SGX Stock Recommendations

MARKET UPDATES :
  • The Straits Times Index (STI) ended -12.94 points lower or -0.38% to 3404.57, taking the year-to-date per- formance to +1.17%.
  • The FTSE ST Mid Cap Index declined -0.84% while the FTSE ST Small Cap Index declined -0.42%. The top ac- tive stocks were SingTel (-1.68%), DBS (+0.31%), Noble (-5.21%), Keppel Land (+0.22%) and OCBC Bank (- 0.10%).
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index (+0.43%). The two biggest stocks of the FTSE ST Consumer Services Index are Jardine Cycle & Carriage (-1.15%) and Genting Singapore (+3.78%). The underperforming sector was the FTSE ST Telecommunications Index, which de- clined -1.53% with SingTel’s share price declining -1.68% and StarHub’s share price declining -0.24%.
  • The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-1.82%), iShares USD Asia HY Bond ETF (-0.57%), IS MSCI India 100 (-2.57%).
  • The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-1.59%), Capita- Mall Trust (-1.42%), CapitaCom Trust (-1.68%).

  • The most active index warrants by value today were HSI25000MBeCW150429 (-6.45%), HSI24200M- BePW150429 (unchanged), HSI23600MBePW150429 (-2.48%).

S&P Market News Update

U.S. stocks ended higher on Monday, recovering some of the steep losses from the previous session. Monday also marked the 6th anniversary of the bull market, with the S&P 500 more than tripling since it hit the bottom on March 9, 2009.

The Dow Jones Industrial Average outperformed other indexes gaining 138.94 points, or 0.8%, to 17,955.72. The S&P 500 SPX, +0.39% gained 8.17 points, or 0.4%, to 2,079.43.

Forex Market Update

The dollar weakened Monday as traders bought back pounds and euros at lower levels following sharp falls in the value of those currencies on Friday.

The euro EURUSD, -0.42%  rose off a 12-year low to trade at $1.0853, compared with $1.0844 Friday. The pound GBPUSD, -0.30%  traded at $1.5126, compared with $1.5037.

The dollar USDJPY, +0.49%  inched higher against the yen, trading at ¥121.14, compared with ¥120.81 Friday.

The ICE U.S. Dollar Index DXY, +0.36% a measure of the buck’s strength against a basket of six rival currencies, was flat at 97.63.