Tuesday, Febuary 4, 2020

STI gap up and fill its immediate gap above as it moved higher. It sought to rebound back 50 points in 1 day but minor profit-taking started in the last hours. Nevertheless, STI still gained 40.26 points to close at 3156.57. Suddenly, the market turned bullish at close at 3 day high.

STRAITS TIMES   3,156.570 +40.26 (1.29%)
Prev : 3,116.310	High : 3,166.710	Low 3,132.510	Open 3,135.500

Singapore shares gain 1.3% as relief rally supports markets
04 Feb 2020 18:25
By Navin Sregantan

THE lights were flashing green as Asian equity markets had a relief rally following broad sell-offs on Monday when mainland Chinese markets returned from an extended Lunar New Year break.

While the spread of the novel coronavirus remains the key concern in the near term, on Tuesday at least, investors appeared encouraged by the recent slower rate of increases in new cases. Sentiment was also lifted by China's central bank injecting more than US$230 billion into its financial markets from Monday, as well as strong January manufacturing data from the US.

In Singapore, the Straits Times Index ended Tuesday's session at 3,156.57, an advance of 40.26 points or 1.3 per cent.

Elsewhere, Australia, China, Japan, Hong Kong, Malaysia, South Korea and Taiwan posted gains. Of the lot, China's Shanghai Composite Index, which returned from more than a week off on Monday by skidding more than 7 per cent, rose 36.68 points or 1.3 per cent to 2,783.29.

Trading volume in Singapore totalled 1.77 billion securities, 50 per cent over the 2019 daily average. Total turnover was S$1.34 billion, 26 per cent more than last year's intraday mean.

Advancers trumped decliners 296 to 144, with just two of the benchmark's 30 counters ending in the red.

Much like in the past fortnight, shares in Medtecs International continued to be among the Singapore bourse's most active counters.

The medical consumables manufacturer fell 0.6 Singapore cent or 4.8 per cent to S$0.12 with 105.1 million shares traded. Medtecs' shares, which closed out 2019 at 3.9 cents, have finished as high as 19.6 cents in the past week.

With virus worries still at the top of the agenda for investors and traders alike, listings in tourism- and travel-related industries continue to take a hit.

On Tuesday, UOB Kay Hian analyst K Ajith lowered his call on the Singapore aviation sector to "underweight" as contagion fears have led to numerous flight cancellations and capacity cuts.

SATS, which receives about 86 per cent of its revenue from aviation, fell S$0.04 or 0.9 per cent to S$4.45. The ground handler was downgraded to "hold" due to near-term earnings risks with its exposure to the travel sector.

Mr Ajith expects SATS shares to head towards their "five-year mean price-to-earnings of 20.6 times or about S$4.40 before a price recovery".

For national carrier Singapore Airlines (up S$0.06 or 0.7 per cent to S$8.55), Q4 FY2020 earnings for the group could swing to a loss, reducing FY2020 net profit by 29 per cent to S$483 million, he added.

With the virus unlikely to fade into the rear-view mirror, Stephen Innes, the chief market strategist at AxiCorp, noted "panic/fear" and "the hit to the real economy" as two separate but not mutually inconsistent dynamics that will continue to evolve around the coronavirus.

"The market is still, for the most part, in the fear mode, but as traders consume more economic data, the hit to the real economy should become more apparent. Then, the market will be steered by data, not opinions or the herd mentality," he said.

Source: Business Times Breaking News

Source and recommended reads :

https://sginvestors.io/market/sgx-share-price-performance/straits-times-index-constituents
https://sginvestors.io/market/sgx-breakout-price-3-month-high-volume-above-average
https://sginvestors.io/market/sgx-breakout-price-3-month-low-volume-above-averagehttps://www.investingnote.com/posts/1809889

Singapore business news

https://www.businesstimes.com.sg/stocks
https://www.straitstimes.com/business/companies-markets
https://www.theedgesingapore.com/

US Indices & stocks performance

https://www.investing.com/indices/

https://money.cnn.com/data/fear-and-greed/

DISCLAIMER:

Hey,

All information updates, tables and charts are for informational purposes only; they are not intended for trading purposes or advice.

We do not and cannot guarantee the accuracy of the information. 

Please consult your broker or financial representative to verify pricing before executing any trade. 

We are not liable for any actions taken in reliance on information contained herein. 

With best regards,

Martin

Week of 27th January 2020 - Weekly Institution Fund Flow Updates, Charts and Analysis

SGX Institutional and Retail Fund Flow Weekly Tracker
Week of 27 January 2020
Institutional investors net buy (+S$263.5m) vs. (+S$43.2m) a week ago
Retail investors net buy (+S$108.7m) vs. (-S$8.5m) a week ago

Disclimer 

Hey,

All information updates, tables and charts are for informational purposes only; they are not intended for trading purposes or advice.

We do not and cannot guarantee the accuracy of the information. 

Please consult your broker or financial representative to verify pricing before executing any trade. 

We are not liable for any actions taken in reliance on information contained herein. 

With best regards, 

Martin

Monday, Febuary 3, 2020

STI gap down to close lower by 37.42 points at 3116.31. It tired to fill the gap but failed, bullish effort faded and STI rolled down the hill.
On the pitchfork, it had broken and close lower than its immediate channel support.  The bearish momentum was strong.

STRAITS TIMES   3,116.310   -37.42 (-1.19%)
Prev : 3,153.730	High : 3,139.360	Low 3,112.330	Open 3,131.020

Singapore shares slide 1.2% as virus worries hit China markets
03 Feb 2020 18:13
By Lynette Tan

MOST stock markets in Asia, including Singapore, tumbled on Monday amid the ongoing coronavirus outbreak, led by a sharp sell-off in China.

Coming back from an extended Lunar New Year break, Chinese shares fell more than 7 per cent despite the People's Bank of China's pledge overnight to inject liquidity into the markets to shore up sentiment.

"Expectations remain that more could be done in the coming sessions should the support fail to arrest the volatility," said IG market strategist Pan Jingyi.

In Singapore, stocks fell steadily throughout the session, with the Straits Times Index down as much as 1.26 per cent in its final hour of trading.

The benchmark eventually closed down 1.19 per cent or 37.42 points to 3,116.31, weighed down by financial and real estate stocks.

Decliners led advancers 374 to 112, with about 1.96 billion securities worth S$1.34 billion changing hands.

Shares of the three local banks closed firmly in the red on Monday, with DBS and UOB among the bourse's top five decliners.

DBS fell 1.85 per cent or S$0.47 to close at S$24.90, while UOB lost 1.40 per cent or S$0.36 to end at S$25.30. Shares of OCBC Bank also slumped 1.11 per cent or S$0.12 to S$10.71.

Among real estate plays, index constituents CapitaLand Commercial Trust slid 0.97 per cent or S$0.02 to S$2.04, while CapitaLand closed at S$3.55, down 1.93 per cent or S$0.07.

Source: Business Times Breaking News

Source and recommended reads :

https://sginvestors.io/market/sgx-share-price-performance/straits-times-index-constituents
https://sginvestors.io/market/sgx-breakout-price-3-month-high-volume-above-average
https://sginvestors.io/market/sgx-breakout-price-3-month-low-volume-above-averagehttps://www.investingnote.com/posts/1809889

Singapore business news

https://www.businesstimes.com.sg/stocks
https://www.straitstimes.com/business/companies-markets
https://www.theedgesingapore.com/

US Indices & stocks performance

https://www.investing.com/indices/

https://money.cnn.com/data/fear-and-greed/

DISCLAIMER:

Hey,

All information updates, tables and charts are for informational purposes only; they are not intended for trading purposes or advice.

We do not and cannot guarantee the accuracy of the information. 

Please consult your broker or financial representative to verify pricing before executing any trade. 

We are not liable for any actions taken in reliance on information contained herein. 

With best regards,

Martin

Friday, January 31, 2020

STI had closed below it current uptrend cupport line today.
Since Thursday, STI opened tried to move higher but close lower, the following day STI extend losses of 16.95 points to close at 3153.73. If the bearish momentum gets to follow through, it is likely to gap down to test 3100 level tomorrow.
Possibly even testing 3075 level, the last bottom low level.
(You may noticed that after 3 attempts to close inside the buy-zone on Tue, Wed and Thu, Friday just extend loses).

STRAITS TIMES   3,153.730   -16.95 (-0.53%)
Prev : 3,170.680	High : 3,183.460	Low 3,144.330	Open 3,173.390

Singapore shares continue fall on Friday, down 2.7% on the week

31 Jan 2020 18:33

By Navin Sregantan

THE progress of the Wuhan coronavirus was the front and centre of the minds of investors this week. Given the virus has spread more rapidly than Sars while still at an early stage, it is unlikely to be on the back burner anytime soon.

On Friday, Singapore's Straits Times Index (STI) managed to register gains shortly after the opening bell, thanks to a positive Thursday session on Wall Street.

However, the early advance was quickly erased as investors preferred to focus on the rising death toll and number of infection cases from the virus, instead of the World Health Organization saying a worst-case scenario was off the table.

The STI finished at 3,153.73, down 16.95 points or 0.5 per cent. On the week, the blue-chip index lost 86.29 points or 2.7 per cent from Jan 24's close of 3,240.02.

Elsewhere in the Asia-Pacific, the picture was mixed. Australia, Japan and Taiwan notched up gains. On the other hand, Hong Kong, Malaysia and South Korea ended lower.

Fundamentally speaking, Asian economies continue to show recovery. Economic data releases for December from China, Japan and South Korea have at least met expectations or beaten them. However, concerns over the spread of the Wuhan virus could derail recent progress.

"The Wuhan virus has obviously thrown a massive spanner in the works of that recovery picture. How long the virus hangs around will dictate how big that spanner in the economic cycle will be," Oanda's Asia-Pacific senior market analyst Jeffrey Halley said.

Trading volume in Singapore was 1.99 billion securities, 68 per cent more than the 2019 daily average. Total turnover was S$1.59 billion, 50 per cent over last year's intraday mean.

Decliners outpaced advancers 265 to 164, with 14 of the benchmark's 30 counters ending in the red.

For much of the week, medical groups and rubber glove makers were the favourites of traders looking to make contra gains. For many of such counters, the bull run lasted until Wednesday before sharp declines, resulting in wild share price swings.

Medtecs International was one such counter. On Friday, the medical consumables manufacturer shed 6.1 Singapore cents or 35.3 per cent to 11.2 cents with 217.6 million shares traded. It was the Singapore bourse's most active counter for three out of four trading days this week. Its shares closed as high as 19.6 cents this week, more than five times higher than 2019's closing price of 3.9 cents.

The local market's tourism and leisure-related plays took a beating this week, including Singapore Airlines (SIA). It managed to turn a slight gain to close at S$8.55, up S$0.01 or 0.1 per cent after closing at a 10-year low on Thursday.

SIA, along with Silkair and Scoot, said on Friday they will cut capacity into China after demand was hit by virus concerns. The national carrier also signed a partnership with Japan's All Nippon Airways to boost the Singapore and Japan air hubs and improve flight connectivity for passengers.

Among property trusts that posted earnings for the September-to-December quarter, Ascendas India Trust units fell S$0.03 or 1.9 per cent to S$1.58 after posting a 4 per cent rise in Q3 distribution per unit to 2.12 cents.

Source: Business Times Breaking News

Source and recommended reads :

https://sginvestors.io/market/sgx-share-price-performance/straits-times-index-constituents
https://sginvestors.io/market/sgx-breakout-price-3-month-high-volume-above-average
https://sginvestors.io/market/sgx-breakout-price-3-month-low-volume-above-averagehttps://www.investingnote.com/posts/1809889

Singapore business news

https://www.businesstimes.com.sg/stocks
https://www.straitstimes.com/business/companies-markets
https://www.theedgesingapore.com/

US Indices & stocks performance

https://www.investing.com/indices/

https://money.cnn.com/data/fear-and-greed/

DISCLAIMER:

Hey,

All information updates, tables and charts are for informational purposes only; they are not intended for trading purposes or advice.

We do not and cannot guarantee the accuracy of the information. 

Please consult your broker or financial representative to verify pricing before executing any trade. 

We are not liable for any actions taken in reliance on information contained herein. 

With best regards, 

Martin