Philip Chua Business Blog

Posts Tagged ‘run-up’

THE war of the Reits between MacarthurCook Industrial (MI-Reit) in one corner and Cambridge Industrial Trust (CIT) in the other hit a new level yesterday when both firms called trading halts to make announcements.
Their simmering row has mostly been confined to full-page newspaper advertisements but it has intensified in the run-up to Monday’s key meeting to vote on MI-Reit’s financing plans.
CIT … more

UNLESS Shanghai displays signs of more destabilisation, local blue chips may well end on a high note for the month of August, as its last trading day draws to a close today.

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STindex

Despite earlier fears of a ferocious correction after the run-up last month, Augus… more

THE sizzling run-up in local stock prices since March is starting to ignite fears that valuations have run ahead of the economic reality.
At its current level, the Straits Times Index (STI) has rallied about 80 per cent from its March low and is up more than 30 per cent for the year.
Even after four straight days of losses and a 4.1 per cent slide last week, the index was still at 2,549.35 last Fr… more

Reuters – Stock index futures slipped on Monday as investors paused to book profits after a sharp four-week run-up.

ANOTHER solid week for US stocks capped a month’s worth of strong gains, but with uncertainty and doubt keeping pace with optimism despite the hefty run-up in stocks, even Wall Street’s most bullish analysts are bracing for a significant pullback over the next month and into the early fall.
‘Concern is still running high over the strength and durability of the economy’s recovery once it does brea… more

Reuters – Stocks rose slightly on Monday in a late rally as investors rotated into financial shares, which had lagged in the recent two-week run-up.

AFTER trading in positive territory for most of yesterday, the local market suffered a sharp reversal in the last half-hour to close in the red.

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STIndex

Dealers say profit-taking after a hefty run-up and weak indications from bourses abroad were key factors that kept a lid on gains during the day.

Th… more

TO USE a football analogy, yesterday’s session was very much a game of two halves – the first marked by a run-up in stock prices in response to Wall Street’s overnight rise, and the second marked by a sudden reversal, most probably via programme sell orders from Europe. The net result was a 3.5-point loss for the Straits Times Index (STI) to 2,450.83, after it earlier touched an intraday high of 2… more

Equity markets are continuing to dominate exchange rate movements. Corporate earnings data published so far suggest that the pessimism in the run-up to the reporting season was exaggerated; US banks and the technology sector in particular have posted better than expected results. However, the impending insolvency of US commercial lender…

Reuters – Stocks slipped on Thursday as a strong start to the earnings season was countered by mixed economic data, sparking caution after a robust three-day run-up.