Index opened little change despite strong finish in the overnight DJ. Cautious trading is needed during this time period but we had quite a number of IPOs for this week. Just look out for Mapletree Industry Trust at 2pm today.
News update :
1) Boeing raises 2010 profit forecast, citing stronger outlook for commercial airplanes.
3) Apple to launch Mac App Store, new operating system called Lion.
4) Dow finishes up 129 points, recouping part of yesterday’s losses; Boeing leads gains.
5) EBay earnings rise 23%; forecast tops Wall Street’s estimates.
6) China’s economic growth slows to 9.6% in third-quarter, just above expectations.
Quick Picks :
1) City Development enter 13.76 SL 13.06
2) SGX enter 10.28 SL 9.65
Medium Picks :
1) IndoAgri enter 2.70 SL 2.23
2) Wilmar enter 6.49 SL 5.87