Singapore Stock Market Updates: Focus On Small & Mid Caps

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Singapore Stock Market Updates: Focus On Small & Mid Caps

By Vivien Chia on October 14, 2009 | More Posts By Vivien Chia | Author's Website

Morning Highlights

Our Focus For Today Is Still On Small & Mid Caps

STI opened 5.14points higher than yesterday’s close. There are a few blue chips breaking its high but sector remain weak.

U.S. News Updates

US shares opened mixed on Tuesday with investors pausing to digest gains from a recent rally and awaiting a wave or corporate earnings reports.

The consumer confidence fell in October, and after months of fluctuations in sentiment, further negative pressure caused by mounting unemployment could hurt consumer spending, a research group said on Tuesday.

Investor’s Business Daily and TechnoMetrica Market Intelligence said their IBD/TIPP Economic Optimism Index slipped to 48.7 in October from 52.5 in September. (Business Times)

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	SIAT	Singapore Airport Terminal Services	2.59	2.44		2.74
2	TRDR	Trump Dragon	0.725	0.675		0.775
3	UEL	United Engineer	1.82	1.69		1.95
4	HKLD	Hong Kong Land	4.75	4.63		4.87

Bearish Stocks (Singapore)

	Symbol	Name	Entry	SL	TSL	TP	Remarks
1	FRNM	Fraser & Neave	3.81	3.93		3.69	Overnight - Current Price at 3.88
2	STAR	Starhub Ltd	1.93	2.04		1.82
3	CTDM	City Development	9.69	9.99		9.39
4	WTH	Wing Tai Holdings	1.56	1.21		1.91
5		Mandarin Oriental	1.23	1.31		1.15
6	ECSH	ECS Holdings	0.445	0.50		0.39
7	CRCT	CapitaRetail China Trust	1.14	1.21		1.07
8	BANY	Banyan Tree	0.815	0.86		0.77
9	SINO	Sinomem Technology	0.55	0.62		0.48
10	TAT	Tat Hong Holdings	0.985	1.07		0.90
11	LOHO	Longcheer	0.515	0.56		0.47
12	CHNM	China Milk	0.455	0.495		0.415
13	JAYA	Jaya Holdings	0.41	0.445		0.375

Stock Prices last updated at 9.10 (Singapore Time)

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