Friday, August 24, 2012

Market Daily -- 24th Aug 12

6. Biosensors International Started At Buy With S$1.48 Target By Religare

5. PEC Target Raised To S$0.59 From S$0.57 By DBS Vickers

4. EFSF CEO: European Adjustment Strategy Is Delivering Results
EFSF CEO: Current-Account Deficits of Peripheral Economies Improving
EFSF CEO: Repair of Banking System Advancing, Bank Capitalization Improving
EFSF CEO: Inflation Risks Well Contained; Deflation Risk Is Minimal
EFSF CEO: Europe Can Sustain 1%-2% Growth Over Next Decade
EFSF CEO: Stand Ready to Act in Concert With European Central Bank
EFSF CEO: Ready to Act With ECB if a Member State Requests Liquidity
EFSF CEO: Buying Spanish Bonds at Auctions Is an Option
EFSF CEO: No Request yet for Buying Government Bonds

3. F&N +1.2% at S$8.42 After Block of 35.8 Million Shares Changes Hands

2. FJ Benjamin Target Cut To S$0.39 From S$0.41 By DMG & Partners

1. The Dow Jones industrial average .DJI dropped 115.30 points, or 0.88 percent, to 13,057.46. The Standard & Poor's 500 Index .SPX lost 11.41 points, or 0.81 percent, to 1,402.08. The Nasdaq Composite Index .IXIC fell 20.27 points, or 0.66 percent, to 3,053.40