Singapore Stock Market Opens Lower On Thursday

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Singapore Stock Market Opens Lower On Thursday

By Vivien Chia on October 22, 2009 | More Posts By Vivien Chia | Author's Website

Singapore Market went soft today and opened low at 2685.41. We are observing the overall market performance now before we can identify the focus for today.

News Updates:

Japan’s exports edged lower for the third consecutive month in September as a rising yen weighs on overseas shipments and as a rebound driven by global stimulus spending and the stocking of inventories starts to wane. As a result, Japan’s Nikkei average fell 0.8% today, dented by exporter shares such as Advantest Corp after US stocks slipped on a late sell-off in financial shares.
WASHINGTON - The International Monetary Fund said on Wednesday it was readying US$167.4 million in aid to Iceland, a second loan installment for the recession-stricken country

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	CATL	Capitaland	4.18	4.00		4.36	Please watch out on how share is going to trade.
2	SPRM	Singapore Press Holdings	4.00	3.88		4.12	lookout near breakout pt
3	SCMN	Sembcorp Marine	3.62	3.38		3.86	Lookout
4	UEL	United Engineer	1.82	1.69		1.95	Resistance at 1.88
5	SIAT	Singapore Airport Terminal Services	2.59	2.44		2.74
6	LIAS	Lion Asiapac	0.38	0.345		0.415
7	NOBG	Noble Group	2.71	2.59		2.83
8	IFAR	Indofood Agri Resources	1.82	1.71		1.93
9	RAMB	Ramba Energy	0.755	0.685		0.825
10	NOHL	Novena Holdings	0.22	0.18		0.26
11	STEG	ST Engineering	2.89	2.73	2.82	3.03	Overnight - Current Price at 2.94

Stock Prices last updated at 9:30 (Singapore Time)

Here’s Our Mid Term Holding Opportunities for property shares.

Fraser & Neave - Buy at 4.02, Stop Loss at 3.76
Allgreen Properties - Buy at 1.21, Stop Loss at 1.04
City Development - Buy at 10.50, Stop Loss at 9.55
Wing Tai Holdings - Buy at 1.75, Stop Loss at 1.55
Ezra - Buy at 2.08, Stop Loss at 1.66
Lookout for Keppel Corp

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