Instead, it will not be surprising to see short-term traders taking profit soon, especially after the STI surged more than 1.1% yesterday; this after overcoming the 3460 key resistance a few sessions back. However, we deem the correction to be healthy. For now, we are pegging the immediate base at the 3460 newly established resistance-turned-support. Read More
The Singapore stock market on Friday wrote a finish to the two-day slide in which it had given away just 5 points or 0.2 percent. The Straits Times Index settled just above the 3,470-point plateau, and the market is looking at additional support on Monday. The global forecast for the Asian markets suggests mild upside, Read More
Yeo Kee Yan The Straits Times Publication Date : 12-04-2015 The Singapore equity market should stay resilient in the face of a rising interest rate environment. A stabilising earnings revision trend, single-digit earnings growth, reasonable market valuation and the “predictable” Fed are the reasons DBS Group Research thinks Read More
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The Singapore stock market has ticked lower in consecutive trading days, although it has given up just 5 points or 0.2 percent in that span. The Straits Times Index remained just above the 3,460-point plateau, although the market is poised to rebound on Friday. The global forecast for the Asian markets is upbeat, thanks mainly Read More
Net Interest Margins (NIMs) at DBS, OCBC and UOB averaged 1.69% in 4Q14, marginally higher than 1.66% in the year-ago quarter and steady from 3Q14. According to SGX, NIMs may rise in the coming quarters due to a surge in the Singapore Interbank Offered Rate (SIBOR), which could boost profits, though this may be partially Read More
As such, we could potentially see the STI heading higher towards the 3470 resistance again today, in its third attempt this week to overcome this key hurdle. Should this key level be conquered, the index will likely climb quickly to the next obstacle at the 3500 key psychological level. On the downside, we see the Read More
(RTTNews.com) – The Singapore stock market turned higher again on Tuesday, one session after it had ended the modest two-day winning streak in which it had gained 6 points or 0.2 percent. The Straits Times Index settled just above the 3,465-point plateau, although the market is likely to remain rangebound Read More
Singapore’s stock market rebounded in tandem with its regional peers yesterday, hitting a new full-year high as investors took their cue from gains on Wall Street amid expectations of a delayed interest rate hike. The benchmark Straits Times Index (STI) rose 12.71 points or 0.37 per cent to 3,465.62 points. The STI hit its 52-week Read More
They averaged an 11% price gain. Singtel was the best-performing Straits Times Index (STI) constituent stock in the first quarter, data from the SGX revealed today. Singtel gained 12.3% year-to-date in Q1, markedly higher than the 0.7% price gain registered by the index as a whole. The next best-performing stock was Hongkong Land Holdings, which Read More
