Wednesday, July 10, 2019

Singapore stocks: STI resumes Wednesday afternoon at 3,346.79, up 0.52% on day

SINGAPORE stocks continued where their morning gains left off as trading resumed on Wednesday afternoon, tracking other Asian equities that were also in the green.

The Straits Times Index advanced 0.52 per cent or 17.33 points on the day to 3,346.79 as at 1.04pm.

Gainers outnumbered losers 179 to 127, after 629.7 million securities worth S$449.8 million changed hands.

Some of the bourse's smaller stocks were the most heavily traded by volume. Asian Pay Television Trust advanced S$0.019 or 10.9 per cent to S$0.193 with 51 million shares traded, while FJ Benjamin gained S$0.006 or 16.7 per cent to S$0.042 with 19.5 million shares traded.

Cordlife also made an appearance on the most traded list, gaining S$0.07 or 13.6 per cent to S$0.585 with 17.3 million shares changing hands.

Singtel remained one of the most active index stocks, trading up S$0.04 or 1.2 per cent to S$3.50.

The three local banks continued to advance on Wednesday, with DBS up S$0.12 or 0.5 per cent to S$25.44, UOB rising S$0.31 or 1.2 per cent to S$26.53, and OCBC gaining S$0.09 or 0.8 per cent to S$11.49.

Asian markets mostly rose on Wednesday after two days of losses with investors focusing on a US congressional testimony by Federal Reserve chief Jerome Powell.

Other Asian markets were mostly up with Hong Kong up 0.4 per cent, Sydney rising 0.6 per cent, and Seoul rising 0.4 per cent.

Wellington jumped 0.6 per cent, Taipei gained 0.5 per cent, while Manila and Jakarta were also up.

Shanghai added 0.1 per cent, but struggled for traction after data showed June factory prices were unchanged from a year ago and fell from the previous month, hit by the US trade war.

Tokyo lagged behind its Asian counterparts, ending the morning slightly lower.

Friday, June 28, 2019

G20 Summit in Osaka Japan, Rising Trade Tensions

“The Osaka Track,” Leaders’ Special Event on Digital Economy

The G20 Osaka Summit is slated to be the largest meeting of its kind in Japan, welcoming representatives from 37 countries and organizations from around the world, and Osaka is proud to host such an historic event.

Had a busy and eventful first day at the G20 Summit in Osaka, Japan. The meeting brings together leaders from the 19 countries with the largest and fastest growing economies, and the G20 countries make up some 80% of the world’s GDP.

With rising trade tensions, it is all the more important for the G20 to maintain and strengthen the rules-based international order, which has allowed all countries, big or small, to prosper.

PM Lee Hsien Loong spoke on this, reiterating that while multilateralism is far from perfect today, we should strengthen its foundations. Otherwise, the global economy will be divided into rival blocs, and we will all be poorer off. This has also been a key focus area for this G20 Summit, as outlined by Japanese Prime Minister Shinzo Abe.

The G20 Summit also presents an opportunity to discuss global issues and strengthen ties. I signed an agreement with Asian Development Bank (ADB) President Takehiko Nakao today on the sidelines of the G20 summit. The agreement will see the ADB set up an office in Singapore to support the expansion of its private sector operations. This will allow Singapore to serve as a catalyst for the ADB to attract private capital to close the infrastructure gap in the region, and contribute to the global infrastructure effort in Asia. I thanked ADB President Nakao for personally leading this.

Also spoke at the G20 Joint Session of Finance and Health Ministers. We had a good discussion on how to manage increasing healthcare costs due to ageing populations around the world. I highlighted that Finance and Health Ministers have the responsibility of structuring their healthcare systems well, managing costs, and delivering the best outcomes for every dollar spent. There is much that countries can learn from one another in this area.

visit the official page, & stay tuned!!  https://g20.org

Monday, June 17, 2019

Singapore ComfortDelGro Stock Signals 17 June 2019


SGX BTST Stock Signals   

BUY ComfortDelGro AT 2.57 TARGET 2.69 2.82 SL 2.44 CMP 2.570

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Wednesday, June 12, 2019

SGX: SINGTEL STOCK SIGNALS 12 June 2019

SGX Daily Stock Signals: Singapore Telecommunications Limited  

BUY Singtel ABOVE 3.31
TARGET 3.476 3.707
SL BELOW 3.144
CMP 3.31


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