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STI to cross 3000 boosted by long-term investors
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ronleech
Master |
27-Jul-2009 13:11
Yells: "Believe in yourself. Ride with the waves......" |
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Cheong aarrrhhh.... Let the cheaser up lorry then we go in to buy,,,lol... |
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dealer0168
Elite |
27-Jul-2009 13:11
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But i guess still early. (Jus my opinion)
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dealer0168
Elite |
27-Jul-2009 13:10
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Yup, agreed, logical.
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iPunter
Supreme |
27-Jul-2009 12:50
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People've been saying that in the last few weeks too... But the stubborn market beast is not giving in to people's expectations... hehehe... 
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chewwl88
Member |
27-Jul-2009 12:45
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The risk is getting higher. There will be an adjustment after STI hit high for few week. There will be an rest time for STI. Beware on this.... |
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dealer0168
Elite |
27-Jul-2009 12:43
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Aug is Month of PENNY. Maybe...
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Hulumas
Supreme |
27-Jul-2009 12:41
Yells: "INVEST but not TRADE please!" |
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Penny day becomes penny week then penny month is the trend. Ha. ha.. ha... I buy several illiquid penny stock now( range between <Sgd.0.20 to Sgd. 0.01), after buying several liquid penny last few days(range between <Sgd. 0.8 to Sgd. 0.20)!
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dealer0168
Elite |
27-Jul-2009 12:40
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2600 should hit soon, need not wait til Aug. Maybe this week. | ||||
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victorf
Master |
27-Jul-2009 11:37
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Market is always RIGHT !!! Good Luck !
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erictkw
Veteran |
27-Jul-2009 11:32
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DJ MARKET TALK: STI +0.9% On Overseas Cues; Still On Uptrend -DMG 0137 GMT [Dow Jones] Singapore shares heading higher in early trade, extending recent strong run on positive U.S. and regional leads; STI +0.9% at 2,555.10 with resistance tipped around 2,570 (61.8% retracement of fall to March low of 1,455 from May 2008 high of 3,269). DMG technical analyst James Lim tips further upside; "we believe that the present uptrend has not yet run its full course." Says technical indicators still positive; "we therefore recommend vested investors not to jump ship yet while those looking to enter the market should do so at current levels before the STI hits an overbought condition." Most blue chips higher with CapitaMall (C38U.SG) +3.2% at S$1.63 despite several broker downgrades post Friday's 2Q09 results. Economically-sensitive financials also doing well with SGX (S68.SG) +2.5% at S$8.56, DBS (D05.SG) +1.4% at S$12.78. Breadth positive with gainers outnumbering losers 6 to 1 in broad market, all subsector indexes in positive territory; traded volume solid. (KIG) |
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waterfalls
Senior |
27-Jul-2009 11:27
Yells: "Investing is calculated risk, patience n luck" |
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Next week Monday OCBC results, Wed UOB and Fri DBS results.. let's hope it will propel market up to 2,700. | ||||
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dealer0168
Elite |
27-Jul-2009 11:03
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Today seems to be Penny day also....... | ||||
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cyjjerry85
Elite |
27-Jul-2009 11:00
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just when we thought there might be some slight correction after the cheonging last week...suddenly this morning monitoring the screen and see that STI charging up with some substantial volume involved it often seems tt what the general public perceives with the analysts on TV/Media say...frequently turn out to be the opposite |
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dealer0168
Elite |
27-Jul-2009 10:35
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Asian Stocks Advance for 10th Day, Longest Streak Since 2004 By Patrick Rial and Kotaro Tsunetomi July 27 (Bloomberg) -- Asian stocks rose for a 10th day, driving the MSCI Asia Pacific Index to its longest winning streak since 2004, on confidence earnings will increase at financial and mining companies. Nomura Holdings Inc., Japan’s largest brokerage, rose 3.7 percent after the Nikkei newspaper said the company will likely post its first quarterly profit since 2007. Rio Tinto Group, the world’s third-largest mining company, added 3.1 percent in Sydney after nickel and aluminum prices advanced. Hitachi Ltd. rallied 6.5 percent after the Nikkei said it will launch takeovers of five listed affiliates. “I expect people to focus on individual stocks with trading cues,” said Tomochika Kitaoka, a senior strategist at Mizuho Securities Co. in Tokyo. Assuming the Nikkei report on Hitachi is true, “overseas investors will likely see the plan as a chance to make Hitachi’s operations more efficient.” The MSCI Asia Pacific Index climbed 1 percent to 109.03 as of 10:07 a.m. in Tokyo, a 10th straight gain and the longest winning streak since January 2004. Stocks on the gauge traded at 24 times estimated net income, higher than the 16 times for the U.S. Standard & Poor’s 500 Index. Equity markets open for trading throughout the region climbed. Japan’s Nikkei 225 Stock Average rose 1 percent to 10,043.06. South Korea’s Kospi Index gained 1.3 percent. Futures on the S&P 500 were little changed today. The gauge added 0.3 percent on July 24 after Federal Reserve Chairman Ben S. Bernanke said the central bank is “winding down” emergency measures aimed at curbing the financial crisis. Financial Profits Japan’s three largest brokerages, Nomura, Daiwa Securities Group Inc. and Nikko Cordial Corp., which is being acquired by Sumitomo Mitsui Financial Group Inc., likely swung to profit last quarter on rising mutual fund sales and underwriting fees, the Nikkei said yesterday. Nomura jumped 3.7 percent to 824 yen. Daiwa rose 3.9 percent to 556 yen. The nation’s top three banks also likely became profitable last quarter with a combined net income of as much as 200 billion yen ($2.1 billion), the Mainichi newspaper reported on July 25. Mitsubishi UFJ Financial Group Inc., the country’s biggest publicly traded lender, rose 1.8 percent to 560 yen, while Mizuho Financial Group Inc. gained 1.9 percent to 212 yen. Sumitomo Mitsui added 1.6 percent to 3,830 yen. Rio Tinto jumped 3.1 percent to A$59.32. Mitsui & Co., which generates more than half its profits from commodities dealing, climbed 2.2 percent to 1,197 yen. Fortescue Metals Group Ltd., Australia’s third-largest iron ore producer, gained 2.1 percent to A$4.42. Oil, Metals A gauge of six metals in London climbed for a 10th day to a level not seen since Oct. 9. Crude oil rose 1.3 percent to $68.05 a barrel in New York on July 24, the highest settlement since July 1. Oil dipped 0.4 percent today. Hitachi rallied 6.5 percent to 313 yen after the Nikkei said the electronics giant will make five listed affiliates into wholly owned subsidiaries. Hitachi Maxell Ltd., Hitachi Plant Technologies Ltd., Hitachi Information Systems Ltd., Hitachi Software Engineering Co. and Hitachi Systems & Services Ltd., were all untraded with the shares bid higher by as much as 11 percent. A separate Nikkei report said yesterday that JTEKT Corp., a Toyota Motor Corp. affiliate, will spend as much as 40 billion yen to acquire the needle bearings business of U.S.-based Timken Co. JTEKT rallied 4.4 percent to 1,038 yen. |
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AK_Francis
Supreme |
27-Jul-2009 09:36
Yells: "Happy go lucky, cheers." |
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Well, long waited liao, NK hits 10k ds am, HSI would likely bounds into 20k, STI ah, above 2550 heng heng loh. DJ tonite kena 10k, believes. Not a Monday blue, cheers for all. |
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iPunter
Supreme |
27-Jul-2009 09:07
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The market is upbeat... There's no reason for bearish sentiment in the short term. Broad demand is picking up at firm prices! 
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iPunter
Supreme |
27-Jul-2009 09:00
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Good... sure to "Cheong Aarrrhhh!!!" ...
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ozone2002
Supreme |
27-Jul-2009 08:52
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business times today stated fund managers gettin bullish on asia | ||||
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ronleech
Master |
27-Jul-2009 08:51
Yells: "Believe in yourself. Ride with the waves......" |
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Cheong arrhhh....... i might short in the afternoon....selective counter thot...hahaha |
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iPunter
Supreme |
27-Jul-2009 08:48
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Not for noise or 'wuliao'... It's a reminder to go with the flow... and not stick to a firm opinion... hehehe...
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