MARKET UPDATES :
- SINGAPORE share prices opened higher on Friday with the Straits Times Index up 20.62 points to 3,336.22. Volume was 38.8 million shares worth S$65.8 million. Gainers outnumbered losers 89 to 33.
- SINGAPORE shares ended higher on Friday with the Straits Times Index gaining 29.72 points to 3,345.32. Some 1.16 billion shares, valued at S$1.09 billion were traded. Gainers numbered 268 while losers numbered 151.
- THE global economy – which Singapore now relies on more heavily to support growth given domestic restructuring’s drag – has been handed a negative report card in a week heavy with economic data: Japan fell unexpectedly into recession, the eurozone’s recovery stalled and China’s
- THE Singapore market appears fully priced at 13.5 times forward earnings, close to one standard deviation above its seven-year average, said brokerage Maybank Kim Eng Research in a recent report. Meanwhile, earnings are estimated to grow 9 per cent in 2015 and 2016.
STOCK RECOMMENDATION :
- BUY ST ENGRG AT CMP 3.370-3.380 TARGET 3.410,3.460 ,3.520 SL 3.300
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