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The Business Times Online Edition - Singapore

Total news: 291
Last news: 21 hours 58 minutes ago

THE school holidays have begun and, going by the subdued activity of the past few days, scores of brokers, punters and investors have either gone on leave or are wishing theyd gone on holiday. - [Read more]

UOB shares were slammed down during the final seconds of trading on Friday, so it probably came as no surprise that UOB was yesterdays top gainer with a 70-cent bounce to $19.64. Unfortunately, it was virtually the only gainer of any note, while the rest of the market drifted lower in thin volume, weighed down by oil-related selling that yesterday sent Hong Kongs Hang Seng Index diving about 2.4 per cent. - [Read more]

EVEN the most bullish of investors would have to admit that last weeks drop was not entirely unexpected - since bottoming at 2,792 on March 17, the Straits Times Index had bounced 449 points or 16 per cent to 3,241 by the start of the week, so some pullback could reasonably be expected. - [Read more]

IT HASNT been a factor for several months but this week, oil has popped up as a major reason to sell stocks. - [Read more]

THESE days, trading the stock market is more about trying to anticipate Wall Streets future movements rather than reacting to how Wall Street did the night before. - [Read more]

BLUECHIP stocks here fell yesterday, after sharp losses in US markets on inflation fears stoked by surging oil prices and hints that the US Federal Reserve would stop cutting interest rates for now. - [Read more]

JADE Technologies provided the main excitement in a session that saw widespread weakness following a sudden downturn in Hong Kong and the rest of Asia. - [Read more]

LAST weeks column asked the question as to whether the worst is over and the conclusion was that although credit conditions must have improved, economic fundamentals have not - at least not yet. - [Read more]

THERE were no violent moves in stocks this week, only a gradual creeping upwards of blue chips, suggesting confidence is slowly returning. - [Read more]

THE fortunes of the broad market yesterday were once again dependent on the familiar combination of external and internal factors - Hong Kongs gyrations provided the main outside influence, while reported earnings provided the main inside force, with or without accompanying analyst reports. - [Read more]

IT MIGHT appear somewhat simplistic to say that the weakness in the local stock market yesterday was a consequence of the weakness in Hong Kong, but sometimes, when all other explanations are exhausted, the simplest one is the best. - [Read more]

THE closure of Hong Kong for a public holiday yesterday meant that traders found themselves dozing off at their terminals while looking for inspiration from other avenues, the main one being the US futures market. As a result, a 40-point bounce in the June contract on the Dow Jones Industrial Average was probably the main motivating force behind an 18.13-point rise in the Straits Times Index to 3,180.16, after the index lost about 74 points last week. - [Read more]

STOCKS fell yesterday, dragged down by banks and other blue-chip firms amid renewed worries over the impact of slowing economic growth, rising costs and market volatility on their short-term prospects. - [Read more]

AS THE Hang Seng goes, so goes the Straits Times Index (STI). Or as one dealer put it yesterday: We have no backbone of our own. Everything depends on Hong Kong. - [Read more]

THE trade in May and stay in play theme highlighted in yesterdays column might quite legitimately be modified to include track Hong Kong during the day and stick to blue chips and dont stray too far away. - [Read more]

IF this has been a bear market rally, it will certainly go down in history as one of the strongest - since a closing low of 2,792 on March 17, the Straits Times Index has risen 444 points or 16 per cent to Fridays close of 3,236. - [Read more]

THE US Federal Open Market Committee (FOMC) meeting, rising oil prices, a weak US economy and high commodity prices were the main macro factors at play this week. - [Read more]

WILL the US Federal Reserve cut its short- term funds rate by the expected 25 basis points at its Wednesday Federal Open Market Committee meeting? - [Read more]

TRADING in the local market yesterday crawled to a virtual standstill ahead of todays US Federal Open Markets Committee meeting and Thursdays Labour Day holiday. - [Read more]

THE market axiom sell in May and go away sprang to mind when observing yesterdays session in the local stock market, as prices weakened in one of the slowest trading days in the past two weeks - the broad market, excluding warrants, recorded 190 rises versus 225 falls and 424 counters were either untraded or unchanged. - [Read more]