| Latest Forum Topics / Straits Times Index |
 Post Reply
|
|
STI to cross 3000 boosted by long-term investors
|
|||||
|
ticklish8
Senior |
17-Apr-2009 18:15
|
||||
|
x 0
x 0 Alert Admin |
AFP Market report SINGAPORE, April 17, 2009 (AFP) - Singapore shares closed 0.25 percent higher Friday as investors turned cautious while waiting for more corporate earnings results at home and from the United States, dealers said. The Straits Times Index rose 4.81 points to 1,896.56 on volume of 2.0 billion shares worth 1.12 billion Singapore dollars (745.5 million US). Decliners outpaced risers 262 to 232, with 702 issues unchanged. “We’ve pretty much reached the back end of the rally,” said investment manager Moh Tze Yang of A3 Capital Group. “Any earnings improvement may move share prices temporarily, but sustainable earnings will still have to wait because they’re dependent on the global economy recovering on the whole,” he said. “We don’t see that happening until the fourth quarter of 2009.” Bank stocks were mixed, with DBS closing five cents higher at 9.32, United Overseas Bank climbing 16 cents to 11.22 but Oversea-Chinese Banking Corp falling seven cents to 5.78. In the property counters, CapitaLand eased one cent to 2.85, City Developments lost 21 cents to 6.15 and Keppel Land gained four cents to 1.83. Blue chip stocks were also mixed, with Singapore Telecom up two cents to 2.6 and Singapore Airlines ending two cents lower at 10.86. Shipping firm Neptune Orient Lines tumbled two cents to 1.40. - Dow Jones Newswires contributed to this story - mba/dwa |
||||
| Useful To Me Not Useful To Me | |||||
|
ticklish8
Senior |
17-Apr-2009 17:05
|
||||
|
x 0
x 0 Alert Admin |
HONG KONG, April 17 (Reuters) - Hong Kong shares pared early sharp gains to end only slightly higher on Friday as losses on the Shanghai bourse weighed down locally listed Chinese stocks while Yue Yuen Industrial fell after a share sale by an investor. Among Friday’s outperformers, property stocks were lifted by a Goldman Sachs upgrade on the sector to neutral from cautious, owing to sooner-than-expected signs of stabilisation in major economies. Expectations for an early recovery in the Chinese economy, supported by GDP data released this week, also sent the blue-chip index up 4.7 percent in its sixth consecutive weekly gain. But the market’s advance is unlikely to be sustained given still fragile fundamental support and its nearly 15 percent rally so far in April. “Turnover is still holding up and thats probably because the smart fund managers have already started taking profits,” said Peter Lai, director with DBS Vickers. “The situation hasn’t changed all that much. The upside is limited, while the downside may not be unlimited anymore but there is still a substantial downside to the market,” he said. Investors are also seen to be getting their guard up ahead of key corporate earnings next week. The benchmark Hang Seng Index ended up 0.12 percent at 15,601.27 on Friday, after opening 2.4 percent higher. Turnover edged up to to HK$75.3 billion from Thursday’s HK$74.6 billion. Yue Yuen Industrial , a supplier of sports shoes to Nike and Adidas, plunged 13.33 percent to HK$17.94 on news an investor had sold 20 million shares for HK$18.65 each. Sino Land , which Goldman Sachs rated a ‘buy’, jumped 9.75 percent. Top developer Sun Hung Kai Properties added 1.97 percent, while property conglomerate Wharf Holdings climbed 5.76 percent. The China Enterprises Index of top mainland firms dropped 0.97 percent to 9,052.18. Aluminum Corp of China , better known as Chalco, slumped 4.45 percent to HK$6.19 after Goldman Sachs cut its rating on the stock to neutral from buy, deeming the stock too expensive following its nearly 60 percent rally since the beginning of the year. Cathay Pacific Airways Ltd dropped 3.44 percent to HK$9.26 after the airline on Friday said it would cut passenger and cargo capacity from May following a sharp drop in turnover in the first quarter of 2009. From May, Cathay will reduce passenger capacity by 8 percent and its unit Dragonair will slash capacity by 13 percent. Overall cargo capacity will be reduced by 11 percent. (Editing by Chris Lewis) |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
freeme
Elite |
17-Apr-2009 16:31
|
||||
|
x 0
x 0 Alert Admin |
mkt has been generally more stable liao. I only forecast mild correction even if citi post bad result. Citi price i tink will up and down within $3-$5.. if over $5 means a break tru liao den can keep for long.. hehe
|
||||
| Useful To Me Not Useful To Me | |||||
|
Laulan
Master |
17-Apr-2009 16:17
|
||||
|
x 0
x 0 Alert Admin |
Have you ever seen an old lady climbing up a hill? This is exactly what the Singapore Stock Market is doing. Be patient, she is just half way of the climb and she will reach the top taking time to do so. Cheers. |
||||
| Useful To Me Not Useful To Me | |||||
|
maxcty
Master |
17-Apr-2009 16:14
Yells: "always a learning day for me in trading" |
||||
|
x 0
x 0 Alert Admin |
freeme, when is the report of citi coming out? your view is after citi report is out, market more worst?
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
freeme
Elite |
17-Apr-2009 16:02
|
||||
|
x 0
x 0 Alert Admin |
Up too fast is scary.. Profit taking b4 citi report, They started the rally, they should put a stop to a 6 wk rally. You4 shi1 you4 chong1 |
||||
| Useful To Me Not Useful To Me | |||||
|
divearse
Member |
17-Apr-2009 15:33
|
||||
|
x 0
x 0 Alert Admin |
STI pondering to go up or go down, this shows that people are aware of the risk of a bear rally, sentiments aside, the fact is the data are poor and there is no quick fix to the situation, many cos are running on reserve or back orders, old cash, etc, still got a job and property price is not down fast enuff, so we still dont feel the pinch yet in Spore, blue chips are struggling to inch further, penny stocks suddenly became hot and the trend from analysis are all pointing to "get the ell out", no matter what volume is going thru, I see a lot of institutional profit taking, I am oso out of here...you can catch the falling knife if you think you are as good as the kung fu master who grab the blade with his lips...hehehe...<what's that red stuff dripping?> My gut feel is that history will repeat itself, can always come back to invest another day rather than risk it for a quick buck, if you are not glued to the screen, get out of the market before wetting your keyboard with tears. |
||||
| Useful To Me Not Useful To Me | |||||
|
stockseeker
Member |
17-Apr-2009 15:04
|
||||
|
x 0
x 0 Alert Admin |
Erh. Profit taking going on??? |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
stockseeker
Member |
17-Apr-2009 14:43
|
||||
|
x 0
x 0 Alert Admin |
Asian stock markets Indices have climbed substantially but SG is going on a knee-jerking snail pace, don't you think? Sian. |
||||
| Useful To Me Not Useful To Me | |||||
|
aleoleo
Master |
17-Apr-2009 13:06
|
||||
|
x 0
x 0 Alert Admin |
DJ continuos up for two straight days liao.... however market still remain weak, no big movemenat at all ... despite the bear trend still intact .... stocks are heading downwards slowly..... trade with care |
||||
| Useful To Me Not Useful To Me | |||||
|
Livermore
Master |
17-Apr-2009 12:35
|
||||
|
x 0
x 0 Alert Admin |
I have sold some shares already and still have some others holding and watching | ||||
| Useful To Me Not Useful To Me | |||||
|
maxcty
Master |
17-Apr-2009 12:26
Yells: "always a learning day for me in trading" |
||||
|
x 0
x 0 Alert Admin |
he is..an interesting member and a nice & helpful shifu 
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
iPunter
Supreme |
17-Apr-2009 11:49
|
||||
|
x 0
x 0 Alert Admin |
Uncle AK... :) You are so interesting forum member... hehehe... 
|
||||
| Useful To Me Not Useful To Me | |||||
|
AK_Francis
Supreme |
17-Apr-2009 11:18
Yells: "Happy go lucky, cheers." |
||||
|
x 0
x 0 Alert Admin |
Yoh, tks 4 d compliment. Q to tech nake shorting for GI n GAR. Yah not yet taking breakfast, go down kopitiam to take brunch. Ha ha, had agreed to ah sohs that AK sure kena Toto one, blanjar them curry fish head loh. Where $ fr, sell Citi lah in DJ opens, at 4.12(closed 4.01, ha early bird) more than kena toto 4+1 in system 8.
|
||||
| Useful To Me Not Useful To Me | |||||
|
ozone2002
Supreme |
17-Apr-2009 10:27
|
||||
|
x 0
x 0 Alert Admin |
to play the stock market..dubbed the worldest biggest casino.. we use charting to "predict" the probability of winning.. if ur probility is higher..u are more confident in ur trade.. of course in any casino..there's a chance of losing when the odds of winning are high.. that's where u have a stop loss.. :) | ||||
| Useful To Me Not Useful To Me | |||||
|
iPunter
Supreme |
17-Apr-2009 10:23
|
||||
|
x 0
x 0 Alert Admin |
Uncle AK... :) Hahaha... you are so lucky and also smart... Now you have more money for Carlesberg and Stout... hehehe...
|
||||
| Useful To Me Not Useful To Me | |||||
|
AK_Francis
Supreme |
17-Apr-2009 10:11
Yells: "Happy go lucky, cheers." |
||||
|
x 0
x 0 Alert Admin |
Yah, heard that those who had attended d so-called investment chart courses had made ton of $. Should be true loh. Ha ha, not cheap to attend d course, 3k at least. But no harm to attend d pre-course briefing. Ha ha, AK dare not to attend, Chinese edu, bai shei loh, worry dun understand talking. But quietly learning fr all d sifus in d forum, at least now understand wat talking on d A, B, C of d chart. Of course including d Moving Average, not MilliAmpere in electrical engineering.
|
||||
| Useful To Me Not Useful To Me | |||||
|
derricktan
Member |
17-Apr-2009 10:05
|
||||
|
x 0
x 0 Alert Admin |
Nothing is 100% . dont ever trust 100% FA of the analyst and earning reports..remember Enron, ferrochina. For me still mainly TA..and a bit of FA. Well you will have to find your own way of making money in the market. I have been doing that. Cheers and happy trading. |
||||
| Useful To Me Not Useful To Me | |||||
|
keepnosecrets
Master |
17-Apr-2009 09:27
|
||||
|
x 0
x 0 Alert Admin |
Long ago I oredi found charts can be engineered. So charts will not contribute 100 percent of decision. Example of how a chart can be doctored I give you the following scenario. The px or the indices of 50 days m.ave = X and the 20 days= X-5 and the 5 days ave= X-3. (Note: X is a point on the chart.) To prevent the 5MA from crossing the 50MA, (which if allowed to cross will mean market up), but say the BB does not want the market to be up, BB sells down or make it (shares or indices) close down on the day of pending cross up of 5MA over the 20MA. So no crossing, no rising market. If BB wants the crossing up, then BB buys up to have a higher closing so the moving average crossing is seen, and the market will be said to be going up. Do you agree? |
||||
| Useful To Me Not Useful To Me | |||||
|
iPunter
Supreme |
17-Apr-2009 09:15
|
||||
|
x 0
x 0 Alert Admin |
A chart only charts the past action (up till yesterday)... By itself, a chart is practically useless as a predictive tool... (But many use charts to reinforce their personal or collective bias). No matter what, in the stock market, it is still all a matter of betting... |
||||
| Useful To Me Not Useful To Me | |||||