Singapore Shares Continue To Edge Lower, Dragged By Losses On Wall Street

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Singapore Shares Continue To Edge Lower, Dragged By Losses On Wall Street

By Vivien Chia on September 25, 2009 | More Posts By Vivien Chia | Author's Website

Wall Street losses sent Singapore Stocks to kick off on a negative note this morning. The Straits Times Index dropped 23.67 points or 0.89 % to 2643.76 at Today’s Open, in response to unexpected drop in U.S. home sales and sharp falls in metals and energy prices.

Here is a list of STOCKS that breakouts today,

China Fish broke high of 1.39 - wait for setups
Hong Kong Land broke high of 4.26 - wait for setups

News Updates: (source from MSNBC)

G-20 taking on permanent coordinating role - Group of 20 nations will assume the role of a permanent council on global economic cooperation.
U.S. home resales decline 2.7% last month after a four month streak of gains, providing evidence that the housing market recovery remains fragile.
Oil prices fell sharply for a second straight day as growing supplies of crude, gasoline and heating oil exposed how badly the recession has cut into energy demand.

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	INTK	Innotek Ltd	0.505	0.445		0.565
2	SUNT	Suntec REIT	1.15	1.07		1.23	Cancelled due to big retracement
3	CMIT	Cambridge Industrial Trust	0.48	0.45		0.51
4	AEMN	Ascendas REIT	1.95	1.79		2.11
5	CDLT	CDL Hospitality Trusts	1.54	1.47		1.61
6	FEGL	Falcon Energy Group Ltd	0.965	0.86		1.07
7	FJBN	FJ Benjamin Holdings Ltd	0.365	0.325		0.405
8	SINW	Sinwa Ltd	0.495	0.44		0.55
9	ASRT	Ascott Residence Trust	1.02	0.99		1.05
10	CACT	CapitaCommercial Trust	1.07	0.99		1.15
11	CHOF	CH Offshore	0.735	0.70		0.77
12	STHL	Starhill Global REIT	0.625	0.59		0.66
13	MMPC	Mermaid Maritime	1.26	1.10		1.42
14	RAMB	Ramba Energy Ltd	0.635	0.475		0.795
15	EZRA	Ezra Holdings Ltd	2.06	1.95		2.17	Overnight - Current Price at 1.99
16	FNON.SI	Financial One Corp	0.42	0.34	0.374	0.50	Overnight - Current Price at 0.565
17	BENK	Beng Kuang Marine	0.365	0.31		0.42	PROFIT - CLOSED at 0.38
18	HBEE	Ho Bee Investment	1.60	1.34		1.86	To enter as Market Order
19	SITT	Sinotel Technologies Ltd	0.725	0.66		0.79	Overnight - Current Price at 0.71
20	OKPH	OKP Holdings Ltd	0.80	0.72	0.74	0.88	Took Half Profit at 0.95 Current Price at 0.93
21	KPLM	Keppel Corp Ltd	8.28	7.90		8.66	Overnight - Current Price at 8.26
22	DMXT	DMX Technologies Group Ltd	0.53	0.45		0.61	Overnight - Current Price at 0.53

Stock Prices last updated at 10.47 (Singapore Time)

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