at a record, closing up 19.3 percent at $31.08. Coty is on track to buy Procter & Gamble' s (PG.N) beauty business in a $12 billion deal. P& G shares closed up 1.3 percent at $79.10.
In other merger news, shares of NCR Corp (NCR.N) hit a 14-month high of $36.50. Reuters reported Blackstone (BX.N) and Carlyle (CG.O) are making a joint bid for NCR in what would be the year' s biggest leveraged buyout at more than $10 billion, including debt. NCR closed up 10.7 percent at $34.73 while Blackstone fell 0.6 percent to $41.98 and Carlyle rose 0.8 percent to $28.41.
The chance that the Fed Wednesday will give more clarity on the timing of its expected rate hike was seen as a catalyst for more takeover deals.
" Rising rates could be a trigger for even more M& A activity," said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in Menomonee Falls, Wisconsin.
" They are a signal that now' s the time to get the deals done if you are going to do them with cheap financing."
Advancing issues outnumbered declining ones on the NYSE by 1,946 to 1,104, for a 1.76-to-1 ratio on the upside on the Nasdaq, 1,635 issues rose and 1,158 fell for a 1.41-to-1 ratio favoring advancers.
The benchmark S& P 500 index posted 8 new 52-week highs and 4 new lows while on the Nasdaq Composite there were 138 new highs and 37 new lows.
About 5.5 billion shares changed hands on U.S. exchanges, below the 5.98 billion daily average so far this month, according to BATS Global Markets.
