Daily Archives: March 15, 2016


Malaysia : Top Glove eyes SGX


  • Top Glove Corp Bhd is seeking a secondary listing on the Singapore Stock Exchange to gain a bigger audience – a move that has been undertaken by some companies previously but with little to shout about.
  • Top Glove is seeking a secondary listing of its shares on the Main Board of Singapore Exchange Securities Trading Ltd (SGX-ST) by the third quarter of this year.
  • The world’s largest rubber glovemaker said the proposed secondary listing will not involve the issuance of any new Top Glove shares. However, its major shareholders may divest a portion of their shareholdings amounting to 20% to create liquidity.

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Comex Trading Signals and Market News – 15 March 2016


  • Natural Gas futures fell during noon trade in the domestic market on Monday as investors and speculators exited positions in the energy commodity as forecasts for warmer weather across the US for the remainder of March threatened to curb heating demand for the fuel in the world’s biggest fuel consuming nation.
  • Silver futures advanced in the domestic market during noon trade on Monday as investors and speculators booked fresh positions in the precious metal amid speculation that the US Federal Reserve which meets this week may sing a more cautious tune over further interest rate hikes in the world’s biggest economy bolstering the lure for the bullion as a store of value.
  • Gold futures struggled for direction in European trade on Monday, flipping between small gains and losses as investors looked ahead to central bank meetings in Japan and the U.S. later this week for further clues on monetary policy.Gold for April delivery on the Comex division of the New York Mercantile Exchange shed $3.70, or 0.29%, to trade at $1,255.70 a troy ounce by 07:45GMT, or 3:45AM ET.


  • The Bank of Japan is unlikely to ease policy further for the moment as it gauges the impact of its surprise adoption of a negative interest rate, a move that roiled markets, a key economic adviser to Prime Minister Shinzo Abe said on Monday.Given a variety of changing external factors, “I think the BOJ wouldn’t take further action right now,” Koichi Hamada, special adviser to the Cabinet, told Reuters in an interview. “Probably it will be a wise decision.”
  • India’s retail inflation is expected to have eased in February helped by falls in prices of some food items, after edging up for six straight months, raising expectations of a central bank rate cut next month.Analysts say Raghuram Rajan, Governor of the Reserve Bank of India, could soften monetary stance after Finance Minister Arun Jaitley stuck to a fiscal deficit target of 3.5 percent of GDP for next fiscal year in his third budget last month.
  • Alarm that parts of China’s housing market are overheating, raised at the ongoing annual parliament meeting, highlights concern about unregulated, online-based financing that can fuel a property bubble. Officials vowed to crack down on players in the property business illegally lending home-buyers the money to make downpayments.


  • BUY GOLD ABOVE 1260 TARGET 1265 1271 SL 1254
  • SELL GOLD BELOW 1250 TARGET 1245 1239 SL 1256

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IForex Market Trading Signals and News – 15 March 2016


  • Forex -Aussie and kiwi move lower vs. greenback in late trade
  • Forex -Dollar steadies before BOJ, Fed meetings
  • Forex-Frazzled dollar awaits Fed guidance, Aussie takes a breather

The EUR bears loosened the grip over the last hour, allowing a minor-recovery in the EUR/USD pair from near 1.1110 region heading into the Euro zone industrial output release. EUR/USD trades -0.20% lower at 1.1130, climbing back above 5-DMA placed at 1.1125. The main currency pair moves-off lows, although struggles to recover ground as the European stocks join the global risk-on rally and brought back renewed optimism into markets, dampening the safe-haven appeal for the euro. Germany’s DAX jumps +1.83%, the UK’s FTSE gains +0.60%, while the pan-European benchmark, the Euro Stoxx 50 shoots +1.20% so far this session.

The GBPUSD pair rallied strongly to the upside to manage to touch our first main target at 1.4385, as trading settles around it now waiting to get enough positive momentum to push the price to resume the bullish wave, which its next target located at the bearish channel’s resistance at 1.4635. Therefore, we will continue to suggest the bullish trend for the upcoming sessions, supported by the EMA50 that carries the price from below, noting that holding above 1.4205 level represents the first condition to continue the expected bullish trend.


  • BUY GBP/USD ABOVE 1.4380 TARGET 1.4400 1.4430 SL 1.4350
  • SELL GBP/USD BELOW 1.4330 TAGET 1.4310 1.4280 SL 1.4360

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Financial Sgx Singapore Stock Market Trading Picks And News – 15 March 2016


  • The Straits Times Index (STI) ended 18.2 points or 0.64% higher to 2847.06, taking the year-to-date performance to -1.24%.
  • The top active stocks today were DBS, which gained 0.92%, SingTel, which gained 0.53%, OCBC Bank, which gained 1.71%, Keppel Corp, which declined 0.33% and UOB, with a 0.75% advance.
  • The FTSE ST Mid Cap Index gained 0.21%, while the FTSE ST Small Cap Index rose 0.17%.
  • The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 0.98%. The two biggest stocks of the Index – Silverlake Axis and CSE Global- ended 2.54% higher and 1.08% lower respectively.
  • The underperforming sector was the FTSE ST Basic Materials Index, which slipped 1.48%. Midas Holdings shares declined 1.75% and Geo Energy Resources remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (+1.06%), SPDR Gold Shares (-0.59%), IS MSCI India 100 (+0.63%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Capitamall Trust (unchanged), Capitacom Trust (-0.69%), Ascendas REIT (unchanged)
  • The most active index warrants by value today were : HSI19600MBePW160428 (-13.89%), HSI19800MBeCW160330 (+8.51%), HSI21000MBeCW160428 (+6.45%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+3.82%), KepCorp MBeCW161212 (+0.75%), UOB MB eCW160705 (+0.84%).


  • BUY SINO GRANDNESS ABOVE 0.560 TARGET 0.600 0.650 SL 0.480

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