SGX Stock Recommendations

MARKET UPDATES :
  • The Straits Times Index (STI) ended +24.41 points higher or +0.73% to 3386.16, taking the year-to-date per- formance to +0.62%.
  • The FTSE ST Mid Cap Index gained +0.45% while the FTSE ST Small Cap Index declined -0.01%. The top active stocks were SingTel (+2.42%), DBS (+0.30%), Noble (-1.73%), OCBC Bank (+1.27%) and UOB (+0.22%).
  • The outperforming sectors today were represented by the FTSE ST Telecommunications Index (+2.18%). The two biggest stocks of the FTSE ST Telecommunications Index are SingTel (+2.42%) and StarHub (+0.24%). The underperforming sector was the FTSE ST Industrials Index, which declined -0.64% with Jardine Matheson Holdings’ share price declining -0.70 % and Jardine Strategic Holdings’ share price declining -1.00%.
  • The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+1.69%), Lyxor China H (+0.67%), IS MSCI India (unchanged).
  • The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+2.04%), Capita- Mall Trust (+4.35%), CapitaCom Trust (+2.35%).
  • The most active index warrants by value today were HSI24400MBeCW150429 (+26.79%), HSI24400V- TePW150429 (-17.90%), HSI25000MBeCW150429 (+28.38%).

  • The most active stock warrants by value today were DBS MB eCW150420 (+8.33%), UOB MB eCW150701 (- 2.73%), KepCorp MBeCW150901 (+5.62%).

Forex Market Update

The dollar recovered against its rivals Thursday after an unexpectedly dovish statement from Federal Reserve policy makers triggered the largest intraday selloff in the buck since 2009.

The euro EURUSD, +0.19%  traded at $1.0653, compared with $1.0831 at Wednesday’s close. The single currency briefly climbed above $1.10 after the close of the Fed’s news conference, its highest intraday level in two weeks.

The U.S. Dollar index DXY, -0.13% a measure of the dollar’s strength against six rival currencies, fell 3.6% intraday on Wednesday, its largest move since a 3.7% decline in March 2009. The index bounced back to 98.0760, up 0.5% on the day.

Against the yen, the dollar USDJPY, -0.02%  on Thursday fetched ¥120.81 compared with ¥120.09 late Wednesday.

Natural Gas Market Update

Losses in natural-gas prices worsened Thursday from earlier trading after the EIA reported a decline of 45 billion cubic feet in last week’s supplies. That was a bit less than the market expected. April natural gas NGJ15, +0.53%  fell 10.7 cents, or 3.7%, to end at $2.813 per million British thermal units.

Back on Nymex, petroleum products pulled back after a rally a day earlier. April gasoline RBJ5, -0.08% fell 2.5 cents, or 1.4%, to $1.774 a gallon and April heating oil HOJ5, -0.08%  ended at $1.722 a gallon, down 5 cents, or 2.8%.