Daily Archives: October 13, 2014

sgx 14 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 14 October 2014


  • SINGAPORE shares ended higher on Monday with the benchmark Straits Times Index down 21.72 points to close at 3202.15. Volume was 1.27 billion shares worth S$947.6 million. Losers outnumbered gainers 396 to 84.
  • Hong Kong shares closed 0.24 per cent higher Monday as better-than-forecast Chinese trade data helped to erase an initial sell-off fuelled by fresh Wall Street losses.The Hang Seng Index added 54.84 points to 23,143.38 on turnover of HK$67.82 billion (US$8.75 billion).But in mainland China the benchmark Shanghai Composite Index fell 0.36 per cent, or 8.53 points, to 2,366.01 on turnover of 175.4 billion yuan (US$28.6 billion). The Shenzhen Composite Index, which tracks stocks on China’s second exchange, slipped 0.08 per cent, or 1.13 points, to 1,349.47 on turnover of 202.4 billion yuan.
  • SINGAPORE’S Central Provident Fund (CPF) system ranks top among similar social security systems in Asian countries, but it is Denmark’s well-funded pension system which has emerged the best globally. The 2014 Mercer Melbourne Global Pension Index identified Singapore’s CPF is a “sound structure, with many good features, but has some areas for improvement that differentiates it from an A-grade system”. The Singapore retirement system continues to score a grade of B, but is expected to be upgraded once shortcomings are addressed, said Neil Narale, Mercer’s Asean Retirement Business Leader.
  • INTERNATIONAL Enterprise (IE) Singapore and Singapore Business Federation (SBF) are leading a 20- member strong business delegation to Turkey to explore new business opportunities. The mission, which is held in conjunction with Prime Minister Lee Hsien Loong’s official visit to Turkey, will look at key sectors that Singapore players can participate in. These include the consumer electronics, medtech and infrastructure sectors. Valued at US$12.4 billion in 2013, Turkey’s consumer electronics is seen as a sector with great potential.
  • THE Housing & Development Board (HDB) has beaten eight other countries to win the international FutureGov Awards 2014 for service innovation, it said on Monday. The other countries are Australia, New Zealand, Indonesia, Malaysia, Thailand, the Philippines, India and the Republic of Maldives. HDB won the award for creating a new and improved customer experience through service personalisation at its Punggol branch.
  • China’s exports rose more than expected in September while imports unexpectedly improved, data showed on Monday, bringing the trade surplus to US$31 billion. Exports rose 15.3 per cent in September compared with a year ago, the General Administration of Customs said, beating a median forecast in a Reuters poll for a rise of 11.8 per cent.


  • BUY JARDINE CYCLE ABOVE 39.900 TG 40.200, 40.500, 40.900 SL 39.600

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Comex Commodity Trading Signals and Market News – 13 October 2014


Gold prices gained in early Asia on Monday as investors sought the precious metal on uncertainty over the pace and timing of any Federal Reserve rate hike next year. Markets in Japan are to remain closed for a national holiday. China’s trade balance is scheduled with no release time available with exports seen up 11.8%, imports down 2.7% and a trade surplus of $41 billion seen. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,230.30 a troy ounce, up 0.41%, after hitting an overnight session low of $1,217.70 and off a high of $1,225.80. Gold futures edged lower on Friday after the dollar continued to see support on concerns the global economy may be slumping as the U.S. recovers, though dovish language out of the Federal Reserve this week cushioned losses.

• U.S. natural gas futures ended Friday’s session close to a one-month low, as market players monitored near-term weather forecasts to gauge the strength of demand for the fuel. On the New York Mercantile Exchange, natural gas for delivery in November tacked on 1.4 cents, or 0.36%, to settle at $3.859 per million British thermal units by close of trade on Friday. A day earlier, natural gas prices hit $3.815, a level not seen since September 12, before closing at $3.845, down 1.0 cent, or 0.26%. Futures were likely to find support at $3.786 per million British thermal units, the low from September 12, and resistance at $3.947, the high from October 8.

Crude oil futures fell to multi-year lows on Friday, before reversing losses to end the session modestly higher as investors returned to the market to seek cheap valuations. On the New York Mercantile Exchange, crude oil for delivery in November hit a daily low of $83.59 a barrel, a level not seen since July 2012. Nymex prices recovered to end the day at $85.82, up 5 cents, or 0.06%. For the week, New York-traded oil futures lost $3.92, or 4.36%, the fourth weekly decline over the past five weeks. Elsewhere, on the ICE Futures Exchange in London, Brent oil for November delivery fell to a session low of $88.11 a barrel on Friday, the weakest level since December 2010.


  • BUY GOLD ABOVE 1235 TGT 1239,1244 SL 1230
  • SELL GOLD BELOW 1228 TGT 1224,1219 SL 1233

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IForex Market Trading Signals and News – 13 October 2014


  • Forex-Dollar edges higher as safe-haven demand strengthens.
  • Forex-Japanese yen retains strength after BoJ minutes, Aussie slumps.
  • Forex-GBP/USD slides lower despite positive U.K. trade data..

GBP/USD hit 1.6044 during European morning trade, the pair’s lowest since Wednesday; the pair subsequently consolidated at 1.6058, sliding 0.37%.Cable was likely to find support at 1.6023, the low of October 7 and resistance at 1.6227, Thursday’s high.In a report, the U.K. Office for National Statistics said the trade deficit narrowed to £9.10 billion in August from £10.41 billion in July, whose figure was revised from a previously estimated deficit of £10.19 billion. Analysts had expected the trade deficit to narrow to £9.60 billion in August.The data came a day after the Bank of England voted to keep interest rates on hold at 0.5% and to keep the size of its asset purchase program unchanged at £375 billion.

USD/JPY edged up 0.19% to trade at 108.03. Earlier Friday, the minutes of the Bank of Japan’s September 3-4 policy meeting showed that some members voiced concerns over possible adverse effects of additional stimulus measures. These concerns raised the prospect of the first policy split vote under BoJ Governor Haruhiko Kuroda’s mandate,even as the central bank head continues to emphasize his readiness to take fresh action to meet the BOJ’s 2% inflation target, if needed. On Tuesday, the BoJ left monetary policy unchanged at its policy meeting, but acknowledged that declining domestic demand as a result of a sales tax increase in April was leading to economic weakness.


1. Buy GBP/USD Above 1.6124-TG:1.6144/1.6174 SL 1.6094
2. Sell GBP/USD Below 1.6048-TG:1.6028/1.5998 SL 1.6078

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sgx 13 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 13 October 2014


  • Singapore shares ended lower on Friday with the benchmark Straits Times Index down 35.38 points to close at 3,223.87. Volume was 1.23 billion shares worth S$966 million. Losers outnumbered gainers 358 to 98.
  • THE government will still keep a close watch on the inflow of foreign workers – even as no further major measures are planned to tighten the foreign worker policy. “We need to continue monitoring closely, to ensure that we stay on track in avoiding over-dependence on foreign workers,” Prime Minister Lee Hsien Loong said on Wednesday morning at the launch of the Productivity Month. Repeating what he said last week at the National University of Singapore Society Lecture, Mr. Lee said he did not expect further measures to squeeze the inflow of foreign workers.
  • PLANS by the Monetary Authority of Singapore (MAS) to strengthen the city-state’s real estate investment trust (Reit) market will provide a positive boost for the local Reit and property sector. In a report released on Friday, DBS Group Research said when passed, the proposals could result in lower fees as well as greater transparency and alignment between Reits and unit holders. “This should increase confidence and attractiveness of Reits to investors.
  • DBS Bank on Friday announced that it has joined the World Bank’s Global Infrastructure Facility (GIF) as an advisory partner. Launched on Thursday in Washington, the GIF aims to catalyse and mobilise private- sector investment in infrastructure projects in emerging markets. As an advisory partner, DBS will be involved in advising on project preparation, optimal approaches to financial structuring, and the design and use of risk instruments. This will help to ensure the suitability of emerging market infrastructure projects for commercial or institutional investment.
  • SINGAPORE will do its part to meet climate-change obligations, reduce carbon emissions and improve energy efficiency – even though these moves might impinge on the growth prospects of its energy and chemicals sector, a key growth driver.
  • Japan’s pro-casino lawmakers are set to tweak a proposed bill on casino legalisation to address concerns of a possible spike in gambling addiction, but have agreed to not propose banning Japanese nationals from casinos, a parliamentary source said.


  • BUY COMFORTDELGRO LTD ABOVE 2.550 TG 2.590, 2.630 . 2.690 SL 2.490

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