Philip Chua Business Blog

Posts Tagged ‘blue chips’

THE local stock market yesterday continued to display the same features which have been a hallmark of trading for more than a month now – low liquidity, mainly rotational activity generated by dealers and proprietary desks, and as far as blue chips were concerned, a reliance on Hong Kong first for direction, then Europe.
All of which is another way of saying that trading representatives mainly rep… more

IT WAS another relatively good week for stocks, with our portfolios advancing an average of 1.1 per cent. But this was a shade paler than the 1.2 per cent chalked up by the blue chips Straits Times Index.
Our star portfolio last week was that made up of the highest dividend yield. It advanced 1.8 per cent. The biggest contributor to the portfolio’s gain was Hong Leong Asia, which added another 4.7… more

RETAIL investors made up for time lost over the holidays by rushing into penny stocks to give the new year an octane- fuelled start.
Blue chips largely missed out on the action after having enjoyed a final sprint last Thursday to finish last year on a high note.
‘Most of my clients are very bullish. They are confident that the economy is back on track to growth,’ said UOB Kay Hian remisier Charlie… more

SECOND liners and penny stocks continued to soak up the bulk of the market’s window-dressing energies yesterday as blue chips took a back seat for most of the session.

The Straits Times Index, which had risen 34 points in the previous two days and in local currency was up 63 per cent for the year to date, hovered within a narrow band before ending a nett 10 points higher at 2,879.76 on 2009’s pe… more

TRADERS were all but wearing Santa Claus suits yesterday as they embraced the Christmas mood and sent the market to a 17-month high.
Funds, too, got in the act by window- dressing blue chips to make the last full trading day before the holiday a festive one. The result was a 17.74-point rise in the benchmark Straits Times Index (STI) to 2,841.56.
But it would not be Christmas without the presence … more

ASIAN bourses were trapped in a narrow range of trading yesterday, with investors adopting a wait-and-see approach as the greenback stabilised against the region’s currencies.
Blue chips did their best to rally – and they did manage to get the benchmark Straits Times Index (STI) up by 13.75 points to 2,758.79 – but other Asian markets were mixed.
China’s Shanghai Composite Index rose by 0.53 per c… more