Philip Chua Business Blog

Posts Tagged ‘Straits’

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

POLICYHOLDERS of NTUC Income can expect a surprise bonus this year to commemorate its 40th anniversary. Yesterday, its chief executive Tan Suee Chieh told The Straits Times that it is likely to do ’something special’ for its customers to mark the anniversary.
Details will be announced when the insurance cooperative posts its investment performance next month or in April.
Besides the good news for … 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

THE tiredness exhibited by the local market on Wednesday proved to be a precursor of things to come as prices fell yesterday across-the-board. Weighed down by weakness in Hong Kong and by expectations of a soft Thursday for Wall Street, the Straits Times Index finished 17.24 points down at 2,913.25, with the broad market recording 256 falls versus 190 rises, excluding derivatives. In the previous … more

PENNY stocks were all the rage yesterday as trading for 2010 first got off to a slow start but picked up as the day wore on. The Straits Times Index, as always, depended on Hong Kong’s Hang Seng for direction, thus closing a nett 3.07 points weaker at 2,894.55 when the Hang Seng also closed marginally softer.

But it was in penny stocks that the real action was to be found and this was amply refl… 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

INVESTORS showed they were determined to end on a high note in what has been a wild year by sending the market to a 16-month high yesterday.
Banks and property counters were the stars on the last full day of business as traders dressed up their prices for one last final time.
It all helped to send the Straits Times Index (STI) up 10 points to 2,879.76, bringing the total gains for the year to 63.5… 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

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

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