Straits Times Index   

STI

Hi guys ~! Could it the unrest again in the middle & China rise it's interest rate ?

 

market crash today... why huh?

I tot after the National Day Rally last night, it would be good.

 

Sti top 20 listed after it morning ruo is having a rest, a short pause to catch some breath before running again, sti 2500 in coming and seem like it have to wait for a week or two depend on Dow performance. 

 

STI should have no problem touching 2,500 this week. There should be a mini rally today after PM Lee's rally speech last nite. Shiok!

 

Hope STI can smell 2,500 next week ....... :)

 

STI slow moving today.... well... at least its a green day

 

North Korea is reported to be preparing to conduct an underground nuclear test. Fear will return. Oil prices will rise.

 

STI may be benefited from PM's speech this Sunday. See extract of posting by OCBC below: 

This Sunday, Prime Minister Lee will be giving his third National Day Rally Speech and as the local economy is still on track to deliver the 6.5%-7.5% growth for this year, we expect the speech to display further optimism towards encouraging pro-Singaporeans schemes and continue to strengthen Singapore's position as a finance and knowledge-based economy with widening focus on culture and fun over the next 10-20 years. On the impact on the market, and depending on the tone of the speech, this could provide a small fillip to the market on Monday.

 

STI open up to sti-2,478 and top vol is Synear Food, it 1st trading day

ST Index

2,478.27  +7.62

 

A pre rally for sti as stocks tend to move ahead as all good indication and no further bad news liao, a day before PM Lee rally speech.

 

We will have our own STI rally next Monday after Sunday's PM Lee rally speech ..... watch out!

 

STI to test/touch 2,478 to 2,480. Dow is up 25 pts at this moment.

 

Singapore's non-oil domestic exports (NODX) increased at a slower than expected 8.4% in July from last year, pulled back by weaker shipments of electronics and chemicals, the government said. On a month-on-month seasonally adjusted basis, it fell 1% in July after a three percent increase in the previous month, it said.



Analysts had projected July's key exports would rise 12.5-17.5 percent.



Electronic exports, which accounted for slightly less than half of overall NODX in 2005, grew 5.0% in July to $6.62b.



The sector was hurt by a 23% decline in disk drive exports which were valued at $843m in July, and a 21% drop in personal computers, worth $86m.



Non-electronic exports, comprised mainly of pharmaceuticals and petrochemicals, rose 11.7% to $7.14b.



Pharmaceuticals grew 7.1% to $1.27b in July, much slower than in June when the sector expanded 25% to $1.45b.



Petrochemicals exports rose 11.5% to $1.02b compared with the 32% rise in June, to $1.10b.



Shipments to Singapore's key markets -- the United States, Malaysia and Hong Kong -- were higher in July but these gains were held back by declines in other destinations including the European Union, Japan and China, IE Singapore said.



Singapore's monthly NODX figures are closely watched because the economy is heavily trade-driven with external demand three times the size of the city-state's gross domestic product (GDP) which was valued at $194b in 2005.



Analysts see no cause for alarm despite the city-state's weaker export growth in July, which they blamed on volatility in the pharmaceutical sector. Pharmaceutical plants undergo temporary shutdowns to prepare for the next production of a new drug mix or for maintenance.



Regional economist Song Seng Wun of CIMB-GK Research said the technology sector can expect a rebound in the coming months with demand typically perking up with the Christmas season.



"We expect tech export to rebound back to the low- to mid-teens range over the next couple of months on the back of a smaller drag from disk drives," Song said.

 

One of the bad news at 1pm is that Singapore's non-oil exports for July  had declined 1%, which is unexpected due to two months of growth previously. Don't see other bad news. This alone shouldn't shake too much.

 

yes... Nos is rite..

something bad happening... anyone has any ideas?

 

Market suddenly turned bearish. This may be a sign of things to come.

 

cashiertan is right! the volume trading now is still too low to be considered a rally.

A rally should be broad based (many stocks have advanced), high volume (rule of thumb:  > 1500 million) and STEADY increase in STI index

 

IT is the Volume, volume not enough, the rally will be unsustainable. DOW most likely will correct today or tomolo If not, unhealthy.

 

Yahoo!! dow is up so is sti, alot more stocks will be green then red.

 

A lot of whether STI hit those levels will also depend on what PM Lee says in the National Day Rally.  But don't look at having too much goodies this year as the message of prudence and being careful over internal security will still be the highlight.

Monday will be interesting.

Cheers.