Daily Archives: February 12, 2016


SGX : Singapore shares close flat on Friday

Singapore Exchange :

  • Singapore shares close flat on Friday, ‪#‎STI‬ down 3.2% for week.
  • Over in Europe, Sweden followed Japan by moving to negative interest rates while in South Korea, trading in small caps on Friday was suspended after the small cap index collapsed by more than 8 per cent.
  • It all adds up to a lethal cocktail that dragged the Straits Times Index (STI) down 84 points or 3.2 per cent over the week to 2,539.95. Daily volume averaged S$1.2 billion, better than last year’s figure which hovered around S$1 billion, though like last year, at least 70 per cent came from trading of blue chips. On Friday when the STI managed a 1.67 points rise, turnover was 900.7 million units worth S$1.2 billion.

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SGX : Singapore shares open 0.1%

Singapore Exchange :

  • Singapore shares open 0.1% up on Friday
  • SINGAPORE shares opened 0.1 per cent higher on Friday, with the Straits Times Index advancing 2.47 points to 2,540.75 as at 9am.
  • The blue-chip index inched up after US Federal Reserve chair Janet Yellen said she was not taking negative rates off the table.
  • About 27 million shares worth S$47.6 million changed hands, which worked out to an average unit price of S$1.76 per share.

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Comex Trading Signals and Market News – 12 February 2016


  • West Texas Intermediate oil futures tumbled below the $27-level to re-approach the lowest level in almost 13 years in Europe trade on Thursday, as record crude inventories at the Cushing delivery hub underlined concerns over a supply glut. Crude oil for delivery in March on the New York Mercantile Exchange fell to an intraday low of $26.56 a barrel, before recovering slightly to trade at $26.88 by 08:55GMT, or 3:55AM ET, down 56 cents, or 2.02%. A day earlier, prices declined 49 cents, or 1.75%.
  • Gold futures jumped to the highest level since May in Europe trade on Thursday, amid growing skepticism over the Federal Reserve’s ability to raise interest rates as much as it would like this year.Gold for April delivery on the Comex division of the New York Mercantile Exchange rose to an intraday peak of $1,215.30 a troy ounce, a level not seen in almost nine months, before falling back to trade at $1,207.80 by 08:00GMT, or 3:00AM ET, up $13.30, or 1.11%. A day earlier, gold shed $4.00, or 0.33%.
  • Natural Gas futures slumped by 4 per cent in the domestic market on Wednesday as investors and speculators exited positions in the energy commodity tracking a weak trend in the overseas market as forecasts calling for warmer than average temperatures in the US later in February threatened to curb the demand for the heating fuel in the world’s biggest gas consuming nation.


  • India will link the interest paid to millions of small savers in a $137-billion federal deposit scheme to market rates that will be revised every quarter, a top finance ministry official said on Thursday.Cutting the small savings rate could save the government an estimated $700 million a year. But the move is likely to irk small savers and could be unpopular politically, particularly in rural areas where few banks have branches.
  • India’s economic growth is robust despite turmoil on global financial markets, a top finance ministry official said on Thursday, reiterating the official forecast that the economy would grow by 7.6 percent in the year to March.”The world is in turmoil,” Economic Affairs Secretary Shaktikanta Das told a news briefing on the economy that will set the stage for the annual budget on Feb. 29.Das described growth by Asia’s third-largest economy as “robust” and said it was driven by manufacturing.
  • Australian Prime Minister Malcolm Turnbull will likely inherit a hard-right, climate change sceptic for his deputy after the retirement of his current No.2 on Thursday, an appointment that could block any revamp of an emissions trading scheme. Agriculture Minister Barnaby Joyce, an outspoken lobbyist for the nation’s farmers and for tougher controls on foreign investment, is the leading candidate for the job traditionally held by the coalition government’s minor partner, the Nationals.


  • BUY GOLD ABOVE 1220 TARGET 1225 1231 SL 1214
  • SELL GOLD BELOW 1215 TAGRET 1210 1204 SL 1221

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IForex Market Trading Signals and News – 12 February 2016


  • Forex -Aussie holds steady, kiwi slips in cautious trade
  • Forex -Dollar hits fresh 15-month lows against yen after Yellen
  • Forex -Dollar drops vs. rivals on U.S. rate hike uncertainty

The shared currency is trading on a firmer footing vs. the dollar on Thursday, with EUR/USD trading well beyond the 1.1300 handle. The pair has surrendered the earlier spike to the 1.1360 area against the backdrop of persistent risk-off sentiment, fuelled at the same time by the negative performance of European equity markets.Ahead in the session there are no scheduled releases in Euroland while Initial Claims and another testimony by Chairwoman J.Yellen will grab all the attention across the pond later. The pair is now advancing 0.24% at 1.1321 with the next hurdle at 1.1460 (monthly high Sep.18) ahead of 1.1496 (monthly high Oct.15) and finally 1.1713 (post- PBoC high Aug.24). On the other hand, a breakdown of 1.1055 (200-day sma) would open the door to 1.1002 (20-day sma) and finally 1.0963 (100-day sma).

The GBP/USD pair halted its 2-day rally and reverted to the red zone in the European session, as risk-aversion was rife amid renewed weakness in the European indices. The GBP/USD pair trades 0.71% lower at 1.4417, hovering within a striking distance of the 1.44 handle. Having peaked at 1.4564 levels in early Asia, the GBP/USD pair continues to inch lower, with selling pressure intensifying over the last hours as the European equities resumed the downtrend and sparked renewed risk-aversion wave across Europe. The UK’s FTSE drops -2.63%, while the pan-European benchmark, the Euro Stoxx slumps over -3.30%.Markets are giving up higher-yielding currencies such as the GBP in favour of safe-haven assets like the yen, in a bid to protect their capital amid ongoing global sell-off. In the day ahead amid a lack of fundamental triggers, the oil price action and sentiment on the equities will drive the cable.


  • BUY GBP/USD ABOVE 1.4470 TARGET 1.4490 1.4520 SL 1.4440
  • SELL GBP/USD BELOW 1.4395 TARGET 1.4375 1.4345 SL 1.4425

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Financial Sgx Singapore Stock Market Trading Picks And News – 12 February 2016


  • The Straits Times Index (STI) ended 43.82 points or 1.7% lower to 2538.28, taking the year-to-date performance to-11.95%.
  • The top active stocks today were SingTel, which declined 3.28%, DBS, which declined 1.79%, Global Logistic, which declined 1.23%, OCBC Bank, which declined 1.46% and UOB, with a 0.34% fall.
  • The FTSE ST Mid Cap Index declined 0.87%, while the FTSE ST Small Cap Index declined 0.69%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 1.63%. The two biggest stocks of the Index – Raffles Medical Group and Biosensors International Group- ended 0.98% higher and 3.21%higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 3.07%. Keppel Corp shares declined2.87% and Sembcorp Industries declined 4.47%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (+2.67%), STI ETF (-1.16%), IS MSCI India 100 (-2.30%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (+0.48%), Ascendas REIT (-0.86%), Capitacom Trust (+0.75%)
  • The most active index warrants by value today were : HSI19800MBeCW160330 (-39.52%), HSI17600MBePW160330 (+22.73%), HSI18400MBePW160330 (+14.56%)
  • The most active stock warrants by value today were : DBS MB eCW161004 (-9.49%), UOB MB eCW160705 (-2.30%), KepCorp MBeCW161101 (-11.27%)


  • BUY SWIBER HOLDINGS ABOVE 0.180 TARGET 0.200 0.225 SL 0.155

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