Market Close
Singapore shares closed in negative territory
June 16, 2015 : 6:01 PM
Singapore shares ended in the red at the close of trading today, while other bourses across Asia put in a mixed performance.
Notably, mainland Chinese markets tumbled on reports that the launch of the Hong Kong-Shenzhen stock market link is on hold due to technical issues, while China' s securities regulator also posted draft rules that would cap brokerages' margin financing business.
Meanwhile, overnight weakness on Wall Street, as well as a breakdown in negotiations between Greece and its creditors, added to the weak market sentiment.
The Straits Times Index slumped 0.75% to 3,298.09.
Some 1.1 billion shares worth $ 885.3 million changed hands, compared with 1.05 billion shares worth $ 937.1 million yesterday.
Market breadth was negative, with decliners trumping gainers 263 to 151.
DBS Group Holdings , Singtel, Noble Group , Oversea-Chinese Banking Corporation , and United Overseas Bank ended among the most active stocks in the market in terms of value traded.
Among decliners, KrisEnergy fell 3.4%. The oil and gas explorer is planning a $ 169.5 million rights issue to fund further growth. 440.1 million new shares would be issued at 38.5 cents each, on the basis of 42 rights share for every 100 existing shares.
Bucking the market weakness, Ezra Holdings leapt 7%. The offshore services provider announced yesterday that its subsea services division, EMAS AMC, has clinched several contracts of more than US $ 115 million ($ 157 million), including options.
Midas Holdings gained 1.5%. Its JV unit Nanjing SR Puzhen Rail Transport Co. (NPRT) has won several rail contracts worth RMB2.1 billion ($ 455.7 million) from three China-based companies.
Cosco Corporation (Singapore) added 2.1%. The shipbuilder announced that a subsidiary has clinched a contract valued over $ 28 million to build one research vessel, which is expected to be delivered in the fourth quarter of 2017.
a lot of pennies start want to climb liao
Noon MarketSingapore shares remain in the red regional bourses mixed
June 16, 2015 : 12:51 PM
Singapore shares continue to register losses, while other bourses across Asia put in a mixed performance. At 12:19 pm (0419 GMT), the Straits Times Index slipped 0.63% to 3,302.20.
Market breadth was negative, with 187 decliners outnumbering 132 gainers.
The Straits Times Index came off from its intraday peak of 3,311.94 and low of 3,296.44.
Volume amounted to 488.2 million shares worth $ 439 million changing hands.
DBS Group Holdings , Singtel, Noble Group , Oversea-Chinese Banking Corporation , and United Overseas Bank were among the most active stocks in the market.
Among top decliners, Xpress Holdings tumbled 5.9%. The printing company recently posted a 38.5% drop in earnings to $ 144,000 in 3Q15, from $ 234,000 a year ago. It is also currently facing legal action from its creditors.
KrisEnergy fell 2.3%. The oil and gas explorer is planning a $ 169.5 million rights issue to fund further growth. 440.1 million new shares would be issued at 38.5 cents each, on the basis of 42 rights share for every 100 existing shares.
Among top gainers, Mercator Lines surged 5%. The Indian-owned international dry bulk shipping company announced yesterday after market close 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.
Midas Holdings gained 1.5%. Its JV unit Nanjing SR Puzhen Rail Transport Co. (NPRT) has won several rail contracts worth RMB2.1 billion ($ 455.7 million) from three China-based companies.
Cosco Corporation (Singapore) added 2.1%. The shipbuilder announced that a subsidiary has clinched a contract valued over $ 28 million to build one research vessel, which is expected to be delivered in the fourth quarter of 2017.
Stocks that went ex-dividend today included Advanced Holdings Limited .
Noon Market
Singapore shares remain in the red regional bourses mixed
June 16, 2015 : 12:51 PM
Singapore shares continue to register losses, while other bourses across Asia put in a mixed performance. At 12:19 pm (0419 GMT), the Straits Times Index slipped 0.63% to 3,302.20.
Market breadth was negative, with 187 decliners outnumbering 132 gainers.
The Straits Times Index came off from its intraday peak of 3,311.94 and low of 3,296.44.
Volume amounted to 488.2 million shares worth $ 439 million changing hands.
DBS Group Holdings , Singtel, Noble Group , Oversea-Chinese Banking Corporation , and United Overseas Bank were among the most active stocks in the market.
Among top decliners, Xpress Holdings tumbled 5.9%. The printing company recently posted a 38.5% drop in earnings to $ 144,000 in 3Q15, from $ 234,000 a year ago. It is also currently facing legal action from its creditors.
KrisEnergy fell 2.3%. The oil and gas explorer is planning a $ 169.5 million rights issue to fund further growth. 440.1 million new shares would be issued at 38.5 cents each, on the basis of 42 rights share for every 100 existing shares.
Among top gainers, Mercator Lines surged 5%. The Indian-owned international dry bulk shipping company announced yesterday after market close 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.
Midas Holdings gained 1.5%. Its JV unit Nanjing SR Puzhen Rail Transport Co. (NPRT) has won several rail contracts worth RMB2.1 billion ($ 455.7 million) from three China-based companies.
Cosco Corporation (Singapore) added 2.1%. The shipbuilder announced that a subsidiary has clinched a contract valued over $ 28 million to build one research vessel, which is expected to be delivered in the fourth quarter of 2017.
Stocks that went ex-dividend today included Advanced Holdings Limited .
Strong U.S. Dollar....
Ah Mohs go oversea for holidays lor!!!
base on dow weekly chart.... today or tmr likely to rebound 200+ points
Lol, I wish I am missed by girlfriends too. Lol
Peter Pan? No where to be found
All his girlfriends are looking for him too!!!!
He still owes me my 2013 bonus!!!!!
Let me know if you find him ok?????Kakakakaaaaa ..? ? ? ? ? ? ? ? ?
Where is Peter pan? No time no see his posts. The last time I remember he bought lots of China gaoxia
buy on weakness....fed may push back to raise in dec...
Market Preview
Singapore stocks to open lower as Greece talks collapse
June 16, 2015 : 8:24 AM
Singapore stocks are expected to come under selling pressure today.
Most stock markets around the world fell overnight as 11th-hour talks between the near-bankrupt Greece and its creditors collapsed and investors worry about the possibility the country could default.
In US, the Dow Jones industrial average fell 107.67 points, or 0.6%, to 17,791.17, the S & P 500 lost 9.68 points, or 0.46%, to 2,084.43 and the Nasdaq Composite dropped 21.13 points, or 0.42%, to 5,029.97.
On Monday, the Straits Times Index shed 0.92% to 3,323.13, with some 1.05 billion shares worth $ 937.1 million changing hands.
Here are some stocks that could move the market this morning:
Cosco Corporation (Singapore) announced that a subsidiary has clinched a contract valued over $ 28 million to build one research vessel.
Cosco Corp. closed at 48 cents.
KrisEnergy the oil and gas explorer is planning a $ 169.5 million rights issue. It is issuing 440.1 million new shares at 38.5 cents each, on the basis of 42 rights share for every 100 existing shares.
KrisEnergy last traded at 44 cents.
Full Apex Holdings, the loss-making manufacturer of PET bottles in China, is acquiring a 13.61% stake in a company which has production and exploration rights in the Kyrgyz Republic for $ 8.4 million.
Full Apex closed flat at 5.2 cents yesterday.
Midas Holdings ' JV unit Nanjing SR Puzhen Rail Transport Co. (NPRT) has won several rail contracts worth RMB2.1 billion ($ 455.7 million) from three China-based companies.
Midas ended at 34 cents.
Singapore Airlines ' system-wide passenger carriage dropped 4.2% in May from a year ago, but the airline group was propped up by stronger performance from its regional wing SilkAir and low-cost carrier Scoot - SilkAir and Scoot' s passenger carriage grew 10.3% and 12.6% for the same period.
SIA closed at $ 10.59.
Nasdaq -0.42% 5,029.97 / -21.13
S& P -0.46% 2,084.43 / -9.68
Stocks fell on Wall Street on Monday as investors fretted over the consequences of a possible debt default by Greece, but talk of multi-billion dollar healthcare deals buoyed shares in the sector, cutting into the market' s loss.
After Sunday' s breakdown of the cash-for-reform talks between Athens and its creditors, Greece has two weeks before facing a 1.6 billion euro repayment due to the International Monetary Fund that could leave it out of cash. On Monday, positions among negotiators hardened.
Indexes had opened sharply lower on the Greek developments but cut losses through most of the session.
" This market is moving toward the position of an increasing probability that there is going to be a Greek default. That&rsquo s what started us off so badly," said Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont.
" We' ve never had a country part of the euro currency system default, so we don' t really know what the impacts are going to be. Away from the consensus you got to become a little cautious thinking what the derivative reactions are going to be."
The Dow Jones industrial average .DJI fell 107.67 points, or 0.6 percent, to 17,791.17, the S& P 500 .SPX lost 9.68 points, or 0.46 percent, to 2,084.43 and the Nasdaq Composite .IXIC dropped 21.13 points, or 0.42 percent, to 5,029.97.
HEALTHCARE LENDS SUPPORT
Cigna (CI.N) shares jumped as much as 19.4 percent to a record high of $164, buoying the health sector, after the Wall Street Journal reported Cigna rebuffed a takeover offer from rival Anthem Inc (ANTM.N) that valued it at about $45 billion. Cigna closed up 11.7 percent to $153.43.
The WSJ story said UnitedHealth (UNH.N) could be also eyeing deals with Cigna or Aetna (AET.N). UnitedHealth shares rose 1.1 percent to $118.98 and Aetna added 4.4 percent to $121.01. Humana (HUM.N) previously seen as a target from Cigna, fell 2.8 percent to $206.58.
" This is another indication of the growing importance of clout, or better negotiating power, in the healthcare market," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia, which counts Aetna among its largest holdings.
" You' re seeing insurers combine for more power to negotiate with hospitals and pharmaceutical companies."
A deal that was announced involved drugstore operator CVS Health Corp (CVS.N) buying Target' s (TGT.N) pharmacies and clinics. The $1.9 billion deal should help CVS bargain with drugmakers for lower prices. CVS shares edged up 0.4 percent to $102.58 while Target gained 1.2 percent to $80.45.
Shares of United Technologies (UTX.N) weighed the most on the Dow Industrials, down 2.5 percent at $114.61. It said it is exiting the helicopter business and would decide whether to spin off or sell its $8 billion Sikorsky unit, the U.S. military' s largest helicopter maker.
Declining issues outnumbered advancing ones on the NYSE by 1,983 to 1,075, for a 1.84-to-1 ratio on the downside on the Nasdaq, 1,639 issues fell and 1,149 advanced for a 1.43-to-1 ratio favoring decliners.
The S& P 500 posted 5 new 52-week highs and 12 new lows the Nasdaq Composite 98 new highs and 55 new lows.
About 5.84 billion shares changed hands on U.S. exchanges, below the 5.98 billion daily average so far this month, according to BATS Global Markets.
last call to board for market rebound... STI will be green today....long the US.... doubt greece will exit...they will compromise... even worst case happen... its just within greece....it will have no impact on the global economy.... just those creditors but they could just print more $$....
long for dow rebound... fast and furious... 2015 will be the bull run of our life time.... dow 19k to 20k range year end target...
Peter Pan? No where to be found
All his girlfriends are looking for him too!!!!
He still owes me my 2013 bonus!!!!!
Let me know if you find him ok?????
Kakakakaaaaa ..? ? ? ? ? ? ? ? ?
Where is Peter pan? No time no see his posts. The last time I remember he bought lots of China gaoxian
Sista Wan,This morning I did not make Ang Ku Kueh for Ang Moh to eat hot!!!!
I guess is Peter Pan made for them!!!
Kakakakakakaaaaaaa
Where is Peter pan? No time no see his posts. The last time I remember he bought lots of China gaoxian
Sista Wan,This morning I did not make Ang Ku Kueh for Ang Moh to eat hot!!!!
I guess is Peter Pan made for them!!!
Kakakakakakaaaaaaa
