Singapore Stock Market Updates On 14/06/10

Morning Highlights

Singapore stocks up as lifted by  Friday’s mild gains on Wall Street, with STI broke 2800…

• Advanced Holdings Ltd request for lifting of trading halt

Lookout for Economic News Release For Today:

1. Euro-zone Industrial Production figures for April in Luxembourg. (Bloomberg estimates April output to increase 0.5% March)

Corporate Announcements:

1. Singtel incorporated a new subsidiary, SingTel Mobile Singapore Pte. Ltd., for the provision of telecommunications services and investment holding.
2. Swiber proposed the sale of an indirect wholly-owned subsidiary, Samson Oceanic Pte. Ltd., and proposed the acquisition of shares in Enzer Corporation Limited.

News Updates:

1. China’s consumer price index in May accelerated to 3.1%, a 19-month high, and the producer price index rose to 7.1%. While bank lending has been slowing, money-supply growth is still running at over 20%, and retail sales grew by 18.7% yoy. May exports rebounded reaching a record high of $136 billion, and the monthly trade surplus jumped to $19.5 billion.
2. U.S. retail sales suffer first monthly decline since September.
3. U.S. stocks declined early Friday following retail-data disappointment but finished higher after late-session rally; Dow paces weekly gains, up 2.8%
4. BP set to defer payment of second-quarter dividend: Times of London
5. Japan’s Nikkei Stock Average rises 1.4% in early trade, as exporters advance.
6. Chinese wind-turbine maker Xinjiang Goldwind Science & Technology Co. (002202.SZ) has decided to shelve its up to US$1.2 billion Hong Kong initial public offering because of volatile market conditions…

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 9.05 (Singapore Time)