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STI
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Livermore
Master |
17-Jul-2007 22:20
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Focus on your individual stock and not the STI. Remember that you are buying a company stock and not a stock called the "STI" although a sharp drop in STI would cause most stocks to fall.... Sometimes STI may correct but your share might go up.... |
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mirage
Veteran |
17-Jul-2007 22:07
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QUOTES:
Most Asian markets advanced Tuesday as shares in Hong Kong gained and Taiwan stocks hit a new 7-year high. Japanese shares, meanwhile, slipped on concerns about the previous day's earthquake. Tokyo's Nikkei 225 index slipped 21.68 points, or 0.12 percent from Friday's close on the Tokyo Stock Exchange, to 18,217.27. Japan's financial markets were closed Monday for a national holiday. Insurance stocks were among the biggest decliners in the wake of Monday's 6.8-magnitude earthquake that hit the Niigata area in north-central Japan. At least nine people were killed and hundreds of homes were destroyed. Sompo Japan Insurance Inc. fell 2.26 percent to 1,470 yen (US$12.08), and Fuji Fire & Marine Insurance Co. dropped 1.20 percent to 494 yen (US$4.05). Utility stocks also fell. Tokyo Electric Power Co., known as TEPCO, fell 1.05 percent to 3,750 yen (US$30.74) after it said the quake started a small fire at one of its nuclear power plants and caused the leakage of 1,200 liters of radioactive water into the sea. TEPCO officials said there was no "significant change" in the sea water near the plant. In Hong Kong, the blue chip Hang Seng Index rose 103 points, or 0.45 percent, to 23,057.30. The advance was mainly driven by the ample liquidity in the market, with "investors now buying major blue chips on hopes of further gains," said Francis Lun, Fulbright Securities' general manager. But traders said the short-term corrections of the past few sessions will probably recur. "I think for a healthy consolidation, the index may need to test the 20-day moving average toward the end of the month," said Celestial Securities' Research Director, Eugene Law. The 20-day moving average was 22,282 points. CNOOC, China's largest offshore oil and gas producer, rose nearly 3 percent to HK$9.67 on high oil prices, which rose above US$74 a barrel late Monday. Heavyweight HSBC, the index's second-largest component by market capitalization, rose 0.5 percent to HK$145.60 on a Daily Telegraph report that the lender is interested in taking over Korean Exchange Bank. Another index heavyweight, China Mobile (Hong Kong) Ltd., gained 0.2 percent to HK$91.4, after Daiwa Securities raised its target price to HK$106 from HK$91. In currencies, the U.S. dollar was trading at 121.82 yen late Tuesday, unchanged from late Monday in New York. The euro rose to US$1.3793 from US$1.3784 in early trading European trading. Elsewhere: JAKARTA: Indonesia shares rose, led by gains in bank blue chips ahead of expected strong earnings in the first quarter. The Jakarta Stock Exchange Composite Index rose 15.12 points, or 0.66 percent, to 2,301.34. KUALA LUMPUR: Malaysian shares were lower with the Kuala Lumpur Composite Index of 100 blue chips dropping 4.03 points, or 0.29 percent, to 1,377.48. MANILA: Philippine shares fell a second session, led by profit-taking in blue chips, as investors raised funds for several initial public offerings. The benchmark 30-company Philippine Stock Exchange Index slid 23.58 points, or 0.6 percent, to 3,729.68. SEOUL: Financial markets in South Korea are closed for a public holiday. They will reopen Wednesday. SHANGHAI: Chinese stocks rose as property firms were boosted by the stronger Chinese yuan and banks rose on a stable earnings outlook for the sector. The benchmark Shanghai Composite Index gained 74.27 points, or 1.9 percent, to 3,896.19. The Shenzhen Composite Index of China's second, smaller bourse advanced 23.24 points, or 2.2 percent, to 1,080.31. SINGAPORE: Singapore's benchmark Straits Times Index closed at 3651.05, down by 2.18 points. SYDNEY: The Australian share market edged slightly higher with gains in Rio Tinto and the banking sector helping to offset weakness in selected stocks, such as agribusiness group Futuris Corp. and uranium miner ERA. The benchmark S&P/ASX 200 index closed up 0.8 point, 0.01 percent, at 6,381.6. TAIPEI: Taiwan shares rose to the their highest level in seven years as traditional industry stocks showed strength. The Weighted Price Index of the Taiwan Stock Exchange rose 92.41 points, or 1 percent, to close at 9,509.73. WELLINGTON: New Zealand shares ended higher as blue chip stocks helped the market hold on to gains against downward pressure from a stronger New Zealand dollar and the prospect of higher interest rates. The benchmark NZX-50 closed up 0.4%, or 18.5 points, at 4258.84. |
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Manikamaniko.
Master |
14-Jul-2007 11:34
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You can bet your two bottom dollars that bullish sentiment is back! ...  (some may prefer to bet top $$$)... hehe... |
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mirage
Veteran |
13-Jul-2007 14:25
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QUOTES: Singapore shares end morning sharply higher on Wall St rally; STI hits new high 13 July 2007, Singapore shares ended the morning session higher Friday with the benchmark Straits Times index in new record territory as sentiment was bolstered by Wall Street's hefty overnight gains. Shipyards SembCorp Marine, COSCO (Corp) Singapore, and Keppel Corp continued to lead the market higher on expectations that demand for oil exploration rigs and other offshore vessels in the booming oil and gas industry will remain strong. At the break, the Straits Times Index was up 47.08 points or 1.30 percent at 3,671.64, off a new record high of 3,685.01. Gainers outnumbered losers 592 to 219, with 750 stocks unchanged. Volume was 2.23 billion shares worth 1.66 billion Singapore dollars. "The market is tracking the gains on Wall Street overnight in line with regional markets," a dealer at a local brokerage said. "Oil and gas-related stocks are still in focus." Shipyards which supply oil exploration rigs and other support vessels to the oil and gas industry have their order books full for the next two to three years, and analysts expect more contracts going forward. SembCorp Marine led gainers, rising 20 cents to 5.45 Singapore dollars, off a year high of 5.50 dollars. COSCO Singapore was up 12 cents at 4.92 dollars, Keppel Corp was up 30 cents at 13.10 dollars, and SembCorp Industries was up 15 cents at 5.70 dollars. Westcomb Securities said expectations of better April-June corporate earnings results will also continue to fuel optimism in the market. Banking shares extended gains, with DBS Group Holdings up 40 cents at 24.00 dollars, Oversea-Chinese Banking Corp up 5 cents at 9.55 dollars and United Overseas Bank up 30 cents at 22.90 dollars. Property heavyweights were also higher, with City Developments climbing 30 cents to 16.80 dollars, CapitaLand gaining 15 cents to 7.85 dollars, and Keppel Land rising 15 cents to 8.65 dollars. |
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cyjjerry85
Elite |
10-Jul-2007 15:54
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given that yesterday surged so high up...today will end on a lower positive | |||||||||||||||
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mirage
Veteran |
10-Jul-2007 15:25
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QUOTES: News from asiaone.com "
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mirage
Veteran |
10-Jul-2007 14:44
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QUOTES: "Singapore shares ended Tuesday's morning session higher, with the benchmark Straits Times Index (STI) setting a new record, after showed the domestic economy grew much faster than expected in the second quarter. But profit-taking surfaced in late morning trade following the key index's over 60-point gain on Monday. At the midday break, the STI was up 13.63 points or 0.38 percent at 3,640.35, after touching an all-time high of 3,653.27 earlier. Losers edged gainers in the broader market, 400 to 360, with 796 stocks unchanged. There were 2.59 billion shares traded worth 1.32 billion Singapore dollars. Preliminary estimates released this morning by the Ministry of Trade and Industry showed that Singapore's gross domestic product grew 8.2 percent year-on-year in the second quarter, aided by stronger manufacturing output. The advance estimate, based on available data for April and May, outpaced the 6.4 percent expansion in the first quarter as well as the most optimistic estimate of 7.7 percent growth by economists polled by Thomson Financial. "With the strong (GDP) growth, all around, stocks got a nice little lift," CIMB-GK research head Song Seng Wun said. "But we will see a bit of consolidation after the strong gains yesterday." He said investors will likely wait for the upcoming earnings reporting season for trading cues. Singapore Press Holdings will release its fiscal third-quarter results tomorrow although the bulk of earnings announcements will only come in the next few weeks. COSCO Corp (Singapore) led gainers among blue chips, hitting an all-time high, as investors bought the stock in light of the shipyard and shipping company's robust prospects in the booming oil and marine industry. The stock was last up 16 cents at 4.42 dollars, off a record high of 4.44. Other blue-chip winners include Neptune Orient Lines which added 20 cents to 5.90 dollars, Singapore Telecommunications up four cents at 3.50 dollars, and Singapore Airlines, which climbed 20 cents to 19.60 dollars. ComfortDelgro rose two cents to 2.22 dollars after saying it will acquire Toronto Bus Services, a bus and coach operator in Australia, for 14.5 million Australian dollars." |
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scotty
Senior |
08-Jul-2007 10:30
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After the very long bull run, it is time for the market to cool off. | |||||||||||||||
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singaporegal
Supreme |
06-Jul-2007 21:15
Yells: "Female TA nut" |
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Oh yes... I forgot about the US holiday.... probably that explains the directionless market. However, volumes are still pretty healthy. Lots of shares changing hands. |
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chewken
Member |
06-Jul-2007 18:47
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I agree with you that the market is rather mix and it is hovering and directionless don say in Singapore in the world too. Investors are cautious and the volume is low too. Partly maybe is because of USA having a shorten week due to their Independence Day. Once the world markets pick up, Singapore market will pick up too..Hopefully things will pick up next week 
kenneth |
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cyjjerry85
Elite |
06-Jul-2007 14:36
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there are mixed sentiments now in the STI and economy...with some saying there's still energy to go ahead...while others mentioned of plunging into a correction/downturn... Our government did gave some reassurance recently, however the various brokerage houses are not too bright on their outlook on recent terms... so its likes the bull and bear tugging at both ends..making things rather flat this week |
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mirage
Veteran |
06-Jul-2007 14:12
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QUOTES: Singapore shares ended Friday's morning session flat with investors sidelined by Wall Street's lackluster performance and the more than 5 percent fall in Chinese equity markets on Thursday. At the midday break, the Straits Times Index was down 0.24 point or 0.01 percent at 3,551.44, after trading between 3,539.77 and 3.555.74. There were 2.55 billion shares traded valued at 1.16 billion Singapore dollars. Losers outnumbered gainers 418 to 295 with 836 stocks unchanged. "We are tracking the weakness in [the Dow industrials] and some regional markets," a dealer at a local brokerage said. The Dow suffered a minor drop while the tech-heavy Nasdaq composite index gained slightly in New York trading Thursday as investors returned from the Fourth of July holiday. The Singapore dealer said investors also exercised restraint following the sharp fall in Chinese markets on Thursday, sparked by liquidity concerns as regulators prepare to raise quotas under China's Qualified Domestic Institutional Investor program and on reports that the government will be selling 1.55 trillion yuan worth of special bonds. The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, has since regained some ground, and was down by less than one percent in midday trading Friday. DMG & Partners Securities said in a note to clients that it expects investors to stay away from Chinese stocks due to the overheating market there. Select blue chips remained weak as investors pocketed gains from recent rallies. Neptune Orient Lines was the biggest loser after hitting a record high of 6.10 dollars on Wednesday, falling 35 cents to 5.40 dollars. On the flipside, banking stocks were a key support to index given hopes that lending will rise amid a buoyant domestic economy. DBS Group Holdings added 30 cents to 22.90 dollars, United Overseas Bank gained 20 cents to 22.40 dollars, and Oversea-Chinese Banking Corp rose 5 cents to 9.25 dollars. |
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harryp
Veteran |
04-Jul-2007 15:26
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STI still pi-pi leh, like pancake... despite the reader's contribution.... May be the bull chiong too much and now pai karr hor... BTW, better be wary of the Dow's green green for last two days... may be just window dressing for the big fireworks of 4th July..... 
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Manikamaniko.
Master |
04-Jul-2007 09:40
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Today's Straits Times contains a reader's contribution (forum page) that's very reassuring for the stock market/s. Looks like the bull really has some time to run yet... |
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mirage
Veteran |
04-Jul-2007 08:51
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Quotes: Singapore share prices are likely to open higher Wednesday, following Wall Street's sustained gains Tuesday, with buying encouraged by some improved local economic data. The Singapore Institute of Purchasing and Materials Management revealed late Tuesday that its Purchasing Managers' Index (PMI) rose to 52.3 points in June, its highest level this year, from 50.0 in May. The electronics sub-sector PMI rose to to 53.1 points, its highest level in three months, from 51.1. A figure above 50 points indicates expansion. Song Seng Wun, CIMB-GK Research regional economist and head of research, said: "The rise in tech orders is encouraging, and it supports our view that we should see stronger tech output in [the] second half [of] 2007 versus [the] first half [of] 2007," . But trading may be subdued, with investors showing caution before the US Independence Day holiday and given that the valuations of some stocks in main index are considered excessive. On Tuesday, the Straits Times Index closed 19.09 points or 0.54 percent higher at 3,569.43, after trading between 3,557.36 and 3,574.58. Volume was 3.98 billion shares valued at 2.65 billion Singapore dollars Gainers beat losers 532 to 311, with 718 shares unchanged. |
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RQJP68
Member |
28-Jun-2007 21:51
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STI up today could be due to window dress as tomorrow is last day for 1st half of 2007. |
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cyjjerry85
Elite |
28-Jun-2007 17:18
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x 0
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hope it will follow up tommorow...ending up an unexpected 30+ points...had thought it would be quite flat today |
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rogue_trader
Master |
28-Jun-2007 17:14
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alamak. must send my crystal ball for "servicing" liao... up 30+pts sia... scarey as of now, bt no use, still kena "caught" by the market jialat jialat... sad... | |||||||||||||||
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harryp
Veteran |
28-Jun-2007 16:04
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May be STI kanna isolated because of that head huncho from Citigroup calling to sell Singapore only.... Most investors are extremely cautiously today... |
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cyjjerry85
Elite |
28-Jun-2007 15:51
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oh yea i agree with RT...been still green for Shanghai index this earlier part of the day...what makes it slipped down now.... | |||||||||||||||
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