STOCKS

Banks continue to lead STI gains

AT the risk of sounding like a broken record, this week's main play as far as blue chips were concerned was the banks, their prices driven by the logic that higher interest rates mean wider net interest margins and therefore earnings...
STOCKS

Banks drive ST Index's 22.8-point advance

THE three banks were once again the beneficiaries of expectations that US interest rates will be raised in December, all three ending stronger on Thursday after the overnight release of the minutes of the September US Federal Open Markets Committee meeting which showed that Fed officials believe...
STOCKS

STI ends lower in another muted session

WIKIPEDIA defines Chinese water torture as "a process in which water is slowly dripped onto a person's forehead, allegedly making the restrained victim insane''. ...
HOCK LOCK SIEW

What more can be done to take the market forward?

THE changes proposed by the Singapore Exchange (SGX) earlier this week to give greater flexibility to trading representatives (TRs) and broking firms in running their businesses are welcome and should go some way in addressing criticism that the market here is over-regulated with too many stifling...
HOCK LOCK SIEW

Complacency throws markets off course

STUDENTS of statistics and other social sciences would be familiar with the phrase "regression to the mean" that broadly means there is a long-term equilibrium towards which phenomena will tend towards...
STOCKS

Stocks end mixed in low-volume session

A LARGELY nondescript Tuesday ended with stocks mixed. An early bout of selling of the banks brought on by an overnight dip on Wall Street depressed the Straits Times Index to an intraday low of 3,278, though a positive session for the Dow futures was possibly the motivation for afternoon short-...
STOCKS

S'pore market needs catalyst for a lasting re-rating

FOR much of this year, the Straits Times Index moved in tandem with the Dow futures, thus functioning as a sort of advance barometer for Wall Street in the session ahead. So if the Dow futures rose and the STI followed suit, it was a safe bet that the US market would be firm a few hours later.
WARRANTS A LOOK

Soilbuild warrants - leveraged play on construction sector

THE property market looks like it's picking up steam with the number of en bloc deals that are being struck. On Thursday for example came news that Amber Park has been sold en bloc and on Friday, it was Normanton Park. This then begs the interesting issue of whether the flow-through will...
STOCKS

Banks, Jardine help drive STI up 2.2% for the week

THE banking sector was once again the focal point of the trading week, rising initially because of expectations of a December US rate hike, then falling sharply on Tuesday and Wednesday when traders switched to China bank trading in Hong Kong following a reserve requirement rate (RRR) cut by China...
MUSIC TO MY EARS

Sonic powerhouses

British firm Harbeth was founded in 1977 by ex-BBC engineer Dudley Harwood to commercialise the BBC's loudspeaker R&D. The company was then sold to current owner Alan Shaw in 1986 after Mr Harwood retired and today continues to manufacture classic BBC-inspired designs of which one of the...
STOCKS

Rebounding banks help push STI up

AFTER a two-day correction (or bout of short-selling), a rebound (or short-covering) in the three banks on Thursday helped elevate the Straits Times Index by 25.19 points to 3,261.84.

Singapore shares close higher as banks push STI up 25 points

AFTER a two-day correction (or a bout of short-selling), a rebound (or short-covering) in the three banks on Thursday helped elevate the Straits Times Index (STI) by 25.19 points to 3,261.84.
STOCKS

Jardine group, banks drag STI lower

THE Straits Times Index (STI) on Wednesday fell 9.43 points to 3,236.65, dragged lower by weakness in the Jardine group and the three banks.

Singapore shares close mixed; STI dragged lower by Jardine, banks

THE Straits Times Index on Wednesday fell 9.43 points to 3,236.65, dragged lower by weakness in the Jardine group and the three banks.
STOCKS

STI dips as traders turn to China banks

DESPITE a jump in the Dow futures, the Straits Times Index (STI) was weak throughout Tuesday's session, most likely due to traders switching out of Singapore banks and into China bank shares trading in Hong Kong, or H-shares as they are known, following news over the weekend that the People...

Singapore stocks finish lower; traders switch out of local banks into China banks in HK

DESPITE a jump in the Dow futures, the Straits Times Index (STI) was weak throughout Tuesday's session, most likely due to traders switching out of Singapore banks and into China banks trading in Hong Kong (or H-shares as they are known), following news over the weekend that the People's...
STOCKS

Hopes for firm Wall St help STI gain 1.3%

A 30-point rise in the Dow futures helped the Straits Times Index kick off the week and final quarter with a 42.19 point or 1.3 per cent gain to 3,262.1 on Monday. Rises in the three banks, Singtel and Jardine stocks were the largest contributors, though volume at 1.3 billion units worth S$906...
HOCK LOCK SIEW

An ETF for Catalist could be in the money

A GLANCE at the two accompanying charts should demonstrate the divergence between second liners and blue chips this year - the former, as represented by the FTSE ST Catalist Index, have risen just 3.4 per cent compared to the Straits Times Index's 13.2 per cent. ...
WARRANTS A LOOK

Viking warrants deserve a new review

WE featured the warrants issued by Viking Offshore and Marine in this column on July 10 when they had just been listed.
STOCKS

A look at valuations and reasons to buy - or sell

USUALLY at any given point in time, it is possible to find compelling reasons to either buy or sell. After all, that is how markets work - investors with opposing views jostle for the best prices and as long as the playing field is level and all investors have equal access to the same information,...
STOCKS

STI 7.23 points weaker on Friday; down one point for the week

THREE forces acted upon the local stock market this week, none of which involved North Korea. In chronological order they were the news that August's industrial production jumped 19 per cent year-on-year; US Federal Reserve chair Janet Yellen's speech in Cleveland, which the market took...
STOCKS

Early momentum fades, STI ends lower

SLIGHT follow-through buying of the banks on Thursday first helped the Straits Times Index record a 14-point rise to an intraday high of 3,250 but the momentum was lost once the Dow futures dipped into the red and the index finished the day a net 9.01 points weaker at 3,227.14.

Singapore stocks finish weaker as push on banks fizzles out

SLIGHT follow-through buying of the banks on Thursday first helped the Straits Times Index record a 14-point rise to an intraday high of 3,250 but the momentum was lost once the Dow futures dipped into the red and the index finished the day a net 9.01 points weaker at 3,227.14.
STOCKS

Yellen's hawkish speech gives banks a lift

MONDAY'S column highlighted the fact that the Straits Times Index's fortunes depend heavily on the banks and that movement in bank shares were in turn driven by interest rate expectations. ...

Singapore stocks finish higher after Yellen's hawkish speech boosts banks

MONDAY's column highlighted the fact that the Straits Times Index's fortunes depend heavily on the banks and that movement in bank shares were in turn driven by interest rate expectations...