Philip Chua Business Blog

Posts Tagged ‘bourse’

TRADERS should pay more attention when handling large orders to prevent market manipulation, according to the Singapore Exchange (SGX) yesterday.
The bourse operator said trading members and representatives should query clients on orders that may ‘adversely impact the market’.
‘Trading members and trading representatives are free to employ different trading strategies,’ said the SGX in a note post… more

THE move by the Singapore Exchange (SGX) to change its clearing and settlement system for shares traded here is on hold after a systems glitch.
It has postponed the implementation of the proposed changes until a date yet to be announced, the bourse operator said in a statement yesterday.

Last month, SGX outlined changes to the Central Depository (CDP) settlement processes and penalty framework -… more

AFTER two days of red ink and downbeat investor sentiment, the local bourse swung back into positive territory yesterday following gains on other Asian stock markets.
Stocks enjoyed a rally following encouraging auto data out of the United Sates and an upward revision of China’s growth forecast by the World Bank. These two items of news stoked investor hopes of a sustainable economic recovery.
Inv… more

BUMPER profit numbers from Apple sent regional stock markets rolling yesterday, although the local bourse lost its enthusiasm half way through the day.
The Straits Times Index was up by 17 points at one stage, but traders took advantage of the higher prices to cash in.
The sell-off sent the STI easing back to close virtually unchanged, 0.61 points lower at 2,711.09, while other regional bourses we… 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

THE local bourse was raring to go yesterday morning, but its bright start to the week crumbled rapidly under enormous selling pressure in Shanghai, which plunged deeply into the red.
After opening at a high of 2,667.82 points, the Straits Times Index (STI) quickly lost steam, sinking into negative territory within half an hour of trading. It never made it back to the black all day.
By the close of… more

POOR share price performance and a lack of liquidity have prompted a handful of China firms here, or S-chips, to delist from the Singapore Exchange (SGX).
So far this year, Sihuan Pharmaceutical, Man Wah Holdings and ChungHong Holdings, among others, have taken steps to exit the local bourse.
One of the woes that S-chips here face is that they are trading at lower values than their counterparts in… more

RENEWED hopes of an early economic recovery helped to bolster sentiment on the local bourse yesterday.
This was despite a fall in other regional markets, following concerns that China might be looking to curb investments in industries suffering from overcapacity.
In Singapore, the benchmark Straits Times Index (STI) ended 13.8 points higher at 2,642.23.
DBS Group Research said in a report that it … more

THE Singapore Exchange (SGX) has become the first Asian bourse to set up a ‘dark pool’ – a special under-the-radar trading platform for very large share trades between institutional investors.

What are dark pools?

… more

STOCK prices on the local bourse were confined to a tight trading range yesterday as investors awaited the release of United States job data for July, due out after the close of Asian trading today.
This data is seen as an important indicator of the health of the world’s bellwether economy amid fresh worries over the pace of its recovery.

These concerns stalled the recent rise of the Singapore m… more