Showing posts with label singapore news latest update. Show all posts
Showing posts with label singapore news latest update. Show all posts

Singapore Stocks Watch: STI resumes Monday noon at 3,077.55, up 0.8%

SINGAPORE stocks revived higher on Monday, with the Straits Times Index up 25.06 focuses, or 0.8 percent, to 3,077.55 as at 1pm.
Gainers dwarfed washouts 166 to 135, with around 947 million offers worth S$376.6 million altogether exchanged.
Vallianz was the most effectively exchanged with 32.4 million offers evolving hands, down 10 percent to S$0.009. Different actives included Nam Cheong and Rex International.
Among dynamic record stocks, Venture was the best gainer, up 4.89 percent to S$15.44.
Assembling yield bounce back with 4.3% development in October
Transport building drove the development as yield expanded by 30.8%.
Assembling yield in Singapore saw a development of 4.3% YoY in October after a 0.2% YoY constriction in September. The division's yield crept up 2% on an occasionally balanced MoM premise, the Economic Development Board (EDB) uncovered.
As indicated by the declaration, transport designing saw the greatest yield development with a development rate of 30.8% YoY as the majority of its section moved toward an expansion in yield. The marine and seaward designing section's yield soar 52.2% supported by the low base from October 17 matched with more elevated amount of work done in seaward undertakings.
In the interim, its aviation section saw a yield increment of 15.6% powered by more motor fix and support work from business carriers. EDB noticed that the vehicle designing group extended by 14% in October YTD contrasted with a year ago.

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For the biomedical manufacturign group, yield recorded a development rate of 11.5% YoY with the pharmaceuticals portion driving the extension through its development of 15.8% in the midst of higher generation of pharmaceutical and natural items. The therapeutic innovation portion was additionally helped by a development of 2.9% to take care of fare demand from the US.
EDB noticed that the bunch saw a 5.8% yield increment YTD in October contrasted with a similar period in 2017.
Yield in accuracy building extended 1.4% YoY driven by the 7.7% development in exactness modules and parts section because of higher generation in optical instruments. Then again, hardware and frameworks fragment fell 2.9% in the midst of lower creation of modern process control and semiconductor gear.
The group fixed a 7% development in yield YTD in October when contrasted with a similar period in 2017.
When all is said in done assembling, yield saw an expansion of 1.3% YoY. The incidental ventures fragment became 2.9%, by virtue of higher generation in basic metal items and batteries.
EDB noticed that the nourishment, refreshments and tobacco portion rose 2.1% sponsored by higher yield in baby drain and dairy items. In any case, the bunch's development was directed by the printing section which declined 6.9%.
The bunch's October YTD development was recorded at 0.6%.
In the mean time, the synthetic section's yield contracted 1% YoY, hauled by the reduction in the oil and petrochemicals' creation by 9.6% and 14.7%. In spite of this, different synthetic compounds portion's yield extended 15.1% supported by higher yield in scents.
In the initial ten months of 2018, yield of the synthetic concoctions bunch expanded 5.6% contrasted with a similar period in 2017.
For gadgets, yield fell 2.7% YoY as larger part of its bunches gotten its yield with the exception of other electronic modules and segments and infocomms and purchaser hardware where yield became 5.1% and 1.7% separately. In total, the gadgets bunch's yield expanded 8.9% from January to October in 2018 contrasted with a year prior.
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Asian Market Update

Asian stocks rallied, with the regional index headed for its biggest quarterly advance since 2012 amid optimism over global economic stimulus. The dollar maintained gains, while crude oil extended losses into a third day.

The MSCI Asia Pacific Index snapped a three-day drop, rising 0.5 per cent by 9.58am in Tokyo to be set for a 6.8 per cent advance over the past three months. Standard & Poor's 500 Index futures added 0.1 per cent following a second day of gains in the US gauge.

Japanese and Australian indexes jumped more than 0.7 per cent, with the yen and Australia's dollar near one-week lows. The South Korean won weakened 0.3 per cent. US oil slid 0.9 per cent, while gold held two days of declines.

Global equities have climbed almost 3 per cent this year as central banks from Europe to Asia bolster stimulus to address slowing growth. China announced measures aimed at stemming a property slump Monday after central bank Governor Zhou Xiaochuan said more can be done to support the economy.

SGX Singapore Opening Market Update

SINGAPORE share prices opened higher on Tuesday, with the Straits Times Index up 12.19 points or 0.35 per cent to 3,466.45 as at 9.01am, following rebounds in US and European markets.

Top gainers in early morning trade included Jardine C&C, DBS and Keppel Corp.

A total of 110.2 million shares worth S$274.3 million had changed hands as at 9.01am, on the last day of the first quarter of 2015. Gainers outnumbered losers 105 to 36.

SGX Singapore Closing Market Update

One gauge of market activity - or quality if you prefer - is the average value per unit traded. This is obtained by dividing the dollar value by turnover, the resulting number giving an idea of where the market's energies or interests were for the session in question.

For most of the first quarter of 2014 this statistic was well under S$0.50, indicating a preference for lower-priced or penny stocks. In the early part of this year, the figure hovered around S$1, which indicated a shift towards higher-priced issues - a shift that could roughly be interpreted to show a move from low- to higher-quality issues.

In Monday's session, however, dollar volume of S$959 million from unit volume of 1.6 billion yielded an average value of S$0.60 per unit traded, an uncomfortable result for those who were hoping the shift to higher-priced stocks would continue.

The Straits Times Index in the meantime, managed a 4.16 points gain at 3,454.26 on the second last trading day of the quarter, not a great outcome for those who bought at the end of last week in anticipation of a window-dressing push, but then again, there is still one more day to go. It was the index's fifth consecutive rise and the advance-decline score was 228-188 excluding warrants.

SGX Singapore News Update

REITs, Stapled and Business Trusts Offer High Yields

The 28 REITs listed on SGX have averaged a 4.6% YTD gain, similar to 11 listed Business Trusts average 5.7% YTD advance - bringing their average one-year total return to 18.4% each. The six listed Stapled Trusts have posted an average 2.1% YTD gain, taking their average one-year total return to 10.5%.

The average dividend yield for REITs is 6.2%, with 6.3% for Business Trusts, and 7.3% for Stapled Trusts, all of which are more than twice the yield of the Singapore Fixed Income Index (SFI) at 2.9%.

Dividend and yield stocks have remained in focus amid expectations that the Federal Reserve will raise rates slowly and cautiously this year. Rising interest rates affect REITs because they increase borrowing costs and could result in lower distribution per unit (DPU) yields and reduced asset values.

Dividend and yield stocks have remained in focus amid expectations that the Federal Reserve will raise rates slowly and cautiously this year. Rising interest rates affect REITs because they increase borrowing costs and could result in lower distribution per unit (DPU) yields and reduced asset values.

Singapore is the largest Real Estate Investment Trusts (REITs) hub in Asia Pacific ex-Japan, with 28 REITs, 11 Business Trusts and six Stapled Trusts listed on SGX, reflecting total market capitalisation of more than $83 billion. Over 70% of the REITs and property trusts own assets across Asia and Europe.

REITs invest in a wide range of diversified real estate assets such as office, residential, retail, hospitality, industrial properties or hi-tech parks. REITs listed on SGX that distribute at least 90% of their distributable income to the unit holders are granted tax transparency by IRAS and taxed only in the hands of unit holders.

As maintained by the Monetary Authority of Singapore (MAS), a Business Trust is a trust that runs and operates a business enterprise. Registered Business Trusts must have a trustee-manager whose role is to safeguard the interests of beneficiaries (referred to as ‘unit holders’ under the Business Trusts Act) of the trust and to manage the business of the trust (click here for more information).

Business Trusts offer investors a way to invest in cash-generating assets, including infrastructure, real estate and transportation assets. The 11 Business Trusts are made up of four Property Trusts, four Infrastructure Trusts, two Shipping Trusts and a Specialty Trust. The Property Trusts are Ascendas India Trust, Indiabulls Trust, Religare Health Trust and Croesus Retail Trust. The Infrastructure Trusts also consist of four trusts - CitySpring Infrastructure Trust, Keppel Infrastructure Trust, Hutchison Port Trusts and Asian Pay TV Trust. The Shipping Trusts comprise Rickmers Maritime and First Ship Lease Trust. The only specialty trust is Accordia Golf Trust.

The 28 REITs listed on SGX have averaged a 4.6% YTD gain, while the 11 listed Business Trusts have averaged a 5.7% YTD advance, bringing their average one-year total return to 18.4% each. The six listed Stapled Trusts have posted an average 2.1% YTD gain, taking their average one-year total return to 10.5%.

SGX Stock Recommendations


MARKET UPDATES :
  • The Straits Times Index (STI) ended +18.51 points higher or +0.54% to 3450.1, taking the year-to-date per- formance to +2.52%.
  • The FTSE ST Mid Cap Index gained +0.18% while the FTSE ST Small Cap Index gained +0.47%. The top active stocks were SingTel (+1.38%), DBS (-0.15%), UOB (+1.13%), Golden Agri-Res (+7.41%) and Keppel Corp (- 1.11%).
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index (+2.32%). The two biggest stocks of the FTSE ST Basic Materials Index are Midas Holdings (unchanged) and Geo Energy Re- sources (-0.51%). The underperforming sector was the FTSE ST Oil & Gas Index, which declined -1.06% with Keppel Corp’s share price declining -1.11% and Sembcorp Industries’ share price declining -1.15%.
  • The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (-1.43%), SPDR Gold Shares (-1.19%), iShares USD Asia HY Bond ETF (+1.05%).
  • The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (-0.92%), Suntec REIT (unchanged), CapitaCom Trust (-1.13%).
  • The most active index warrants by value today were HSI25000MBeCW150429 (+2.50%), HSI24400M- BeCW150429 (+4.72%), HSI24200MBePW150429 (-4.95%).
  • The most active stock warrants by value today were UOB MB eCW150701 (+9.92%), DBS MB eCW150915 (- 1.70%), KepCorp MBeCW150901 (-7.69%).

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%.

SGX Singapore News Update

Penny stocks accounted for most of the action in the local market today, although a couple of blue chips, too, got a fair share of attention.

Some of the most actively traded small caps included Ellipsiz, which rose 12.9% to 13.1 cents; SIIC Environment, which put on 2.5% to 16.7 cents; Mirach Energy, which ended flat at 5.9 cents; and Albedo, which surged 25% to one cent.

A total of 1.6 billion shares worth $1.12 billion changed hands, compared with 1.5 billion shares worth $1.21 billion on Thursday.

Gainers outnumbered decliners 257 to 146.

The Straits Times Index rose 0.5% to 3,450.10.

The biggest gainer among blue chips was Golden Agri-Resources, which rose 7.4% to a five-week high of 43.5 cents.

Some 112.3 million Golden Agri shares were traded, making the palm oil producer the most active stock in the market. The renewed interest came after the shares sank to a six-year low of 39.5 cents last week.

Noble Group climbed 1.6% to 94.5 cents on a volume of 36 million shares.

"The law of diminishing returns has clearly set in on Iceberg Research’s third research report against Noble Group," said DBS Vickers, noting that the stock actually gained 4.5% when the final report was released on March 23.

The little-known research outfit has accused Noble of, among other things, understating its debt and overstating the value of its associates on its balance sheet. 

SGX Singapore Closing Market Update

In the past, there had been some concern expressed by investors that the passing of Singapore's founding prime minister, Lee Kuan Yew, might have an adverse impact on the local stock market.

They needn't have worried - Mr Lee's passing on Monday had little impact on the market, with the Straits Times Index rising 38 points or 1.1 per cent over the five days. On Friday, it rose 18.51 to 3,450.1, driven mainly by the banks and Singtel and volume was 1.6 billion units worth S$1.1 billion.

External considerations included gyrations on Wall Street because of interest rate expectations, Middle East problems including the rise of ISIS and the conflict in Yemen, and flow of money towards Europe because of the QE (quantitative easing).

Throughout the week there was more than a hint of quarter-ending window dressing which helped prop the index up, benefiting as it did the banks, Singtel and battered offshore marine sector plays like Keppel Corp.

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SGX Stock Recommendations


MARKET UPDATES :
  • The Straits Times Index (STI) ended +12.57 points higher or +0.37% to 3431.59, taking the year-to-date per- formance to +1.97%.
  • The FTSE ST Mid Cap Index gained +0.27% while the FTSE ST Small Cap Index gained +0.81%. The top active stocks were DBS (+0.89%), SingTel (+0.69%), Keppel Corp (+1.23%), CapitaLand (+1.97%) and Keppel Land (- 0.44%).
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index (+1.59%). The two biggest stocks of the FTSE ST Oil & Gas Index are Keppel Corp (+1.23%) and Sembcorp Industries (+1.40%). The un- derperforming sector was the FTSE ST Consumer Services Index, which declined -0.81% with Jardine Cycle & Carriage’s share price declining -0.15% and Genting Singapore’s share price declining -1.08%.
  • The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+1.78%), STI ETF (+0.88%), LYXOR China H (-0.12%).
  • The three most active Real Estate Investment Trusts (REITs) by value were CapitaCom Trust (+1.14%), Capita- Mall Trust (+0.46%), Ascendas REIT (+0.39%).
  • The most active index warrants by value today were HSI24400MBeCW150429 (-5.22%), HSI25000M- BeCW150429 (-6.98%), HSI24800MBeCW150528 (-4.27%).

  • The most active stock warrants by value today were DBS MB eCW150915 (+4.73%), UOB MB eCW150701 (+4.31%), KepCorp MBeCW150901 (+8.33%).

Asian Market Update

Asian stocks outside Japan rose, paring weekly losses as US equity-index futures advanced. The yen held gains after inflation slowed more than forecast, while crude oil fell, trimming its best weekly climb since 2011.

The MSCI Asia Pacific excluding Japan Index added 0.1 per cent by 9.28 am in Tokyo, reducing its retreat in the week to 0.2 per cent. Australia's S&P/ASX 200 Index rebounded from its worst day this year, while Japan's Topix index headed for its first weekly decline since mid-January with the yen near a five- week high. Standard & Poor's 500 Index futures climbed 0.2 per cent following the gauge's longest slump since January. US oil slipped 1 per cent, paring its 11 per cent jump in the week.

Core inflation in Japan slowed to 2 per cent in February, trailing the 2.1 per cent projected by economists. Retail trade data is also due Friday, while China reports on industrial company profits before an update on fourth-quarter US growth. Mixed data in the past week has fueled concern over the American economy as analysts predict the forthcoming earnings season will see the first contraction in profits since 2009. Yemen has emerged as the latest ground for a proxy fight between Iran and Saudi Arabia, the world's top oil exporter.

SGX Singapore Opening Market Update

SINGAPORE share prices opened higher on Friday, with the Straits Times Index up 8.59 points or 0.25 per cent to 3,440.18 as at 9.05 am.

This is despite tepid losses in the US markets. The Dow Jones Industrial Average fell 40.31 points (0.23 per cent) to 17,678.23 after falling below 17,600 earlier in the session. The broad-based S&P 500 dropped 4.90 points (0.24 per cent) to 2,056.15, while the tech-rich Nasdaq Composite Index shed 13.16 points (0.27 per cent) at 4,863.36.

Top gainers in early morning trade include UOB, DBS and City Developments Limited.

Some 122.9 million shares worth S$93.6 million changed hands, with gainers outnumbering losers 90 to 54.

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SGX Singapore Closing Market Update

The Straits Times Index on Thursday rose 12.57 points to 3,431.59, possibly thanks to early quarter-ending window dressing as well as expectations of a Wall Street rebound on Thursday after a steep Wednesday plunge. The fall came despite weakness throughout the region and a soft opening for Europe.

Not unexpectedly, the three banks were among the index's top gainers, though there were also notable contributions from Keppel Corp, CapitaLand and Singtel. Turnover at 1.5 billion units worth S$1.2 billion compared well with Wednesday's feeble S$950.6 million. The broad market excluding warrants managed 249 rises versus 160 falls.

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%).

Asian Market Update

Asian markets wound back on Thursday, in line with a hefty sell-off on Wall Street, after surprisingly weak US data hinted at ongoing weakness in the world's number one economy.

The euro maintained its recent strength against the dollar and yen, boosted by receding expectations of an early US rate hike and upbeat indicators out of the eurozone.

Oil prices also enjoyed support from concerns about unrest in the crude-rich Middle East following news that Saudi Arabian jets had struck rebel positions in neighbouring Yemen.

In early trade Tokyo sank 1.56 per cent from a 15-year high, while Sydney lost 1.30 per cent, Seoul shed 0.74 per cent, Hong Kong shed 0.30 per cent and Shanghai slipped 0.55 per cent.

SGX Singapore Opening Market Update

SINGAPORE shares retreated in early Thursday trade on the back of losses on Wall Street and soft US economic data. The Straits Times Index dipped 0.31 per cent, or 10.64 points, to 3,408.38 as at 9.02am, wiping out Wednesday's feeble gain.

Among the most active counters were Ascendas Reit, which slid three Singapore cents to S$2.51 as at 9.03am, while Yuuzoo opened one cent higher at S$0.30. A total of 61.6 million shares worth S$109.5 million had changed hands as at 9.02am. Losers outnumbered gainers 83 to 44.

SGX Singapore News Update

The Straits Times Index (STI) ended +5.76 points higher or +0.17% to 3419.02, taking the year-to-date performance 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 underperforming 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 gaining +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%), Ascendas REIT (-0.78%), Keppel REIT (-0.42%).

The most active index warrants by value today were HSI24400MBeCW150429 (+8.94%), HSI25000MBeCW150429 (+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%).

SGX Singapore Closing Market Update

As March 31 draws nearer, thoughts among traders must inevitably be turning to whether the Straits Times Index will enjoy a quarter-ending window-dressing push and if so, which stocks might be employed.

These thoughts are understandable given that at the end of Wednesday's session in which the STI rose 5.76 points to 3,419.02, the year-to-date performance stands at just 1.6 per cent, feeble by most standard given zero interest rates and a supposedly recovering US economy. Still, the rise in the index came in tandem with a rise in Hong Kong and the US futures market, so traders were clearly betting on Wall Street rebounding on Wednesday from its Tuesday drop.

Turnover was a concern throughout 2014 and although it picked up slightly in January and February this year, it still remains a worry. On Wednesday, 1.24 billion units worth S$950.6 million were traded, below the S$1-1.2 billion daily average of recent weeks. Excluding warrants, there were 240 rises versus 167 falls.