Philip Chua Business Blog

Posts Tagged ‘session’

A LIMP trading session yesterday finished with brokers heaving a sigh of relief that the boredom had ended and with the Straits Times Index standing 12.99 points weaker at 2,749.19.
Prices hardly budged throughout trading hours, forcing dealers and remisiers to try their luck at intraday punting, the alternatives being to watch TV or doze off at their terminals. As such, penny stocks were active, … more

SINGAPORE stocks gained yesterday as hopes of the European Union (EU) stepping in to rescue debt-ridden Greece lifted the gloom for some Asian markets.
The Singapore market posted gains for a second straight session, with investors rummaging for bargains among stocks that had been sold down last week on fears over piling European sovereign debt.
The Straits Times Index capped yesterday’s trading s… more

IF YOU are betting on the local market today, chances are you will be leaning towards the bears.
After all, with a negative Friday close on Wall Street, a market holiday today in the US and lingering concerns over an overheating property market in China, there seems little reason to hope for a positive session here, or across the region.

The Dow Jones tumbled 100.9 points to 10,609.65 last Frida… 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

THERE was very little to distinguish yesterday’s session from Tuesday’s – the Straits Times Index (STI) rose, the broad market was mixed, volume was low and dealers who decided not to go on vacation spent the whole day wondering if perhaps they had made the wrong decision.
Other features reminiscent not just of Tuesday but also of previous days included a relatively heavier concentration of effort… more

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

POTENTIAL dual listings provided the main targets for yesterday’s session, following Tuesday’s explosive debut for China XLX in Hong Kong (HK). As a result, stocks such as Oceanus, China New Town, China Milk and Midas were all in play, based on hopes that if they obtain approval to list in markets such as HK or Taiwan, where valuations are higher, their prices here will have to rise.
However, if H… more

SINGAPORE market crept up to a new 14-month high during a listless and cautious session. And this happened on a day when other Asian bourses were buoyed by positive newsflows suggesting that a synchronised global economic recovery was very much intact and underway.
‘This market has no backbone,’ quipped one seasoned dealer…. more

SINGAPORE may be buzzing amid the arrival of top global leaders for the Asia-Pacific Economic Cooperation summit but nothing, it seems, can stir the local stock market – and others around the region – from a decidedly lacklustre patch.
Blue-chip stocks around the region stayed trapped within a tight trading range throughout the trading session yesterday.
Even the ailing greenback’s renewed weaknes… more

A PUSH on the banks helped the Straits Times Index yesterday rise 14.22 points to 2,707.6 in a tepid session that saw the broad market record 163 rises against 218 falls excluding derivatives.
The softness was not overly surprising given that the index had already risen sharply on Monday ahead of the US rally which meant that it made sense for investors to sell into strength yesterday. Providing a… more