SGX IForex Recommendations

TRADING TIPS :

GBP/USD tumbling 1.08% to 1.5081.The dollar showed little reaction to data on Thursday showing that the number of Americans who filed for unemployment assistance rose by 7,000 to 320,000 last week from the previous week’s total of 313,000.Another report showed that U.S. factory orders slipped 0.2% in January, compared to expectations for a 0.2% rise. December’s figure was revised to a 3.5% decline from a previously estimated 3.4% drop. Also Thursday, the Bank of England left interest rates unchanged at their current record low of 0.50%, where they have been since March 2009. The central bank also maintained the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.

INTRADAY OUTLOOK

Support: 1.5002

Resistance: 1.5069

1. Buy GBP/USD Above 1.5071-TG: 1.5091/1.5121 SL 1.5041

2. Sell GBP/USD Below 1.5000-TG: 1.4980/1.4950 SL 1.5030

INTRADAY OUTLOOK

Support: 1.0838

Resistance: 1.0906

RECOMMENDATION:

1. Buy EUR/USD Above 1.0908-TG: 1.0928/1.0958 SL 1.0878

2. Sell EUR/USD Below 1.0836-TG: 1.0816/1.0786 SL 1.0866

SGX Stock Recommendations

MARKET UPDATES :

• The Straits Times Index (STI) ended +22.24 points higher or +0.66% to 3417.51, taking the year-to-date per- formance to +1.56%.

• The FTSE ST Mid Cap Index gained +0.21% while the FTSE ST Small Cap Index declined -0.38%. The top active stocks were SingTel (+1.70%), DBS (+0.98%), Noble (+4.98%), Keppel Land (-0.22%) and Genting Singapore (- 2.63).

• The outperforming sectors today were represented by the FTSE ST Telecommunications Index (+1.52%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+1.70%) and StarHub (unchanged). The underperforming sector was the FTSE ST Health Care Index, which declined -0.55% with Raffles Medical Group’s share price declining -0.51% and Biosensors International Group’s share price declining -0.77%.

• The three most active Exchange Traded Funds (ETFs) by value today were the STI ETF (+0.59%), iShares USD Asia HY Bond ETF (-0.85%), SPDR Gold Shares (-0.42%).

• The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.94%), Ascen- das REIT (-0.40%), CapitaCom Trust (+0.28%).

• The most active index warrants by value today were HSI25000MBeCW150429 (-4.12%), HSI24200M- BePW150429 (+0.60%), HSI24400MBeCW150429 (-2.99%).

SGX Singapore News Update

Recent turnover jump in the STI ETFs

SGX lists two active ETFs that track the STI – the SPDR® Straits Times Index ETF and Nikko AM Singapore STI ETF. Both ETFs are non-SIP, pay dividends and trade in board lot sizes of 100 units.

In the 2015 year through to 6 March, combined turnover of the two ETFs amounted to S$124.1 million, up 88% from the same period last year.

Over the last three years ending Feb, these two ETFs averaged returns of 22.5%. More information on the comparative returns of ETFs can be found on the SGX ETF Screener here.

Exchange Traded Funds (ETFs) are open-ended investment funds listed and traded on an exchange. ETFs such as the SPDR® Straits Times Index ETF and Nikko AM Singapore STI ETF aim to track the performance of an index, in this case the Straits Times Index (STI). The upshot is that these two portfolio products provide investors access to the moves and dividends of the Straits Times Index (STI).

The STI is regarded as the benchmark index for the Singapore stock market and is made up of 30 constituents that represent more than half of the total market capitalisation of all primary and secondary stocks listed on the Singapore Exchange (SGX). The 30 constituents span a wide range of industries and international income which provides for diversity of performances within the Index.