Index had little change despite strong closing in the overnight DJ. We are expecting consolidation for our market, so be cautious when opening any trades as mentioned yesterday.
News update :
1) Citigroup posts $2.2 billion third-quarter operating profit as credit provisions fall.
2) Industrial production falls in September, making its first drop after six months of gains.
3) US stocks struggle for gains early Monday, as Citigroup boosts the financial sector.
4) Bank of America to restart foreclosure process in 23 states by Oct 25 : report.
5) US stocks finish higher as financials lead gains; Dow climbs 81 points.
6) IBM posts 12% jump in profit, raises full-year outlook
7) Apple profit rises 70% on $20.3 billion in sales; 14 million-plus iPhones sold in quarter.
Quick Picks :
1) City Development enter 13.76 SL 13.06
2) SGX enter 10.28 SL 9.87
Medium term picks :
2) Wilmar enter 6.49 SL 5.87
