Stocks To Watch
OUE-HT, Rickmers Maritime, Swiber, Ley Choon, Baker Tech, Top Global, iX Biopharma
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Symbol
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Name
|
Price
|
Change
|
%Change
|
|
|---|---|---|---|---|---|
| DJIA | Dow Industrials | 18142.42 |
|
-18.77 | -0.10% |
| S& P 500 | S& P 500 Index | 2126.15 |
|
-0.26 | -0.01% |
| NASDAQ | NASDAQ Composite | 5189.13 |
|
-0.97 | -0.02% |
Stocks slide in October US election in focus
U.S. equities closed around breakeven on Monday, after gyrating on slight gains and losses as an investigation into new Hillary Clinton emails kept investors on edge.
The Dow Jones industrial average closed about 20 points lower, with Goldman Sachs contributing the most gains and Nike the most losses. The index also posted its narrowest single-day trading range since September 7 and the third-narrowest of 2016.
" Punch drunk from the highly unanticipated Brexit outcome, institutional investors will take a wait and see approach until they have more clarity on how the balance of power in Washington will settle," said Jeremy Klein, chief market strategist at FBN Securities.
That said, Raymond James Chief Investment Strategist Jeffrey Saut said he still expects stocks to end the year at all-time highs. " Fundamentals have changed. GDP has come in better than expected and ... earnings have improved," he said. Added that stocks were not trading much more lower on Monday because Clinton is " still the odds-on-favorite" to win.
The U.S. economy grew 2.9 percent in the third quarter, according to Commerce Department data released Friday.
U.S. stock futures rose slightly before the bell, as investors parsed through corporate earnings, a merger announcement between Baker Hughes and General Electric, and economic data.
" We think the energy market is becoming more attractive, and GE seems to think so as well," said Chuck Self, CIO at iSectors. " If you see oil prices picking up again, then we think energy could become a pretty attractive trade.
U.S. crude fell 3.78 percent to settle at $ 46.86 per barrel as non-OPEC countries have yet to commit to any output limitations.
" The problem for OPEC is what number should they use when they are talking about production freeze from other countries, should this be audited number or external third party number?" Said Naeem Aslam, chief market analyst at Think Markets. Will have to wait until their meeting and hope will be their only friend until then if they want to see supply cut.
The Fed is scheduled to hold a two-day meeting starting Tuesday, where it is largely expected to keep monetary policy unchanged.
Gold futures for December delivery fell $ 3.70 to settle at $ 1,273.10 per ounce.
Read more ...
Singapore identifying measures to help struggling marine sector
The Singapore government is considering whether to help the city-state' s marine and offshore engineering (M & OE) sector, which is facing a prolonged downturn due to the slump in the oil market, the trade and industry minister said on Monday.
" The government is studying, in consultation with the M & OE industry and financial institutions, the need for measures for the sector," S Iswaran said in a speech.
" However, while the government will endeavor to render assistance where appropriate, it can not be a panacea."
He did not elaborate what future steps might be, but that companies can also tap on measures that are already in place, such as government-backed loans that help small businesses deal with cash flow concerns and financing needs.
The government is also investing S $ 107 million to help develop a new research center for the industry, he said.
Several companies in Singapore, a hub for shipbuilding and offshore support firms, have been hit by the almost two-year rout in oil prices and a slowing economy. Among those, oil services firm Swiber Holdings went into judicial management this month.
The weak growth outlook has prompted analyst expectations of more government stimulus for the economy.
REUTERS
Straits Times Index
2,813.87 -0.08%-2.39▼
| Volume: | 1,194.1M | ||
| Value: | $977.8M | ||
| Gainers/Losers: | 179/189 | ||
Singapore shares close marginally weaker
The Straits Times Index drifted to a 2.39-point loss at 2,813.87 on Monday, the last day of October. Possibly thanks to month-ending " portfolio rebalancing ' ' , turnover generally to 1.2 billion units worth S $ 978 million - still below the ballpark S $ 1 billion industry breakeven point but nonetheless an improvement over last week' s S $ 770 million average. Excluding warrants there were 179 rising versus 189 falls, indicating a mixed session.
Over in Hong Kong, the Hang Seng Index turned slightly weaker whilst the Dow futures rose about 40 points in Asian trading but lost about half of this by 5pm.
Among local blue chips, DBS reported Q3 net profit of S $ 1.07 billion, unchanged from a year earlier and marginally better than the S $ 1.04 billion thatriers had expected. Its shares ended S $ 0.10 higher at S $ 15 on volume of 5.1 million.
Elsewhere in the sector, shares of UOB ended S $ 0.15 higher at S $ 18.78 with 3.5 million traded. In reviewing the bank' s latest results, RB said it remains " neutral ' ' on the stock as it forecasts a rise in non- Set a target price of S $ 18.90 for UOB.
Dow future up 38 points
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Symbol
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Name
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Price
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Change
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%Change
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|---|---|---|---|---|---|
| DJIA | Dow Industrials | 18161.19 |
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-8.49 | -0.05% |
| S& P 500 | S& P 500 Index | 2126.41 |
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-6.63 | -0.31% |
| NASDAQ | NASDAQ Composite | 5190.10 |
|
-25.87 | -0.50% |
Stocks close mostly lower after new Hillary Clinton probe sends markets for wild ride
U.S. equities closed mostly lower on Friday after the Federal Bureau of Investigation announced it is investigating new emails related to Democratic nominee Hillary Clinton.
The Dow Jones industrial average ended about 10 points lower after trading 74.71 points lower following the announcement. The index was trading about 75 points higher before the new probe was announced.
" I sit next to one of the traders here and he was telling me he' d never seen the Dow fall so quickly," said Art Hogan, chief market strategist at Wunderlich Securities. " There' s a lot more to this, but we won ' T know how much until we get more information.
Regardless of the fundamental news we get next week, earnings or data, this may be the story for the next 10 days, " he said.
The S & P 500 closed about 0.3 percent lower, and was also trading higher before the FBI' s probe was announced. The Nasdaq composite ended about half a percent, off its session lows.
" She had a pretty big lead. Now this will certainly take a chunk of that, but most investors still think she' ll win on November 8," said Jeremy Klein, chief market strategist at FBN Securities.
Market expectations for an interest rate increase in December maintained at 73 percent following the GDP' s release, according to Jefferies. Other Data released Friday included the final read on consumer sentiment for October, which missed expectations.
Overseas, European equities slipped, with the pan-European Stoxx 600 index slipping 0.27 percent. In Asia, stocks closed mixed.
US crude futures for December delivery fell 2.05 percent to settle at $ 48.70 per barrel. Gold futures for December delivery rose $ 7.30 to settle at $ 1,276.80 per ounce.
Read more ...
Straits Times Index
2,816.26 - 0.45% -12.68 ▼
| Volume: | 928.6M | ||
| Value: | $877.7M | ||
| Gainers/Losers: | 127/249 | ||
Singapore shares drift lower in thin volume
Singapore shares ended lower Friday, in line with most of its regional peers, while risk appetite remained as investors waited for fresh cues from the upcoming U.S. economic data, due later in the global day.
AHEAD of the US presidential elections on Nov 8 markets everywhere traded within narrow bands, which is entirely to be expected given the massive uncertainty that could ensue if Republican candidate Donald Trump wins.
As a result the Straits Times Index drifted to a 12.68 point loss at 2,816.26 on Friday, dropping 16 points over the week. Friday' s 929 million units worth S $ 878 million completed five consecutive days that dollar value fell below the S $ 1 billion threshold widely seen as The breakeven point for the broking industry. Friday' s volume was the highest for the week, elevated by a large push on SingPost.
Traders resorted to churning the second and third-lines. In some cases the interest was wholly speculative in others there were corporate developments on which to trade.
Bank stocks were hit on concerns over their exposure to the oil and gas sector. United Overseas Bank ended the day 1.6% lower, after it announced weak third quarter results. DBS Group Holdings and Oversea-Chinese Banking Corp. ended 0.3% and 0.9% Lower respectively.
shop is physicall open from morning to evening...but no shoppers..
if close down can save electricity, water etc.,
you mean close shop ah? shop already closed leh. The big bosses all earn big money and shake leg..do nothing...so shop closed lor.
another day of pathetic volume...can close down soon...
you mean close shop ah? shop already closed leh. The big bosses all earn big money and shake leg..do nothing...so shop closed lor.
another day of pathetic volume...can close down soon...
another day of pathetic volume...
can close down soon...
DBS is always is the least conservative as the main shareholder is Ah Kong' s, that is why DBS was in deep trouble during the 1997 financial crisis. Ah Kong use POSB to rescue DBS
OCBC is of medium conservative, thus have some troubles recently. Major holders are also family members.
UOB is the most conservative, getting loan from them is very difficult. Major holders are also family members.
So service-wise, OCBC is the best among the 3 banks. POSB service is also good as they are quite humble.
OCBC result above expectation UOB is soso .......in current economic condition . DBS result is on Monday .
Both Semb and Kep result is out and prices are still holding.
Nov is going to be exposive ? ( which way with election result ....given I guess ) ....So too is the OPEC meeting .
What is expected ..in Nov ....ready for a Christmas gift or winter season ?
I tend to be on the positive side as there must be a reason that our prices are holding on .....note an unexpected growth rate in Sept
Have a nice weekend.
Symbol Name Price Change %Change DJIA
Dow Industrials
18169.68-29.65
-0.16%S& P 500
S& P 500 Index
2133.04-6.39
-0.30%NASDAQ
NASDAQ Composite
5215.97-34.30
-0.65%Stocks close lower after global bonds sell-off real estate slides 2%
U.S. equities closed lower on Thursday as investors parsed through a fresh batch of corporate earnings results and economic data, while sovereign bonds around the world fell.
The Dow Jones industrial average gyrated between gains and losses before closing about 30 points lower, with IBM contributing the most gains, offsetting losses in Boeing. The S & P 500 also held near the flatline for a large part of the session, before closing 0.3 percent lower , With telecoms advancing 1.6 percent to lead advancers and real estate falling 2.4 percent to lead decliners. The Nasdaq composite lagged, dropping 0.65 percent.
" I think you' re seeing a tug of war between earnings ... and rising yields. I think the rise in yields is a bit of a correction," said Jim Davis, regional investment manager for The Private Client Group of U.S. Bank.
In economic news, initial jobless claims fell 3,000 to 258,000, while durable goods for September unexpectedly fell. Pending home sales, meanwhile, rose 1.5 percent in September. The advanced read on third-quarter U.S. GDP is due Friday morning.
US economic data have been of special importance to investors recently, as they gauge the likelihood of the Federal Reserve raising rates later this year. The central bank is scheduled to meet next week and, while monetary policy is largely expected to remain unchanged, market participants Expect a quarter-point rate increase after the Fed' s December meeting.
European equities erased earlier gains, with the pan-European Stoxx 600 index falling 0.01 percent. In Asia, stocks closed mostly lower, with the Nikkei 225 slipping 0.32 percent and the Shanghai composite falling 0.13 percent.
Gold futures for December delivery rose $ 2.90 to settle at $ 1,269.50 per ounce.
Read more ...
|
Symbol
|
Name
|
Price
|
Change
|
%Change
|
|
|---|---|---|---|---|---|
| DJIA | Dow Industrials | 18169.68 |
|
-29.65 | -0.16% |
| S& P 500 | S& P 500 Index | 2133.04 |
|
-6.39 | -0.30% |
| NASDAQ | NASDAQ Composite | 5215.97 |
|
-34.30 | -0.65% |
Stocks close lower after global bonds sell-off real estate slides 2%
U.S. equities closed lower on Thursday as investors parsed through a fresh batch of corporate earnings results and economic data, while sovereign bonds around the world fell.
The Dow Jones industrial average gyrated between gains and losses before closing about 30 points lower, with IBM contributing the most gains, offsetting losses in Boeing. The S & P 500 also held near the flatline for a large part of the session, before closing 0.3 percent lower , With telecoms advancing 1.6 percent to lead advancers and real estate falling 2.4 percent to lead decliners. The Nasdaq composite lagged, dropping 0.65 percent.
" I think you' re seeing a tug of war between earnings ... and rising yields. I think the rise in yields is a bit of a correction," said Jim Davis, regional investment manager for The Private Client Group of U.S. Bank.
In economic news, initial jobless claims fell 3,000 to 258,000, while durable goods for September unexpectedly fell. Pending home sales, meanwhile, rose 1.5 percent in September. The advanced read on third-quarter U.S. GDP is due Friday morning.
US economic data have been of special importance to investors recently, as they gauge the likelihood of the Federal Reserve raising rates later this year. The central bank is scheduled to meet next week and, while monetary policy is largely expected to remain unchanged, market participants Expect a quarter-point rate increase after the Fed' s December meeting.
European equities erased earlier gains, with the pan-European Stoxx 600 index falling 0.01 percent. In Asia, stocks closed mostly lower, with the Nikkei 225 slipping 0.32 percent and the Shanghai composite falling 0.13 percent.
Gold futures for December delivery rose $ 2.90 to settle at $ 1,269.50 per ounce.
Read more ...
