Tuesday, March 31, 2015

Daily Summary 31 Mar 15

Europe and Dow were all up last night. Dow was +264 at 17976.  Trend of Dow is turning up.  Dow's future at the moment is -12.  Europe opened slightly up.

Asian bourses were mixed.  Nikkei -204, ShanghaiC -37, Hangseng +46.  STI closed -6 at 3448.  Volume was 1.4b shares.  Gainers were 204 to 261 losers.

Trend of STI is up but flattening.

Top volumes were SinoConstruction +1.2, IHC unchanged, SIIC +0.2, CCFH +0.1, HPHTrust -0.5, Ellipsiz -0.3, Rowsley +1.5, GlobalLog +1, GoldenAgri -1, SingTel +2.

Market opened up but slipped to negative by late morning and stayed there for the rest of the session. It closed at near day low. Blue chips were mixed.  Penny and speculatives were weaker.

European bourses are slightly up at the moment while Dow's future slightly down

Monday, March 30, 2015

Daily Summary 30 Mar 15

Europe closed mixed on Friday while Dow was +34 at 17713.  Dow's trend is down.  Dow's future is now +124.  Europe opened firmly up.

Asian bourses were mostly up.  Nikke +126, ShanghaiC +97, Hangseng +369.  STI Closed +5 at 3456.  Volumes were 1.7b shares.  Gainers were 224 to 215 losers.

Trend of STI is up.

Top volumes were SIIC +0.4, Vallianz +0.3, Albedo  unchanged, Ellipsiz +0.4, AdvanceSCT  unchanged, DarcoWater +0.4, IHC unchanged, IHC unchanged, SinoConstruction +0.7, Blumont -0.1, CNA +0.4.

Market opened down but moved up immediately and stayed positive for the whole session except for a slight dip in late afternoon. It stayed  relatively flat and closed near day high with a gain of 5 pts. Volume was 1.7b shares.  Blue chips were slightly firmer while the general market was flat.

Europe and Dow are looking firm at this moment.

Friday, March 27, 2015

Daily Summary 27 Mar 15

Europe and Dow were all slightly down last night.  Dow -40 closing at 17678.  Dow's trend continues to slip down.  Dow's future at the moment is +22. Europe opened up.

Asian bourses were mixed.  Nikkei -185, ShanghaiC +10, Hangseng -11.  STI closed +14 at 3446.  Volume was 1.7b shares.  Gainers were 253 to 166 losers.

Trend of STI is up.

Top volumes were GoldenAgri +3, Ellipsiz +1.4, SIIC +0.5, Mirach unchanged, Albedo +0.2, Charisma -0.3, Magnus unchanged, IHC -0.5, Vallianz -0.3, Noble +1.

STI opened up and stayed up the whole day to close near day high with +14 points.  Blue chips were generally firmer.  Penny and speculatives were firmer as well.

Dow and Europe are looking to close positive tonight.

Thursday, March 26, 2015

Daily Summary 26 Mar 15

European bourses were all down last night. Dow was sharply lower, -293 at 17719. Trend of Dow is going down.  Dow's future is now -100.  European bourses opened sharply down.

Asian bourses were mostly down.  Nikkei -275, ShanghaiC +22, Hangseng -31.  STI closed +14 at 3433.  Volume was 1.7b shares.  Gainers were 274 to 178 losers.

Trend of STI is up.

Top volumes wereVallianz +1, Mirach +1.8, Charisma +0.9, Blumont +0.3, IHC unchanged, Swiber +1.9, OttoMarine +0.4, Noble +2, SIIC -0.1, MoyaAsia unchanged.

STI opened down but recovered through the session. By mid morning it was positive and stayed positive for the rest of the day. Blue chips were mostly up but SIA was sold down, -22. Penny and speculatives were also slightly firmer.

Europe and Dow are looking weak at the moment.

Wednesday, March 25, 2015

Daily Summary 25 Mar 15

European bourses were mixed but more on the upside yesterday.  Dow closed -105 at 18011. Dow's trend is starting to weaken.  Dow's future is now +7. Europe opened flat with some slightly down.

Asian bourses were mixed.  Nikkei +33, ShanghaiC -29 and Hangseng +2.  STI closed +4  at 3418.  Volume was 1.4b shares. Gainers were 254 to 173 losers.

Trend of STI is still looking up.

Top volumes were SIIC +1.2, IHC +0.5, MoyaAsia unchanged, PacificAndes -0.2, Noble +0.5, DarcoWater +0.2, NOL +6.5, Equation unchanged, GoldenAgri +0.5, SingTel +3.

STI opened slightly down, stayed down for a couple of hours before moving to positive and stayed slightly up for the rest of the session.  Blue chips were generally firmer. Penny stocks and speculatives too were seeing more gainers than losers.

Europe and Dow's future are flat at the moment with Europe slightly on the down side.

Tuesday, March 24, 2015

Daily Summary 24 Mar 15

European bourses were weaker last night.  Dow closed -12 at 18116.  Dow's trend is up.  Dow's future is now +41.  European bourses opened up.

Asian bourses were mixed.  Nikkei -41, ShanghaiC +4, Hangseng -95. STI closed +5 at 3415.  Volume was 1.3b shares.  Gainers were 246 to  180 losers.

Trend of STI is still up.

Top volumes were IHC unchanged, Noble -0.5, Genting -1, Pacific Andes +0.2, Equation +0.2, LippoMallsTr +0.5, SingTel +1, SIIC unchanged, Yuuzoo +0.5, CNA +0.2.

STI opened up and stayed marginally positive for the whole day except for a few minutes when it dipped slightly to negative. It recovered to close positive for the day.  Blue chips were mostly up.  Penny and speculatives were slightly firmer.

Europe and Dow's future are up at the moment.

Monday, March 23, 2015

Daily Summary 23 Mar 15

Dow and Europe closed up on Friday.  Dow was +169 at 18128. Trend of Dow continues to move up.  Dow's future at the moment is -35.  Europe opened down.

Asian bourses were mostly up.  Nikkei +194, ShanghaiC +70, Hangseng +119.  STI closed +3 at 3415.  Volume was 1.2b shares.  Gainers were 223 to 216 losers.

Trend of STI is moving up.

Top volumes were Noble +2.5, IHC +0.5, SIIC -0.3, APAC unchanged, Biosensors +6, UniFiber +0.1, SingTel unchanged, HPHTrust unchanged, ChipEngSeng -0.5, Vallianz +0.1.

STI opened marginally down but moved up quickly and stayed positive for the rest of the session. It closed off its high at 3430 with only +3. Blue chips were mostly firmer but penny and speculatives were mixed.

Europe and Dow are looking weak at the moment.

Friday, March 20, 2015

Daily Summary 20 Mar 15


Europe closed mixed last night. Dow - 117 closing at 17959.  Trend of Dow is still up. Dow's future is now +69.  Europe opened up.

Asian bourses were mostly up.  Nikkei +84, ShanghaiC +35, Hangseng -94.  STI closed +27 at 3413.  Volume was 1.4b shares.  Gainers were 271 to 186 losers.

Trend of STI has turned up with a golden crossing.

Top volumes were Noble +2.5, SIIC -0.1, Ezion +9.5, IHC unchanged, Genting +1, SingTel +5, GoldenAgri +0.5, Mirach +0.4, AscendasReit +10, Vallianz +0.1.

Market opened down but turned up and continued to gain strength through the day to close near day high. Blue chips were mostly higher.  The general market were also firmer.

Dow's future and Europe are now positive and looking firm.

Thursday, March 19, 2015

Extended Settlement Contracts designated as dormant


‘ In view of the low levels of trading interest in the SGX Extended Settlement (ES) Contracts, SGX has decided to designate these contracts as dormant, with effect from 1 April 2015.’
 

This is a product that has its lifespan prematurely shortened for lack of interest. Trading on this product has petered to negligible level in its few years of existence since its introduction into the market in Jan 2009.
 

A peep into the stock market also revealed that hundreds of stocks listed in the SGX were also thinly traded or not traded for weeks or months. Interest in such inactive stocks is so low that it would not be a surprise if they will be delisted voluntarily by the respective companies in due course.
 

It would not be funny if such inactive stocks will also be designated as dormant stocks one day. A quick count on Friday 20 Mar morning, 11am, showed that at least 350 stocks were not traded at all, inclusive of 28 suspended counters. This is nearly 50 percent of the 805 counters listed. If this is going to be the case and going to be a norm, what does it say of the market and these stocks?
 

What do you think? Would they join the company of Extended Settlement Contracts as dormant stocks?

Daily Summary 19 Mar 15

European bourses were mixed last night but Dow closed +227 at 18076.  Dow's trend is up with a golden crossing.  Dow's future is now -21.  Europe opened up.

Asian bourses were mostly up. Nikkei -68, ShanghaiC +5, Hangseng +349.  STI closed +24 at 3386.  Volume was 1.4b shares.  Gainers were 239 to 255 losers.

Trend of STI is slightly up.

Top volumes were Noble -1.5, IHC unchanged, SingTel +10, Ezion -5, MoyaAsia +0.5, SIIC -0.2, HPHTrust +1, LH -0.1, Vard -2, AscendasReit +5.

Market opened up and stayed up the whole session. It moved up further in late afternoon to close at day high. Blue chips were mostly up while penny and speculatives were slightly weaker.

Europe is flat at the moment while Dow's future is slightly down.

Wednesday, March 18, 2015

Daily Summary 18 Mar 15

European bourses were mixed but Dow was -128 closing at 17849.  Dow's trend is still on the rebound.  Dow's future is at the moment +15.  Europe opened slightly down.  

Asian bourses were mostly up. Nikkei +107, ShanghaiC +74, Hangseng +219.  STI -8 at 3362.  Volume was 1.2b shares.  Gainers were 168 to 311 losers.

Trend of STI is flat.

Top volumes were IHC unchanged, Noble -3.5, SinoConstruction -0.2, SIIC +0.6, HPHTrust -1, ThaiBev -1.5, SingTel -4, Ellipsiz -0.3, APAC +0.2, Genting -0.5.

STI opened slightly down and stayed flat for most part of the day before slipping down in late afternoon.  It closed near day low -8 pts. Blue chips were mixed. Penny and speculatives were weaker.

Europe and Dow's future are relatively flat at the moment.

Tuesday, March 17, 2015

Daily Summary 17 Mar 15


Europe and Dow were firmly up last night. Dow closed +228.  Dow's trend is turning up.  Dow's future is now +5.  Europe opened mixed.

Asian bourses were mostly up.  Nikkei +191, ShanghaiC +54, Hangseng -48.  STI closed -6 at 3370.  Volume was 1.5b shares.  Gainers were 180 to 311 losers.

Trend of STI is flat at the moment.

Top volumes were Ellipsiz +0.5, Noble -3, MoyaAsia +0.2, IHC unchanged, GoldenAgri -0.5, SinoConstruction +1.1, ThaiBev +1, Metech unchanged, HPHTrust +1, DarcoWater -0.1.

STI was up on opening but weaken slightly and stayed positive till after lunch. It then slipped to negative by mid afternoon to close near day low at 3370. Blue chips were mostly down and so was the general market.

Europe is starting to slip to negative while Dow's future is marginally up.

Monday, March 16, 2015

Daily Summary 16 Mar 15

European bourses closed mixed on Friday.  Dow -146 at 17749.  Dow's trend can go either way at the moment.  Dow's future is now +62.  Europe opened firmly up.

Asian bourses were mixed.  Nikkei -8, ShanghaiC +76, Hangseng +126.  STI closed +15 at 3378.  Volume was 1.2b shares.  Gainers were 164 to 297 losers.

Trend of STI is starting to turning up.

Top volumes were SIIC -0.4, Magnus unchanged, IHC unchanged, Noble -2, Tigerair +1.5, Biosensors +2, Armarda -0.1, Blumont -0.1, Unifiber unchanged,

STI opened flat but moved up quickly to stay positive for the rest of the session. Blue chips were weaker but index stocks were pushed up to move the index higher. General market was down.

Europe and Dow's tuture are positive and looking steady for tonight.

Friday, March 13, 2015

Daily Summary 13 Mar 15

European bourses were flat and mixed last night.  Dow closed +260 at 17895. Downtrend of Dow is stopped for the mement.  Dow's future is now +13.  Europe opened mixed and flat.

Asian biourses were mostly firmer.  Nikkei +263, ShanghaiC +24, Hangseng +25.  STI closed -5 at 3368.  Volume was 1.2b shares.  Gainers were 212 to 215 losers.

Trend of STI is still down.

Top volumes were SIIC +1.4, Magnus unchanged, SinoConstruction -1.3, IHC unchanged, Noble +2.5, Biosensors +1, MDR unchanged, Genting -0.5, Albedo +0.1, Yoma +0.5.

STI opened flat and stayed slightly positive for an hour before slipping to negative for the rest of the session. It closed near day low, -5 pts.  Blue chips were slightly firmer. Speculatives and penny stocks were mixed. It was another quiet session.

Thursday, March 12, 2015

Daily Summary 12 Mar 15

European bourses were firm last night. Dow -28 closing at 17635.  Trend of Dow is down.  Dow's future is now +70.  Europe opened flat.

Asian bourses were mostly up.  Nikkei +268, ShanghaiC +58, Hangseng +80.  STI closed -9 at 3369.  Volume was 1.4b shares.  Gainers were 199 to 253 losers.

Trend of STI is down.

Top volumes were Armarda +0.1, SIIC +0.6, IHC unchanged, MoyaAsia +0.3, Noble +1, IPC +0.5, Yoma +5, DarcoWater -0.2, GoldenAgri unchanged, Genting unchanged.

STI opened down, crept up to +2 for a moment and slipped back to negative for the rest of the day. It closed off its low of -21, closing at -9.  Blue chips were slightly more gainers than losers.  Penny and speculatives were weaker.

European bourses are marginally down at the moment while Dow's future is now +70.

Wednesday, March 11, 2015

Daily Summary 11 Nar 15

Europe and Dow were sharply down last night. Dow -333 at 17663.  Dow's trend is down.  Dow's future is now +48.  Europe opened up.

Asian bourses were mixed. Nikkei +58, ShanghaiC +5, Hangseng -179.  STI closed -19 at 3380.  Volume was 1.4b shares.  Gainers were 134 to 325 losers.

STI is sliding down.

Top volumes were MagnusEnergy unchanged, Noble -1.5, IHC unchanged, MoyaAsia +0.2, DarcoWater +0.7, Golden
Agri -1, Genting -0.5, Tigerair +1, SuntecReit -6, ThaiBev -0.5.


STI opened down and sttayed down the whole session. It tried to move back up in the first hour of trading but could not break up.  It closed near day low.  Blue chips were mostly weaker so is the general market.

Dow's future is slightly positive at the moment while Europe opened firmer.

Tuesday, March 10, 2015

Daily Summary 10 Mar 15

European bourses closed mixed last night.  Dow gained 139 to close at 17996.  Dow's down trend halted for the moment. Dow's future is now -71. Europe opened down.  

Asian bourses closed mostly down.  Nikkei -125, ShanghaiC -15, Hangseng -226.  STI closed -9 at 3396. Volume was 1.3b shares.  Gainers were 190 to 250 lsoers.

Trend of STI is flat.

Top volumes were Noble -6.5, Ellipsiz +0.4, IHC unchanged, Genting -2.5, Biosensors +2, Tigerair +1, SingTel unchanged, SIIC unchanged, Digiland unchanged, ThaiBev +1.5.

STI opened slightly up and stay there for the most part of the day. It slid down in late afternoon to close negative and near day low.
Blue chips were seeing more reds. Penny and speculatives were also weaker.

Dow's future and Europe are down at the momen

Monday, March 9, 2015

Daily Summary 9 Mar 15

Dow and Europe were all down on Friday.  Dow -279 closing at 17857.  Trend of Dow has turned down quite convincingly.  Dow's future is now -30.  Europe opened down.

Asian bourses were mostly down with Shanghai bucking the trend.  Nikkei -180, ShanghaiC +61, Hangseng -41.  STI closed -17 at 3400.  Volume was 1.3b shares.  Gainers were 151 to 305 losers.

Trend of STI is weakening.

Top volumes were Noble -5.5, IHC unchanged, AdvanceSCT unchanged, Genting +3.5, Ellipsiz +1.2, UniFiber +0.1, HPHTrust -1, GoldenAgri +0.5, KLW +0.1, Xpress -0.1.

Market opened down 30 points but crawled back to close with a loss of 17 pts. Blue chips were mostly in the red.  Penny and speculatives too were mostly weaker following the fall in Dow on Friday.

Europe and Dow's future are looking weak at the moment.

Sunday, March 8, 2015

Friday, March 6, 2015

Daily Summary 6 Mar 15

Europe and Dow were all up last night.  Dow + 39 at 18136.  Dow's trend is still slipping down.  Dow's future is now -2.  Europe opened flat.

Asian bourses were mixed.  Nikkei +219, ShanghaiC -7, Hangseng -29. STI closed +27 at 3423.  Volume was 1.2b shares.  Gainers were 213 to 233 losers.

Trend of STI is still flat but starting to turn up a bit.

Top volumes were Noble +5, Genting -2.5, IC unchanged, SingTel +7, MDR unchanged, SIIC  unchanged, SinoGrandness -4.5, GoldenAgri +0.5, SinarmasLand +5, Spackman +4.1.

STI opened up and stayed up the whole day. It closed off its day high +22. Blue chips were mostly up. Penny and speculatives were mixed.

Europe and Dow's future are mixed at the moment.

Thursday, March 5, 2015

Daily Summary 5 Mar 15

European bourses were up last night but Dow closed -106 at 18097.  Trend of Dow is reversing down.  Dow's future is now +10 . Europe opened up.

Asian bourses were mostly down.  Nikkei +48, ShanghaIc -30, Hangseng -272.  STI closed -20 at 3395.  Volume was 1.4b shares.   Gainers were 180 to 252 losers.

Trend of STI slipping down.

Top volumes were AdvanceSCT unchanged, Xpress -0.1, SIIC +0.4, IHC unchanged, UniFiber +0.4, GoldenAgri -1.5, Genting -1.5, Noble +0.5, WE -0.1, ThaiBev -1.5.

Market opened flat, turned up for an hour and slipped to negative and stayed negative for the rest of the day. It closed at day low,  Blue chips were mostly red. Penny and speculatives too were weaker.

Europe and Dow's future are now positive.

Wednesday, March 4, 2015

Stock Picks 5 Nar 15

UOBKH
Smartflex Holding - Buy - TP $0.25

Daily Summary 4 Mar 15

Europe and Dow were all down last night.  Dow -85 closing at 18203.  Dow's trend is still up but toppish.  Dow's future is now -34.  Europe opened mixed.

Asian bourses closed mixed.  Nikkei -112, ShanghaiC +17, Hangseng -237.  STI closed -4 at 3418.  Volume was 1.4b shares. Gainers were 217 to 235 losers.

Trend of STI is flat.

Top volumes were AdvanceSCT unchanged, PNEMicron +0.1, IHC unchanged, GoldenAgr +1, Noble -1, ThaiBev +2, SIIC +0.3, SinoConstruction +1, Xpress +0.2, Yuuzoo +4.

Market opened flat then moved up to stay positive for most part of the day. It dipped to negative in the last few minutes of trading to close slightly negative. Blue chips were mostly down. Penny and speculatives were mixed.

European bourses opened mixed. Dow's future is slightly down at the moment.

Tuesday, March 3, 2015

Stock Picks 4 Mar 15

DBSV
IREIT - Buy - TP $0.90
Midas - Buy - TP $ 0.49

OCBC
Libra - Buy - TP $0.37

Daily Summary 3 Mar 15

European bourses were mixed and flat. Dow closed +156 at 18289.  Dow's trend is turning back up.  Dow's future at the moment is -8.  European bourses opened up.

Asian bourses were mixed. Nikkei -12, ShanghaiC -72, Hangseng -185.  STI closed +24 at 3427.  Volume was 1.4b shares.  Gainers were 200 to 270 losers.

Trend of STI is seeing the first day of rebound. Trend is flat.

Top volumes were GoldenAgri +1.5, Noble +6.5, SinoConstruction -4.7, IHC unchanged, PacificAndes -0.1, Xpress -0.1, ThaiBev -0.5, NextGen +0.1, GSH unchanged, Ezion -0.5.

Market opened and and stayed positive for the whole session. It closed off its high but still +18.  Blue chips were firmer. Penny and speculatives were weaker.

European bourses are up but Dow's future is now slightly down.

Monday, March 2, 2015

Daily Summary 2 Mar 15

Europe were generally slightly up. FTSE was flat.  Dow closed -82 to close 18133 on Friday.  Dow's trend is starting to turn down.  Dow's future is now +36.  Europe opened mixed.

Asian bourses closed mixed and relatively flat.  Nikkei +29, ShanghaiC +26, Hangseng +64.  STI closed -4 at 3399.  Volume was 1.5b shares.  Gainers were 153 to 340 losers.

Trend of STI is down.

Top volumes were Xpress -0.1, MDR unchanged, Noble -3, GoldenAgri -0.5, IHC unchanged, Genting -1, SingTel +2, SIIC -0.1, Ezion -3.5, ThaiBev +1.5.

STI opened up but slipped to negative quickly. it stayed negative for the most part of the session but within a small range. Blue chips were generally weaker.  Penny and speculatives too were seeing more reds.

Europe opened mixed.  Dow's future at the moment is slightly up.

Sunday, March 1, 2015

Stock Picks 2 Mar 15

DBSV
China Merchants - Buy - TP $1.42
Midas, - Buy - TP $0.49
Japfa - Buy - TP $0.76
Venture Corp - Buy - TP $8.40

OCBC
Thai Beverage - Buy - TP $0.80
YangZiJiang - Buy - TP $1.33
Venture Corp - Buy - TP $8.41
Libra - Buy - TP $0.37