Morning Highlights

Singapore market edged up in opening trade after Wall Street closed slightly higher overnight, with STI up 9.06 points to open at 2853.01.

On the other hand, Japanese shares seesaw in choppy trade, with consumer finance firms giving back gains from the previous session…

Corporate Announcements:

  1. Yangzijiang, through its wholly-owned subsidiary, subscribed for 51% of the equity interest in the capital of Jiangsu Runyuan Rural Microfinance Co. Ltd. The company provides microcredit to enterprises and individuals.

News Updates:

  1. U.S. first-time jobless claims unexpectedly rise, up 12,000 to 472,000 in latest week
  2. Stocks steady as investors pay it cautious ahead of more U.S. data, BP testimony. U.S. stocks rally late to end higher; Dow surges from day’s lows to close up 25 points
  3. May leading economic indicators rise less-than-forecast 0.4%; slower U.S. growth’s seen.
  4. Federal Reserve Bank of Philadelphia’s general economic index slumped to 8 in June from 21.4 the previous month, below the average economist forecast of 20 in a Bloomberg News survey.
  5. Gold closes at all-time high of $1,248.70 an ounce.
  6. Facebook profitable, 2009 revenue neared US$800 million.
  7. A successful Spanish government bond auction on Thursday helped allay concerns over the creditworthiness of the Spanish government.

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 SFLD Stamford Land Corp Ltd 0.52 0.47 0.57
2 KPLD Keppel Land 3.86 3.75 3.97  
3 FRNM Fraser & Neave 5.01 4.90 5.12
4 OLAM Olam International 2.63 2.53 2.73  
5 OSIL OSIM International 0.93 0.875 0.985
6 CATL Capitaland Ltd 3.85 3.68 4.02  

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

OOJ0andrFwg