Shares on the measure trade at an average 14.6 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the market.
The benchmark index remains within its recent 60-point trading range, with all eyes on China’s 4Q data due 10:00 a.m. for further cues; a bullish growth number is likely to be taken negatively by investors, more like a red flag to more tightening from Beijing.
Shares on the measure trade at an average 14.8 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Phillip Securities says last night’s round of soft same-store sales figures from the U.S. “should place even more weight on tonight’s non-farm payrolls number. The market will be looking for confirmation that the recovery is still intact.”
Shares on the measure trade at an average 14.9 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Phillip Securities says last night’s round of soft same-store sales figures from the U.S. "should place even more weight on tonight’s non-farm payrolls number. The market will be looking for confirmation that the recovery is still intact."
There are 2.5 gainers per decliner in the broad market; two thirds of STI stocks are in the green. Volume is decent thus far with 531 million shares traded.
Singapore’s Straits Times Index gained 0.4% to 3,157.79 as of the 12:30 p.m. trading break. Four stocks advanced for each that fell in the benchmark equity index of 30 companies.
Shares on the measure trade at an average 15.4 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg.
The following shares were among the most active in the market. Stock symbols are in parentheses after the company name.
Singapore’s Straits Times Index gained 0.4% to 3,152.41 as of 9:15 a.m. Twenty-six stocks advanced, while two fell in benchmark equity index of 30 companies.
Shares on the measure trade at an average 15.3 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg.
The following shares were among the most active in the market. Stock symbols are in parentheses after the company name.
SATS (S58.SG) off 0.4% at $2.83, giving back some of yesterday’s 0.7% gain which came amid a weak market on news the company has completed the acquisition of Japan Airlines International’s entire 50.7% stake in in-flight caterer TFK Corp. for $122 million.
Phillip Securities, which has a Buy call and raises its target to $3.48, says the purchase is a proxy to growth at Japan’s Narita and Haneda airports.
Singapore’s Straits Times Index gained 0.4% to 3,143.94 as of the 12:30 p.m. trading break. Seven stocks rose for every two that fell in benchmark equity index of 30 companies.
Shares on the measure trade at an average 15.3 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg.
Singapore shares manage to cling to their modest gains, supported by an advance across Asian markets, but activity is minimal with only 415.6 million shares worth $413.6 million traded.
Gainers outnumber decliners by more than 2 to 1.
Singapore’s Straits Times Index rose 0.4% to 3,212.18 as of 9:10 a.m. local time. Twenty-three stocks gained and two fell in the benchmark equity index of 30 companies.
Shares on the measure trade at an average 15.6 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg.
The following shares were among the most active in the market. Stock symbols are in parentheses after the company name.
Shares on the measure trade at an average 15.3 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Bounce off session lows by China shares helping stocks in Singapore pare losses, although index still expected to end down given concerns over more tightening measures by Beijing.
STI off 0.4% at 3,144.70 vs 3,134.43 intraday low. Shanghai Composite Index ends down 1.6% at 2,820.18 vs 2,758.92 intraday trough.
STI down 0.4% at 3,145.84, tad off lows but unlikely to regain positive ground as regional bourses down sharply, hit by China tightening jitters.
UOB KayHian reiterates neutral stance on STI, expects to see possible correction moving ahead; says technicals remain bearish, with 3,118 support, then 3,040.
Shares on the measure trade at an average 15.6 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Singapore shares buck gains in most other Asian bourses, catching up with region-wide weakness yesterday, when market closed for public holiday. STI off 0.4% at 3,198.47 midday, expected to end above current November low of 3,150, according to Dow Jones.
Decliners outnumber gainers by more than 2 to 1 in broad market. “For now, we advocate a sell-into-strength strategy,” says UOB KayHian, citing fresh sell signals from technical indicators. Plantation stocks weak as China’s plans for price controls on basic necessities fuel concerns of softer CPO demand, prices.
Wilmar (F34.SG) down 2.4% at $6.16, Golden Agri-Resources (E5H.SG) down 2.1% at $0.715, Indofood Agri Resources (5JS.SG) down 1.1% at $2.63. Genting Singapore (G13.SG) most active in market, down 2.9% at $2.04, after Macquarie’s downgrade to Underperform from Neutral on view market too bullish over gaming group’s earnings prospects.
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