Singapore News Highlights: 24th Nov 2015

• Singapore shares were up with the STI up 0.04% or 1.05 points to 2,904.54. 

• KLW shares fall 14% after it announced yesterday that it is under investigation by the Commercial Affairs Department for possible offence(s) under the Securities and Futures Act.

• New Silkroutes Group requested to lift its trading halt, after Malta's Ministry of Energy and Health has become a new shareholder of IEG Malta.

• UOB launched its US$8 billion covered bond programme.

• Noble’s battling criticism of its accounting, may have its credit rating cut to junk by S&P's on concerns about the company's liquidity.

• Kepple Corporation has priced the issue of its S$200 million notes due 2023.

• Subsidiary of Midas won 4 contracts worth S$16.1 million to supply aluminium alloy extrusion for metro trains in China, and airport rail trains in Malaysia.

• Yuan fell to its 3-month low as the central bank weakened the currency's reference rate amid a dollar advance and also due to the concern that China will allow a decline to help its economy.

• Risks for S-Reits will rise in 2016, in view of weak economic fundamentals and new supply that will be added into most sectors.

• Singapore inflation eased last month, to -0.8% as compared with -0.6% in September mainly due to the lower costs of oil-related and retail items.

• The creation of the Asean Economic Community has potentially significant consequences for the Singapore economy.

• USD rose yesterday at economic reports expected to show improvements that could support a Federal Reserve interest rate hike next month.

• National Gallery Singapore,was unveiled by Prime Minister Lee Hsien Loong before it opens to the public from Today.

STI MARKET REVIEW- 5th Oct 2015

Singapore’s benchmark Straits Times Index opened today at 2,778.59 points, up by 1.21 per cent or 33.92 points and ended 58.10 points or 2.08% higher to 2851.25. STI came off from its intra-day peak of  2851.25 and  low of  2822.28 Wall Street's unexpected bounce on Friday helped add some stability to Asian markets on Monday, enabling the Straits Times Index (STI) to jump 58.1 points or 2.1 per cent to 2,851.25. Turnover however, remained low and concentrated in the 30 index stocks - the entire market traded just 1.1 billion units worth S$942 million of which S$697 million or 74 per cent was generated by STI components.

LOCAL BOURSE  
                                                                        
Singapore Exchange (SGX) has launched a new index business, SGX Index Edge, that will offer comprehensive services aimed at addressing the rising demand for index-linked investment in Asia.

Market forecast:

STI is expected to be bullish tomorrow. STI has the resistance at 2860. If it breaks this level it is expected to go up till 2875. STI has its support at 2820. The bullish trend is supported by weak U.S. job data  which has eased out the fear of U.S. rate hike by FED.

STI COUNTER SPECIFIC NEWS    

• Ascendas Reit has kicked off bookbuilding on its much-anticipated Singapore dollar perpetual non-call 5, with guidance offered in the 5 per cent area.
• OSIM International is down 1.23% at $1.605 after Taiwan's Food and Drug Administration reportedly found excessive levels of pesticide residues in OSIM's majority-owned TWG Tea's "Chamomile Green Tea" that was exported from India.
• Two senior US-based energy executives have left commodity trader Noble Group in the past week.

GLOBAL FACTORS AND WORLD INDICES:

• Hong Kong stocks bounced sharply on Wednesday from the previous session's two-year lows, wrapping up a tumultuous quarter in which the benchmark Hang Seng Index plunged more than 20 per cent. At market close, the Hang Seng was up 1.4 per cent, to 20,846.30, while the China Enterprises Index gained 1.9 per cent, to 9,405.50 points.
• China's stocks rose, paring the biggest quarterly loss since 2008, as the government struggled to halt a US$5 trillion rout and the world's second-largest economy showed signs of a sharper slowdown.
• European stocks advanced, rebounding from Tuesday's decline, as investors paused to assess value in what is heading for the worst quarter in four years. The Stoxx Europe 600 Index jumped 1.8 per cent to 345.43 at 8:07 am in London.
• Nikkei The pan-European FTSEurofirst 300 index rose 2.2 per cent. The euro zone's blue-chip Euro STOXX 50 index advanced 2.5 per cent.
• Hong Kong stocks closed 1.62 per cent up on Monday. The benchmark Hang Seng Index gained 348.41.79 points to end at 21,854.5.

The Basics Of Stock Investment - SGX Market

When it comes to investing in SGX market, off course no one expects to lose the capital. Moreover, everyone wants to earn capital and succeed.

Here are various strategies you should follow to grow chances of winning in the market.

It’s Necessary to Be Updated While Investing in Stock Market:

The stock market involves number of investors with conflicting views because if one investor sells out a particular stock, next investor buys it. As both the investors have different views while buying a stock, it is conflicting system.

Overall, if one investor makes good profit; other might suffer from loss. Therefore, it’s necessary to be updated about stock trading with correct Stock Picks to get succeed.

Avoid Predicting the Market:

Well, there are so many reasons why stock prices get up or down. Some of the reasons include rumors by media, perspective of various experienced investors, risk factors, supply & demand and because of the presence of various suitable alternatives.

Because of above mentioned factors & related information creates the reason for stock price to fluctuate, as a result of which buyers & sellers are unable to predict the future market conditions.

If sellers increase, the price of stocks will definitely fall. In the same way, if buyers will be more than sellers, stock prices will get rise. In addition to this, it’s necessary to get Stock Trading System from trustworthy firm to analyze the market properly before investing.

The Final Word:

When making stock investment in SGX market, as there are investors on the other side who are ready to buy the stocks you’re selling (vice versa), you should be able to take good decision before investing.