Straits Times Index   

STI to cross 3000 boosted by long-term investors

STI will probably have minor correction today. tommorow is the start of the long weekend and people do not want to hold positions for too long.

 

The Dow is kinda flat tonight.

 

Sorry to derail a bit....this may sound stupid but can i ask at the start of the trading day, the opening price is determine by the buy price or the sell price?

For eg, if yesterday closing price is $1, then on the next day, if there is buyers at $1.02, and also there might be sellers at $0.98, so which at which price will the opeing price transact?

 

Hope to bring some smile back, thk Qs :)

 

All long term (foreign) investers will turn STI Index to a new high, STI turn from all red yesterday to o all green today.

New STI 3,500 seem sooner then expected (my expectation is in July 07).

 

3-4-07(Wed) ST Index    Last:3332.92 pt  Vol:2,475.7mil   +44.56

Yet it seem only yesterday......:)

teeth53 Elite		Posted: 31-Mar-2007 18:50
		Straits Times Index  (Fri)  Last:3231.24   Vol: 1,779.7 mil    +2.36
teeth53 Elite		Posted: 29-Mar-2007 19:06 (Thurs)
		Straits Times Index    Last:3228.88   Vol:3,820.4m   p +27.13
teeth53 Elite	Posted: 12-Mar-2007 00:49
	Dow spring it trading time is early by an hours indicating forward looking.   will it further boost it to next STI TP 3,500 ??  Cheonggg.... ahhh..........:))
teeth53 Elite	Posted: 03-Mar-2007 13:16
	Counters like ST Engineering, Gen't, Singtel, Starhub, Bank, Reits, certain water stocks and trust, SGX and other index stocks will do well in coming days. It said Genting endures volatility amid selldown, has since recovering fast to more then 0.80c

 

 

5th day of uptrend+ Full moon= sell the rallies

Todays action looks like short covering .

The index could be a second top if the rally fails to follow through tomorrow.


 

 

The volume today is extremely good. More than 1.6 billion shares already.

 

index and market moving as expected before 16th April...it is only when the tide is down that you know who is naked...good luck

 

Alamak... seems to be falling now. Maybe it rose too high too fast.

 

Apparently, the moon phases are often only "triggers" for human actions, it seems.

For some mysterious reason, it does not dictate pessimism or optimism when applied to the stock market. It is sometimes used to time turning points in the market, but I must say it is not a fail-safe factor to be relied upon exclusively. Other factors also concurrently work in tandem.

 

if STI can head north...with gd vol...the bulls are back in town....:)

 

Hi Newmoon,

What's your views for today? Dow was up 128 pts, STI up  ??????? pts by end of today,

Apr 2nd, Monday was full moon, you call for a SELL, today what's your views???

Will the moon affect the stock markets???????? Any relations with the moon and stock market???????

Or the DOW JONES, NIKKEI, HANG SENG affect the stock markets more??????

 

Hi victorf!

I believe you are right! Today will be a very good day!  Bull run is back I think!

 

seems the market will retouch the new high early than my expectation (before 16th April)...short term wise still bullish before 16th April ...good gain for last few sessions...waiting for further confirmation of trend...good luck and not for contra

 

Posted: 29-Mar-2007 17:16

x 0 x 0

market close at 3228...you think it is coincidence??? better wake up and not in self denial as "PARKING" in place for US market tonight...once break above, will re-touch the high before 16th April...good luck and not for contra Posted: 28-Mar-2007 11:58 x 0 x 0 nice to see the last third waves down (normal 3 waves down before bottoming with each wave smaller ripple for mid-term) for index while still remaining around 3193 (3228 as the pivot point for mid-term uptrend to remain intact)...think the uptrend is still intact and advise buy on dip for good counters esp. property, oil and chip stocks..good luck and not for contra

 

elfinchilde : Thank you very much for the tutorial.

Still hungry for more  : )

(arial2)

 

hey baseerahmed,

the component stocks of the STI are chosen based on their market capitalisation. They pick stocks across all industries, from large, mid and small caps. This is for representation; with larger proportion weightage given to the large caps (ie, blues). what this means is that the STI gives a snapshot of broad market performance, normally. ie, the 'health' of the market, across industries, across large/mid/small caps.

 

where an individual counter you hold deviates from the STI, is generally when there is rotational play in market (like in late jan/feb), and/or where your counter has specific good/bad news, so that it moves regardless of the STI.

 

Larger proportion weightage means that some stocks in the STI moves the STI more. eg, if you see SIA and CDL being bought up like crazy, the STI will shoot up even if its small caps don't do well: an eg was just before CNY, when STI went up but pennies and broad market were bleeding, due to select buying of only blues by BBs.

 

So what this means all in all is that in a healthy market, you can take the STI as a general indicator of performance for all stocks (such as this run up from May 06 to Jan 07), but in a trending market, where there's select buying and sudden shocks, be very careful of taking STI as indicator.  

 

weightage matters if you play sti warrants. haha. you can conceivably derive a formula of correlation based on the largest components, and convert to equivalent price and hence movement of the warrants. tho the work put in might not be worth the effort.

 

Up 20 points now

 

I just read news that more Vietnamese companies may get listing on our stock market! That is good news! Vietnam is the second fastest economy in Asia!

 

hahaha

 

Aiya... ni bu ming bai ?...

Neither do I...

Anyone can help explain the weightage assigned to each STI component stock?

 

iPunter  : wah boh ming pai * ...  "Apply a weight based on their respective free float percentage, to the constituents".

What does that mean in simple English .

* i don't understand