As a recap, the STI registered a 0.4% higher close despite rising as much as 0.7% intraday yesterday; the 3470 recent peak remains a tough obstacle to overcome in the near term. With local investors likely to stay by the sidelines in anticipation of the US Federal Reserve’s release of its minutes tonight, we could Read More
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“We believe NIMs for the sector will move quite a bit in the coming quarters… 3-month SIBOR… has shot up and there is no reason to believe it will slow,” JPMorgan wrote in a March 16 sector report. The increase in SIBOR may be a double-edged sword as rising rates could impact debt servicing ability Read More
(RTTNews.com) – The Singapore stock market gave up less than a point, but that was enough to snap the modest two-day winning streak in which it had gained 6 points or 0.2 percent. The Straits Times Index remained just above the 3,450-point plateau, although the market may bounce higher again Read More
SINGAPORE, April 2 (Xinhua) — Singapore stocks finished higher on Thursday, with the benchmark Straits Times Index (STI) up 6.73 points, or 0.20 percent, to close at 3,453.75. A total of 1.39 billion shares changed hands with turnover of 925.5 million Singapore dollars (681.1 million U.S. dollars). Gainers outnumbered decliners 225 to 188, while 521 Read More
As a recap, the STI registered a flat close yesterday, after showing signs of initiating a bearish reversal at the 3460 key resistance the day before. Technically, the daily MACD has also started to converge bearishly towards its signal line, this suggests that the downside momentum could be building up. As such, we are likely Read More
Led by ThaiBev and IHH Healthcare. A report by DBS stated that the FTSE ST Consumer Goods Index was the best performer in March, lifted by an 8% m-o-m gain in Thai Beverage shares. The Healthcare sector also performed well last month, thanks to an 11% surge in IHH Healthcare shares. “Our analyst likes ThaiBev Read More
(RTTNews.com) – The Singapore stock market on Tuesday wrote a finish to the five-day winning streak in which it had advanced almost 45 points or 1.3 percent. The Straits Times Index closed just below the 3,450-point plateau, and now the market may extend its losses on Wednesday. The global Read More
SINGAPORE: Analysts have said that Singapore equities could be on the rebound. This comes after a decent showing in the first quarter of 2015 – with the Straits Times Index (STI) managing to climb 2.4 per cent year-to-date. In the same period last year, the STI saw gains of 0.67 per cent. Analysts said the Read More
(RTTNews.com) – The Singapore stock market has finished higher now in five straight sessions, collecting almost 45 points or 1.3 percent in that span. The Straits Times Index settled just below the 3,455-point plateau, and now the market may extend its gains again on Tuesday. The global forecast for Read More
Check out the five strongest performers. In line with the STI which has generated a 9.1% price gain over the period while maintaining a 3.2% dividend yield, Singapore’s 20 largest capitalised stocks that are actively traded have averaged a 12.0% return over the past 12 months. According to SGX, the 20 largest stocks that are Read More