15Sep
sgx 16 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 16 September 2014

MARKET UPDATES :

  • Singapore’s Ministry of Manpower released detailed unemployment data for the second quarter of 2014 on Monday. The final second quarter jobless rate of 2.0 per cent was unchanged from the preliminary estimate released on July 31. Total employment rose by 27,700 in the second quarter of 2014, compared to a gain of 33,700 in the same quarter a year ago and a gain of 28,300 in the first quarter of 2014. This brought total employment to 3,549,900 in June 2014, up 3.8 percent from a year ago.
  • RETAIL sales rose 5.5 per cent year-on-year in July, lifted by sales of motor vehicles. But without motor vehicles, sales would have dipped 0.4 per cent. The total retail sales value for July was estimated at S$3.2 billion, up from S$3 billion in the corresponding month a year earlier, according to a release from the Department of Statistics on Monday During the month of July, sales of motor vehicles surged by as much as 41 per cent year-on-year. Sales of department stores (5.6 per cent) and supermarkets (5 per cent) were also higher. Meanwhile, categories which saw year-on-year falls include furniture and household equipment, which was down 6.5 per cent, as well as recreational goods, which was down 6.1 per cent.
  • SINGAPORE shares ended 0.99 per cent lower on Monday. The Straits Times Index fell by 33.08 points to close at 3,312.47 . Some 1.35 billion shares valued at S$909.2 million changed hands. Losers beat gainers 356 to 96.
  • The unemployment rate in Singapore remained low amid the tight labour market in the first half of 2014, said the Manpower Ministry (MOM) on Monday. The seasonally adjusted citizen unemployment rate was 2.9 per cent in June this year, while the resident long-term unemployment rate remained among the lowest globally at 0.6 per cent, said the ministry in a statement on the latest labour market developments. Foreign employment growth continued to slow in the first half of 2014. The 3,800 foreign workers added was the lowest since the 700 in the third quarter of 2009, contributing to lower year-on-year total employment growth of 3.8 per cent in June.
  • SINGAPORE’S National Environment Agency (NEA) . expects hotspots to persist and the 24-hour Pollutant Standards Index (PSI) here to fluctuate between the high-end of the “moderate” range and the low-end of the “unhealthy” range for the rest of the day. This can be expected given the continued dry weather in southern Sumatra. Singapore experienced elevated levels of PM2.5 from 10pm on Sunday to 7am on Monday, affecting mainly the western region which saw the 24-hour PSI enter the “unhealthy” range at 6am this morning. As at 9am on Monday, the reading stood at 105 in the western region and 78-84 elsewhere. (A PSI reading of between zero and 50 refers to good air quality, while a reading of between 51 and 100 means air quality is in the moderate range. Air quality with a PSI reading above 100 is considered unhealthy)
  • RISING costs, shortage of skilled workers and flagging customer demand are top concerns among Singapore businesses which are investing in their talent pool and information technology to overcome these hurdles, according to a recent survey The UOB Asian Enterprise Survey 2014 – on the impact of trade flows on Asian businesses’ regional expansion – noted that while Singapore firms are looking beyond the shores for growth, they are also tackling major challenges on To overcome the labour and skills shortfall, businesses are innovating with productivity-related investments which the survey said will capture about 50 per cent of their total investments. the home front. Some of the demographic challenges include a low birth rate and an ageing population. This translates to a smaller base of working-age citizens which has led many corporations to depend on overseas labour.
  • Asian markets retreated Monday, led by Hong Kong after data at the weekend showed Chinese industrial output expanded in August at its slowest rate since the global financial crisis. Wall Street provided a negative lead after another round of solid indicators fanned expectations the Federal Reserve will hike interest rates sooner than later. The pound edged lower as investors grow jittery about Thursday’s knife-edge Scottish independence referendum, which could see the country break away from the United Kingdom. Hong Kong slipped 0.76 per cent and Shanghai eased 0.18 per cent, Sydney lost 0.63 per cent and Seoul was 0.32 per cent lower.

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 43.350 TG 43.550, 43.800, 44.200 SL 43.10

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