Singapore shares unlikely to head much higher given lack of buying momentum, mixed performance in other Asian markets, reported Dow Jones Newswires.
Posts Tagged ‘singapore shares’
STI up 0.4%; 3,000 may be within reach, says Westcomb
March 19th, 2010 |
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Singapore shares head towards highest close since Jan 11 in quiet session as US futures provide little in way of lead (DJIA down 6 points); STI +0.4% at 2,926.49 with resistance tipped at current 2010 intraday high of 2,947, reported Dow Jones Newswires.
STI gains 0.3%; with banks, Jardine firms leading gains
March 19th, 2010 |
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Singapore shares remain supported by brighter macro picture amid hopes that US interest rates to stay low for some time and Greece debt, China tightening worries manageable, reported Dow Jones Newswires.
STI gains 0.5%; China, Europe debt fears ease: Westcomb
March 19th, 2010 |
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Singapore shares extend recent good run, taking cue from gains on Wall Street; The STI is up 0.5% at 2,928.46 with resistance tipped at current 2010 high of 2,947, with index now up 5% in past 2 weeks, reported Dow Jones Newswires.
STI gains 0.2%; off highs, but property stocks support
March 16th, 2010 |
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Singapore shares off earlier highs as investors choose to digest recent gains rather than chase market up amid lingering uncertainty over China tightening, prospect of Fed meeting tonight.
STI +0.2% at 2,879.79 midday vs morning high of 2,884.40 (+0.4%); resistance tipped at 2,900, support at last week’s low of 2,820 should index turn lower.
STI gains 0.1% at midday break; momentum wanes after Monday rally
March 9th, 2010 |
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Singapore shares lose momentum after yesterday’s Asia-wide rally, with investors content to lie low, wait for fresh cues.
The STI gained 0.1% at 2,836.66 midday after hovering in tight 2,831–2,842 range whole morning, with gains in Jardine group of companies mitigating losses in banks, developers.
STI down 0.3%; no big bets ahead of US jobs data
March 4th, 2010 |
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Singapore shares reverse early gains, slipping into negative territory as investors remain unwilling to make big bets ahead of closely watched US non-farm payrolls data tomorrow.
The STI is down 0.3% at 2,775.31 at midday with vs morning high of 2,792.64 (+0.4%); support tipped at Feb 19 low of 2,727.
STI down 0.1%; reverses gain as Wilmar, banks weigh
March 3rd, 2010 |
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Singapore shares drift into negative territory as early gains lack momentum with investors awaiting key US data releases later in week to set fresh direction.
The STI is down 0.1% at 2,769.75 mid-day vs morning high of 2,786.50 (+0.5%) with support tipped at Feb 19’s low of 2,727, with resistance at 2,800.
Wilmar International (F34.SG) is down 2.1% at $6.56 as stock unwinds some of the gains it made after its recent strong FY09 results.
STI may trade sideways; 2,727-2,800 near-term range
March 3rd, 2010 |
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Singapore shares look set for another directionless session, taking cue from lacklustre Wall Street (DJIA flat) as investors remain hesitant to make big bets ahead of US non-farm payrolls on Friday, says Dow Jones Newswires.
Domestic newsflow also thin with earnings season now over and Singapore Budget behind us.
STI up 0.7%; tracks region; commodity plays rally
March 1st, 2010 |
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Singapore shares rise more, tracking broad regional equity market strength amid receding Greece debt jitters. STI gains 0.7% at 2,771.20 at midday vs morning low of 2,749.74 with next resistance tipped at last month’s intraday high of 2,797.
STI gains 0.3%; few near-term negatives, says dealer
February 23rd, 2010 |
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Singapore shares are holding in positive territory following recovery in Hong Kong bourse.
The STI gained 0.3% at 2,764.62 after staying negative for most of morning session, but likely to meet resistance at last week’s 2,797 peak.
STI gains 0.4%; Budget hopes high, says AmFraser
February 22nd, 2010 |
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Singapore shares were mostly higher, tracking broad gains in Asian markets, although sell-off in property shares were restraining STI’s advance. The benchmark gained 0.4% to 2,768.81 at midday after hovering in the tight 2,764–2,775 band entire morning, looking unlikely to test last week’s high of 2,797.
STI’s post-lunch performance is likely to be swayed by Singapore’s 2010 Budget announcement.
Too early to call bottom on STI, says AmFraser
February 9th, 2010 |
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Singapore shares reverse fall as SingTel (Z74.SG) and banks lend support with the STI gaining 0.4% at 2,703.14 vs morning low of 2,675 (down 0.7%) with resistance tipped at five-day moving average around 2,720.
But trading is likely to remain choppy given European sovereign debt worries still simmering away with support eyed at yesterday’s low of 2,665.
STI down 0.5%; commodity, O&M plays lead falls
February 9th, 2010 |
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Singapore shares head lower as bearish Wall Street cues, continued worries over Europe debt troubles keep buyers at bay.
The STI is down 0.5% to 2,680.24 as at 9:48 a.m. with near-term support tipped at yesterday’s intraday low at 2,665.
“We’ve moved into a phase of lower lows and lower highs, the mentality at the moment is to trim stakes on any rebound,” says a trader at a local house, according to Dow Jones Newswires.
Bottom fishing in STI looks risky, says DMG
February 8th, 2010 |
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Singapore shares continue to outperform region as heavyweights like banks and SingTel (Z74.SG) offer support, although STI are off highs and a question mark hangs over sustainability of rebound, reported Dow Jones Newswires.
The STI gained 0.3% at 2,692.48 vs morning high of 2,700.85 (+0.6%) with immediate resistance at 2,700.
STI may rise on improving economic prospects
January 4th, 2010 |
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Improving economic prospects may help Singapore shares begin their first trading day of 2010 on positive note, with participation likely to pick up as investors return from festive break.
Still, the pullback on Wall Street last Thursday may cap upside, with some traders saying market expectations could also be tempered by gradual withdrawal of government measures introduced to help companies weather impact of last year’s recession.
STI gains 0.1%; any year-end push likely mild, says dealer
December 11th, 2009 |
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Singapore shares were mostly higher, but momentum stayed weak in the absence of leads to whet investor appetite.
Players could be waiting for China economic data, including November retail sales and industrial production, due 10:00 a.m., before deciding next move.
The STI, which gained 0.1% to 2,785.86 as of 9:20 a.m., may face resistance at year-to-date high of 2,808, with support tipped at current December low of 2,743.
India, Singapore stocks are best December bets, Macquarie says
December 4th, 2009 |
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India and Singapore offer Asia’s best chance for a “December rally” in stocks while Indonesia may post the strongest gain, Macquarie Group said, citing the region’s historical returns.
Indian and Singapore shares have advanced in December 87.5% and 80% of the time, Macquarie analysts Daniel McCormack and Henry Hon wrote in a report dated yesterday. They also said Indonesia has yielded an average 7.9% during the last month of the year, the most among 10 Asian markets.