FTSE STI closed 2,921.44, down 34.50 points or -1.17% with a total volume of 1.31b and a total value of S$1.36b. Total number of advance vs decline was 178 vs 270. Of the 30 component index stocks, 7 closed positive, 4 unchanged and 19 in the red. The top 5 gainer component stocks were :-
1. CityDev +0.040
2. StarHub +0.040
3. Noble +0.025
4. Ascendas Reit +0.020
5. ST Engg +0.020
The top 5 loser component stocks were :-
1. JMH USD -0.800
2. JSH USD -0.390
3. UOB -0.370
4. Jardine C&C -0.340
5. DBS -0.250
US markets closed mixed and flat last Friday but Asian bourses were mostly in the red with Nikkei -1.28%, SSE -0.78% and HSI +0.27%. STI opened positive but failed to hold on to the gain and closed -1.17% in thinner volume and value than past days with only 7 of the 30 index stocks posted gain.
US markets were flat as investors digest the recent volatile markets awaiting for more clues from US Fed during the weekend Jackson Hole summit concern about rate hike. Again, another set of confusing signal from US Fed as they do not rule out rate hike in September. With confusing signals from US Fed and investors awaiting for tomorrow China official PMI data which should be showing contraction and this Friday US non-farm payroll data, Asian investors were on cautious mode. Lack of bargain hunting also failed to support the markets.
STI opened brightly but as regional markets were mostly down, the selling sentiment continued resulting in a negative closing with the index unable to clear the 3,000 level and struggling to find a support at the 2,950 level too. Beware of more volatile market ahead !
This will be the last write up on Market Summary as the blog will next solely focus on Portfolio Analysis, Stocks Analysis and Market Analysis.
Showing posts with label Market Summary. Show all posts
Showing posts with label Market Summary. Show all posts
Monday, August 31, 2015
Friday, August 28, 2015
Market Summary -- 28th Aug 15
FTSE STI closed 2,955.94, up 10.51 points or +0.36% with a total volume of 1.98b and a total value of S$1.44b. Total number of advance vs decline was 277 vs 189. Of the 30 component index stocks, 18 closed positive, 4 unchanged and 8 in the red. The top 5 gainer component stocks were :-
1. JMH USD +1.990
2. JSH USD +1.120
3. Jardine C&C +0.260
4. Olam +0.160
5. SIA Engg +0.090
The top 5 loser component stocks were :-
1. SIA -0.090
2. DBS -0.080
3. Capitaland -0.080
4. OCBC -0.070
5. ST Engg -0.050
5. SingTel -0.050
US markets rose for the 2nd day with a gain of at least 2% yesterday. Asian bourses taking the cue were mostly positive for the day with Nikkei +3.03%, SSE +4.90% and HSI -1.04%. STI gain 0.36% in moderate volume and value than past days with 18 of the 30 index stocks posted gain.
A gain of at least 2% allowed US markets to move out of correction phase after a better than expected 2Q GDP coming in at +3.7% vs the previous estimate of +2.3%. The global concerns might have eased a bit but those worries still cannot be totally ignored. While the current market turmoils might have caused US Fed to think twice of rate hike next month but the improving economic data could paint a different picture given that US Fed has all along indicating the rate hike will be data driven. For SSE the past 2 days of rebound might look impressive as most believe it was the work of state funds buying that lead to the technical. However, the fact remains that still majority of the stocks still suspended to avoid the market turmoils. An event which investors will be monitoring this weekend will be the Jackson Holes meeting for Central Bankers. Investors will be looking out for clues of when US Fed will hike rate.
STI continued the rebound from yesterday crossing the 2,950 level but fail to break the 3,000 level. Unless that level is broken with strong volume, the general trend still biases towards the downside. Next week will be interesting given that next Monday is the last day of the month in which funds should be doing month end window dressing but soon after that will be the official release of China PMI in which most expecting a figure to show it is in contraction. Volatile market could return next.
1. JMH USD +1.990
2. JSH USD +1.120
3. Jardine C&C +0.260
4. Olam +0.160
5. SIA Engg +0.090
The top 5 loser component stocks were :-
1. SIA -0.090
2. DBS -0.080
3. Capitaland -0.080
4. OCBC -0.070
5. ST Engg -0.050
5. SingTel -0.050
US markets rose for the 2nd day with a gain of at least 2% yesterday. Asian bourses taking the cue were mostly positive for the day with Nikkei +3.03%, SSE +4.90% and HSI -1.04%. STI gain 0.36% in moderate volume and value than past days with 18 of the 30 index stocks posted gain.
A gain of at least 2% allowed US markets to move out of correction phase after a better than expected 2Q GDP coming in at +3.7% vs the previous estimate of +2.3%. The global concerns might have eased a bit but those worries still cannot be totally ignored. While the current market turmoils might have caused US Fed to think twice of rate hike next month but the improving economic data could paint a different picture given that US Fed has all along indicating the rate hike will be data driven. For SSE the past 2 days of rebound might look impressive as most believe it was the work of state funds buying that lead to the technical. However, the fact remains that still majority of the stocks still suspended to avoid the market turmoils. An event which investors will be monitoring this weekend will be the Jackson Holes meeting for Central Bankers. Investors will be looking out for clues of when US Fed will hike rate.
STI continued the rebound from yesterday crossing the 2,950 level but fail to break the 3,000 level. Unless that level is broken with strong volume, the general trend still biases towards the downside. Next week will be interesting given that next Monday is the last day of the month in which funds should be doing month end window dressing but soon after that will be the official release of China PMI in which most expecting a figure to show it is in contraction. Volatile market could return next.
Thursday, August 27, 2015
Market Summary -- 27th Aug 15
FTSE STI closed 2,945.43, up 72.43 points or +2.52% with a total volume of 1.96b and a total value of S$1.61b. Total number of advance vs decline was 459 vs 61. Of the 30 component index stocks, 29 closed positive and 1 unchanged. The top 5 gainer component stocks were :-
1. JMH USD +2.240
2. Jardine C&C +1.650
3. DBS +0.440
4. JSH USD +0.410
5. UOB +0.390
US markets posted a gain of almost 4% yesterday and Asian bourses rallied for the day with Nikkei +1.08%, SSE +5.40% and HSI +3.60%. STI rose 2.52% in moderate volume and value than past days with 29 of the 30 index stocks registered gain.
US markets finally rebounded snapping a 6 days of losing and got out of correction phase. That was mainly due to comment from one of US Fed that September rate hike looks less compelling and that could signify US Fed going to delay rate hike. Question now is whether the rebound can be sustained ? For Asian markets, the positive sentiment from US markets helped lifted the bearish sentiment and China market finally rebounded and again question will be whether the rebound can be sustainable. US will release its 2Q GDP tonight and next week will be the much await China official PMI data for August in which most expecting a contraction and the question will be how bad will the contraction be. The current slow down in China economy in particular since June till now will have impact on global economy but how bad still an unknown.
STI rallied, reclaimed the 2,900 level and testing the resistance at 2,950. The buying was broad base with bank and the Jardine group of stocks lifted the index. However, do cautious that how sustainable is it for this rebound ? Should the 2,950 level is unable to overcome with volume, STI might going down to re-test the recent low again.
1. JMH USD +2.240
2. Jardine C&C +1.650
3. DBS +0.440
4. JSH USD +0.410
5. UOB +0.390
US markets posted a gain of almost 4% yesterday and Asian bourses rallied for the day with Nikkei +1.08%, SSE +5.40% and HSI +3.60%. STI rose 2.52% in moderate volume and value than past days with 29 of the 30 index stocks registered gain.
US markets finally rebounded snapping a 6 days of losing and got out of correction phase. That was mainly due to comment from one of US Fed that September rate hike looks less compelling and that could signify US Fed going to delay rate hike. Question now is whether the rebound can be sustained ? For Asian markets, the positive sentiment from US markets helped lifted the bearish sentiment and China market finally rebounded and again question will be whether the rebound can be sustainable. US will release its 2Q GDP tonight and next week will be the much await China official PMI data for August in which most expecting a contraction and the question will be how bad will the contraction be. The current slow down in China economy in particular since June till now will have impact on global economy but how bad still an unknown.
STI rallied, reclaimed the 2,900 level and testing the resistance at 2,950. The buying was broad base with bank and the Jardine group of stocks lifted the index. However, do cautious that how sustainable is it for this rebound ? Should the 2,950 level is unable to overcome with volume, STI might going down to re-test the recent low again.
Wednesday, August 26, 2015
Market Summary -- 26th Aug 15
FTSE STI closed 2,873.00, down 13.29 points or -0.46% with a total volume of 2.33b and a total value of S$1.54b. Total number of advance vs decline was 225 vs 268. Of the 30 component index stocks, 10 closed positive, 2 unchanged and 18 in the red. The top 5 gainer component stocks were :-
1. HongkongLand USD +0.260
2. CityDev +0.200
3. SIA +0.120
4. UOB +0.110
5. SIA Engg +0.080
The top 5 loser component stocks were :-
1. JMH USD -0.890
2. Jardine C&C -0.440
3. JSH USD -0.360
4. DBS -0.250
5. Kep Corp -0.210
US markets closed in the red again yesterday and Asian bourses were mixed for the day with Nikkei +3.20%, SSE -1.30% and HSI -1.52%. STI swinging between gain and loss eventually closed -0.46% in moderate volume and value with 10 of the 30 index stocks posted gain.
US markets opened at least +2% yesterday after PBOC announced interest rate cut and lowering of RRR but faded during the last hour of trading sending them to negative closing. Asian markets initially reaction to China latest monetary policy were rather muted with a mixed performance. China market despite the move still close in the red. The latest move by PBOC to combat the slow down should not be considered as measure to salvage the trumbling market but addressing the economy slow down. However, that move might have come a bit too late as potentially, global economy is getting the hit now. Obviously, investors were not convince about the latest move as global stock markets still face the selling pressure.
STI opened lower after yesterday rebound but managed to swing back to gain and at one point move above the 2,900 level but fail to hold on to those gain eventually closed -0.46%. That is not surprising at all given that current event is global and not isolated cases and Singapore economy will get hit first in this region with the possible of getting into a technical recession next. Until it is clear and convince that a technical recession can be avoided, STI will have little strength to move pass 2,950 level.
1. HongkongLand USD +0.260
2. CityDev +0.200
3. SIA +0.120
4. UOB +0.110
5. SIA Engg +0.080
The top 5 loser component stocks were :-
1. JMH USD -0.890
2. Jardine C&C -0.440
3. JSH USD -0.360
4. DBS -0.250
5. Kep Corp -0.210
US markets closed in the red again yesterday and Asian bourses were mixed for the day with Nikkei +3.20%, SSE -1.30% and HSI -1.52%. STI swinging between gain and loss eventually closed -0.46% in moderate volume and value with 10 of the 30 index stocks posted gain.
US markets opened at least +2% yesterday after PBOC announced interest rate cut and lowering of RRR but faded during the last hour of trading sending them to negative closing. Asian markets initially reaction to China latest monetary policy were rather muted with a mixed performance. China market despite the move still close in the red. The latest move by PBOC to combat the slow down should not be considered as measure to salvage the trumbling market but addressing the economy slow down. However, that move might have come a bit too late as potentially, global economy is getting the hit now. Obviously, investors were not convince about the latest move as global stock markets still face the selling pressure.
STI opened lower after yesterday rebound but managed to swing back to gain and at one point move above the 2,900 level but fail to hold on to those gain eventually closed -0.46%. That is not surprising at all given that current event is global and not isolated cases and Singapore economy will get hit first in this region with the possible of getting into a technical recession next. Until it is clear and convince that a technical recession can be avoided, STI will have little strength to move pass 2,950 level.
Tuesday, August 25, 2015
Market Summary -- 25th Aug 15
FTSE STI closed 2,886.29, up 42.90 points or +1.51% with a total volume of 2.14b and a total value of S$2.36b. Total number of advance vs decline was 326 vs 177. Of the 30 component index stocks, 20 closed positive, 1 unchanged and 9 in the red. The top 5 gainer component stocks were :-
1. UOB +0.700
2. Kep Corp +0.500
3. OCBC +0.260
4. DBS +0.250
5. SGX +0.160
The top 5 loser component stocks were :-
1. JMH USD -1.170
2. Jardine C&C -0.150
3. HongkongLand USD -0.120
4. SPH -0.040
5. Olam -0.040
US markets fell more than 3% yesterday and Asian bourses were mixed with some managed to rebound from past days of selling but others continued the sell off. Nikkei -3.96%, SSE -7.63% and HSI +0.72%. STI rose +1.51% in higher volume and value with 20 of the 30 index stocks posted gain.
US markets were having a volatile day opening more than 5% in the red, staged an intra-day rebound to around -1.5% before ending the day with a drop of more than 3%. The reason of the volatile and sell off was none other than the China fear issue. For Asian markets it was a mixed day with some having a technical rebound but others like China continued the slide with another more than 7% drop, a 8-month low. There was concern why there is no action from PBOC to address the latest turmoil and that fear continue to drag on China markets. US markets should be staging a technical rebound today like some of the regional markets but so far no positive catalysts can suggest the reversal can be sustainable.
STI finally managed to close positive after past days of selling down as short-covering and bargain hunting lifted the index up but still fail to clear the 2,900 level. The rebound was led by bank stocks but the overall sentiment fails to convince of a sustainable reversal. Singapore will be holding a General Election on 11th Sep 2015 and hopefully that could divert some of the bearish sentiment from the market.
1. UOB +0.700
2. Kep Corp +0.500
3. OCBC +0.260
4. DBS +0.250
5. SGX +0.160
The top 5 loser component stocks were :-
1. JMH USD -1.170
2. Jardine C&C -0.150
3. HongkongLand USD -0.120
4. SPH -0.040
5. Olam -0.040
US markets fell more than 3% yesterday and Asian bourses were mixed with some managed to rebound from past days of selling but others continued the sell off. Nikkei -3.96%, SSE -7.63% and HSI +0.72%. STI rose +1.51% in higher volume and value with 20 of the 30 index stocks posted gain.
US markets were having a volatile day opening more than 5% in the red, staged an intra-day rebound to around -1.5% before ending the day with a drop of more than 3%. The reason of the volatile and sell off was none other than the China fear issue. For Asian markets it was a mixed day with some having a technical rebound but others like China continued the slide with another more than 7% drop, a 8-month low. There was concern why there is no action from PBOC to address the latest turmoil and that fear continue to drag on China markets. US markets should be staging a technical rebound today like some of the regional markets but so far no positive catalysts can suggest the reversal can be sustainable.
STI finally managed to close positive after past days of selling down as short-covering and bargain hunting lifted the index up but still fail to clear the 2,900 level. The rebound was led by bank stocks but the overall sentiment fails to convince of a sustainable reversal. Singapore will be holding a General Election on 11th Sep 2015 and hopefully that could divert some of the bearish sentiment from the market.
Monday, August 24, 2015
Market Summary -- 24th Aug 15
FTSE STI closed 2,843.39, down 127.62 points or -4.30% with a total volume of 1.85b and a total value of S$1.89b. Total number of advance vs decline was 50 vs 523. Of the 30 component index stocks, all closed in the red. The top 5 loser component stocks were :-
1. JMH USD -2.560
2. Jardine C&C -1.310
3. JSH USD -0.860
4. DBS -0.640
5. UOB -0.560
US markets plunged at least 3% last Friday and Asian bourses continued the massive sell down with Nikkei -4.61%, SSE -8.46% and HSI -5.17%. STI in line with regional bourses sink 4.30% in moderate volume and value with all of the 30 index stocks registered loss.
Fear of China economy slow down, fear of US Fed rate hike next month and uncertain of Greece when its PM resigned and called for a snap election triggered another sell down in US markets sending them into correction phase, falling more than 10% YTD. Asian markets with nothing over the weekend to alleviate the fear despite IMF trying to calm the market that China yuan devaluation is not a crisis and China giving a OK signal to pension funds to invest in the market continued the sell down. Crash is the word to describe the performance for regional markets with at least a 4% drop and China market suffered a plunge of more than 8%. What investors need to do is to wait for the fear and panic to reside as possibility of a over-reaction is there now.
STI broke the 2,900 level and nearing the next support level of 2,800. Despite all the talk about STI being a safer market compared with regional, the fact that Singapore economy can enter a technical recession next quarter got nothing to cheer about. Even yesterday National Rally nothing was announced regarding the economy and further disappoint investors. A technical rebound should be one the way but possibility of further downside still there unless Singapore economy manages to escape technical recession in the next quarter.
1. JMH USD -2.560
2. Jardine C&C -1.310
3. JSH USD -0.860
4. DBS -0.640
5. UOB -0.560
US markets plunged at least 3% last Friday and Asian bourses continued the massive sell down with Nikkei -4.61%, SSE -8.46% and HSI -5.17%. STI in line with regional bourses sink 4.30% in moderate volume and value with all of the 30 index stocks registered loss.
Fear of China economy slow down, fear of US Fed rate hike next month and uncertain of Greece when its PM resigned and called for a snap election triggered another sell down in US markets sending them into correction phase, falling more than 10% YTD. Asian markets with nothing over the weekend to alleviate the fear despite IMF trying to calm the market that China yuan devaluation is not a crisis and China giving a OK signal to pension funds to invest in the market continued the sell down. Crash is the word to describe the performance for regional markets with at least a 4% drop and China market suffered a plunge of more than 8%. What investors need to do is to wait for the fear and panic to reside as possibility of a over-reaction is there now.
STI broke the 2,900 level and nearing the next support level of 2,800. Despite all the talk about STI being a safer market compared with regional, the fact that Singapore economy can enter a technical recession next quarter got nothing to cheer about. Even yesterday National Rally nothing was announced regarding the economy and further disappoint investors. A technical rebound should be one the way but possibility of further downside still there unless Singapore economy manages to escape technical recession in the next quarter.
Friday, August 21, 2015
Market Summary -- 21st Aug 15
FTSE STI closed 2,971.01, down 38.77 points or -1.29% with a total volume of 1.94b and a total value of S$1.54b. Total number of advance vs decline was 129 vs 368. Of the 30 component index stocks, 4 closed positive, 3 unchanged and 23 in the red. The 4 gainer component stocks were :-
1. SGX +0.020
2. Noble +0.015
3. SIA +0.010
4. GoldenAgri +0.005
The top 5 loser component stocks were :-
1. JSH USD -0.750
2. JMH USD -0.670
3. UOB -0.550
4. OCBC -0.190
5. DBS -0.190
US markets plunged more than 2% yesterday and Asian bourses continued the selling down again with Nikkei -2.98%, SSE -4.21% and HSI -1.53%. STI closed -1.29% in moderate volume and value with only 4 of the 30 index stocks posted gain.
The concern of China growth slow down will impact globally and the uncertain of whether US Fed will hike rate next month triggered sell down in US markets with both DJ and S&P500 wiping out all the gain this year. A China flash PMI for August released this morning continued to show slowing down with reading coming in at 47.1, a 6.5 years low, below forecast of 47.7. That further hurt Asian sentiment as the selling down continue. Further concerns by investors apart from China economy slowing down is the action of US Fed. It is not a matter of rate hike next month but rather a move will strongly indicate the US Fed is again behind the curve in its monetary policy. They could have hike rate some 6 months ago but just drag on and now the persistent of rate hike will do nothing constructive to global economy. Watch out for possible stimulus action being announced over the weekend from China.
STI in line with regional markets fell and at one point fall more than 2% but managed to recover some ground in the afternoon session as short-covering and some bargain hunting took place. From technical point of view, the intra-day pattern indicating a rebound is one the way. How far the rebound will be depend on what's happening over the next few weeks in the macroeconomics scene.
1. SGX +0.020
2. Noble +0.015
3. SIA +0.010
4. GoldenAgri +0.005
The top 5 loser component stocks were :-
1. JSH USD -0.750
2. JMH USD -0.670
3. UOB -0.550
4. OCBC -0.190
5. DBS -0.190
US markets plunged more than 2% yesterday and Asian bourses continued the selling down again with Nikkei -2.98%, SSE -4.21% and HSI -1.53%. STI closed -1.29% in moderate volume and value with only 4 of the 30 index stocks posted gain.
The concern of China growth slow down will impact globally and the uncertain of whether US Fed will hike rate next month triggered sell down in US markets with both DJ and S&P500 wiping out all the gain this year. A China flash PMI for August released this morning continued to show slowing down with reading coming in at 47.1, a 6.5 years low, below forecast of 47.7. That further hurt Asian sentiment as the selling down continue. Further concerns by investors apart from China economy slowing down is the action of US Fed. It is not a matter of rate hike next month but rather a move will strongly indicate the US Fed is again behind the curve in its monetary policy. They could have hike rate some 6 months ago but just drag on and now the persistent of rate hike will do nothing constructive to global economy. Watch out for possible stimulus action being announced over the weekend from China.
STI in line with regional markets fell and at one point fall more than 2% but managed to recover some ground in the afternoon session as short-covering and some bargain hunting took place. From technical point of view, the intra-day pattern indicating a rebound is one the way. How far the rebound will be depend on what's happening over the next few weeks in the macroeconomics scene.
Thursday, August 20, 2015
Market Summary -- 20th Aug 15
FTSE STI closed 3,009.7,8 down 31.47 points or -1.03% with total volume of 1.44b and a total value of S$1.24b. Total number of advance vs decline was 83 vs 418. Of the 30 component index stocks, 6 closed positive, 1 unchanged and 23 closed negative. The top 5 gainer component stocks were :-
1. Genting SP +0.010
2. SGX +0.010
3. SPH +0.010
4. ThaiBev +0.010
5. Wilmar +0.010
The top 5 loser component stocks were :-
1. Jardine C&C -0.280
2. DBS -0.230
3. JMH USD -0.200
4. JSH USD -0.170
5. UOB -0.160
5. OCBC -0.160
5. HongkongLand USD -0.160
US markets fell at least 0.80% yesterday and Asian bourses again in a sea of red with Nikkei -0.94%, SSE -3.39% and HSI -1.77%. STI in line with regional markets fell 1.03% in typical volume and value with only 6 of the 30 index stocks registered gain.
US markets traded lower with fear on China issue, lower oil price and another inconclusive US Fed FOMC minutes. The minutes failed to indicate a possible September rate hike which cause another uncertainty to the already present shaky sentiment. Asian markets continued the sell down led by China markets. Loss of confidence already hitting China market which spread to regional markets.
STI closed at day low around the 3,000 level. The drop in index was weighed down by bank and Jardine group of stocks. Present situation looks like market is foreseeing a technical recession in Singapore by the next quarter. While the sell down might not be finished, a technical rebound should be on the way. A fall to 2,850 to 2,900 level is very much possible if Singapore confirms entering a technical recession.
1. Genting SP +0.010
2. SGX +0.010
3. SPH +0.010
4. ThaiBev +0.010
5. Wilmar +0.010
The top 5 loser component stocks were :-
1. Jardine C&C -0.280
2. DBS -0.230
3. JMH USD -0.200
4. JSH USD -0.170
5. UOB -0.160
5. OCBC -0.160
5. HongkongLand USD -0.160
US markets fell at least 0.80% yesterday and Asian bourses again in a sea of red with Nikkei -0.94%, SSE -3.39% and HSI -1.77%. STI in line with regional markets fell 1.03% in typical volume and value with only 6 of the 30 index stocks registered gain.
US markets traded lower with fear on China issue, lower oil price and another inconclusive US Fed FOMC minutes. The minutes failed to indicate a possible September rate hike which cause another uncertainty to the already present shaky sentiment. Asian markets continued the sell down led by China markets. Loss of confidence already hitting China market which spread to regional markets.
STI closed at day low around the 3,000 level. The drop in index was weighed down by bank and Jardine group of stocks. Present situation looks like market is foreseeing a technical recession in Singapore by the next quarter. While the sell down might not be finished, a technical rebound should be on the way. A fall to 2,850 to 2,900 level is very much possible if Singapore confirms entering a technical recession.
Wednesday, August 19, 2015
Market Summary -- 19th Aug 15
FTSE STI closed 3,041.25, down 8.40 points or -0.28% with a total volume of 1.51b and a total value of S$1.17b. Total number of advance vs decline was 137 vs 325. Of the 30 component index stocks, 8 closed positive, 6 unchanged and 16 in the red. The top 5 gainer component stocks were :-
1. HongkongLand USD +0.080
2. JSH USD +0.080
3. CityDev +0.070
4. Ascendas Reit +0.030
5. SPH +0.020
The top 5 loser component stocks were :-
1. SIA -0.140
2. DBS -0.120
3. ST Engg -0.100
4. UOB -0.090
5. Kep Corp -0.060
US markets closed in the red yesterday and Asian bourses were mostly in the red with Nikkei -1.61%, SSE +1.24% and HSI -1.31%. STI again opened positive but gave up all the gain and closed in the red with a drop of 0.28% in typically volume and value with only 8 of the 30 index stocks posted gain.
Weak corporate earning, China stock market and yuan devaluation fear coupled with tonight US Fed FOMC minutes led US markets into the red. Asian markets faced another bearish sentiment for the day with Japan releasing a slow export data for July (beat expectation but was lowered than June) and another volatile session for China stock market. Though SSE managed to close positive but nose dived more than 5% in earlier trading as fear of Chinese Government support for stock market and the yuan devaluation led to funds outflow.
STI trying to stage a rebound but lacked the strength as investors took any chance of rebound to exit for fear of the worse. Selling was again across the board as bargain hunting remained sideline given the lack of positive catalysts. Though the market is biased to the downside but there could be a technical rebound coming soon and this should not be seen as the worst is over.
1. HongkongLand USD +0.080
2. JSH USD +0.080
3. CityDev +0.070
4. Ascendas Reit +0.030
5. SPH +0.020
The top 5 loser component stocks were :-
1. SIA -0.140
2. DBS -0.120
3. ST Engg -0.100
4. UOB -0.090
5. Kep Corp -0.060
US markets closed in the red yesterday and Asian bourses were mostly in the red with Nikkei -1.61%, SSE +1.24% and HSI -1.31%. STI again opened positive but gave up all the gain and closed in the red with a drop of 0.28% in typically volume and value with only 8 of the 30 index stocks posted gain.
Weak corporate earning, China stock market and yuan devaluation fear coupled with tonight US Fed FOMC minutes led US markets into the red. Asian markets faced another bearish sentiment for the day with Japan releasing a slow export data for July (beat expectation but was lowered than June) and another volatile session for China stock market. Though SSE managed to close positive but nose dived more than 5% in earlier trading as fear of Chinese Government support for stock market and the yuan devaluation led to funds outflow.
STI trying to stage a rebound but lacked the strength as investors took any chance of rebound to exit for fear of the worse. Selling was again across the board as bargain hunting remained sideline given the lack of positive catalysts. Though the market is biased to the downside but there could be a technical rebound coming soon and this should not be seen as the worst is over.
Tuesday, August 18, 2015
Market Summary -- 18th Aug 15
FTSE STI closed 3,049.65, down 17.70 points or -0.58% with a total volume of 1.53b and a total value of S$1.17b. Total number of advance vs decline was 111 vs 354. Of the 30 component index stocks, 9 closed positive, 3 unchanged and 18 in the red. The top 5 gainer component stocks were :-
1. SIA +0.150
2. Jardine C&C +0.080
3. DBS +0.050
4. Olam +0.030
5. UOB +0.030
The top 5 loser component stocks were :-
1. JMH USD -0.600
2. JSH USD -0.220
3. SGX -0.160
4. Kep Corp -0.120
5. OCBC -0.100
US markets rose at least 0.3% yesterday but Asian bourses were in a sea of red with Nikkei -0.32%, SSE -6.12% and HSI -1.43%. STI gave up earlier gain and closed -0.58% in typical volume and value with 9 of the 30 index stocks posted gain.
US markets opened weak but managed to recover and closed positive after positive economic data. For Asian markets, it was a different story, the fear of yuan devaluation returned causing China market to plunge more than 6%. The negative sentiment spread to regional markets. With already weak commodity price and now the yuan devaluation, investors will be looking at US Fed. A rate hike next month which most anticipated could make matter worse.
STI started the day in positive taking lead from US markets overnight but the negative sentiment from regional markets soon caught up with it and the selling just piled up in the afternoon session. Selling was across the board as short-term traders exit while mid and long term investors were just being cautious and waiting at the sideline.
1. SIA +0.150
2. Jardine C&C +0.080
3. DBS +0.050
4. Olam +0.030
5. UOB +0.030
The top 5 loser component stocks were :-
1. JMH USD -0.600
2. JSH USD -0.220
3. SGX -0.160
4. Kep Corp -0.120
5. OCBC -0.100
US markets rose at least 0.3% yesterday but Asian bourses were in a sea of red with Nikkei -0.32%, SSE -6.12% and HSI -1.43%. STI gave up earlier gain and closed -0.58% in typical volume and value with 9 of the 30 index stocks posted gain.
US markets opened weak but managed to recover and closed positive after positive economic data. For Asian markets, it was a different story, the fear of yuan devaluation returned causing China market to plunge more than 6%. The negative sentiment spread to regional markets. With already weak commodity price and now the yuan devaluation, investors will be looking at US Fed. A rate hike next month which most anticipated could make matter worse.
STI started the day in positive taking lead from US markets overnight but the negative sentiment from regional markets soon caught up with it and the selling just piled up in the afternoon session. Selling was across the board as short-term traders exit while mid and long term investors were just being cautious and waiting at the sideline.
Monday, August 17, 2015
Market Summary -- 17th Aug 15
FTSE STI closed 3,067.35, down 46.90 points or -1.51% with a total volume of 1.33b and a total value of S$1.06b. Total number of advance vs decline was 110 vs 346. Of the 30 component index stocks, 4 closed positive, 2 unchanged and 24 in the red. The 4 gainer component stocks were :-
1. SGX +0.050
2. SIA Engg +0.020
3. Genting SP +0.005
4. ThaiBev +0.005
The top 5 loser component stocks were :-
1. UOB -0.700
2. DBS -0.480
3. JMH USD -0.220
4. OCBC -0.160
5. CityDev -0.160
US markets closed at least +0.30% last Friday but Asian bourses were mixed for the day with Nikkei +0.49%, SSE +0.73% and HSI -0.74%. STI fell 1.51% in typical volume and value with only 4 of the 30 index stocks posted gain.
A technical rebound coupled with news that Greece sealed the 3rd bailout deal allowed US markets to close higher last Friday. However, for Asian markets it was a mixed story. Japan released its 2Q GDP figure this morning coming in at -0.4% q-o-q vs expectation of -0.50%. The slight better than expected data enabled Nikkei to close positive for the day. Rest of the regional was mainly focus on the yuan devaluation with the PBOC officially fixed at a value against USD. The stabilization led to China market turning positive in the afternoon but not regional markets.
STI fared the worst among regional markets falling more than 1% giving back all the gain in the past 2 days weighing down by bank stocks. Investors are seeing the yuan devaluation to have negative impact on Singapore economy. In addition the NODX data released this morning falling 0.8% y-o-y in July vs +4.5% in June further add on the bearish sentiment. Given that latest weak set of 2Q data, fear arises that another contraction in q-o-q will lead to a technical recession scenario. Given that current negative sentiment, any bargain hunting will have to narrow down to those fundamental strong companies and able to hold out short-term volatility and possible downside.
1. SGX +0.050
2. SIA Engg +0.020
3. Genting SP +0.005
4. ThaiBev +0.005
The top 5 loser component stocks were :-
1. UOB -0.700
2. DBS -0.480
3. JMH USD -0.220
4. OCBC -0.160
5. CityDev -0.160
US markets closed at least +0.30% last Friday but Asian bourses were mixed for the day with Nikkei +0.49%, SSE +0.73% and HSI -0.74%. STI fell 1.51% in typical volume and value with only 4 of the 30 index stocks posted gain.
A technical rebound coupled with news that Greece sealed the 3rd bailout deal allowed US markets to close higher last Friday. However, for Asian markets it was a mixed story. Japan released its 2Q GDP figure this morning coming in at -0.4% q-o-q vs expectation of -0.50%. The slight better than expected data enabled Nikkei to close positive for the day. Rest of the regional was mainly focus on the yuan devaluation with the PBOC officially fixed at a value against USD. The stabilization led to China market turning positive in the afternoon but not regional markets.
STI fared the worst among regional markets falling more than 1% giving back all the gain in the past 2 days weighing down by bank stocks. Investors are seeing the yuan devaluation to have negative impact on Singapore economy. In addition the NODX data released this morning falling 0.8% y-o-y in July vs +4.5% in June further add on the bearish sentiment. Given that latest weak set of 2Q data, fear arises that another contraction in q-o-q will lead to a technical recession scenario. Given that current negative sentiment, any bargain hunting will have to narrow down to those fundamental strong companies and able to hold out short-term volatility and possible downside.
Friday, August 14, 2015
Market Summary -- 14th Aug 15
FTSE STI closed 3,114.25, up 22.47 points or +0.73% with a total volume of 1.28b and a total value of S$982M. Total number of advance vs decline was 195 vs 241. Of the 30 component index stocks, 18 closed positive, 3 unchanged and 9 in the red. The top 5 gainer component stocks were :-
1. JMH USD +0.330
2. DBS +0.240
3. UOB +0.230
4. ComfortDelGro +0.100
5. Jardine C&C +0.100
The top 5 loser component stocks were :-
1. HongkongLand USD -0.120
2. SIA -0.080
3. Sembcorp -0.070
4. JSH USD -0.060
5. Kep Corp -0.050
US markets closed mixed with mostly in the red yesterday and Asian bourses were also mixed for the day with Nikkei -0.37%, SSE +0.28% and HSI -0.12%. STI rose for the second day with a gain of 0.73% in typical volume and value than yesterday with 18 of the 30 index stocks posted gain.
It was profit taking for US markets after China effort to stabilize the yuan devaluation and a better than expected Retail Sales data. For Asian markets, it was the same story of profit taking for the weekend after yesterday rebound. PBoC continued to soothe yuan fears but investors were taking a cautious stance and chose to take profit over the weekend. There is also a possibility that Chinese Government might release some monetary easing policy over the weekend or in the near term to stall the slowing economy. Nevertheless, investors still choose to maintain cautious and continue to monitor the situation.
STI managed to recover some more from the drop 2 days ago as bargain hunting on the blue chips in particular bank stocks lifted the index. The general sentiment is still slightly biased towards the bearish but most will be watching for stabilization from the market. As most of the corporate earning will end today, macro events will be what dictate the market direction next.
1. JMH USD +0.330
2. DBS +0.240
3. UOB +0.230
4. ComfortDelGro +0.100
5. Jardine C&C +0.100
The top 5 loser component stocks were :-
1. HongkongLand USD -0.120
2. SIA -0.080
3. Sembcorp -0.070
4. JSH USD -0.060
5. Kep Corp -0.050
US markets closed mixed with mostly in the red yesterday and Asian bourses were also mixed for the day with Nikkei -0.37%, SSE +0.28% and HSI -0.12%. STI rose for the second day with a gain of 0.73% in typical volume and value than yesterday with 18 of the 30 index stocks posted gain.
It was profit taking for US markets after China effort to stabilize the yuan devaluation and a better than expected Retail Sales data. For Asian markets, it was the same story of profit taking for the weekend after yesterday rebound. PBoC continued to soothe yuan fears but investors were taking a cautious stance and chose to take profit over the weekend. There is also a possibility that Chinese Government might release some monetary easing policy over the weekend or in the near term to stall the slowing economy. Nevertheless, investors still choose to maintain cautious and continue to monitor the situation.
STI managed to recover some more from the drop 2 days ago as bargain hunting on the blue chips in particular bank stocks lifted the index. The general sentiment is still slightly biased towards the bearish but most will be watching for stabilization from the market. As most of the corporate earning will end today, macro events will be what dictate the market direction next.
Thursday, August 13, 2015
Market Summary -- 13th Aug 15
FTSE STI closed 3,091.78, up 30.29 points or +0.99% with a total volume of 1.44b and a total value of S$1.39b. Total number of advance vs decline was 256 vs 190. Of the 30 component index stocks, 17 closed positive, 1 unchanged and 12 in the red. The top 5 gainer component stocks were :-
1. DBS +0.380
2. UOB +0.370
3. CityDev +0.280
4. OCBC +0.180
5. SGX +0.140
The top 5 loser component stocks were :-
1. JMH USD -0.100
2. SIA -0.020
3. Jardine C&C -0.020
4. Genting SP -0.020
5. ThaiBev -0.010
5. SIA Engg -0.010
5. SembMar -0.010
5. GLP -0.010
5. CapitaMall -0.010
5. Ascendas Reit -0.010
US markets closed mostly positive yesterday and Asian bourses rebounded for the day with Nikkei +0.99%, SSE +1.76% and HSI +0.43%. STI up 0.99% in moderate volume and value with 17 of the 30 index stocks posted gain.
US markets started the day in the red falling at one point more than 1% before an intra-day reversal to close mostly positive. Asian markets rebounded after past 2 days of selling down after the PBoC assured the markets of not further devaluation of yuan. That should calm and stabilize the markets while investors accessing the damage done with the latest devaluation of the yuan. There are 2 side of views regarding the yuan devaluation. One of the view was the yuan devaluation will affect the economy of rest of the world in particular those export-orientated nations. The other view was that with the yuan devaluation, China export should recover and the picking up of China economy will have a domino effect to the rest of the world. It is still too early to decide which view is correct so just have to keep monitoring along the way.
STI after the biggest one-day drop yesterday managed to recover some ground as the rebound of the banking stocks coupling with SingTel after a firm earning this morning was enough to send STI up almost 1%. The worst might be over but still too early to turn to bullish sentiment given the various uncertainties still persist. Cautious approach biased towards positive should be a better choice.
1. DBS +0.380
2. UOB +0.370
3. CityDev +0.280
4. OCBC +0.180
5. SGX +0.140
The top 5 loser component stocks were :-
1. JMH USD -0.100
2. SIA -0.020
3. Jardine C&C -0.020
4. Genting SP -0.020
5. ThaiBev -0.010
5. SIA Engg -0.010
5. SembMar -0.010
5. GLP -0.010
5. CapitaMall -0.010
5. Ascendas Reit -0.010
US markets closed mostly positive yesterday and Asian bourses rebounded for the day with Nikkei +0.99%, SSE +1.76% and HSI +0.43%. STI up 0.99% in moderate volume and value with 17 of the 30 index stocks posted gain.
US markets started the day in the red falling at one point more than 1% before an intra-day reversal to close mostly positive. Asian markets rebounded after past 2 days of selling down after the PBoC assured the markets of not further devaluation of yuan. That should calm and stabilize the markets while investors accessing the damage done with the latest devaluation of the yuan. There are 2 side of views regarding the yuan devaluation. One of the view was the yuan devaluation will affect the economy of rest of the world in particular those export-orientated nations. The other view was that with the yuan devaluation, China export should recover and the picking up of China economy will have a domino effect to the rest of the world. It is still too early to decide which view is correct so just have to keep monitoring along the way.
STI after the biggest one-day drop yesterday managed to recover some ground as the rebound of the banking stocks coupling with SingTel after a firm earning this morning was enough to send STI up almost 1%. The worst might be over but still too early to turn to bullish sentiment given the various uncertainties still persist. Cautious approach biased towards positive should be a better choice.
Wednesday, August 12, 2015
Market Summary -- 12th Aug 15
FTSE STI closed 3,061.49, down 91.57 points or -2.90% with a total volume of 1.76b and a total value of S$2.15b. Total number of advance vs decline was 96 vs 432. Of the 30 component index stocks, 1 closed positive and 29 in the red. The only gainer component stock was :-
1. HPH Trust USD +0.005
The top 5 loser component stocks were :-
1. DBS -1.090
2 JMH USD -0.920
3. UOB -0.880
4. Jardine C&C -0.590
5. OCBC -0.580
US markets fell average at least 1% yesterday and Asian bourses continued the sell off from yesterday with Nikkei -1.58%, SSE -1.03% and HSI -2.38%. STI fell 2.90%, the biggest one day drop for the year in moderate volume and value with only 1 of the 30 index stocks posted gain.
The reaction to China surprise yuan devaluation was none other than market sell off for US stocks. The global sell off continued for Asian markets for the day. Investors feared on start of currency war with China latest move. The yuan devaluation would have helped China export which has been declining for past months but served as disadvantages to rest of the world making it more expensive to export to China. The latest move could eventually force US Fed to rethink about its tightening policy in which most expecting a rate hike next month. USD strengthen in reaction to yuan devaluation and should US Fed decides to hike rate next month, that would further strengthen the USD which already hitting US tech companies revenue even more. US labor market might be recovering based on the recent data but the overall economy showed otherwise. US Fed has to think carefully now !
STI suffered the biggest one day drop for the year. With yesterday weak set of 2Q GDP and the surprise yuan devaluation which will be hurting Singapore export activities further it will come at no surprise Singapore GDP will suffer another contraction in Q3 thereby entering a technical recession. That worries caused another selling across the board in STI. The 3 banking stocks all down by at least 4% suffered the most and weighing down the index. Short-term sentiment might be very bearish but the selling down has created nothing but cheap valuation for bargain hunting.
1. HPH Trust USD +0.005
The top 5 loser component stocks were :-
1. DBS -1.090
2 JMH USD -0.920
3. UOB -0.880
4. Jardine C&C -0.590
5. OCBC -0.580
US markets fell average at least 1% yesterday and Asian bourses continued the sell off from yesterday with Nikkei -1.58%, SSE -1.03% and HSI -2.38%. STI fell 2.90%, the biggest one day drop for the year in moderate volume and value with only 1 of the 30 index stocks posted gain.
The reaction to China surprise yuan devaluation was none other than market sell off for US stocks. The global sell off continued for Asian markets for the day. Investors feared on start of currency war with China latest move. The yuan devaluation would have helped China export which has been declining for past months but served as disadvantages to rest of the world making it more expensive to export to China. The latest move could eventually force US Fed to rethink about its tightening policy in which most expecting a rate hike next month. USD strengthen in reaction to yuan devaluation and should US Fed decides to hike rate next month, that would further strengthen the USD which already hitting US tech companies revenue even more. US labor market might be recovering based on the recent data but the overall economy showed otherwise. US Fed has to think carefully now !
STI suffered the biggest one day drop for the year. With yesterday weak set of 2Q GDP and the surprise yuan devaluation which will be hurting Singapore export activities further it will come at no surprise Singapore GDP will suffer another contraction in Q3 thereby entering a technical recession. That worries caused another selling across the board in STI. The 3 banking stocks all down by at least 4% suffered the most and weighing down the index. Short-term sentiment might be very bearish but the selling down has created nothing but cheap valuation for bargain hunting.
Tuesday, August 11, 2015
Market Summary -- 11th Aug 15
FTSE STI closed 3,153.06, down 43.60 points or -1.36% with a total volume of 1.98b and a total value of S$1.89b. Total number of advance vs decline was 161 vs 296. Of the 30 component index stocks, 5 closed positive, 2 unchanged and 23 in the red. The 5 gainer component stocks were :-
1. JMH USD +0.730
2. Jardine C&C +0.060
3. Sembcorp +0.030
4. SIA Engg +0.020
5. ThaiBev +0.005
The top 5 loser component stocks were :-
1. UOB -0.690
2. DBS -0.590
3. SGX -0.160
4. CityDev -0.150
5. OCBC -0.120
US markets rose at least 1% yesterday but Asian bourses were mostly lower for the day with Nikkei -0.42%, SSE +0.00% and HSI -0.09%. STI reopened after the long weekend fell 1.36% in moderate volume and value with only 5 of the 30 index stocks managed to close positive.
US markets finally managed to turn positive after past few days in the red with the help of rebound in crude oil price. However, Asian markets failed to take the lead mostly turning into red giving up earlier gain. Couple of events happened during the day with Greece officially clinches the 3rd bailout deal and China Central Bank in a surprise move de-valuated the yuan. With corporate earning probably coming to an end, investors will be looking at macro events in particular what Central Bankers will do to curb the recent weakness in global economy. Meanwhile, the talk of US Fed hike rate next month continued to pile up. Question will be in the mind that is the status of US economy at the moment really warrant a rate hike ?
Singapore fared worse than regional markets as selling across the board in particular the bank stocks weighed down the index. This was due to the weak set of 2Q GDP data being released this morning. 2Q GDP fell 4% but slightly better than the expectation of -4.6%. With that figure, the official forecast GDP for 2015 was revised down to between 2% and 2.5% from between 2% to 4%. Export growth for 2Q also slowed to 2.1% as compared to 4.8% in 1Q. Question will be what's next from Government to help to rebound the economy instead of just pushing the blame to all the weak external factors as so far all those measures have proved nothing are working. The selling down for the day is a knee-jerk reaction to the weak set of data.
1. JMH USD +0.730
2. Jardine C&C +0.060
3. Sembcorp +0.030
4. SIA Engg +0.020
5. ThaiBev +0.005
The top 5 loser component stocks were :-
1. UOB -0.690
2. DBS -0.590
3. SGX -0.160
4. CityDev -0.150
5. OCBC -0.120
US markets rose at least 1% yesterday but Asian bourses were mostly lower for the day with Nikkei -0.42%, SSE +0.00% and HSI -0.09%. STI reopened after the long weekend fell 1.36% in moderate volume and value with only 5 of the 30 index stocks managed to close positive.
US markets finally managed to turn positive after past few days in the red with the help of rebound in crude oil price. However, Asian markets failed to take the lead mostly turning into red giving up earlier gain. Couple of events happened during the day with Greece officially clinches the 3rd bailout deal and China Central Bank in a surprise move de-valuated the yuan. With corporate earning probably coming to an end, investors will be looking at macro events in particular what Central Bankers will do to curb the recent weakness in global economy. Meanwhile, the talk of US Fed hike rate next month continued to pile up. Question will be in the mind that is the status of US economy at the moment really warrant a rate hike ?
Singapore fared worse than regional markets as selling across the board in particular the bank stocks weighed down the index. This was due to the weak set of 2Q GDP data being released this morning. 2Q GDP fell 4% but slightly better than the expectation of -4.6%. With that figure, the official forecast GDP for 2015 was revised down to between 2% and 2.5% from between 2% to 4%. Export growth for 2Q also slowed to 2.1% as compared to 4.8% in 1Q. Question will be what's next from Government to help to rebound the economy instead of just pushing the blame to all the weak external factors as so far all those measures have proved nothing are working. The selling down for the day is a knee-jerk reaction to the weak set of data.
Thursday, August 6, 2015
Market Summary -- 6th Aug 15
FTSE STI closed 3,196.66, up 5.27 points or +0.17% with a total volume of 1.47b and a total value of S$1.00b. Total number of advance vs decline was 193 vs 261. Of the 30 component index stocks, 13 closed positive, 4 unchanged and 13 in the red. The top 5 gainer component stocks were :-
1. JMH USD +0.780
2. SIA +0.210
3. DBS +0.090
4. StarHub +0.080
5. Capitaland +0.050
The top 5 loser component stocks were :-
1. Jardine C&C -0.150
2. HongkongLand USD -0.110
3. KepCorp -0.100
4. CityDev -0.090
5. JSH USD -0.080
US markets mostly close positive yesterday and Asian bourses were mixed for the day with Nikkei +0.24%, SSE -0.88% and HSI -0.57%. STI swinging between gain and loss again closed slightly higher in typical volume and value with 13 of the 30 index stocks posted gain.
Mixed set of economic data in from a positive service ISM data to a lower than expected ADP job data sent US markets to close mostly higher. Asian markets were also divided as lower oil price and rate hike speculation weighed in on some regional markets. Tomorrow US non-farm payroll data will again causing some confusion to investors regarding rate hike. Though most expecting a US rate hike next month but the recent global economy slow down should not be something to ignore as it will have impact on US economy as a whole. US Fed again being caught in a catch-22 situation. They should have started the rate hike some 6 months ago instead of delaying and kicking the can down the road.
STI closed with a slight gain in a relatively muted session as neither short, mid and long-term investors were willing to take up any position over the long weekend especially when US job data is due to release tomorrow. What Singapore needs is to have some stabilization from next week onward regardless of the outcome of tomorrow job data. That will prevent limited downside and consolidate to move up higher next.
1. JMH USD +0.780
2. SIA +0.210
3. DBS +0.090
4. StarHub +0.080
5. Capitaland +0.050
The top 5 loser component stocks were :-
1. Jardine C&C -0.150
2. HongkongLand USD -0.110
3. KepCorp -0.100
4. CityDev -0.090
5. JSH USD -0.080
US markets mostly close positive yesterday and Asian bourses were mixed for the day with Nikkei +0.24%, SSE -0.88% and HSI -0.57%. STI swinging between gain and loss again closed slightly higher in typical volume and value with 13 of the 30 index stocks posted gain.
Mixed set of economic data in from a positive service ISM data to a lower than expected ADP job data sent US markets to close mostly higher. Asian markets were also divided as lower oil price and rate hike speculation weighed in on some regional markets. Tomorrow US non-farm payroll data will again causing some confusion to investors regarding rate hike. Though most expecting a US rate hike next month but the recent global economy slow down should not be something to ignore as it will have impact on US economy as a whole. US Fed again being caught in a catch-22 situation. They should have started the rate hike some 6 months ago instead of delaying and kicking the can down the road.
STI closed with a slight gain in a relatively muted session as neither short, mid and long-term investors were willing to take up any position over the long weekend especially when US job data is due to release tomorrow. What Singapore needs is to have some stabilization from next week onward regardless of the outcome of tomorrow job data. That will prevent limited downside and consolidate to move up higher next.
Wednesday, August 5, 2015
Market Summary -- 5th Aug 15
FTSE STI closed 3,191.39, up 0.35 points or +0.01% with a total volume of 1.72b and a total value of S$1.28b. Total number of advance vs decline was 188 vs 243. Of the 30 component index stocks, 14 closed positive, 1 unchanged and 15 in the red. The top 5 gainer component stocks were :-
1. JSH USD +0.500
2. JMH USD +0.410
3. Sembcorp +0.300
4. Kep Corp +0.240
5. HongkongLand USD +0.220
The top 5 loser component stocks were :-
1. Jardine C&C -0.770
2. DBS -0.120
3. SIA -0.110
4. UOB -0.080
5. SGX -0.080
US markets closed down again falling average 0.2% yesterday. Asian bourses however were mostly positive for the day with Nikkei +0.46%, SSE -1.62% and HSI +0.44%. STI swinging between gain and loss closed flat in moderate volume and value with 14 of the 30 index stocks posted gain.
Selling from tech stocks pushed US markets lower as investors awaiting for tonight ADP job data and Friday non-farm payroll data. Asian markets mostly managed to rebound from past days sell down. China market again in volatile session despite the flash service PMI data for July came in at 53.8, rises to 11-month high. Globally, investors look coming to consensus that US Fed will start to rate hike in September and hence positioning their portfolio for it.
The heavy selling for STI has eased as the index managed to edge out a tiny gain led by O&G stocks as crude oil price rebounded. Banking stocks which weighed down STI still weak as concern of China slowing down put some pressure on them offset the potential of US Fed hike rate next month. Broader market was mixed and should be entering consolidation phase in the next few weeks. The possible prolong period of consolidation should present mid and long term investors with plenty of accumulation on weakness opportunities in particular the S-Reits in which the dividend yield is getting more and more attractive and potentially might have one more down leg before everything bottom out.
1. JSH USD +0.500
2. JMH USD +0.410
3. Sembcorp +0.300
4. Kep Corp +0.240
5. HongkongLand USD +0.220
The top 5 loser component stocks were :-
1. Jardine C&C -0.770
2. DBS -0.120
3. SIA -0.110
4. UOB -0.080
5. SGX -0.080
US markets closed down again falling average 0.2% yesterday. Asian bourses however were mostly positive for the day with Nikkei +0.46%, SSE -1.62% and HSI +0.44%. STI swinging between gain and loss closed flat in moderate volume and value with 14 of the 30 index stocks posted gain.
Selling from tech stocks pushed US markets lower as investors awaiting for tonight ADP job data and Friday non-farm payroll data. Asian markets mostly managed to rebound from past days sell down. China market again in volatile session despite the flash service PMI data for July came in at 53.8, rises to 11-month high. Globally, investors look coming to consensus that US Fed will start to rate hike in September and hence positioning their portfolio for it.
The heavy selling for STI has eased as the index managed to edge out a tiny gain led by O&G stocks as crude oil price rebounded. Banking stocks which weighed down STI still weak as concern of China slowing down put some pressure on them offset the potential of US Fed hike rate next month. Broader market was mixed and should be entering consolidation phase in the next few weeks. The possible prolong period of consolidation should present mid and long term investors with plenty of accumulation on weakness opportunities in particular the S-Reits in which the dividend yield is getting more and more attractive and potentially might have one more down leg before everything bottom out.
Tuesday, August 4, 2015
Market Summary -- 4th Aug 15
FTSE STI closed 3,191.04, down 1.75 points or -0.05% with a total volume of 1.96b and a total value of S$1.37b. Total number of advance vs decline was 232 vs 206. Of the 30 component index stocks, 14 closed positive, 3 unchanged and 13 in the red. The top 5 gainer component stocks were :-
1. Jardine C&C +0.750
2. GLP +0.150
3. DBS +0.130
4. Noble +0.130
5. Sembcorp +0.100
The top 5 loser component stocks were :-
1. JMH USD -2.460
2. JSH USD -0.690
3. UOB -0.310
4. CityDev -0.150
5. SIA -0.140
US markets again closed a drop of at least 0.2% yesterday and Asian bourses were mostly in the red with Nikkei -0.14%, SSE +3.69% and HSI -0.02%. STI also fell but managed to parse loss and closed flat in moderate volume and value with 14 of the 30 index stocks posted gain.
The same old story of concern of weak global economy, drop in commodity prices ended US markets another day in the red. Asian markets were also mostly in the red but the rate of decline has slowed. China was exceptional with a gain of more than 3% after Chinese regulator announced new rule of short-selling to prevent volatile market. After series of weak global PMI (or ISM for US) data, focus now will be shifting towards this Friday US non-farm payroll. That data could potentially confuse investors again as the recent weakness in US and global economy definitely was no inflavor of US Fed to hike rate next month but if another strong set of job data announce then US Fed will be very much divided again.
STI ended anther day in the red but the pace of decline has slowed. A sharp rebound should be on the way with bargain hunting and short-covering all piling in before Singapore closes for public holiday this Friday. In general, STI should be starting bottoming process now.
1. Jardine C&C +0.750
2. GLP +0.150
3. DBS +0.130
4. Noble +0.130
5. Sembcorp +0.100
The top 5 loser component stocks were :-
1. JMH USD -2.460
2. JSH USD -0.690
3. UOB -0.310
4. CityDev -0.150
5. SIA -0.140
US markets again closed a drop of at least 0.2% yesterday and Asian bourses were mostly in the red with Nikkei -0.14%, SSE +3.69% and HSI -0.02%. STI also fell but managed to parse loss and closed flat in moderate volume and value with 14 of the 30 index stocks posted gain.
The same old story of concern of weak global economy, drop in commodity prices ended US markets another day in the red. Asian markets were also mostly in the red but the rate of decline has slowed. China was exceptional with a gain of more than 3% after Chinese regulator announced new rule of short-selling to prevent volatile market. After series of weak global PMI (or ISM for US) data, focus now will be shifting towards this Friday US non-farm payroll. That data could potentially confuse investors again as the recent weakness in US and global economy definitely was no inflavor of US Fed to hike rate next month but if another strong set of job data announce then US Fed will be very much divided again.
STI ended anther day in the red but the pace of decline has slowed. A sharp rebound should be on the way with bargain hunting and short-covering all piling in before Singapore closes for public holiday this Friday. In general, STI should be starting bottoming process now.
Monday, August 3, 2015
Market Summary -- 3rd Aug 15
FTSE STI closed 3,192.79, down 9.71 points or -0.30% with a total volume of 1.48b and a total value of S$1.14b. Total number of advance vs decline was 138 vs 350. Of the 30 component index stocks, 9 closed positive, 5 unchanged and 16 in the red. The top 5 gainer component stocks were :-
1. Jardine C&C +0.470
2. JSH USD +0.220
3. CityDev +0.100
4. HongkongLand USD +0.100
5. CapitaMall +0.060
The top 5 loser component stocks were :-
1. SIA -0.290
2. UOB -0.240
3. Sembcorp -0.210
4. SIA Engg -0.150
5. GLP -0.100
US markets fell at least 0.2% last Friday and Asian bourses were in a sea of red with Nikkei -0.18%, SSE -1.11% and HSI -0.91%. STI in line with regional bourses fell 0.30% in thinner volume and value than past days with only 9 of the 30 index stocks registered gain.
The worries on China slow down, fall in commodity price and not much impressive corporate earning led US markets to close lower last Friday. China released its official PMI data for July over the weekend coming in at 50.0 and this morning the final flash PMI surprisingly dropped to 2-years low at 47.8 even below the preliminary reading of 48.2. Those bearish data and sentiment caused further selling down in Asian markets. With the probability of US Fed hiking interest rate next month, there was a sense of funds withdrawing across Asian markets. More economic data like US non-farm payroll for July which will be releasing end of this week will again in spotlight as this could be the last deciding data for US Fed to hike rate next month.
STI continued the drop closing below 3,200 level, going to retest the 3,150 support level. The drop should not be surprising given that foreign funds outflow while retail investors staying sideline or waiting at lower price level for bargain hunting. With Singapore going for a long holiday period starting this Friday till next Monday and corporate earning mostly coming to an end in the next 1 to 2 weeks, the pressure will be mostly on the sell side with the buying very happily to wait for lower price level. Technically speaking Singapore market as compared to regional markets is not expensive and overvalued, the selling only providing bargain hunting opportunity. There is no rush to immediately go in to snap up all those beaten stocks, time will be on buyers side to slowly accumulate on weakness.
1. Jardine C&C +0.470
2. JSH USD +0.220
3. CityDev +0.100
4. HongkongLand USD +0.100
5. CapitaMall +0.060
The top 5 loser component stocks were :-
1. SIA -0.290
2. UOB -0.240
3. Sembcorp -0.210
4. SIA Engg -0.150
5. GLP -0.100
US markets fell at least 0.2% last Friday and Asian bourses were in a sea of red with Nikkei -0.18%, SSE -1.11% and HSI -0.91%. STI in line with regional bourses fell 0.30% in thinner volume and value than past days with only 9 of the 30 index stocks registered gain.
The worries on China slow down, fall in commodity price and not much impressive corporate earning led US markets to close lower last Friday. China released its official PMI data for July over the weekend coming in at 50.0 and this morning the final flash PMI surprisingly dropped to 2-years low at 47.8 even below the preliminary reading of 48.2. Those bearish data and sentiment caused further selling down in Asian markets. With the probability of US Fed hiking interest rate next month, there was a sense of funds withdrawing across Asian markets. More economic data like US non-farm payroll for July which will be releasing end of this week will again in spotlight as this could be the last deciding data for US Fed to hike rate next month.
STI continued the drop closing below 3,200 level, going to retest the 3,150 support level. The drop should not be surprising given that foreign funds outflow while retail investors staying sideline or waiting at lower price level for bargain hunting. With Singapore going for a long holiday period starting this Friday till next Monday and corporate earning mostly coming to an end in the next 1 to 2 weeks, the pressure will be mostly on the sell side with the buying very happily to wait for lower price level. Technically speaking Singapore market as compared to regional markets is not expensive and overvalued, the selling only providing bargain hunting opportunity. There is no rush to immediately go in to snap up all those beaten stocks, time will be on buyers side to slowly accumulate on weakness.
Friday, July 31, 2015
Market Summary -- 31st Jul 15
FTSE STI closed 3,202.50, down 47.02 points or -1.45% with a total volume of 1.87b and a total value of S$2.17b. Total number of advance vs decline was 135 vs 323. Of the 30 component index stocks, 6 closed positive, 2 unchanged and 22 in the red. The top 5 gainer component stocks were :-
1. HongkongLand USD +0.060
2. Olam +0.025
3. OCBC +0.020
4. ThaiBev +0.020
5. ComfortDelGro +0.010
The top 5 loser component stocks were :-
1. UOB -0.730
2. JMH USD -0.720
3. Jardine C&C -0.600
4. DBS -0.530
5. Kep Corp -0.300
US markets closed flat yesterday and Asian bourses were mixed but mostly higher for the day with Nikkei +0.30%, SSE -1.13% and HSI +0.56%. STI unfortunately fell 1.45% in moderate volume but higher value with only 6 of the 30 index stocks posted gain.
US 2Q GDP firmed up giving further indication that US Fed could rate hike in September. Asian bourses ended the month mostly higher except for China which still showing volatile. The only data for the day was Japan CPI which edged up slightly. Beware what going up next in the stock market is bubble but what dropping down next could be gem in the future !
STI ended the day with a drop of 1.45% with selling off of blue chips due to fund managers doing month end window dressing. The selling down should not be surprised as foreign funds withdrawing probably flowing back to US in anticipation of interest rate hike in September and also North Asia which having a more attractive valuation given the recent sell down. The selling down by funds is a good sign as this will eventually lead to a bottom in the stock market for retail investors to bargain hunt. As usual without any surprise, the funds will always be wrong on the selling !
1. HongkongLand USD +0.060
2. Olam +0.025
3. OCBC +0.020
4. ThaiBev +0.020
5. ComfortDelGro +0.010
The top 5 loser component stocks were :-
1. UOB -0.730
2. JMH USD -0.720
3. Jardine C&C -0.600
4. DBS -0.530
5. Kep Corp -0.300
US markets closed flat yesterday and Asian bourses were mixed but mostly higher for the day with Nikkei +0.30%, SSE -1.13% and HSI +0.56%. STI unfortunately fell 1.45% in moderate volume but higher value with only 6 of the 30 index stocks posted gain.
US 2Q GDP firmed up giving further indication that US Fed could rate hike in September. Asian bourses ended the month mostly higher except for China which still showing volatile. The only data for the day was Japan CPI which edged up slightly. Beware what going up next in the stock market is bubble but what dropping down next could be gem in the future !
STI ended the day with a drop of 1.45% with selling off of blue chips due to fund managers doing month end window dressing. The selling down should not be surprised as foreign funds withdrawing probably flowing back to US in anticipation of interest rate hike in September and also North Asia which having a more attractive valuation given the recent sell down. The selling down by funds is a good sign as this will eventually lead to a bottom in the stock market for retail investors to bargain hunt. As usual without any surprise, the funds will always be wrong on the selling !
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