Philip Chua Business Blog

Posts Tagged ‘bang’

A 70-POINT rise in the December futures contract on the Dow Jones Industrial Average, a 1.7 per cent rise in Hong Kong’s Hang Seng index and a firm opening Europe-wide yesterday led traders here to bet heavily on Wall Street opening the week with a bang. The subsequent buying targeted mainly banks and propelled the Straits Times Index up 56.62 points to 2,783.85 in moderate volume of 1.85 billion … more

SOME of the excitement which has been missing from the local stock market during the first two days of this week returned yesterday with a bang when investors bought in anticipation of an earnings-driven Wednesday rise on Wall Street. They formed this view based on developments on two fronts – a 2 per cent jump in the Hang Seng Index and a 90-point rise in the December futures contract on the Dow … more

WALL Street celebrated a sobering anniversary last week by building solidly on a strong rally as the third quarter earnings season got underway with a bang.
Last Friday marked the day two years ago that the stock market hit its all-time high, when the Dow Jones Industrials closed at a best ever 14,164.53 on Oct 9, 2007.
Despite a better than 50 per cent rally now in its seventh month since stocks … more

INVESTORS yesterday banked on Wall Street reopening with a bang after its closure on Monday for a public holiday and so pushed Hong Kong’s Hang Seng Index up 2.1 per cent and the Straits Times Index up 16.96 points to 2,660.91.
It was the STI’s fourth consecutive rise, during which it has gained 90 points or 3.5 per cent. Also adding to confidence to buy was a firm opening for Europe and a 95-poin… more