Daily Archives: March 2, 2016


Singapore Exchange : Opening market update


  • Singapore share prices opened higher on Wednesday with the Straits Times Index up 37.66 points to 2,720.05 as at 9am.
  • The US markets surged overnight, though futures for West Texas Intermediate crude fell.
  • Top gainers in early-morning trade included stocks in the Jardine group, DBS and Great Eastern.
  • Some 73.6 million shares worth S$132 million changed hands, with gainers outnumbering losers 136 to 23.

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Comex Trading Signals and Market News – 02 March 2016


  • Natural gas futures tumbled by more than 1 per cent during noon trade in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity as fears mounted that demand for the heating fuel may wane with the winter season in the US the world’s biggest fuel consumer fast drawing to a close.
  • Gold futures rose in European trade on Tuesday, with prices re-approaching the highest level in a year amid mounting expectations for further stimulus measures from central banks in Asia and Europe.Weak Chinese manufacturing activity data released earlier underlined concerns over the health of the world’s second largest economy and raised hopes of additional stimulus measures in the near-term to support growth.
  • Oil prices edged higher on Tuesday as falling U.S. and OPEC production tightened an oversupplied market.U.S. government data on Monday showed crude output fell in December for a third straight month.Supply from OPEC has also declined, fallinby 280,000 barrels per day in February to 32.37 million.But weak economic data out of China and the prospect of slowing oil demand growth continued to weigh on prices.


  • Australia’s deputy prime minister on Tuesday urged the country’s A$1.8 trillion ($1.3 trillion) pension fund industry to boost its investment in agriculture as the sector gears up to meet strong demand from Asia.While foreign interest in Australian agriculture has soared, Deputy Prime Minister and Agriculture Minister Barnaby Joyce said it was baffling that local pension funds had just 0.3 percent of their total investment portfolio in the growing sector.
  • Japan’s finance ministry may need to undertake “sporadic intervention” in the currency market to limit the yen’s gains, a senior economic adviser to Prime Minister Shinzo Abe said on Tuesday.Koichi Hamada, an emeritus professor of economics at Yale University, said in an opinion piece for the Japan Times that the yen exchange rate was determined by monetary policy in recent years, and had not been manipulated by intervention.
  • India’s 2016/17 budget unveiled by Finance Minister Arun Jaitley on Monday is “pragmatic” and “balanced,” and its focus on the rural economy and job creation will bring long-term benefits, Reserve Bank of India Deputy Governor S.S. Mundra said.Mundra’s reaction, during an interaction with reporters on Tuesday, marks the first public comment from a senior RBI official on the budget.”It is a pragmatic budget, particularly if you look at the fiscal consolidation road map,” Mundra told reporters on the sidelines of a conference.


  • BUY GOLD ABOVE 1245 TARGET 1250 1256 SL 1239
  • SELL GOLD BELOW 1240 TARGET 1235 1229 SL 1245

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IForex Market Trading Signals and News – 02 March 2016


  • Forex -Yen in favour as China stimulus underwhelms, euro pressured
  • Forex -Yen gains on G20 disappointment, dollar climbs against euro
  • Forex – Sterling pares gains after weak UK manufacturing PMI

The Euro looks poised to continue higher against the US Dollar after prices took out the top of a Triangle consolidation pattern. The breakout suggests the upside correction launched in mid-March has more room to develop beforethe larger multi-year down trend resumes.Near-term resistance is now at 1.1432, the 38.2% Fibonacci expansion, with a break above that on a daily closing basis opening the door for a chal-lenge of the 50% level at 1.1539. Alternatively, a move below resistance-turned-support at 1.1265 clears the way for a descent to the 1.1028-86 area, marked by the September 3 low and a rising trend line.

Sterling pared gains after weak activity in the U.K. manufacturing sector that neared three-year lows, according to industry data released on Tuesday.In a report, market research group Markit said that its U.K. manufacturing PMI fell to a seasonally adjusted 50.8 last month from a reading of 52.9 in January. Analysts had expected the index to inch down to 52.2 in February. The reading was its lowest level since April 2013. The pound pared earlier gains after the report, but still managed to trade higher against other Forex majors. At 9:42AM GMT or 4:42AM ET, GBP/USD traded up 0.12% at 1.3932, ith regard to cable, investors will keep an eye U.S. manufacturing data with the Institute of Supply Management scheduled to report activity in the sector at 15:00GMT or 10:00AM ET.


  • BUY GBP/USD ABOVE 1.3990 TARGET 1.4010 1.4040 SL 1.3960
  • SELL GBP/USD BELOW 1.3930 TARGET 1.3910 1.3880 SL 1.3960

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Financial Sgx Singapore Stock Market Trading Picks And News – 02 March 2016


  • The Straits Times Index (STI) ended 15.88 points or 0.6% higher to 2682.39, taking the year-to-date performance to -6.95%.
  • The top active stocks today were DBS, which gained 1.92%, JMH USD, which declined 2.06%, SingTel, which declined 0.54%, OCBC Bank, which gained 0.37% and UOB, with a 0.23% advance.
  • The FTSE ST Mid Cap Index gained 0.17%, while the FTSE ST Small Cap Index rose 1.05%.
  • The outperforming sectors today were represented by the FTSE ST Oil & Gas Index, which rose 2.72%. The two biggest stocks of the Index – Keppel Corp and Sembcorp Industries – ended 2.51% higher and 4.48% higher respectively.
  • The underperforming sector was the FTSE ST Industrials Index, which slipped 0.93%. Jardine Matheson Holdings shares declined 2.06%and Jardine Strategic Holdings gained 0.17%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (+2.88%), SPDR Gold Shares (+0.46%), STI ETF (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (-0.91%), Ascendas REIT (-1.24%), Mapletree Gcc Tr (+6.04%)
  • The most active index warrants by value today were : HSI20200MBeCW160428 (+13.33%), HSI19800MBeCW160330 (+28.99%), HSI18400MBePW160330 (-20.00%)
  • The most active stock warrants by value today were : DBS MB eCW161004 (+8.27%), UOB MB eCW160711 (+1.50%), KepCorp MBeCW161212 (+8.54%)


  • BUY VARD HLDGS ABOVE 0.160 TARGET 0.165 0.175 SL 0.152

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