Singapore shares market exchanging on negative ground; STI at 3,492.83 on 22 Feb

SINGAPORE shares continued exchanging on Thursday evening in a negative area with the Straits Times Index at 3,492.83, down 0.7 for each penny, or 23.4 focuses, on the day as at 1.16pm.

Washouts dwarfed gainers 278 to 85, or around 10 down for each three up, with somewhere in the range of 1.02 billion offers worth S$903.2 million altogether evolving hands.

sgx down

The most effectively exchanged counter was DISA, which was level at 1.2 Singapore pennies with 102.4 million offers evolving hands. Different actives included Jiutian Chemical and Genting Sing.

Dynamic file stocks included DBS at S$29.45 each, up S$0.79 or 2.76 for every penny, and UOB at S$27.60, up by S$0.38 or 1.4 for each penny.

Most Asian markets sank on Thursday, fuelling fears of new unpredictability after Federal Reserve minutes fanned desires US financing costs would rise further.

The eagerly awaited notes from the Fed’s January arrangement meeting demonstrated the board thought Donald Trump’s general tax breaks would start up the as of now murmuring economy, pushing expansion higher.

Examiners estimate that the Fed will lift financing costs at its next gathering in March however there is banter about whether it will do three increments – the same number of have anticipated – or four, in light of the current spate of solid information.

Wednesday’s news saw the key 10-year US Treasury yield hit a four-year high and helped the dollar however sent US values into invert with every one of the three principle lists finishing off with negative an area.

Tokyo finished the morning 1.2 for every penny lower, Hong Kong fell 1.4 for each penny, Sydney surrendered 0.2 for every penny and Singapore was off 0.9 for each penny. Seoul shed 0.6 for each penny, Taipei was off 0.7 for every penny and Manila dropped 0.9 for each penny.

In any case, Shanghai bounced 1.4 for every penny as terrain dealers came back from seven days in length break for the Lunar New Year festivities.

“The market is valuing in the likelihood of a more tightly Fed after some time,” Evan Brown, executive at UBS Asset Management and previous New York Fed worker, disclosed to Bloomberg TV.


GBP/USD refreshes session lows, The following mid-1. 3900s post

• uk unemployment rate ticks higher Also prompts a few offering.
• feature pay Growth stayed firm during 2. 5% y-o-y in any case falls flat should give backing.
• BOE expansion hearings/FOMC gathering minutes peered toward to new stimulus.

The GBP/USD match held for should its Every day misfortunes Furthermore dropped on new session lows, The following mid-1. 3900s, post-UK month to month employments information.

The british Pound lost exactly ground after the most recent uk occupation points indicated unemployment rate ticked higher to 4. 4% over three months should december Also negated a unforeseen drop in the amount for individuals guaranteeing unemployment-related benefits, tumbling Eventually Tom’s perusing 7. 2% Throughout january.

In mostaccioli in-line uk compensation Growth data, nearing to on indicate feature compensation development (counting bonus) stayed firm toward 2. 5% y-o-y completed little on give any support, for exactly level of vulnerability encompassing those approaching Brexit talks also weighing on the major.

Gurus presently look forward of the BOE expansion hearings and the Exceptionally foreseen FOMC meeting minutes in place on focus the pair’s near-term trajectory.

Specialized foul levels will watch.
Prompt help may be currently pegged close to those 1. 3900 handle, which On broken could transform those match defenseless with augment its near-term restorative slide further towards trying those 1. 3800 round figure Stamp in the near-term.

On the flip side, bulls may proceed with with battle close to those 1. 4020-25 region, over which a session from claiming short-covering Might lift those match over towards those 1. 4100 handle.





                                                                                Gold Signal 



  • Gold prices remained under pressure on Tuesday, as U.S. dollar strength and lower demand for safe-haven assets continued to weigh on the precious metal. Comex gold futures were down 1.08% at $1,341.6 a troy ounce by 08:00 a.m. ET (12:00 GMT), the lowest since February 14. The greenback remained supported against other major currencies despite U.S. deficit worries. The U.S. deficit is projected projected to climb near $1 trillion in 2019 following the recent announcement of infrastructure spending and large corporate tax cuts.
  • Crude oil prices were mixed on Tuesday, as reduced supplies from Canada boosted demand for U.S. oil futures, while the Brent contract remained lower although optimism over the rebalancing of the market persisted. The U.S. West Texas Intermediate crude April contract was little changed at $61.55 a barrel by 10:00 a.m. ET (14:00 GMT), just off a two-week high of $62.64 hit overnight
  • Natural gas futures were higher on Tuesday, moving further away from their lowest levels in almost two years set last week, as updated weather forecasting models showed a return to colder weather over the eastern U.S. during the first week of March. Front-month U.S. natural gas futures climbed 7.0 cents, or around 2.8%, to $2.628 per million British thermal units (btu) by 8:20AM ET (1320GMT).


  • South Africa’s new President Cyril Ramaphosa must quickly show international investors his government can implement reforms to take advantage of a weak dollar and growth in China, according to Citi’s head of emerging markets. The crucial period starts with Wednesday’s annual budget and runs until elections, due next year, Citi’s David Lubin told Reuters.
  • The normalization of monetary policy in the euro zone must go hand in hand with economic recovery, Spanish Economy Minister and soon-to-be European Central Bank Vice President Luis de Guindos said on Tuesday. De Guindos was chosen to take over from Portugal’s Vitor Constancio as the ECB’s second in command in June by euro zone finance ministers on Monday.
  • Investors should brace for a possible replay of the 1987 stock market crash later this year, given this month’s slump came against the backdrop of Federal Reserve interest rate hikes and rising inflation, Scott Minerd, Global Chief Investment Officer at Guggenheim Partners, said on Tuesday. “Eventually the Fed will acknowledge that three rate hikes will not be enough, but it is going to raise rates four times in 2018, and market speculation will increase that there may be a need for five or six rate hikes. That will be the straw that breaks the camel’s back,” Minerd said in a note to clients.



Singapore stock market on Monday afternoon enters in higher ground, STI at 3,477.59

SINGAPORE stock market continued exchanging on Monday evening in a positive area with the Straits Times Index at 3,477.59, progressing 34.08 focuses or one for each penny on the day as at 1.13pm.

Against the benchmark’s level of 3,490 heading into the noontime break, notwithstanding, the file was around 12 focuses or 0.36 for each penny.

Around 677.2 million offers worth S$611.5 million altogether changed hands.

stock gain


Gainers dwarfed failures 322 to 81.

The most effectively exchanged counters were Marco Polo Marine, which rose 4.9 for each penny, or 0.2 Singapore penny to S$0.043 with 67 million offers exchanged; and Rowsley which was up 3.5 for each penny, or 0.4 Singapore penny to S$0.118 with 45 million offers exchanged.

Other dynamic file stocks included Singtel which rose 2.7 for each penny to S$3.42; and Genting Singapore which rose 1.6 for every penny to S$1.26.

2 Must Stock to add in your portfolio :

The worldwide securities exchange endured its most noticeably awful week since the worldwide money related emergency in 2008. All things considered, when Wall Street wheezes, whatever remains of the world comes down with a bug. Following a misfortune in speculator certainty on Wall Street, Asian markets tumbled over the previous week. Not withstanding when markets recuperated the next day, it wasn’t sufficient to cover what was lost the earlier day.

Genting Singapore: CIMB has set its target price for Genting Singapore at 9 times FY19 EV/EBITDA. In view of authentic execution, CIMB’s target price is set to close at – 1 standard deviation of its 6-year normal. CIMB features that cautious credit slackening in its VIP business will lift general gross gaming income this year.

ST Engineering: ST Engineering’s companion SIA Engineering as of late observed its income beat accord gauge. As indicated by CIMB, this could be an early sign of returning motor upkeep, repair and update (MRO) slant. Given ST Engineering’s presentation to the CFM motors for limit body airship, ST Engineering could likewise beat accord profit estimate.





                                                                                  Comex Gold Signal




  • Gold prices turned lower on Wednesday, as the release of strong U.S. inflation data sent the greenback broadly higher. Comex gold futures were down 0.50% at $1,323.6 a troy ounce by 08:40 a.m. ET (12:40 GMT), off a one-week high of $1,339.4 hit earlier in the day. The U.S. Commerce Department said consumer prices rose more than expected in January by 0.5%. Year-over-year, consumer prices increased 2.1% last month a year earlier, beating expectations for a gain of 1.9%.
  • Natural gas futures were under pressure again on Wednesday, falling back towards their lowest level in almost two years amid speculation the end of the winter heating season will bring warmer temperatures throughout the U.S. and cut into demand for the fuel. Front-month U.S. natural gas futures slumped 3.2 cents, or around 1.2%, to $2.562 per million British thermal units (btu) by 9:05AM ET (1405GMT).
  • Penguins, Royal Dutch Shell’s (L:RDSa) latest oil and gas development in a remote corner of the British North Sea, epitomizes the new doctrine for deepwater projects — keep it cheap and simple. Shunned during the oil price crash of 2014-2016, deepwater projects are being embraced again, a challenge to the surge in onshore U.S. shale output. Penguins, the first new major deepwater project this year, will rejuvenate the 44-year-old field by drilling 8 new wells 165 meters (541 feet) underwater and connecting them to a new production vessel.


  • U.S. House of Representatives Speaker Paul Ryan said on Wednesday his chamber “clearly” must address legislation next month to deal with young, undocumented immigrants who face deportation after President Donald Trump announced an end to a program providing them temporary protections. In remarks to reporters, Ryan said Trump “did a very good job of putting a sincere offer on the table” to broadly change U.S. immigration laws and “that should be a framework” for legislation. That proposal, however, is opposed by many Democrats.
  • A fairly strong inflation report released on Wednesday pushed up market expectations that the Federal Reserve could accelerate plans to remove accommodative monetary policy this year. The consumer price index (CPI) for January increased by 0.5% from the prior month, beating expectations for a gain of just 0.3%. Annual headline inflation held steady at growth of 2.1%, surprising the consensus that had expected a drop to 1.9%.
  • The German chamber of commerce said on Wednesday that U.S. import tariffs on steel could trigger a trade war with major trading partners, which analysts say could cut growth in Europe’s largest economy by up to 1 percentage point. U.S. President Donald Trump said on Tuesday he was considering a range of options to address steel and aluminum imports that he said were unfairly hurting U.S. producers, including tariffs and quotas. Trump’s comments were the strongest signal in months that he will take at least some action to restrict imports of the two metals, delivering on his election pledge to put America first and protect U.S. workers from increased foreign competition.




GBP/USD upside is seen as corrective

“GBP/USD is seeing a minor close term recuperation, this is seen as restorative just while the rally is topped by 1.4011/67 (6 th February high and 20 day mama). While topped here consideration is on the 1.3658 September top. Key medium term bolster is the 1.3399 2016-2018 uptrend. We keep on viewing 1.4345 as a break top for the market and search for promote shortcoming”.

“Over 1.4400, the April 2015 low can be seen at 1.4568”




Singapore stock market open higher on Wednesday; STI up 0.6%

SINGAPORE stocks market opened higher on Wednesday, with the Straits Times Index progressing 0.6 for each penny, or 19.21 focuses on 3,434.28 as at 9.01am.

This came as Wall Street bounced back by the end ringer to post strong increases overnight, shutting in a positive area for the third straight session.

On the Singapore bourse, around 52.7 million offers worth S$109.3 million changed hands. Gainers dwarfed washouts 91 to 34.


Stocks to watch: OCBC, UOB, SIA, Comfort DelGro, Marco Polo Marine

The accompanying organizations saw new advancements that may influence exchanging of their offers on Wednesday (Feb 14):

Oversea-Chinese Banking Corporation (OCBC): OCBC Bank enrolled a net benefit of S$1.03 billion for the final quarter finished Dec 31, 31 for each penny higher than its year-prior benefit of S$789 million. For the entire year 2017, net benefit rose 19 for every penny to S$4.15 billion. OCBC said it saw maintained development energy over the gathering’s three business columns: keeping the money, riches administration, and protection organizations. The board has proposed a last duty excluded profit of 19 Singapore pennies for every offer, an expansion from 18 Singapore pennies the earlier year, bringing the FY17 add up to profit to 37 Singapore pennies for each offer.

United Overseas Bank (UOB): UOB on Wednesday announced a 16 for each penny ascend in its final quarter net benefit to S$855 million, principally because of an expansion in net premium wage, charge and commission salary and net exchanging pay. The expansion was halfway counterbalanced by higher working costs and stipends. The bank is suggesting a last profit of 45 Singapore pennies for each offer, and a unique profit of 20 Singapore pennies for every offer. For the entire year 2017, net benefit rose 9 for every penny to S$3.39 billion.

“To get more recommendations on Singapore stocks market and trading tips , Add me on WhatsApp :+917312580637 .”







  • Crude oil prices continued to climb on Monday, as the market continued to recover from the previous week’s steep losses and investors turned their attention to the upcoming U.S. supply data. The U.S. West Texas Intermediate crude March contract was up 81 cents or about 1.37% at $60.01 a barrel by 04:00 a.m. ET (08:00 GMT), off Friday’s one-and-a-half month low of $59.20.
  • Natural gas futures started the week off in negative territory on Monday, falling to its lowest level in almost two years amid speculation the end of the winter heating season will bring warmer temperatures throughout the U.S. and cut into demand for the fuel. Front-month U.S. natural gas futures slumped 3.0 cents, or around 1.2%, to $2.554 per million British thermal units (btu) by 9:05AM ET (1405GMT).
  • Gold prices pared gains on Monday, but the precious metal remained supported as sentiment on the greenback became more vulnerable ahead of this week’s highly-anticipated U.S. inflation data. Comex gold futures were up 0.42% at $1,321.1 a troy ounce by 08:15 a.m. ET (12:15 GMT), after climbing to $1,328.8 earlier in the day. Market participants were eyeing this week’s U.S. inflation data for further clues on how fast the Federal Reserve will raise interest rates this year.


  • President Donald Trump will unveil his second budget on Monday, seeking to make good on his promise to bolster military spending and requesting funds for infrastructure, construction of a wall along the border with Mexico and opioid treatment programs. The budget plan, which is viewed largely as suggestions by Congress, which has the constitutional authority to decide spending levels, will likely draw criticism from conservatives who worry that Republicans are embracing deficit spending.
  • Saudi Arabia has ordered an inventory of all delayed payments to the private sector, state news agency SPA said on Monday, citing a royal decree. The decree urged a quick resolution of outstanding payments. It will also establish a committee headed by the trade and investment minister in charge of gathering data on payment delays to private sector contractors. The committee will look into reasons for the delays and come up with solutions for speedy repayment
  • The European Union will have to cut spending in nearly all areas to deal with the gap that net contributor Britain leaves after its departure, Budget Commissioner Guenther Oettinger said on Monday. Britain’s exit in March next year will deprive Brussels of some 12 billion euros from an annual budget running around 140 billion euros. “Brexit will lead to a smaller budget. That is why we have to reduce spending moderately but notably at almost all our programs,” Oettinger told a news conference in Vienna.




Singapore stocks continue Monday evening exchanging on higher ground; STI at 3,392.08

SINGAPORE stocks continued exchanging on Monday evening in a positive area with the Straits Times Index at 3,392.08, up 0.4 for each penny or 14.84 focuses on the day as at 1pm.

Against the benchmark’s level of 3,391.17 heading into the late morning break, the record was up hardly by 0.91 point, or 0.02 for every penny.


Around 1.17 billion offers worth S$793.2 million altogether changed hands.

Gainers dwarfed failures 219 to 172.

The most effectively exchanged counter were Allied Technologies, which rose 3 for each penny, or 0.2 Singapore penny to 6.9 Singapore pennies with 50.6 million offers exchanged; and Jiutian Chemical which was up 1.7 for every penny, or 0.1 Singapore penny to six Singapore pennies with 37.4 million offers exchanged.

Other dynamic record stocks included SGX which was down 6.6 for each penny to S$7.37; and DBS which fell 1.8 for each penny to S$27.20.

Singapore to open exchanging Indian items according to typical 

In its proceeding with affirmations to merchants, Singapore Exchange today said its whole India suite of items, including Nifty, will open and work per typical tomorrow. The SGX repeated and consoled global merchants of its Indian item exchange from tomorrow.

This comes after the Indian Exchanges on February 9 reported a choice to stop the business permitting of their records and market information with various outside trades and different business accomplices. “SGX wishes to guarantee advertise members that we will take all measures to keep up precise exchanging and clearing of SGX India value subordinates for our worldwide customers,” the Singapore bourse said in an announcement today.

“The market for our whole India suite of items including Nifty will open and work per typical on Monday, 12 February 2018. Our permit concurrence with NSE will guarantee the congruity of posting and exchanging our Nifty suite of subordinate items till August 2018 at the very least,” said SGX in the announcement.

As Asia’s driving danger administration focus and clearing house, worldwide market members depend on SGX to get to various markets and resource classes around the district, said the announcement. “We are resolved to give an industrially feasible suite of answers for our customers to deal with their portfolio hazards effectively crosswise over business sectors and time-zones,” it explained.

The SGX said it will create and dispatch new India-get to hazard administration answers for permit worldwide members in SGX India value record group of subsidiary items, to execute their speculation exercises with congruity. The subtle elements will be declared in the blink of an eye. “SGX and NSE (National Stock Exchagne) are long haul accomplices and have teamed up since 2000 to create and internationalize India’s capital markets,” focused on the announcement.

The SGX said it will work together with NSE towards answers for worldwide speculators, including creating arrangements from NSE’s International Exchange (NSE IFSC Limited) in Gujarat International Finance Tech (GIFT) city — International Financial Services Center. “The end of this permit isn’t relied upon to have any material effect on SGX’s quick budgetary outcomes. Our item improvement endeavors point by point above will bolster the conveyance of longer term monetary outcomes,” said the trade.

“To get more recommendations on Singapore stocks market and trading tips , Add me on WhatsApp :+917312580637 .”



Comex Gold Signal

Comex Gold Signal




  • Gold prices bounced off a one-month low on Thursday, as the U.S. dollar retreated despite the release of upbeat jobless claims data and news the U.S. government averted a shutdown. Comex gold futures were up 0.17% at $1,316.70 a troy ounce by 08:55 a.m. ET (12:55 GMT), off a one-month trough of $1,309.20 hit earlier in the day. The U.S. Department of Labor reported on Thursday that the number of Americans filing for unemployment benefits unexpectedly fell last week, dropping to its lowest level in nearly 45 years.
  • Environmental activists in California on Thursday plan to protest a Trump Administration proposal to vastly increase offshore oil drilling in the United States. The protest was planned to immediately precede a public meeting by the U.S. Interior Department’s Bureau of Ocean Energy Management in Sacramento, where officials will be available to talk with members of the public about the proposed drilling expansion and help them submit public comments.
  • The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. fell by 119 billion cubic feet in the week ended February 2, while analysts had forecast a decline of 116 billion. That compared with a draw of 99 billion cubic feet (bcf) in the preceding week and represented a decline of 503 billion from a year earlier and was also 393 bcf below the five-year average. Total U.S.


  • Minneapolis Federal Reserve Bank President Neel Kashkari told a town hall in Pierre, South Dakota that he does not think the Federal Reserve should raise interest rates unless wages and inflation start to take off, and that the U.S. economy is a “long way” from that. With wage growth slow and inflation below the Fed’s 2-percent target, “Why cool the economy down?” asked Kashkari on Thursday.
  • The U.S. Senate and House of Representatives were expected to vote on a proposed budget deal on Thursday that would avert another government shutdown but that has angered fiscal conservatives who complain it would lead to a $1 trillion deficit. The plan to keep the government operating and to increase spending over the next two years faced resistance from the right wing of the Republican Party, which favors less spending on government. At the same time, many liberal Democrats wanted to withhold their support as leverage to win concessions on immigration policy.
  • In the not-so-olden days of a few years ago, relatives might have sifted through stacks of documents to sort out your affairs after you died. These days, much of your presence in this world is floating around in the cloud: email, online drives, social media. Even your financial accounts are probably paperless at this point. To give your family access to your accounts after you die, you need to do some work in advance, leaving instructions in your will for everything from access to your Face book (NASDAQ:FB) page to how to redeem your Cryptocurrency.


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