Morning Highlights
Our Focus For Today Is On Commodity Sector
STI opens high at 2790.24 and continues to trade higher above resistance at 2785.94. However, index starts coming down after the first hour.
Investors were keeping a close eye on how Chinese markets perform later following the previous day’s sharp drop, to see for any further reaction to Monday’s call by China’s main banking regulator for China’s lenders to strictly comply with capital requirements or face sanctions. The Shanghai Composite index closed down 3.5% Tuesday.
News Updates
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U.S. economy books 2.8% growth in third quarter
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U.S. consumer confidence improves in November
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FDIC says number of troubled U.S. banks rises to 552 — most since 1993
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Fed expects slow recovery to keep U.S. joblessness elevated
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Japan’s exports grew in October for the third straight month thanks to robust shipments to Asia
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 | YAZG | Yangzijiang Shipbuilding | 1.19 | 1.06 | 1.11 | 1.49 | Overnight – Current Price at 1.18 |
| 2 | FRNM | Fraser & Neave Ltd | 4.03 | 3.90 | 4.16 | ||
| 3 | NOBG | Noble Group | 2.94 | 2.87 | 3.01 | Triggered – Current Price at 3.01 (small risk) |
Stock Prices last updated at 11.46 (Singapore Time)
