Small caps are the most active in Singapore trade, with low-priced plays in favor amid a general lack of newsflow to guide investors.
Broad market direction is generally up, with just under 2 gainers for every decliner.
FTSE ST Catalist Index +1.7%, FTSE ST Small Cap Index +0.4% vs STI +0.1% at 3,207.16. UOB KayHian says while STI’s technical picture is looking better, “we would like to see the index break above the resistance of 3218 before putting our chips on the table.”
STI off 0.2% at 3,152.48, likely to remain in red for rest of session despite recovery in some regional bourses, as interest looks set to remain weak in Singapore market in near term.
The Competitive Enterprise Institute supports more freedom and less bureaucracy for temporary foreign workers who are not U.S. citizens. Opponents are not convinced. –
H-1B
visa policy as currently run by the United States Customs and Immigration
Services is under attack from all sides.
An
October advocacy paper by a conservative-leaning think tank calls for
abolishing time restrictions, lowering or eliminating most of the fees, ridding
company sponsors an…
Singapore stock market much quieter vs yesterday with players having few leads to follow as key Asian bourses closed, corporate newsflow thin, says Dow Jones.
Overall volume 1.11 billion shares worth $731.6 million vs Wednesday’s full day 3.47 billion shares worth $2.39 billion.
STI off 0.1% at 3,093.26 midday after drifting in tight 3,091-3,102 band in morning. Support at August 3,043 high, resistance at year-to-date 3116 peak. Market breadth flat vs positive in early trade.
Singapore shares flat despite Wall Street’s pullback; market lacks leads from regional markets with Japan, Korea, China, Hong Kong shut for public holidays, says Dow Jones.
Gainers outnumbering decliners by 2 to 1, with lower liners again outperforming blue chips. STI flat at 3,097.06 vs +0.2% at 3,102.76 earlier, with support at August 3,043 high, resistance at year-to-date 3,116 peak.
“The STI has been slow in pushing to the upside and failed to close above the 3,100 level, indicating a lack of conviction,” says Kim Eng Securities; “expect range-bound trading today.”
FTSE ST Small Cap Index +0.5%, FTSE ST Mid Cap Index +0.4%. Among lower liners, most sought-after plays include VDH Energy (595.SG), +6.3% at $0.17, GMG Global (5IM.SG), +3.7% at $0.28, UMS Holdings (558.SG), +5.4% at $0.49.
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Singapore shares tad lower by end of morning session as investors digest gains from yesterday’s rally, according to Dow Jones.
STI off 0.3% at 3,056.68 midday, may hold above August high of 3,043. Market breadth slightly negative, with volume driven by Genting group, small caps such as Kreuz Holdings (5RK.SG), +12.4% at $0.455, Spice i2i (M09.SG), +4.0% at $0.13, TSH Corp (574.SG), +14.7% at $0.195.
“The pullback is not a bad thing as it will give investors ammunition to buy more. With no strong leads in the market, the attention has again shifted to the lower liners,” says trader at local house.
Among STI components, Olam (O32.SG) off 1.3% at $2.95, Hongkong Land (H78.SG) off 1.5% at US$6.01, CapitaMalls Asia (JS8.SG) off 1.8% at $2.21.
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Action in Singapore bourse still largely centered on lower liners, with blue chips mostly flat amid lack of firm leads, according to Dow Jones.
STI +0.1% at 3,014.41 midday, expected to hold above 3,000 for rest of session but likely below year-to-date 3,043 high.
Market breadth tad positive, with small caps dominating trade.
Singapore small-cap stocks in demand as retail investors start returning to market after conspicuous absence since beginning June, says Dow Jones.
FTSE ST Small Cap Index +0.4% midday, with 9 out of top 10 most active stock in market under $0.50. In contrast, STI +0.1% at 2,873.18, not expected to test 2,900 for rest of session.
“It looks like interest in small caps and penny stocks is returning. There’s more participation from retail investors,” says dealer at local brokerage.
Small caps in play include Ban Joo (B07.SG), +12.5% at $0.045, GMG Global (5IM.SG), +2.3% at $0.225, UPP Holdings (U09.SG), +5.4% at $0.195, Armstrong Industrial (A14.SG), +2.2% at $0.465, all actively trade.
Broad market volume modest at 847.6 million shares worth $472.3 million vs yesterday’s 1.20 billion worth $1.05 billion.
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Investors’ appetite for Singapore blue chips likely to remain subdued ahead of earnings season, with Singapore Press Holdings (T39.SG) being first STI company to report results, due after market close today, says Dow Jones.
November for Microsoft has involved the acquisition of two companies, one focusing on health care IT and the other on automating processes within the data center. But those are relatively minor compared with Microsoft’s escalating battle with Google over the U.S. search market. Even as both sides continue to produce new features, including Twitter integration, a Mozilla executive suggests that Microsoft’s Bing search engine has a better privacy policy than Google, a statement that will doubtlessly spark massive amounts of debate online.
– Talk about the enemy of your enemy being your friend: in a Dec. 10 post on his blog, Asa
Dotzler, Mozilla’s director of community development, said, quot;Bing does
have a better privacy policy than Google, quot; and urged users to switch
Firefox to Microsoft’s search engine via an add-on.
That…
AT T exec Ralph de la Vega tells a U.S. Bancorp investor conference that AT T is upgrading its networks in San Francisco and New York to handle network traffic in these iPhone-heavy markets, but warns pricing changes may still be in the works for bandwidth hogs. According to AT T, 3 percent of users are eating up 40 percent of the carrier’s network capacity.
– Ralph de la Vega, president and CEO of
AT amp;T Mobility and Consumer Markets, had both good news and bad news Dec. 9
for iPhone users: AT amp;T is moving to improve service in iPhone-heavy San
Francisco and New York,
but the company also warned that quot;some form of usage-based pricing for
d…
Google Dec. 1 is letting publishers limit the number of articles readers can view for free on its search and Google News site to five per day. The move came the same day News Corp. founder and publishing mogul Rupert Murdoch lashed out at online aggregators for raking in ad revenues from content without compensating publishers. Murdoch, who threatened last month to de-index the Wall Street Journal and other paid content from Google, is reportedly working on a deal that would make Google rival Microsoft Bing’s fledgling search engine an exclusive host partner of Journal and other News Corp. content.
–
Google Dec. 1 extended an olive branch to newspaper
publishers by letting them limit the number of articles readers can view for
free on Google News to five per day.
The move came the same day News Corp. founder and
publishing mogul Rupert Murdoch, speaking at a Federal Trade Commi…
Backup and disaster recovery firms CAPS and eGlobal offer cost-conscious businesses a failover and notification communication telecom system.
–
Computer Alternative Processing Sites (CAPS), Inc., a
disaster recovery and business continuity company, and eGlobal Insight, Inc., a
telecommunications company providing emergency voice and data network systems,
announced a partnership to offer afailover and notification communic…
Backup and disaster recovery firms CAPS and eGlobal offer cost-conscious businesses a failover and notification communication telecom system.
–
Computer Alternative Processing Sites (CAPS), a
disaster recovery and business continuity company, and eGlobal Insight, a
telecommunications company providing emergency voice and data network systems,
announced a partnership to offer afailover and notification communication
telec…
