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mirage Veteran	27-Mar-2008 11:44        mirage About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quotes: Singapore shares were trading lower on Thursday after Wall Street fell overnight on renewed pessimism about the health of the US economy. The Dow Jones industrial average fell more than 100 points after the Commerce Department reported that durable goods orders dropped 1.7 percent in February, its second straight monthly decline. The market had expected orders to rebound. Another report showing slumping sales of new homes in the US gave investors another reason to sell, even though the 1.8 percent decline last month was slightly better than what the market was expecting. "The worse-than-expected US durable orders data is triggering some profit taking. The US economy is probably in a recession now," Westcomb Securities said in a note to clients. But with the Singapore economy showing some resilience, Westcomb said investors should hunt for bargains when the market is weak. At 9.51 am (0151 GMT), the benchmark Straits Times index was down 29.77 points or 1.0 percent at 2,965.45. There were 218 million shares traded valued at 237 million Singapore dollars. Decliners led advancers 196 to 104, with 1,380 stocks unchanged. Banking shares were mixed, with DBS Group down 14 cents at 18.24 dollars, United Overseas Bank up 2 cents at 19.26 dollars and Oversea-Chinese Banking Corp down 14 cents at 8 dollars. Property developer CapitaLand was down 4 cents at 6.22 dollars after granting its unit CapitaCommercial Trust an option to buy the One George Street office building on the edge of the Raffles Place central business district for 1.17 billion dollars. CapitaCommercial was 2 cents lower at 2.08 dollars. Other property stocks were weaker, with City Developments slipping 12 cents to 10.86 dollars and Keppel Land off 9 cents at 5.44 dollars. Other blue chips also fell, with Singapore Exchange down 12 cents at 7.28 dollars, Singapore Telecom off 8 cents at 3.92 dollars and Singapore Airlines 22 cents lower at 15.04 dollars.
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mirage Veteran	27-Mar-2008 11:43        mirage About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quotes: Stock markets across Asia fell Thursday, tracking losses on Wall Street overnight after the latest batch of economic data suggested consumers are still being hurt by the stress in the housing market. China led the decline, with the Shanghai Composite down 2.5 percent at 3,517.26. Petrochina, the biggest index component, was a key decliners, shedding 5.6 percent to 17.49 yuan, hurt by the pressure of shares coming out of lockup. Overnight, the US Commerce Department said that new orders for durable goods fell 1.7 percent in February, hit by a record decline in machinery orders. That was far below the 0.7 percent rise expected by analysts surveyed by Thomson/IFR. New home sales fell 1.8 percent last month to a seasonally adjusted annual rate of 590,000 units, the slowest pace since February 1995, data showed. "Unless home prices stop falling, households are not likely to turn into reliable buyers of stocks," said Haruki Takahashi, head of equity trading at Mitsubishi UFJ Securities in Tokyo. The Nikkei was down 1.8 percent at 12,480.98 and the Topix fell 1.4 percent to 1,219.74. The strong yen continued to put pressure on big exporters. The dollar was last quoted at 98.76 yen, down 0.4 percent from late Wednesday. Consumer electronics giant Sony lost 1.9 percent to 4,150 yen, office equipment maker Canon fell 0.9 percent to 4,600, while Toyota Motor declined 2.1 percent to 5,150. The Hang Seng fell 1.3 percent to 22,316.39. "The economic figures in the US are still bad and the credit crisis is far from over, so that will put more pressure on the [Hong Kong] market," said Francis Lun, general manager at Fulbright Securities. In Australia, strength among resource stocks as commodity prices continued to climb was not enough to offset losses in other sectors. The S&P/ASX 200 was down 0.6 percent at 5,351.3 and the All Ordinaries was down 0.4 percent at 5,400.7. The Kospi fell 0.8 percent to 1,665.86 and the Singapore Straits Times was down 1 percent at 2,965.45. The Kuala Lumpur Composite fell 0.8 percent to 1,235.13. Only the Philippines Composite managed gains, adding a modest 0.1 percent to 2,920.54. Sector leader Philex Mining Corp rose 1.6 percent to 6.20 pesos after gold prices rallied for a second session as the dollar weakened.
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178investors Veteran	26-Mar-2008 14:18        178investors About Contact  Quote this Post!
x 0   x 1  Alert Admin	Yalor! me too profit-taking this week... cannot be greedy to hold long. Next week, market worldwide sure kanna whack down again... another suckers' rally.
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mirage Veteran	26-Mar-2008 14:02        mirage About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quotes: Singapore shares slightly lower at midday on profit-taking Singapore shares were slightly lower at midday Wednesday as investors opted to pocket profits after two consecutive days of strong gains. Wall Street provided no clear direction overnight as investors there grappled with a fresh spate of negative news on deteriorating consumer confidence and a steep decline in home prices. The Conference Board reported that the US consumer confidence index sank to a five-year low in March, indicating further weakness in consumer spending. The Standard & Poor's/Case-Shiller home price index, meanwhile, indicated that US home prices fell a record 11.4 percent in January. "The rebound we saw came very strong so profit-taking was not unexpected," said Ong Seng Yeow, research head at Kelive Research, a unit of Kim Eng Securities. At midday, the benchmark Straits Times Index had dipped 5.01 points or 0.2 percent at 2,995.18, after trading between 2,980.26 and 3,002.93 points. Decliners outnumbered gainers 293 to 222 with 1,162 stocks unchanged. A total of 925.9 million shares were traded valued at 828.2 million Singapore dollars. Some profit-taking had already started late yesterday when the index broke through 3,000 points for the first time this month, and this has proved to be a strong resistance level today. Ong said that if the STI were to cross 3,060 points, there could be further upside for the market, as the participation by fund managers may shore up share prices at least this week as they window-dress their investment portfolios. "There might be some more follow-through on that front," said Ong. "There is also the other reason that a lot of shares right now have been oversold, [providing] some value for long-term investors." But it is too early to say that the market is poised for a strong and sustained rally ahead given continuing US economic uncertainties. "With investors still concerned over developments in the US, we may see heavy selling pressure when the STI reaches 3,100," said Westcomb Securities in a note. Bourse operator Singapore Exchange supported the index, gaining 11 cents or 1.5 percent to 7.66 Singapore dollars. But banking stocks fell, with DBS Group down 2 cents at 18.42 dollars, while United Overseas Bank declined 12 cents to 19.16 dollars and Oversea-Chinese Banking Corp was 1 cent lower at 8.05. Among other blue chips, Singapore Telecom dipped 1 cent to 4.00 dollars and Singapore Technologies Engineering slipped 2 cents to 3.33 dollars. Singapore Press Holdings gained 5 cents to 4.57 dollars and Singapore Airlines jumped 38 cents to 15.42 dollars. Property heavyweights were mixed, with City Developments gaining 4 cents to 10.94 dollars and Keppel Land up 5 cents at 5.59 dollars while CapitaLand dropped 8 cents to 6.22 dollars.
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mirage Veteran	26-Mar-2008 09:21        mirage About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quotes: Singapore shares are expected to open lower on Wednesday on profit-taking after Wall Street's mixed performance overnight and disappointing reports on US consumer sentiment and the housing market. The Conference Board reported that consumer confidence sank to a five-year low in March. The index has been weakening since July, and is closely watched to determine the future of consumer spending, perhaps the most critical part of the world's biggest economy. The Standard & Poor's/Case-Shiller home price index indicated that US home prices fell 11.4 percent in January, the steepest drop since data was first collected in 1987. The latest decline means prices have been growing more slowly or dropping for 19 consecutive months. On Tuesday, the Straits Times index gained 72.40 points or 2.5 percent to close at 3,000.19. The index has piled on gains of more than 6 percent in the past two consecutive days. Gainers outnumbered decliners 599 to 179, with 1,029 stocks unchanged. Market volume was 2.3 billion shares valued at 2.6 billion Singapore dollars. Notwithstanding the gains, analysts believe it is too early to say whether the worst of the sell-down is over given ongoing economic uncertainties. "Volumes are still thin ... investors are still pretty cautious," said Najeeb Jarhom, research head for retail investors at AmFraser Securities.
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mirage Veteran	25-Mar-2008 09:43        mirage About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quotes: SINGAPORE'S STI OPENS UP 34.81 POINTS OR 1.2 PERCENT AT 2,962.60
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mirage Veteran	25-Mar-2008 09:37        mirage About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quotes: Singapore shares are expected to open higher Tuesday after Wall Street rallied overnight as a revised buyout deal for Bear Stearns Cos and stronger-than-expected housing data lifted sentiment. The Dow Jones industrial average rose nearly 190 points after JPMorgan Chase & Co boosted investors' optimism by lifting its offer for Bear Stearns to 10 US dollars per share from 2 dollars. The revised plan is aimed at soothing Bear Stearns shareholders upset over JPMorgan's earlier offer, which was made at the behest of the Federal Reserve when Bear Stearns was near collapse. The National Association of Realtors said sales of existing homes rose by 2.9 percent in February to a seasonally adjusted annual rate of 5.03 million units. It was the biggest increase in a year and was far better than the slight decline Wall Street had expected. Still, the median home prices fell by the largest amount on record. The rescue of Bear Stearns is helping to restore confidence in the stock market and shows that the Fed will take necessary action to stabilize the volatile credit markets, said Lim & Tan Securities in a note to clients. "Intervention by central banks, it is hoped, will then provide a floor, and hence stability, in the mortgage-backed securities market," it said. Worsening credit market conditions along with the deteriorating health of the US economy had dampened investor sentiment since the second half of last year. On Monday, Singapore's benchmark Straits Times Index surged 102.88 points or 3.6 percent to close at the day's high of 2,927.79. Advancers outnumbered decliners 518 to 160, with 992 stocks unchanged. A total of 1.2 billion shares were traded, valued at 1.5 billion Singapore dollars.
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mirage Veteran	24-Mar-2008 10:46        mirage About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quotes: Singapore shares opened higher Monday as investors, returning from a long weekend, chased bargains following the market's recent losses. At 9.05 am (0105 GMT), the benchmark Straits Times Index was up 59.39 points or 2 percent at 2,884.30. There were 47 million shares traded valued at 58 million Singapore dollars. Advancers led decliners 173 to 17, with 1,480 stocks unchanged. The market was closed on Good Friday.
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cyjjerry85 Elite	24-Mar-2008 09:32        cyjjerry85 About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	it is not exactly bullish yet and i do think many are not totally confident that this is a bottom scenario...give it a bit more time before confidence sets in again
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Farmer Master	24-Mar-2008 09:27        Farmer About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	This week STI should stuck between 2800-2950 according to market analysts. Lets see today can break 2900 or not....though i personally doubt so.
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winsontkl Elite	19-Mar-2008 21:48        winsontkl About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ha ha....sell on news....quite typical nowadays....
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fivestar Member	19-Mar-2008 20:23        fivestar About Contact  Quote this Post!
x 0   x 0  Alert Admin	??????
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idesa168 Elite	19-Mar-2008 17:17        idesa168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	AK Francis, are you a small player? I am just a spectator. I will bring a group of sexy cheerleaders and cheer for you tomorrow!
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freeme Elite	19-Mar-2008 17:13        freeme About Contact  Quote this Post!
x 0   x 0  Alert Admin	STI end with red.. disppointed..
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AK_Francis Supreme	19-Mar-2008 17:13        AK_Francis About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Happy go lucky, cheers."
x 0   x 0  Alert Admin	As I posted earlier that early morning players were the shortists, Giant Fund Managers. Late afternoon were their days. Small fishes,if blur, they will not find shrimps to eat tomorrow leow. Tomorrow gonna be a hard day game. I opine that even DJ tonite rise a bit, tomorrow STI wouldn't have any sympathy to push, GFMs will strike again. Hence, we small timer, be alert, take cover if its necessary. Cheers.
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edwinders Member	19-Mar-2008 16:59        edwinders About Contact  Quote this Post!
x 0   x 0  Alert Admin	The reasons will be due to Contra players offloading their lots when it comes to Good Friday. Quite sad for the STI as it is being speculated by players. Good Luck as the markets are now really unpredictable. Cheers. Just my 2 cents
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Farmer Master	19-Mar-2008 16:58        Farmer About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Its not surprising as dow future is also down.
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Fairygal Veteran	19-Mar-2008 16:55        Fairygal About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	STI down 2.38 currently.
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May2008 Member	19-Mar-2008 16:49        May2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	DOW up 420pt.  But STI now up only 14pt ???  Why like lat ???
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AK_Francis Supreme	19-Mar-2008 15:58        AK_Francis About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Happy go lucky, cheers."
x 0   x 0  Alert Admin	Lion city is a small country, it still much rely on the big countries, esp US. However, currently most ppl are much focused on US market trend but China is a country which can't be neglected as well. Due to the high inflation rate and shortage of oil and water, investors may withdraw their investment and pull away their cash from China and Hongkong. The repercussion could be igniting another financial crisis in the region. Someone mentioned the above in BT. Good to ponder about before you do anything in the market. Take care folks.
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