The STI is flat at 3,175.37, with the Singapore market shrugging off the positive lead from Wall Street and continuing its recent weak tone amid mixed regional bourses; volume is low again at 277 million shares and expected to stay that way until year-end, barring any shocks from overseas.
Posts Tagged ‘regional bourses’
STI +0.6% midday; Minor cap at 3,206 near-term: UOB KayHian
December 2nd, 2010 |
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STI +0.6% at 3199.83 midday, with gainers beating decliners 2.4 to 1; volume picks up to 955 million shares vs 620 million at midday yesterday, as sharp gains in global, regional bourses, fueled by good news on US employment picture, encourage investors to step back into market.
UOB KayHian says investors can start initiating small positions on STI, expects near-term advancement within recent trendlines, with index well above 3,118 support; sets minor resistance at 3,206.50.
STI off 0.4%; Technicals remain bearish: UOB KayHian
November 30th, 2010 |
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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.
STI down 0.2%; Small caps leading declines
November 29th, 2010 |
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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.
STI Down 0.2%; stay on sidelines -UOB KayHian
November 29th, 2010 |
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STI down 0.2% at 3150.23 at midday with 2.4 decliners for every gainer; market volume tepid with only 607 million shares traded worth $479 million, suggests market direction unclear with mixed regional bourses, Korean tensions, euro-zone debt problems all hanging over sentiment.
STI +0.1%, broad-based gains; 3,240 may cap: Analyst
November 19th, 2010 |
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STI +0.1% at 3,219.06, rising along with regional bourses after Wall Street’s rally Thursday on easing euro-zone debt worries.
Gains broad-based with around 4 risers for every decliner on SGX; but analyst at local brokerage says market may not go much higher.
“We’ll probably see some light profit-taking towards the end of the day before the weekend, that’s pretty common. The market is still a little bit uneasy with staying above the 3,200-3,300 range.”
STI likely higher on US lead; M1 in focus
October 19th, 2010 |
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Singapore shares likely to rise, tracking gains across regional bourses after DJIA ends at highest level since May 3, helped by upbeat earnings from Citigroup; that actual earnings results fuelled buying interest, rather than Fed easing hopes, also viewed as positive, says Dow Jones.
"The quantitative easing story has had a good run, and now people will want to look at earnings, both here and in the US for more reasons to buy," says a dealer at local brokerage.
STI up 0.6%; offshore, marine plays lead gains
March 17th, 2010 |
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Singapore shares extend gains as solid rises for key regional bourses underpin initial boost from hopes US interest rates to stay low for some time, reported Dow Jones Newswires.
The STI is up 0.6% at 2,914.60 at midday vs morning low of 2,896.57 (flat) with resistance tipped at 2010 high of 2,947. Broad market volume picking up with 997 million shares traded vs only 680 million in yesterday’s morning session with gainers outnumbering losers three to one.