Morning Highlights

Singapore market edged higher after modest gains from overnight Dow Jones, with STI up 7.5 points to open at 3074.61 .

  • SIE broke 4.43
  • Biosensor broke 0.875

Watch Out For Economic News Today:

  1. Singapore August Non-oil Domestic Exports (Singapore August NODX grows 31%)
  2. U.S August CPI

News Updates:

  1. FedEx lifts adjusted profit range for fiscal 2011 ; to combine freight operations, cut jobs.
  2. Stocks declines pared after US weekly initial jobless claims fall to 450,000.
  3. Fed gauge of Philadelphia-region economy negative for second straight month.
  4. U.S. poverty rate hits highest level since 1994 : Census Bureau.
  5. Dow industrials, Nasdaq finish higher after late-session reversal ; S&P ends flat.
  6. Texas Instruments to buy back $7.5 bln in stock and hike dividend 8% ; shares jump 5% late.

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

HKLD

Hong Kong Land

6.15

5.74

 

6.56

  
2 OVES Overseas Union Enterprise Ltd 3.07 2.93 3.21
3 MIDA Midas Holdings 1.04 0.95 1.11
4 TRKL Trek 2000 International 0.535 0.47 0.60  
5 OLAM Olam International 3.06 2.94 3.18
6 DELO Delong Holdings 0.69 0.625 0.755  

Stock Prices last updated at 17:05(Singapore Time)

Afternoon Highlights

Market is holding up to its early gains…

News Updates:

  1. Spot gold hit a new record high of US$1,277.75 an ounce on Friday, as investors remained concerned about economic prospects.

In Summary

Singapore shares closed higher, STI up 9.26 points to close at 3076.37, with 2.2222 billion traded.

By week, index is up 54.09 points, with 10.5657 billion traded. Watch out for Olam in the coming week!

Our Market Sentiment is bullish…

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