SGX Comex Recommendations

INTERNATIONAL COMMODITY NEWS :
Gold futures retreated on Friday afternoon amid a wavering dollar, as traders awaited comments from Federal Reserve chair Janet Yellen later in the session. On the Comex division of the New York Mercantile Exchange,gold futures for April delivery fell 5.80% or 0.48% to $1,199 a troy ounce. The decline came one day after gold reached a  three-week high at $1,205.10, capping a rally precipitated by relatively dovish comments from Ms. Yellen on Mar. 18. Gold prices started trending downward on Mar. 6, after the release of a promising U.S. jobs report fueled speculation that the Fed could raise interest rates sooner than expected. Prices then dipped to a four-month low last week at 1,148.20 ahead of the Fed’s decision to remove its stance of remaining patient on the timing of a potential rate hike.

TRADING STRATEGY :
BUY GOLD ABOVE 1207 TARGET 1212 1218 SL 1201
SELL GOLD BELOW 1194 TARGET 1189 1183 SL 1200

SGX IForex Recommendations

TRADING TIPS :
GBP/USD hit 1.4797 during European morning trade, the pair’s lowest since March 20; the pair subsequently consolidated at 1.4820, slipping 0.20%.The pound fell to one-week lows against the U.S. dollar on Friday, as demand for the greenback remained supported by the previous session’s upbeat U.S. data and as markets eyed an upcoming report on U.S. fourth quarter growth.The dollar found broad support after data on Thursday showing that the number of people filing unemployment assistance in the U.S. last week fell to a five-week low sparked optimism over the strength of the job market.

INTRADAY OUTLOOK

Support: 1.4837

Resistance: 1.4897

RECOMMENDATION:

1. Buy GBP/USD Above 1.4899-TG: 1.4919/1.4949 SL 1.4869

2. Sell GBP/USD Below 1.4835-TG: 1.4815/1.4785 SL 1.4865

INTRADAY OUTLOOK

Support: 1.0788

Resistance: 1.0848

RECOMMENDATION:

1. Buy EUR/USD Above 1.0850-TG: 1.0870/1.0900 SL 1.0820

2. Sell EUR/USD Below 1.0786 -TG:1.0766/1.0736 SL 1.0816

SGX Singapore News Update

Singapore's 20 largest active stocks average 12% total return over past year

Including both price changes and dividend distributions, Singapore’s 20 largest capitalised stocks that are actively traded have averaged a 12.0% return over the past twelve months.

This is in line with the STI performance which has generated a 9.1% price gain over the period while maintaining a 3.2% dividend yield.

Among these 20 stocks, the five strongest performers YTD were IHH Healthcare Berhad, Singapore Telecommunications, Hongkong Land Holdings, CapitaLand and Thai Beverage Public Company.

The 20 largest stocks that are actively traded on SGX have a combined market cap of S$ 469.5 billion. This means they account for 45.4% of the total market capitialisation of all stocks listed on SGX. These 20 stocks include 17 STI stocks. All the stocks listed in the table below are in the STI except for IHH Healthcare Berhad, Dairy Farm International Holdings and Great Eastern Holdings.

Including both price appreciation and dividend distributions, Singapore’s 20 largest capitalised stocks that are actively traded have averaged a 12.0% return over the past twelve months. This is in line with the STI which has generated a 9.1% price gain over the period while maintaining a 3.2% dividend yield.

Among these 20 stocks, the five strongest performers year-to-date were IHH Healthcare Berhad, Singapore Telecommunications, Hongkong Land Holdings, CapitaLand and Thai Beverage Public Company. In the year thus far, only five stocks reported negative returns, while the remaining 15 stocks reported higher total returns, bringing the average total return year-to-date to 3.6%.