Morning Highlights
Singapore shares traded mixed in opening trade on Thursday after the Dow closed at a 17-month high in the United States overnight.
- DBS broke 14.52
- Olam broke 2.65
- Singapore’s Universal Studios located within Resorts World Sentosa (RWS) on Sentosa Island is officially set to open to the public today.
News Updates:
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The S&P 500 climbed for a third straight day and extended its rally from a 12-year low last March to 72%. The benchmark index for U.S. equities traded at the highest intraday level since Sept. 29, 2008. (Bloomberg)
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Federal Reserve’s renewed pledge of low interest rates.
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Big drop in energy costs pulls U.S. producer prices 0.6% lower in February
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SP AusNet seen pricing US$184 million 7.5-yr bond
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)
|
Name |
Entry |
SL |
TSL |
TP |
Remarks |
||
| 1 | SCOF | Super Coffeemix | 0.755 | 0.70 | 0.81 | ||
| 2 | HKLD | Hong Kong Land | 5.00 | 4.85 | 5.15 | ||
| 3 | IFAR | Indofood Agri Resources | 2.38 | 2.16 | 2.60 | ||
| 4 | GAGR | Golden Agri Resources | 0.605 | 0.55 | 0.66 | ||
| 5 | LOHO | Longcheer Holdings | 0.66 | 0.615 | 0.705 | ||
| 6 | UOBH | United Overseas Bank | 18.96 | 18.42 | 19.50 | (Mid Term) | |
| 7 | PWAY | Parkway | 3.17 | 3.08 | 3.26 | (Early Signal) Overnight, Current Price at 3.23 | |
| 8 | HBEE | Ho Bee Investments | 1.86 | 1.75 | 1.97 | Overnight, Current Price at 1.86 | |
| 9 | SGXL | Singapore Exchange Ltd | 7.93 | 7.74 | 8.12 | Overnight, Current Price at 8.04 |
Stock Prices last updated at 17.05 (Singapore Time)
Afternoon Highlights
Market is choppy..
- Guocoleisure broke 0.675
News Updates:
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Hong Kong February Composite Interest Rate At 0.11%
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Hong Kong December to February Jobless Rate 4.6%, Consensus 4.8%.
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China Mobile Ltd 2009 Net Income totaled 115.21 billion yuan ($16.88 billion), up 2.3% a year earlier. Revenue was 452.1 billion yuan, an on-year rise of 9.8% from 411.81 billion yuan. It proposed a final dividend of 1.46 Hong Kong dollar (19 U.S. cents) a share, compared to final dividend of 1.40 Hong Kong dollar a year ago.
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British Gross Mortgage Lending rose 6% from January to around 9.2 billion pounds ($14.1 billion), the Council of Mortgage Lenders reported Thursday.
In Summary,
Index slipped down 5.36 points to close at 2913.94, with 1.3228 billion traded. Do be mindful of the resistance made on 2947.08 on Jan 11 2010
