SGX Comex Recommendations

INTERNATIONAL COMMODITY NEWS :
Gold prices were marginally higher in early Asia on Tuesday ahead of the initial HSBC (LONDON:HSBA) manufacturing gauge for March that will also put copper into focus. In China, the March flash reading of the HSBC PMI will be released at 09:45 Beijing time (0145 GMT) and is expected at 50.6, a slight downtick from 50.7 in February. On the Comex division of the New York Mercantile Exchange gold futures for April delivery fell 0.10% to $1,189.100 a troy ounce.Overnight, gold futures edged up on Monday reaching two-week highs, amid modest gains from the euro against the U.S. Dollar. Gold prices have rallied since the middle of last week following relatively dovish comments from Federal Reserve chair Janet Yellen halted the dollar’s steep appreciation against the euro. Despite offering indications that the Fed will likely increase interest rates at some point this year, Yellen said the Fed will take a “data driven” approach on the timing of its first interest rate hike since 2009.

TRADING STRATEGY :
BUY GOLD ABOVE 1192 TARGET 1197 1203 SL 1186
SELL GOLD BELOW 1185 TARGET 1180 1174 SL 1191

SGX Stock Recommendations

MARKET UPDATES :

• The Straits Times Index (STI) ended -2.31 points lower or -0.07% to 3410.13, taking the year-to-date performance to +1.34%.

• The FTSE ST Mid Cap Index gained +0.45% while the FTSE ST Small Cap Index gained +0.44%. The top active stocks were SingTel (unchanged), DBS (+0.75%), Noble (+4.00%), UOB (+0.44%) and CapitaLand (unchanged).

• The outperforming sectors today were represented by the FTSE ST Health Care Index (+2.93%). The two biggest stocks of the FTSE ST Health Care Index are Raffles Medical Group (-0.52%) and Biosensors International Group (+8.76%). The underperforming sector was the FTSE ST Real Estate Holding and Development Index, which declined -0.47% with Hongkong Land Holdings’ share price declining-0.94% and Global Logistic Properties’ share price declining -0.39%.

• The three most active Exchange Traded Funds (ETFs) by value today were the DBXT MSCI Asia Ex Japan ETF (unchanged), DBXT CSI300 ETF (+1.10%), SPDR Gold Shares (+0.68%).

• The three most active Real Estate Investment Trusts (REITs) by value were CapitaMall Trust (+0.47%), Suntec REIT (+1.08%), Ascendas REIT (-0.39%).

• The most active index warrants by value today were HSI24400MBeCW150429 (+1.55%), HSI24200MBePW150429 (- 10.57%), HSI25000MBeCW150429 (+1.19%).

• The most active stock warrants by value today were DBS MB eCW150915 (+1.20%), OCBC Bk MBeCW150803 (unchanged), UOB MB eCW150701 (+2.48%).

Forex Market Update

The dollar traded lower against its rivals Monday after recording its largest weekly percentage decline against the euro since October 2011.

The euro EURUSD, -0.24%  traded at $1.0945, its highest end-of-session level against the buck in three weeks, compared with $1.0821 Friday evening.

The dollar USDJPY, -0.04%  traded at 119.72 yen, its lowest level against the Japanese currency in nearly a month. It traded at 120.04 Friday.

The ICE U.S. Dollar Index DXY, +0.29% a measure of the buck’s strength against a basket of six rival currencies, was about 1% to 97.0000.

The pound GBPUSD, -0.11%  traded at $1.4953, compared with $1.4953 Friday. Meanwhile, one euro traded at 73.20 pence, compared with 72.36 pence Friday.