Singapore Bourse May Stop The Bleeding On Tuesday

RTTNews | 961 дней спустя
Singapore Bourse May Stop The Bleeding On Tuesday

(RTTNews) - The Singapore stock market has finished lower in eight straight sessions, sinking more than 135 points or 4.4 percent to a fresh 19-month closing low. The Straits Times Index now rests just above the 3,015-point plateau although it may finally find support on Tuesday.

The global forecast for the Asian markets is upbeat on bargain hunting after several days of volatility and heavy selling, while stability in the bond markets adds to the positive sentiment. The European and U.S. markets were up and the Asian bourses are tipped to open in similar fashion.

The STI finished modestly lower again on Monday following losses from the financial shares and mixed performances from the property and industrial companies.

For the day, the index dropped 23.86 points or 0.78 percent to close at 3,015.75 after trading between 2,991.05 and 3,032.80. Volume was 1.8 billion shares worth 1.4 billion Singapore dollars. There were 328 decliners and 217 gainers.

Among the actives, Ascendas REIT rose 0.38 percent, while City Developments gained 0.40 percent, DBS Group tanked 2.02 percent, Hongkong Land plunged 2.03 percent, Keppel Corp was up 0.15 percent, Mapletree Pan Asia Commercial Trust added 0.61 percent, Mapletree Industrial Trust climbed 0.88 percent, Mapletree Logistics Trust advanced 0.68 percent, Oversea-Chinese Banking Corporation declined 1.03 percent, SATS fell 0.37 percent, Singapore Technologies Engineering slumped 0.62 percent, SingTel dropped 0.44 percent, Thai Beverage surged 3.54 percent, United Overseas Bank retreated 0.65 percent, Wilmar International skidded 0.57 percent, Yangzijiang Financial tumbled 1.43 percent, Yangzijiang Shipbuilding plummeted 2.56 percent and Emperador, Genting Singapore, Comfort DelGro, CapitaLand Integrated Commercial Trust, CapitaLand Investment, SembCorp Industries and Keppel DC REIT were unchanged.

The lead from Wall Street is broadly positive as the major averages opened sharply higher on Monday and stayed that way throughout the session.

The Dow surged 550.99 points or 1.86 percent to finish at 30,185.82, while the NASDAQ soared 354.41 points or 3.43 percent to end at 10.675.80 and the S&P 500 jumped 94.88 points or 2.65 percent to close at 3,677.95.

An early pullback by treasury yields fueled the buying interest, although yields regained ground over the course of the session. The markets also benefitted from strong earnings news from financial giant Bank of America (BAC).

The strength also followed news that the U.K. government is reversing course on previously announced fiscal plans that contributed to turmoil in the global bond markets.

In economic news, the Federal Reserve Bank of New York reported that regional manufacturing activity contracted more than expected in October.

Crude oil futures slumped on Monday, extending losses from the previous session as worries about a recession weighed on the outlook for energy demand and pushed down oil prices. West Texas Intermediate Crude oil futures for November eased $0.15 or 0.2 percent at $85.46 a barrel.

read more
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese market is trading modestly lower on Thursday, reversing some of the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 37,650 level, with weakness in automakers, exporters and financial stocks partially offset by gains in technology stocks.
RTTNews | 10 минут назад
Higher Open Tipped For Indonesia Stock Market

Higher Open Tipped For Indonesia Stock Market

The Indonesia stock market on Wednesday snapped the three-day slide in which it had dropped more than 150 points or 2.2 percent. The Jakarta Composite Index now rests just beneath the 7,070-point plateau and it's expected to open to the upside again on Thursday.
RTTNews | 16 минут назад
Win Streak May Continue For Hong Kong Stock Market

Win Streak May Continue For Hong Kong Stock Market

The Hong Kong stock market has moved higher in back-to-back sessions, accelerating almost 500 points or 2.4 percent along the way. The Hang Seng Index now sits just above the 23,650-point plateau and it's expected to open in the green again on Thursday,
RTTNews | 31 минут назад
Australian Market Modestly Higher

Australian Market Modestly Higher

The Australian market is trading modestly higher on Thursday, extending the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,550 level, with gains iron ore miners and technology stocks partially offset by weakness in energy stocks.
RTTNews | 45 минут назад
China Stock Market May Extend Its Gains On Thursday

China Stock Market May Extend Its Gains On Thursday

The China stock market has finished higher in two straight sessions, advancing almost 30 points or 0.9 percent along the way. The Shanghai Composite Index now sits just above the 3,375-point plateau and it may tick higher again on Thursday.
RTTNews | 46 минут назад
Taiwan Bourse May See Additional Support

Taiwan Bourse May See Additional Support

The Taiwan stock market has moved higher in back-to-back sessions, accelerating almost 620 points or 2.9 percent along the way. The Taiwan Stock Exchange now sits just beneath the 21,620-point plateau and it may add to its winnings on Thursday.
RTTNews | 1ч 16мин назад
Win Streak May Continue For Singapore Stock Market

Win Streak May Continue For Singapore Stock Market

The Singapore stock market has climbed higher in two straight sessions, collecting almost 15 points or 0.4 percent along the way. The Straits Times Index now sits just above the 3,900-point plateau and it may extend its gains on Thursday.
RTTNews | 1ч 46мин назад
Malaysia Stock Market May Add To Its Winnings

Malaysia Stock Market May Add To Its Winnings

The Malaysia stock market on Wednesday ended the six-day losing streak in which it had slipped more than 30 points or 2.1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,510-point plateau and it's expected to open to the upside again on Thursday.
RTTNews | 2ч 16мин назад