Philip Chua Business Blog

Posts Tagged ‘hang seng index’

WEAKNESS in Hong Kong and expectations of a possibly soft session for Wall Street meant that the local market underwent an indifferent session yesterday in which rotational punting of penny stocks was the main focus. The Straits Times Index, in the meantime, didn’t show much conviction throughout the day, spending most of the session moving in tandem with Hong Kong’s Hang Seng Index. With the latt… more

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

THANKS to a surprise Monday rebound on Wall Street, stocks in this part of the world rose yesterday. In Hong Kong, the Hang Seng Index finished 2.1 per cent per cent higher, while here, the Straits Times Index gained, recovering almost exactly Monday’s loss when it rose 34.06 points to 2,663.31. It had dropped 33.57 on Monday.
Much of the day was spent trailing Hong Kong, where stocks continued to… more

WALL Street’s overnight slide put pressure on the local market yesterday, but expectations of a possible US rebound on Thursday helped minimise losses. Hong Kong’s Hang Seng Index Index initially fell almost 3 per cent but finished 2.5 per cent weaker, leading to the Straits Times Index (STI) cutting its loss from about 28 points to 18.51 points at 2,667.43.
As always, stocks priced below 20 cents… 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

HELPED by a push on SingTel and property stocks, the Straits Times Index yesterday gained for a fourth consecutive session, up 13.8 points to 2,642.23 despite weakness in Hong Kong that cut 1.04 per cent off the Hang Seng Index. Penny stocks were very much in focus once again – volume traded excluding foreign currency issues was 3.3 billion units worth $1.8 billion or about 55 cents per share.
The… more

Since then, China’s volatility has played a major role in daily trading here, partly because of the sympathetic impact the country exerts on the Hang Seng index and partly because of the role China plays in driving the region’s economies.
However, despite the somewhat unnerving wobbles experienced in Shanghai and Shenzhen over the past fortnight, prices have not corrected by much and the warning i… more

FOR the time being, it looks like China has assumed the mantle traditionally worn by the US stock market, possibly because of the strong computerised trading that links regional markets. Such has been the case this past week and so it was again yesterday when a 4 per cent rebound in China that pushed the Hang Seng Index up about 1.9 per cent meant that the Straits Times Index rose 36.79 points to … more

ECONOMIC recovery hopes continued to underpin trading yesterday, with prices rising across the board. As always, the Straits Times Index (STI) took direction from Hong Kong’s Hang Seng Index, the latter finishing 3 per cent higher which resulted in the STI rising 34.07 points to 2,484.90.
Programme trades played a large part in the index’s gain yesterday and the suggestion, based on past experienc… more