Straits Times Index
2,828.94 0.01% +0.37 ▲
| Volume: | 1,332.8M | ||
| Value: | $718.1M | ||
| Gainers/Losers: | 207/131 | ||
Singapore shares close mostly higher, albeit with unchanged STI
Singapore shares ended flat on mixed trading Thursday, as investor cautious ahead of the busy third corporate earnings season.
Penny stocks continued to be churned as they have for several months now, interest in blue chips was as soft as it has been for weeks and there was little direction forthcoming from overseas markets - Wall Street rose on Wednesday, but the Dow futures' early fall On Thursday added to the caution, while Hong Kong' s 0.8 per cent drop probably did not help.
Among the stocks that gained include Hyflux, which ended 1% higher on news that it is selling its entire 50% stake in a joint venture company to its partner for US $ 136.5 million.
Oversea-Chinese Banking Corp. was up 0.4% after it reported a 4.5% rise in third quarter net profit from a year earlier.
Stocks that fell include Viva Industrial Trust, which lost 0.6% on news of its placement. Cosco Corp. ended flat as investor wary of the stock on news of its profit warning.
Sorry wrong thread and intended to post in US election thread
Best he doesn't make it - else he may well lead the US into WW3. No point making from shorting gains if you can't live to spend it.
Yesterday the buyers havent take profit off the index... so tonight US market will rally again....Long the US futures market now... possible 18300 tonight
Best he doesn't make it - else he may well lead the US into WW3. No point making from shorting gains if you can't live to spend it.
Yesterday the buyers havent take profit off the index... so tonight US market will rally again....Long the US futures market now... possible 18300 tonight
Yesterday the buyers havent take profit off the index... so tonight US market will rally again....
Long the US futures market now... possible 18300 tonight
today we will buy HSI STI Dow but wait for the signal to enter
Stocks To Watch
OCBC, ARA, Lum Chang, Sheng Siong, CITIC, Tritech, Ntegrator
Steady bo... my friend gonna change his BMW to mercedes.. using pure profit...haha
18050 support never tested.... 18080 support false break and now cheong higher.... going to bounce now.... hoot ah
|
Symbol
|
Name
|
Price
|
Change
|
%Change
|
|
|---|---|---|---|---|---|
| DJIA | Dow Industrials | 18199.33 |
|
30.06 | 0.17% |
| S& P 500 | S& P 500 Index | 2139.43 |
|
-3.73 | -0.17% |
| NASDAQ | NASDAQ Composite | 5250.27 |
|
-33.13 | -0.63% |
Dow closes higher as Boeing gains offset Apple' s fall financials lead
U.S. stock closed mostly lower on Wednesday as earnings season continued, while solid economic data helped financials and oil extended its losing streak despite bullish supply data.
The Dow Jones industrial average rose about 30 points after dropping 106.97 points at session lows, with Boeing contributions gains to the tune of 41 points, offsetting sharp losses in Apple, which took about 17 points off the index.
The S & P 500 momentarily eked above breakeven before closing approximately 0.15 percent lower, with real estate falling 1.3 percent to lead decliners while industrials and financials outperformed. The Nasdaq lagged, falling 0.63 percent as Apple shed about 2.25 percent.
U.S. crude settled 1.56 percent lower at $ 49.18 per barrel, after the Energy Information Administration reported a drawdown of nearly 600,000 barrels. WTI briefly traded higher following the EIA' s release, before retreating again.
" Despite all the rhetoric that' s coming out of OPEC, the fact of the matter is the [oil] market is rebalancing itself," said Peter Cardillo, chief market economist at First Standard Financial.
In economic news, the October services PMI index jumped to 54.8 from 52.3, while new home sales rose 3.1 percent in September. Mortgage applications fell 4.1 percent last week, despite lower mortgage rates.
While the central bank is not expected to make any changes to its monetary policy during that meeting, it is largely expected to raise interest rates in December.
Overseas, European equities were dragged lower by falling oil prices, with the pan-European Stoxx 600 index dropping 0.38 percent. In Asia-Pacific, stocks were lead lower by Australian shares, as the ASX 200 fell 1.53 percent.
Gold futures for December delivery fell $ 7 to settle at $ 1,266.60 per ounce.
Read more...
Free monwy from elite
Zhunbo..... lol .... BB say up... market will be up
Huat ah.... now see can make 5 digit tonight or not lol
18050 support never tested.... 18080 support false break and now cheong higher.... going to bounce now.... hoot ah
Wow lots of buyer tonight vol is huge... big boys buying on dip... huat ah
Ok .....we think as usual tonight will be a false break....and cover back as usual.... technically once tested 18080 and bounce back and close higher the sell down is over... we going 19k...
Straits Times Index
2,828.57 -0.89% -25.48▼
| Volume: | 1,286.2M | ||
| Value: | $734.0M | ||
| Gainers/Losers: | 154/243 | ||
Singapore shares finish lower in low volume - again
IT' S difficult not to agree with trading representatives who claim that present market conditions are the worst in at least 20 years, not when turnover on Wednesday was a paltry 1.3 billion units worth S $ 734 million, when the Straits Times Index dropped 25.48 points to 2,828.57 and When a large institution such as HSBC Global Research announced earlier in the week it has stopped covering Keppel Corp, a bastion of the local market.
The average value per unit traded on Wednesday worked out to S $ 0.56, clearly pointing to where the market' s trading energies were directed. Those who view the glass as being half full might view the lopsided interest in penny stocks as presenting opportunities for investors to discover undervalued Gems those who see the glass as half empty - and these would count among the vast majority - would say there is something fundamentally wrong if the market is led by poor quality issues.
Singapore Stocks End Lower, Eyes on Bank Results
Singapore stocks closed in the red on Wednesday, as investors tread cautiously with the earnings season unfolding in the backdrop of a weak outlook on crude oil prices.
Oversea-Chinese Banking Corp. will be the first among the Singapore banks to report its earnings Thursday, followed by United Overseas Bank on Friday and DBS on Monday.
The Straits Times Index ends down 0.9% at 2,828.57. Sentiment in the market mirrors the bearish expectations plans have from the earnings.
OCBC' s net profit for the third quarter is expected to fall 4% on year, while that of UOB' s is likely to decline by 13%, according to estimates on FactSet. Third-quarter net profit for DBS, the biggest of the three banks, may Fall by about 9%.
OCBC ends 1.2% down. Sembcorp Industries ends down 3.9% ahead of its quarterly results on Thursday.
