SGX Comex Recommendations

INTERNATIONAL COMMODITY NEWS :
Gold futures are trading with mild gains in Asia today. The commodity witnessed massive losses post non farm payrolls on Friday. Gold futures for April delivery tumbled around 3% to close at their four month low, erasing all the gains in the current year. Crude oil futures also fell sharply, breaking under $50 per barrel, as the US dollar strengthened broadly following the release of upbeat US employment data. The dollar index,which measures the greenback’s strength against a trade-weighted basket of six major currencies, jumped near 98 on Friday, the highest since September 2003. COMEX Gold futures broke under $1200 per ounce amid massive strength in US dollar. The dollar is quoting around 1.0800 mark against the Euro right now. COMEX Gold is quoting at $1171.60 per ounce, up $7.30 per ounce on the day. MCX Gold futures are trading at Rs 26067 per 10grams, up Rs 55 per 10 grams on the day.

TRADING STRATEGY :
BUY GOLD ABOVE 1170 TARGET 1175 1181 SL 1164
SELL GOLD BELOW 1161 TARGET 1156 1150 SL 1167

SGX Stock Recommendations

MARKET UPDATES :

• The Straits Times Index (STI) ended -12.94 points lower or -0.38% to 3404.57, taking the year-to-date per- formance to +1.17%.

• The FTSE ST Mid Cap Index declined -0.84% while the FTSE ST Small Cap Index declined -0.42%. The top ac- tive stocks were SingTel (-1.68%), DBS (+0.31%), Noble (-5.21%), Keppel Land (+0.22%) and OCBC Bank (- 0.10%).

• The outperforming sectors today were represented by the FTSE ST Consumer Services Index (+0.43%). The two biggest stocks of the FTSE ST Consumer Services Index are Jardine Cycle & Carriage (-1.15%) and Genting Singapore (+3.78%). The underperforming sector was the FTSE ST Telecommunications Index, which de- clined -1.53% with SingTel’s share price declining -1.68% and StarHub’s share price declining -0.24%.

• The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (-1.82%), iShares USD Asia HY Bond ETF (-0.57%), IS MSCI India 100 (-2.57%).

• The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (-1.59%), Capita- Mall Trust (-1.42%), CapitaCom Trust (-1.68%).

• The most active index warrants by value today were HSI25000MBeCW150429 (-6.45%), HSI24200M- BePW150429 (unchanged), HSI23600MBePW150429 (-2.48%).

S&P Market News Update

U.S. stocks ended higher on Monday, recovering some of the steep losses from the previous session. Monday also marked the 6th anniversary of the bull market, with the S&P 500 more than tripling since it hit the bottom on March 9, 2009.

The Dow Jones Industrial Average outperformed other indexes gaining 138.94 points, or 0.8%, to 17,955.72. The S&P 500 SPX, +0.39% gained 8.17 points, or 0.4%, to 2,079.43.