Singapore Stock Market Updates: Focus Still On REITs

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Singapore Stock Market Updates: Focus Still On REITs

By Vivien Chia on September 23, 2009 | More Posts By Vivien Chia | Author's Website

Morning Highlights

Our Focus For Today is still on REIT Sector

The STI gapped up and opened at 2,693.56. Index tried to test the 2700 points again but failed. Currently is trading above the support range between 2661.39 - 2676.05

Among the individual shares that trades higher,

Oceanus broke high of 0.39 - wait for setups
Richland broke high of 0.545 - wait for setups
Wilmar touched high of 6.96

As the Singapore Market displays uncertainly, we advise to stay on the sideline first, watch existing open trades and trail the profits accordingly.

Latest News:

Asia stock markets swing into negative ground

Quick Picks: Here is a quick pick screen that we have designed to pick out potential stocks, both Bullish and Bearish. These are measured with emphasis on larger changes in price and volume. <The Quick Picks referred herein contain overnight positions from Yesterday>

Bullish Stocks (Singapore)

	Symbol	Name	Entry	SL	TSL	TP	Remarks
1	BENK	Beng Kuan Marine	0.365	0.31		0.42
2	HBEE	Ho Bee Investment	1.60	1.34		1.86	To enter as Market Order
3	SITT	Sinotel Technologies Ltd	0.725	0.66		0.79
4	SINW	Sinwa Ltd	0.495	0.44		0.55
5	INTK	Innotek Ltd	0.505	0.445		0.565
6	SUNT	Suntec REIT	1.15	1.07		1.23
7	AEMN	Ascott REIT	1.02	0.99		1.05
8	OKPH	OKP Holdings Ltd	0.80	0.72	0.74	0.88	Overnight - Current Price at 0.865
9	KPLM	Keppel Corp Ltd	8.28	7.90		8.66	Overnight - Current Price at 8.48
10	DESS	Design Studio	0.595	0.525	0.565	0.665	Overnight - Current Price at 0.61
11	UNIT	United Envirotech Ltd	0.32	0.27	0.40	0.37	Overnight - Current Price at 0.435
12	DMXT	DMX Technologies Group Ltd	0.53	0.45		0.61	Overnight - Current Price at 0.505
13	MTHL	Metro Holdings Ltd					Broke high of 0.7 - lookout for setups
14	TECH	Technics Old & Gas Ltd	0.625	0.58		0.73

Stock Prices last updated at 10.02 (Singapore Time)

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