Philip Chua Business Blog

Posts Tagged ‘blue chips’

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

OUR small-cap portfolio slid about one per cent as investors paused to review the progress of the global economic recovery and the relative valuation of stocks. But blue chips held up rather well, with the Straits Times Index (STI) edging up 0.2 per cent in the week to yesterday.
Among the stocks in our portfolio, S-chips in the chemical fibre business were the biggest losers last week. China Sky … more

TRADERS had nothing much to get out of bed for yesterday, with no new directions or temptations to inspire share buying.
Blue chips languished within a tight price range, with investors preferring to keep their powder dry as they awaited the release of third-quarter results from the big guns.
These include CapitaLand, which reports its results today, followed by OCBC Bank tomorrow and United Overs… more

A STEADY flow of bad news is beginning to dampen jittery retail investors’ appetite for penny stocks and S-chips.
While blue chips took a hit yesterday, following weaker-than-expected United States job data released last Friday, their collateral fallout was nowhere nearly as serious as the rout suffered by penny stocks and China plays.
The benchmark Straits Times Index (STI) had managed to recover… more

GAINING exposure to a blue-chip company need not mean buying its pricey shares listed on the Singapore Exchange (SGX).
Investors are making a beeline for an increasingly popular financial derivative product known as Contracts for Difference (CFDs), which enable them to ‘own’ these blue chips without having to stump up the full price of the stock.
Brokerages jostling for a slice of the action inclu… more

PENNY stocks stole the limelight on the local bourse yesterday as blue chips took a breather a day after hitting their highest levels this year.
Fund managers turned their attention to Hong Kong, where the hotly pursued China-based Sinopharm Group made what turned out to be a less than sizzling trading debut.
But at home, retail investors were in the thick of the trading action, snapping up China … more

OUR portfolios stayed rather resilient despite the correction in the blue chips Straits Times Index last week. Five out of six of our portfolios advanced. Only one – the lowest price-to-book portfolio – weakened. On average, the portfolios edged up by 0.6 per cent.
The largest gain last week was posted by the portfolio made up of stocks with the highest dividend yield. It climbed 1.7 per cent, tha… more