Morning Highlights

Singapore market started on a flat note after US stocks ended mixed after U.S new home sales sank to a record low in May.

Lookout for Economic News Release For Today:

  1. FOMC announce any change in Rate Decision [Fed Funds Rate at 0.25%, left unchanged since December 2008]
  2. Hong Kong’s May Export and Import figures [According to a Bloomberg poll of 5 economists, May exports are expected to rise 23% from a year ago compared with the 21.7% year-on-year increase recorded in April.]

News Updates:

  1. U.S. new-home sales plummet 33% to record low in May
  2. President Obama to relieve Gen. Stanley McChrystal of command: reports
  3. FOMC maintains low rates, downgrades assessment of economy
  4. Dow finishes volatile session with modest gains; Nasdaq, S&P edge lower
  5. European equity markets ranged from staying flat to falling more than 1% overnight after the Federal Reserve said European debt may harm economic growth
  6. Japan May exports up +32.1% year/year
  7. Australia’s Julia Gillard becomes PM

Quick Picks: Here is a quick pick screen that we have designed to pick out potential stocks, both Bullish and Bearish. These are measured with emphasis on larger changes in price and volume.

Bullish Stocks (Singapore)

Symbol

Name

Entry

SL

TSL

TP

Remarks
1 ARMS Armstrong Industrial Corp 0.475 0.425 0.525
2 SIAE SIA Engineering Co Ltd 3.99 3.85 4.13  
3 SOGL Sound Global 0.945 0.895 0.995  
4 FRNM Fraser & Neave Ltd 5.18 5.05 5.31 Cancelled (Gapped Up at Open)
5 IFAR Indofood Agri Resources 2.28 2.16 2.40  
6 STRL Straits Asia Resources 2.15 2.05 2.25
7 NOBG Noble Group 1.94 1.83 2.05
8 MIDA Midas Holdings 1.00 0.95 1.05
9 HIPI Hi-P International 0.605 0.57 0.64  

Stock Prices last updated at 9:05 (Singapore Time)

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