Singapore Stock Market Updates On 06/09/10

Morning Highlights

Singapore market opened higher after better-than-expected U.S. jobs data Friday spurred Wall Street,, with STI up 8.47 points to 3011.03.

Please note that U.S. market is closed for holiday, hence, today’s session might be in light volume and taking its cue from the Asian Markets.

• C&O Pharmaceutical Technology broke 0.505

Watch Out For Economic News Today:

1. Euro-zone September Investor Confidence
2. U.S ABC Consumer Confidence

Corporate Announcements:

1. Swiber incorporated a new Singapore subsidiary – Swiber PJW 3000 Pte. Ltd.
2. Capitaland’s subsidiary, Ascott, held a grand opening ceremony for its first serviced residence property in Chengdu.
3. Yanlord Land opened its first large scale integrated commercial development in Chengdu.

News Updates:

1. U.S. Stocks rallied, extending the biggest weekly gain since July for the S&P’s 500 Index, while Treasuries and the dollar fell as better-than- estimated growth in private payrolls bolstered optimism the economy will avoid relapsing into a recession.
2. U.S. private payrolls excluding government jobs rose by 67,000 after a revised 107,000 increase in July that was more than first estimated, easing concern unemployment will thwart the recovery.
3. First Time U.S jobless claims fell 6,000 in a week ended Aug 28
4. U.S. ISM non-manufacturing businesses, which covers about 90% of the economy, declined to 51.5 in August from 54.3 the prior month.
5. U.S. Pending Home Sales gauge, climbs 5.2% in July.
6. ECB holds key rate steady at 1%.
7. Julius Baer eyes investing excess US$1.22b capital.
8. H-P again tops Dell offer for 3Par; report put latest Hewlett bid at $33 a share.
9. Burger King shares soar more than 20% on report of buyout deal.

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)

Stock Prices last updated at 13:00 (Singapore Time)

Afternoon Highlights

Singapore market spent the morning tracking movements in Hong Kong, with the STI ending the session 7.47 points higher at 3010.03, in line with a rise in the Hang Seng Index.