Daily Archives: February 17, 2016

17Feb
sgx-asx

SGX : S$81 million in Share ‪#‎Buybacks‬

SGX :

  • S$81 million in Share ‪#‎Buybacks‬ in January 2016
  • In the month of January 2016, there were a total of 85,323,600 shares repurchased by 44 stocks, with a total consideration of S$80.9 million. This compared to S$97.2 million in January 2015 and S$63.1 million in December 2015.
  • There are two common motivations for a listed company to buy shares back from the open market – when they feel that their share price has been undervalued or simply to facilitate employee share option schemes.
  • The five stocks with the largest considerations in buybacks in the month of January 2016 were ‪#‎DBS‬ Group Holdings, ‪#‎Oversea‬-Chinese Banking Corporation, ‪#‎Q‬ & M Dental Group (Singapore), ‪#‎Silverlake‬ Axis and ‪#‎Wing‬ Tai Holdings.

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

17Feb
sgx2

SGX : Singapore shares open higher

Market Updates :

  • Singapore shares open 0.19% higher on Wednesday.
  • SINGAPORE stocks rose early on Wednesday following overnight gains in US equities, with the Straits Times Index adding 4.93 points or 0.19 per cent to 2,649.51 as at 9.02am.
  • Gainers outnumbered losers 61 to 48, or about six up for every four down, with 79 million shares worth S$109.6 million traded.
  • Genting Singapore was among the most active counters out of the gate, gaining 1.4 per cent or one Singapore cent to 70 Singapore cents as at 9.02am.
  • CapitaLand added 0.3 per cent or one Singapore cent to trade at S$2.91 after posting a 39.5 per cent drop in profit for the fourth quarter.

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

17Feb

Comex Trading Signals and Market News – 17 February 2016

INTERNATIONAL COMMODITY NEWS :

  • Gold futures tumbled below the $1,200-level in Europe trade on Tuesday, as safe-haven buying in the precious metal dried up amid a recovery in global equity markets.Gold for April delivery on the Comex division of the New York Mercantile Exchange fell to an intraday low of $1,191.50 a troy ounce, before paring some losses to trade at $1,199.80 by 08:45GMT, or 3:45AM ET, down $39.60, or 3.2%.
  • Silver futures retreated during noon trade in the domestic market on Tuesday as investors and speculators shunned safe haven assets in favour of high-yielding riskier assets such as stocks as a rebound in oil prices and hopes of a global central bank stimulus boost bolstered risk taking appetite.At the MCX Silver futures for March 2016 contract is trading at Rs 36900 per kg down by 0.51 per cent after opening at Rs 36900 against the previous closing price of 37088. It touched the intra-day low of Rs 36777.
  • Copper futures soared by 1 per cent during late morning trade in the domestic market on Tuesday as a pickup in new lending in China the world’s biggest metals consumer eased worries over the country’s economic slowdown lifting the demand outlook for Copper.New loans issued by China’s banks and financial institutions jumped to 2.51 trillion Yuan in January 2016 comfortably topping estimates of 1.9 trillion Yuan and above the 597.8 billion Yuan in the previous month.

ECONOMY NEWS :

  • The European Central Bank is ready to ease policy further in March, President Mario Draghi said on Monday, highlighting risks from financial market volatility, a global slowdown in growth and low oil prices. The ECB will examine risks emanating from weaker emerging market growth and look at whether plunging crude prices along with market turbulence could derail its efforts to boost inflation, Draghi told lawmakers in the European Parliament.
  • A loophole in Australian property rules has helped overseas developers invest what industry executives believe were record levels in the country in 2015, casting doubt over the efficacy of curbs intended to keep a lid on soaring prices. Newly built properties are exempt from rules on existing homes that restrict sales to foreigners,creating an opportunity for overseas investors to get into one of the world’s fastest growing housing markets.
  • The Bank of Japan said on Tuesday negative interest rates will apply to about 23 trillion yen ($201 billion) of total reserves, based on estimates of current account deposits held with the central bank in January. About 206 trillion yen of the deposits parked in BOJ accounts by financial institutions will be paid a 0.1 percent interest, while nearly 24 trillion yen will be charged zero interest rates, according to the BOJ’s estimate.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1215 TARGET 1220 126 SL 1221
  • SELL GOLD BELOW 1208 TAGRET 1203 1197 SL 1214

For more information about Commodity market trading or Comex Signals, please visit EPIC RESEARCH PTE LTD.

17Feb
forex-trading3

IForex Market Trading Signals and News – 17 February 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar slips lower vs. rivals, U.S. data ahead
  • Forex – Aussie edges higher on RBA minutes, kiwi declines
  • Forex – Euro and yen gain as risk appetite fizzles

EUR/USD
The euro rose against the dollar on Tuesday, as market sentiment soured with European shares and oil prices turning lower after earlier gains.Risk appetite faded after a meeting between oil ministers from Saudi Arabia, Russia, Qatar and Venezuela ended with consensus to freeze output, but not to cut production.The U.S. dollar index, which measures the green-back’s strength against a trade-weighted basket of six major currencies, was down 0.26% to 96.50. The low yielding euro rose against the dollar, with EUR/USD rising 0.23% to 1.1181. The euro’s gains were held in check after European Central Bank President Mario Draghi said Monday the bank would not hesitate to act in March, reinforcing expectations for additional stimulus measures.Meanwhile, data on Tuesday showed that German economic sentiment fell sharply this month, amid concerns over falling oil prices, slowing global growth and heightened market volatility

GBP/USD
The pound was trading close to the day’s highs against the dollar on Tuesday after data showing that the annual rate of inflation in the U.K. rose to a one-year high in January. GBP/USD was up 0.35% at 1.4488, close to the day’s highs of 1.4516.The Office for National Statistics reported that the consumer price index rose 0.3% on a year-over-year basis last month, matching forecasts and up from 0.2% in December.The main contributors to the increase in consumer prices were motor fuels and also to a lesser degree alcoholic beverages and clothing. Air fare prices partially offset the rise in inflation, falling by more than they did a year ago. Consumer prices fell 0.8% in January from a month earlier, worse than forecasts for a decline of 0.7% and following a gain of 0.1% in the prior month.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.4470 TARGET 1.4490 1.4520 SL 1.4440
  • SELL GBP/USD BELOW 1.4420 TARGET 1.4400 1.4380 SL 1.4450

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

17Feb
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 17 February 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 36.68 points or 1.41% higher to 2644.58, taking the year-to-date performance to -8.26%.
  • The top active stocks today were DBS, which gained 2.01%, SingTel, which gained 1.60%, UOB, which declined 0.22%, Capita- Land, which gained 0.35% and OCBC Bank, with a 1.70% advance.
  • The FTSE ST Mid Cap Index gained 0.97%, while the FTSE ST Small Cap Index rose 0.62%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 4.07%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 3.59% higher and 4.15% higher respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which remain unchanged 0.00%. Raffles Medical Group shares gained0.24% and Biosensors International Group remain unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-0.58%), S MSCI India 100 (-1.33%),STI ETF (+1.53%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (-0.47%), Ascendas REIT (-0.83%), Suntec REIT (+1.25%)
  • The most active index warrants by value today were : HSI19800MBeCW160330 (+11.96%), HSI18400MBePW160330 (-12.77%), HSI17600MBePW160330 (-16.00%)
  • The most active stock warrants by value today were : DBS MB eCW161004 (+13.33%), UOB MB eCW160705 (-4.00%), KepCorp MBeCW161212 (+55.36%)

STOCK RECOMMENDATION :

  • BUY YZJ SHIPBLDG SGD ABOVE 0.960 TARGET 1.000 1.050 SL 0.920

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

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