Back

Latest Forum Topics / Straits Times Index

Post Reply

STI Post Reply Rate topic
DnApeh Master	17-Oct-2007 11:13        DnApeh About Contact  Quote this Post!
x 0   x 0  Alert Admin	BB may yet surprise us today. (again) Trade carefully.
Useful To Me  Not Useful To Me
Pinnacle Master	17-Oct-2007 11:11        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Recovering Strongly. STI Cheong!
Useful To Me  Not Useful To Me
arowana1 Member	17-Oct-2007 08:06        arowana1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	im TA noob so wat im saying is juz my reading.  after yesterday, sti confirm into wave 4.  looks like another day of down before start of wave 5?
Useful To Me  Not Useful To Me
solar2000 Member	17-Oct-2007 03:15        solar2000 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think this is just the beginning... Factor in 'Technical Correction' too.
Useful To Me  Not Useful To Me
Pinnacle Master	17-Oct-2007 00:13        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	SE Asia Stocks-Banks drag Singapore to near 2-wk low Singapore stocks closed at their lowest level in nearly two weeks on Tuesday, weighed down by losses in financial stocks after a gloomy outlook from Citigroup reignited credit market worries. The city-state's Straits Times Index <.STI> fell 1.3 percent to levels last seen on October 5, with losses led by United Overseas Banking Corp , down 2.6 percent, and bourse operator Singapore Exchange Ltd which lost 2.5 percent. Thai shares <.SETI> slipped 0.3 percent, after touching their highest intra-day level since 1996. Elsewhere in Southeast Asia, Malaysian stocks <.KLSE> ended 0.2 percent lower, the Philippine index <.PSI> lost 1.2 percent and Vietnam stocks <.VNI> were off 0.1 percent. The Indonesian stock market <.JKSE> was closed for a holiday. Dealers in Singapore said foreign investors led the sell-off and dragged down blue chips like Singapore Airlines , which fell 2.5 percent, and property firm CapitaLand which lost 3.1 percent. However, analysts said they believed foreign inflows into Asian stocks would remain strong even though valuations were not exactly cheap any more. "What is moving Asian stock markets is its top-down marginal macro momentum, not bottom-up valuations. Elsewhere in the world, there is not much growth, a situation that does not appear set to change," said Merrill Lynch's Mark Matthews in a research report. Losses in Thailand were led by Advanced Info Service , down 2.2 percent, after the country's top mobile phone operator said last week it expected lower third-quarter earnings. Krung Thai Bank , due to report its quarterly earnings later in the week, fell 4.2 percent. Kasikornbank dropped 1.8 percent after it reported a smaller than expected 11 percent rise in quarterly net profit, as stronger loan growth obliged it to make more provisions than expected. [ID:nBKK166807] Banks saw investor selling after Citigroup said on Monday that third-quarter profit fell 57 percent as losses mounted from subprime and leveraged loans, fixed-income trading and its U.S. consumer business. Thai market losses were limited by gains in energy stocks such as PTT PCL , which climbed 5.5 percent as oil prices hit a record above $86 a barrel. In Malaysia, losses were led by Bumiputra Commerce which fell 3.6 percent and Telekom Malaysia which dropped nearly 2 percent. In Manila, Philippine Long Distance Telephone Co lost 1.1 percent and Ayala Corp fell 2.6 percent.
Useful To Me  Not Useful To Me
winsontkl Elite	17-Oct-2007 00:05        winsontkl About Contact  Quote this Post!
x 0   x 0  Alert Admin	The slide continue, doesn't look good for tomorrow as well: "First of all, the worry is we're getting more bad news on housing. Number two is higher oil prices. That's a pretty bad combination," said Hugh Johnson, chief investment officer of Johnson Illington Advisors.
Useful To Me  Not Useful To Me
mirage Veteran	16-Oct-2007 18:52        mirage About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quotes: Financial stocks led Asian markets lower on Tuesday after a gloomy outlook from Citigroup reignited credit market worries, but a fresh life high for oil prices helped boost some energy stocks. European stocks were seen recovering from the previous session's fall sparked by the credit fears, with financial bookmakers calling for modest opening gains. TOKYO Japanese share prices closed down 1.27 per cent on Tuesday, hit by losses on Wall Street and renewed concerns about the fallout from problems in the United States mortgage sector, dealers said. They said financial shares were under pressure after Japan's biggest brokerage firm, Nomura Holdings, reported large losses on mortgage-backed securities because of the subprime loan crisis. The Tokyo Stock Exchange's benchmark Nikkei-225 index of leading shares fell 220.23 points to 17,137.92. The broader Topix index of all first-section shares dropped 32.19 points or 1.94 per cent to 1,625.25. SHANGHAI Chinese share prices rose 0.97 per cent in Tuesday morning trade amid hopes for strong quarterly earnings in the banking sector and the bourse's recent record-breaking performance, dealers said. They said morning gains came after the benchmark Shanghai index broke through the key 6,000 points level for the first time Monday, with banks supported by a China Merchants Bank announcement that its profits would surge. 'Investors' interest in banks was sparked by Merchants Bank's strong profit growth forecast,' said Mr Di Yongzhong, an analyst at GF Securities. The Shenzhen-based bank forecast a net profit gain of more than 100 per cent in the first nine months to September, citing a sharp increase in income from lending and fee-based services. The benchmark Shanghai Composite Index, which covers both A and B shares, ended the morning up 58.39 points or 0.97 per cent at 6,088.48, after hitting a new intraday record of 6,124.04. HONG KONG Hong Kong blue chips fell 2 per cent and China plays declined 1.6 per cent amid massive turnover on Tuesday as investors booked profits in PetroChina Co Ltd and other recent gainers after the market rallied to fresh records. The benchmark Hang Seng Index ended at 28,954.55. The China Enterprises index of H-shares , or Hong Kong-listed shares in mainland companies, finished at 19,441.33. KUALA LUMPUR The Kuala Lumpur Index shed 1.78 points to 1373.47 at the lunch-break.
Useful To Me  Not Useful To Me
mirage Veteran	16-Oct-2007 18:29        mirage About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quotes: October 16, 2007, 5.00 pm (Singapore time) STI closes down 1.3% Share prices finished lower on Tuesday, with the key index slipping 1.33 per cent.   The Straits Times Index shed 51.30 points to close at 3,810.72, on turnover of 3.35 billion shares valued at $3.37 billion (US$2.30 billion). Overall, declining issues outnumbered advancing stocks 722 to 216.
Useful To Me  Not Useful To Me
DnApeh Master	16-Oct-2007 16:43        DnApeh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Forget about funeral parlour... When there is blood on the street, it is time to take your pick of the blues.
Useful To Me  Not Useful To Me
Centaur Veteran	16-Oct-2007 16:42        Centaur About Contact  Quote this Post!
x 0   x 0  Alert Admin	looks like recover a bit. likely to close above 3,800pts..
Useful To Me  Not Useful To Me
saturn Member	16-Oct-2007 16:37        saturn About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anyone care to in invest my new business proposal??? Thinking of opening a funeral palour along shenton way.... Sure make money.....
Useful To Me  Not Useful To Me
CWQuah Master	16-Oct-2007 16:30        CWQuah About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	This is only day 1 of the crash. Tomorrow should be another bloody day going by the DJIA futures currently.
Useful To Me  Not Useful To Me
Pinnacle Master	16-Oct-2007 16:17        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Its very bloody out there. Shedded almost 2%. Hold on tight for the rough ride. Taken new position today and hopefully tomorrow is a good green day...
Useful To Me  Not Useful To Me
Pinnacle Master	16-Oct-2007 08:50        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	STOCKS NEWS ASIA-Markets fall as bank shares sag HONG KONG, Oct 16 (Reuters) - Asian stocks eased on Tuesday with banks under pressure after a gloomy outlook from Citigroup reignited credit worries, but a rally in oil prices to a record high above $86 a barrel helped propel energy shares higher. Citigroup , which posted a 57 percent fall in third-quarter profit on Monday, said U.S. consumer credit will likely weaken this quarter after mortgage delinquencies accelerated. [ID:nN15323179] After the U.S. market close, Federal Reserve Chairman Ben Bernanke said U.S. financial markets were healthier following a turbulent summer but a full recovery would take time. [ID:nN15395517] "The subprime issue has re-emerged in the market, but since there are many people who believe the worst has already been overcome, this is more likely to inhibit active buying rather than lead to active selling," said Hiroichi Nishi, general manager at the equity division of Nikko Cordial Securities. At 0027 GMT, MSCI's measure of Asia Pacific stocks excluding Japan <.MIAPJ0000PUS> had shed 0.6 percent, while Tokyo's Nikkei average <.N225> fell 0.8 percent. On Monday, the MSCI index rose nearly 1 percent to within a hair's breadth of its record high set last Thursday. Investors sold bank shares after Citigroup's warning. Top Japanese lender Mitsubishi UFJ Financial Group <8306.T> fell 3.4 percent, South Korea's Kookmin Bank <060000.KS> lost 2.1 percent and Australia's Macquarie Bank and National Australia Bank both fell more than 1 percent. But energy stocks climbed on expectations that record high oil prices would boost profits. Japan's oil explorer INPEX Holdings <1605.T> jumped 3.9 percent and Australia's oil and gas producer Santos added 1.1 percent. U.S. crude jumped nearly 3 percent to a record above $86 a barrel on Monday as fresh tensions in the Middle East added to supply worries. Oil was at $86.29 in early Asian session. Still, weakness in banks weighed on the wider markets, dragging both South Korea's benchmark KOSPI <.KS11> and Australia's S&P/ASX 200 index <.AXJO> down 0.7 percent. Credit worries sparked by Citigroup also weighed on Wall Street, sending the blue-chip Dow Jones industrials <.DJI> and wider S&P 500 index <.SPX> to their worst day in five weeks with each falling about 0.8 percent.
Useful To Me  Not Useful To Me
lancecsc Member	16-Oct-2007 00:10        lancecsc About Contact  Quote this Post!
x 0   x 0  Alert Admin	ya, roller coaster ride?
Useful To Me  Not Useful To Me
Pinnacle Master	16-Oct-2007 00:07        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tomorrow? Hold on tight for a rough ride. But if have holding power, look out for bargain pick ahead of quarterly reports.
Useful To Me  Not Useful To Me
winsontkl Elite	15-Oct-2007 23:50        winsontkl About Contact  Quote this Post!
x 0   x 0  Alert Admin	How will tomorrow fare???? Dow has broken its 14000 support points and Europe is in the red..... worse oil has set a new record price of US85..... what's next????
Useful To Me  Not Useful To Me
Pinnacle Master	15-Oct-2007 21:03        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	SE Asia Stocks-Thai stocks at near 11 yr peak as oil hits high SINGAPORE, Oct 15 (Reuters) - Thailand stocks rose to touch their highest level in almost 11 years on Monday, helped by top energy firm PTT PCL's record-smashing run as oil prices hit an all-time high above $84 a barrel. Shares in Thailand <.SETI> were up 1.2 percent by 0941 GMT, trading at a level last seen in December 1996. The index has risen almost 32 percent this year. Credit Suisse started coverage of the Thai stock market with an overweight rating on Monday, saying valuations for the market had reached excessively low levels. "If we are right that the economy enjoys a healthy recovery, the market could see a lasting re-rating," Credit Suisse analysts Dan Fineman and Siriporn Sothikul said in the note. Other Southeast Asian markets were also up, with Singapore's Straits Times Index <.STI> and the Vietnam stock index <.VNI> both closing up 0.1 percent and shares in the Philippines <.PSI> ending 1 percent higher. Stock markets in Malaysia <.KLSE> and Indonesia <.JKSE> were closed for a public holiday. In Thailand, high oil prices drove energy companies to fresh highs, with PTT PCL up as much as 5.1 percent and PTT Exploration and Production PCL gaining 6.3 percent. The index for Thai energy and utilities stocks <.SETEN> hit an intra-day record of 22,522.35 points. U.S. light crude hit a record high of $84.79 a barrel on Monday, as mounting tension between Turkey and Iraq added to a rally fuelled by winter supply worries and weakness in the dollar. [ID:nSP229995] PTT Chemical PCL , Thailand's largest olefins maker, rose 5.4 percent after Merrill Lynch said it expects the company to post record net profit after tax for its third quarter. In Singapore, lenders United Overseas Bank and Oversea-Chinese Banking Corp helped lift the STI, rising 0.9 percent and 0.5 percent respectively. Beer-to-property conglomerate Fraser & Neave was up 2.6 percent after a local newspaper said the firm's new chairman and consultant Lee Hsien Yang -- brother of the city-state's prime minister -- may help block any potential takeover by Dutch brewer Heineken . But gains were capped by Singapore Telecommunications' 0.5 percent fall. The region's top telecom firm plans to bid for a majority stake in state-owned Ghana Telecom in a deal likely to be over $500 million, banking sources told Reuters.
Useful To Me  Not Useful To Me
Pinnacle Master	15-Oct-2007 11:51        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Immediate outlook: The Straits Times Index?s (STI) climbed to a new all time high of 3,906.16 (intra-day) last week before ending the week marginally lower at 3,857.25. The index was up 35pts or 1.0% higher week-on-week. In the last 2 trading days, there were 2 inside days, which suggest that the fight between the bulls and bears are pretty even. For the upcoming week, the STI is expected to continue to trade in a tight band of 3,800 and 3,950. The breakout could go either way. A break above the 3,950 level would send the index towards the 4,015 level. On the other hand, a break below the 3,780-3,800 support would likely see the beginning of a new ST consolidation. Trade cautiously this week. Medium-term outlook (2-6 months): The index is still looking positive over the mediumterm, as the long-term uptrend channel is intact. The index fell back into the LT middle band resistance turned support in Aug but the bulls managed to repel the bears? advances. The index is still attempting to take out its LT middle band resistance at 3,780-3,850. A breakout could send the index towards the 4,015-4,225. The strong support for the index can now be found around the 3,500 support followed by 3,260.
Useful To Me  Not Useful To Me
Newbie2007 Member	13-Oct-2007 21:25        Newbie2007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi all, Is STI in Elliot wave 5 now? Wave 5 is the most powerful after which equities market will slowly become more bearish.... Can someone enlighten me?
Useful To Me  Not Useful To Me

                                                         First   < Newer   621-640 of 1135   Older>   Last