SGX Stock Recommendations

MARKET UPDATES :

• The Straits Times Index (STI) ended +5.76 points higher or +0.17% to 3419.02, taking the year-to-date per- formance to +1.60%.

• The FTSE ST Mid Cap Index gained +0.38% while the FTSE ST Small Cap Index gained +0.48%. The top active stocks were SingTel (+0.70%), UOB (+0.61%), DBS (-0.05%), Keppel Corp (+1.13%) and OCBC Bank (+0.29%).

• The outperforming sectors today were represented by the FTSE ST Utilities Index (+3.48%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+0.31%) and Hyflux (+1.14%). The underperform- ing sector was the FTSE ST Real Estate Holding and Development Index, which declined -0.33% with Hongkong Land Holdings’ share price declining -0.94% and Global Logistic Properties’ share price gain- ing +0.78%.

• The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+0.05%), iShares S&P500 Ivv (-0.90%), IS MSCI India (-1.14%).

• The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.46%), Ascen-das REIT (-0.78%), Keppel REIT (-0.42%).

• The most active index warrants by value today were HSI24400MBeCW150429 (+8.94%), HSI25000M- BeCW150429 (+8.86%), HSI24800MBeCW150528 (+8.33%).

• The most active stock warrants by value today were DBS MB eCW150915 (+1.20%), UOB MB eCW150701 (+4.51%), KepCorp MBeCW150901 (+6.67%).

Forex Market Update

The dollar traded lower against its rivals Wednesday, continuing a bearish pattern that has persisted since Federal Reserve policy makers signaled one week ago that they would begin raising interest rates later than the market had expected.

The euro EURUSD, +0.17%  was at $1.0974, compared with $1.0924 late Tuesday in New York. 

The dollar has weakened against the euro during three of the past five sessions.

The dollar USDJPY, -0.41%  was at ¥119.41, compared with ¥119.74. The pound GBPUSD, +0.07%  rebounded against the buck, trading at $1.4916, compared with $1.4847.

S&P Market News Update

U.S. stocks were bludgeoned in Wednesday trading with the Dow threatening a 300-point drop as the Nasdaq Composite suffered its steepest decline since April 2014 as investors dumped technology and biotechs shares.

The S&P 500 SPX, -1.46%  fell 30.45 points, or 1.5% to 2,061.05, with nine of its 10 main sectors finishing sharply lower.