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STI to cross 3000 boosted by long-term investors
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ericsim
Senior |
31-Aug-2009 17:26
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thks for the info. seem to me more selling pressure coming.....
kenasai, nowaday placement share seem very popular, how do banks earn??? seem that nowaday listed companys don't heck care our interest anymore, simply place out plcaement share to their interest!!! - you die that's your problem STI down 1.4% already jumping high and low -SSE down 6.7% no eye see.
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erictkw
Veteran |
31-Aug-2009 16:35
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HONG KONG (MarketWatch) -- China shares ended sharply lower Monday, with selling pressure aggravated by concerns that leading companies will issue new shares and dilute the value of existing ones, in addition to a hefty lineup of IPOs that threaten to soak up surplus cash in the system. Also weighing on the market were concerns that slowing bank lending could make it difficult for the economy to grow quickly. Shanghai's Composite Index ended 6.7% lower at 2,667.75 while the Shenzhen Composite Index plunged 7.1% to close at 904.70. | ||||
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boyikao3
Master |
31-Aug-2009 16:15
Yells: "Money or reputation ?" |
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The last leg up is in place for Shanghai, HSI and STI - The makig of the last wave up in almost perfect syncronisation!
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lawcheemeng
Master |
31-Aug-2009 16:01
Yells: "fly me to the mooon" |
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x 0
x 0 Alert Admin |
looks like a lot ppl jumping in to grap those on lelong today.....alot of "green shoots" showing...hehehe... |
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christan
Senior |
31-Aug-2009 15:55
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x 0 Alert Admin |
mayb end of day sti close flat, hahaha.............. | ||||
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cathylmg
Elite |
31-Aug-2009 15:07
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x 0
x 0 Alert Admin |
Thanks.
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richtan
Supreme |
31-Aug-2009 15:01
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x 0
x 0 Alert Admin |
The short-term (15ema), mid-term (25-30ema) n long-term (65-95ema) still trending up, STI at 2600 is at 15ema. The above ema is my personal ema tat works for me, so dyodd n BOSAYOR |
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ozone2002
Supreme |
31-Aug-2009 14:53
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GLOBAL MARKETS-China stocks tumble; yen jumps after Japan vote
* Historic, landslide opposition win in Japan boosts yen * Shanghai stocks fall to 3-mth low, hitting risk taking * Valuations of Asia stocks losing lustre? By Kevin Plumberg HONG KONG, Aug 31 (Reuters) - Chinese stocks tumbled 5 percent to a three-month low on Monday, weighing on Asian stocks and sapping investor willingness to put money at risk, while the yen rose sharply after Japanese voters swept the opposition into power. The election results, while widely anticipated, sparked some short-term buying of yen on hopes that new policies will support consumer spending in an economy trapped in deflation and haunted by a weak growth outlook, though domestic stocks slipped on exporter weakness. [ID:nT356076] Outside of Japan, volatility in Shanghai, a market largely closed to foreigners, has curbed risk taking and has been weighing on the Australian dollar, which with its relatively high yields is a common target for investors searching for bigger returns. Shanghai-listed shares dropped 5.4 percent .SSEC on the day, racking up losses of 21 percent in August and falling below the 125-day moving average, what is viewed by many domestic investors as the threshold between bear and bull markets. Fears that banks will rein in their lending after a torrid first six months of the year and an abundance of supply of new shares have been pushing Chinese shares lower for the last month, often weighing on global investor sentiment about holding riskier assets. U.S. stock futures were down 0.55 percent SPc1, indicating a soft open on Wall Street later in the day, while Treasury futures were up 0.2 percent TYc1. Shares of Bank of China (601988.SS), the country's biggest foreign exchange lender, were down 3.1 percent and the top drag on the market. Hong Kong's Hang Seng .HSI dropped 2.2 percent to a one-month low in sympathy with Shanghai. Tokyo's Nikkei share average .N225 slashed early gains that were led by buying of futures and fell 0.35 percent. Large exporters Canon Inc (7751.T) and Honda Motor Corp (7267.T) were among the biggest drags on the Nikkei, losing around 2 percent each on the stronger yen. The MSCI index of Asia Pacific stocks traded outside Japan .MIAPJ0000PUS slid 1.4 percent. The selling was widespread, hitting the consumer discretionary, energy, telecommunications and materials sectors. ASIA STOCK'S PREMIUM QUESTIONED Asian stocks are trading at a price-to-book valuation of 1.1 times, above the 30-year average of 0.7 times and around the same level at the peak of the last bull market. Investors since March had been justifying the premium based on the region's growth prospects and its expected speedy recovery from the global downturn. However, the Asian stock rally sputtered in July and August for two reasons, according to Mark Matthews, Asia Pacific strategist with Fox-Pitt Kelton ini Hong Kong. "The first is that the U.S. in particular and the developed world in general are experiencing economic recoveries that are more robust than previously expected. The second is that there is policy shift in China, and even the doves there are happy that asset prices are no longer rising quickly," he said in a note. YEN FOR YEN In the currency market, the yen got an early boost on the clear-as-day election result, which eliminated any uncertainty about Japan's political leadership. The sharp selloff in Shanghai equities also supported the yen as dealers sought a safe haven. The U.S. dollar fell 0.9 percent to 92.60 yen JPY=, the lowest since July 13, and the euro dropped 1.1 percent to 132.24 yen EURJPY=. "The DPJ (Democratic Party of Japan) may favour the consumer more, which ultimately could be favourable for the economy, but that's a long-run thing," said Stephen Roberts, an economist at Nomura in Sydney. For a graphic on the Japanese election results, click on: here The Australian dollar was off 0.3 percent to US$0.8398 AUD=, though was largely unchanged in August. The creeping rise of risk aversion in markets pushed down oil prices, with U.S. crude for October delivery down 0.5 percent to $72.41 a barrel CLc1. Brent was down 0.6 percent to $72.34 a barrel LCOc1. (Editing by Kim Coghill) |
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ozone2002
Supreme |
31-Aug-2009 14:46
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x 0
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shanghai down 6% | ||||
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cathylmg
Elite |
31-Aug-2009 14:38
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x 0
x 0 Alert Admin |
Seems that today's drop is low volume.
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cathylmg
Elite |
31-Aug-2009 14:36
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x 0
x 0 Alert Admin |
Willl there be a rebound later? | ||||
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aleoleo
Master |
31-Aug-2009 13:21
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x 0
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wow ~~ SSE just reopen and still dropping to searching the day low now .... i dun care as i get numb to this kind of drop liao .... perhap drops until the government trigger the halt trading ??? who knows.... let it dip la .... -ve 10% also a good thing, we will not be so jialat, but the china people will commit sucide ... it cannot be everyday also like that .... damn ....
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ozone2002
Supreme |
31-Aug-2009 13:16
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SHANGHAI - CHINESE shares tumbled 5.37 per cent by midday Monday as concerns over slowing lending growth and a new share supply glut weighed on sentiment, dealers said. The Shanghai Composite Index, which covers both A and B shares, was down 153.73 points at 2,706.96. Major refiner China Petroleum & Chemical Corp. dropped 8.7 per cent to 11.30 yuan while PetroChina, the Shanghai index's heaviest weighted share, fell 5.1 per cent to 13.02 yuan. Analysts say investors sold on concerns that banks will cut back on the lavish lending that helped push shares higher earlier in the year. In Tokyo, Japan's Nikkei average edged lower on Monday as a stronger yen sent shares of exporters lower, erasing earlier gains to an 11-month high after an election win by the opposition. Sunday's landslide victory for the Democratic Party, led by Yukio Hatoyama, ends a half-century of almost unbroken rule by the Liberal Democratic Party and breaks a deadlock in parliament. In active trade, the benchmark Nikkei dipped 0.4 per cent to 10,497.19, after gaining more than 2 per cent at one point to 10,767.00, its highest level since Oct 6. Market players said the gain had been led by buying of Nikkei futures, sparking short-covering. 'After a spatter of buying at the open, this may be it for today,' said Kenichi Hirano, operating officer at Tachibana Securities. Market players said there was little sign of foreign investors' presence in the market and some were selling on the fact that the election was over. The broader Topix fell 0.3 per cent to 966.09. Nikkei September futures also fell 0.3 per cent to 10,500, reversing course after touching as high as 10,770. -- AFP, AP, REUTERS |
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ericsim
Senior |
31-Aug-2009 12:55
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x 0
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how high is high or how low is low?? no one knows. hv to stop lost if nesscesary to prevent over bleeding |
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lawcheemeng
Master |
31-Aug-2009 12:49
Yells: "fly me to the mooon" |
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x 0
x 0 Alert Admin |
for me first thks all the sifu in this forum......then ....i think got look at ourself first....is a trader or a investor.......and many of us is a mix... therefore some stock for trading.......some for investing loh.......,,, so if trader look for opp..... to go ...and out..............then if investor go long no need to look at the up and down......many sifu here say liao go long when sti hit 4000 you stock will be at least 200% loh..........once we define where we stand....then we will not bang boss loh................remember one sifu say....the only chance for us to win is the words...."TIME" again the word TIME has got 2 meaning loh......the number of times you move in n out of the market.or the lenght of time you hold on to your stock.....so you decide...... |
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ericsim
Senior |
31-Aug-2009 12:42
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x 0
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agree, but Ah Hai (SSE drop >5% currently) dragging sentiment down in asia. KNS if Ah Hai continue like that it's going on pare with STI index. HSI under 20000 mark drowning liao. |
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aleoleo
Master |
31-Aug-2009 12:40
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x 0
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dun expect too much on DOW tonite ..... asia region already started the fall ..... so hope not to see the sell down again ..... china drop seriously again .... nothing new here ..... still the same worry on the bank lending tightening policy ...... time to pick up soon as tocuh the support base ....... |
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richtan
Supreme |
31-Aug-2009 12:23
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Technical Updates on the STI Overall, the week ended higher as the STI opened at 2596.61 (opening at start of week) and closed at 2642.80 (closing end of today), with an intraweek high of 2648.17 and intraweek low of 2574.79. The STI started the week very strongly by gapping up more than 2% on Monday and carried on to climb steadily through the week, breaking above the 2600 psychological resistance in the process. However, by closing today, the index seemed to be stalling at the 2647 resistance, suggesting that this could be a key resistance to overcome in the coming week. The technical indicators continue to signal more bullish signals with the RSI indicator still trending up and the MACD on the verge of a bullish crossover; these suggesting that bullish momentum is likely to continue. For now, our key resistance is pegged at the 2681 (50% retracement of 3906-1455 plunge) while our key support is pegged at the 2485-2503 level (gap during 23-24 Jul '09). Until then, we wish you a good luck for the coming week. Have a great weekend! Warmest Regards, Philip Teo Chun Hwee Associate OCBC Investment Research |
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richtan
Supreme |
31-Aug-2009 12:10
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x 0
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Of course there are losers, those are rfefuse to learn n read n open their minds, anyhow gamble, never dyodd n BOSAR
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richtan
Supreme |
31-Aug-2009 12:08
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x 0
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Tats the right mentality, no such thing as "poor thy neighbour", it should be a "win-win" correct mentality. Lets HUAT together, no secrets barred, all exposed.
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