Daily SGX Stock Market Updates

MARKET REVIEW:-

• Singapore stocks hit their highest in almost a year on Tuesday, posting the best monthly gain since January.
• Singapore share opens with deep gap @ 2985.43, and suddenly recovers and traded above 3000 mark , today STI touched its new 52 week high of 3040.11, but cant able to crossed this level and closed with gain near to this level @ 3036.40 with gain of 3.60 up by 0.12%.
• STI share prices ended mostly unchanged, closing 0.1 per cent higher on Tuesday as traders stayed cautious ahead of new stimulus measures from European and US central banks. Gainers edged out losers 182 to 177. A total of 1.54 billion.

MARKET FORECAST:-

• STI crossed its 3000 mark made a day high near to 3040 levels and closed well above 3000 level , now we could expect more upward rally in the STI.
• STI breached its 3015 resistance level and faced resistance @ 3040 mark, for the upward direction it has to maintain itself above this mark.
• On the Daily chart we can see the moving average crossover where 50 day MA level crossed 200 day MA level from below which is bullish sign.
• STI having a major resistance area above the 3040, as previously STI faced resistance this same levels and cant able to crossed this and this time if it crossed and maintain and crossed than we can see more upward rally in the markets.

SUPPORT:-

• STI having nearest support @ 3000 level and below this level it can take support @ 2985-2965 will be the support zone for STI.

RESISTANCE:-

• STI having Resistance @3040 and above this level it may take resistance @ 3060-3080 levels.

TECHNICAL INDICATOR:-

• Technical indicators are looking bullish on chart.

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SGX Intraday Share Market Picks Updates and Forecast for Tomorrow

Straits Time Levels:-

Support 1- 3000
Support 2- 2985
Support 3- 2965
Resistance 1- 3040
Resistance 2- 3060
Resistance 3- 3080

SGX Market Review of July 30-

• Singapore opens higher above 3000 mark @ 3020 and traded higher side whole day.STI soar above 3025 levels.
• Singapore share opens @ 3020 mark and then traded sideways in the range of 3015-3025 and once in the second half when it crossed its 3025 level it made day high of 3039.34, just near to its 3040 resistance level and finally closed @ 3032.80 with gain of 34.31 points up by 1.14%.
• STI closed above 3015 mark, on Friday amid improved sentiment across the region following successful debt auctions in Europe on Thursday Volume was 1.52 billion shares worth S$1.17 billion. Gainers outnumbered losers 244 to 129.

SGX Market Forecast for July 31-

• STI crossed its 3000 mark made a day high near to 3040 levels and closed well above this level , now we could expect more upward rally in the STI.
• STI breached its 3015 resistance level and faced resistance @ 3040 mark, for the upward direction it has to maintain itself above this mark. On the Daily chart we can see the moving average crossover where 50 day MA level crossed 200 day MA level from below which is bullish sign.
• STI having a major resistance area above the 3040, as previously STI faced resistance this same levels and cant able to crossed this and this time if it crossed and maintain and crossed than we can see more upward rally in the markets.

SUPPORT-

• STI having nearest support @ 3000 level and below this level it can take support @ 2985-2965 will be the support zone for STI.

RESISTANCE-

• STI having Resistance @3040 and above this level it may take resistance @ 3060-3080 levels.

TECHNICAL INDICATOR-

• Technical indicators are looking bullish on chart.

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Latest Singapore SGX Share Market News

>Singapore Shares open Higher on Monday:-

• Singapore share prices opened higher Today with the benchmark STI at 3,016.37, up 0.63%, or 17.88 points.

• About 169.3 million shares exchanged hands.

• Gainers beat losers 139 to 37.

>OCBC cuts SGX target to S$6.80, keeps hold:-

• OCBC Investment Research lowered its target price on shares of Singapore Exchange Ltd (SGX) to S$6.80 from S$7.00 and maintained its hold rating to take into account a more cautious environment for the bourse operator.

• SGX shares were up 0.3% at S$6.67 and have risen nearly 9% so far this year. Last week, SGX reported a 23% drop in quarterly profit, hurt by a fall in securities income as volumes declined on global economic uncertainties.

>STOCKS TO WATCH:-

~ SINGAPORE EXCHANGE LTD

• Singapore Exchange, Asia's second-biggest listed bourse, reported a 23 percent drop in quarterly profit, hurt by a fall in securities income as volumes declined on global economic uncertainties.

~ CAPITAMALLS ASIA LTD

• Singapore's CapitaMalls Asia said on Sunday it had acquired Olinas Mall in Tokyo for 22.8 billion yen ($290 million) from Tiger Eye Realty Yugen Kaisha, a special purpose vehicle of a real estate investment fund managed by Invesco Global Real Estate Asia Pacific, Inc.

~ NOBLE GROUP LTD

• Singapore-listed commodities firm Noble Group said on Friday it had concluded a $500 million two-year committed revolving letter of credit and guarantee facility. A total of 19 banks committed to participate in the facility.

>MARKET NEWS:-

• Rally drives S&P 500 to highest close since May 3

• U.S. bond yields climb on hopes of more Europe stimulus

• Euro supported, Aussie extends gains on ECB hopes

• Gold holds gains after GDP, posts weekly rise

• Oil up fourth day as stimulus hopes support

• Key political risks to watch in Singapore

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~ Singapore Live Stock News Updates ~

~MBS operating profit drops 18.5%, Genting shares sink to 2-year low:-

• Operating profit dropped at Marina Bay Sands (MBS) during the second quarter in part because Lady Luck decided to side with the high roller.

• News of the surprise slide sent shares of Genting Singapore sinking to a two-year low on Thursday as investors raised concerns over its profit outlook.

• The weaker showing here also contributed to a lacklustre report card by parent Las Vegas Sands, which posted profits and revenues for the quarter that were far below analyst estimates.

• Operating profit at MBS for the three months to June 30 fell 18.5 per cent to US$330.4 million (S$414 million), a stark turnaround from the previous quarter.

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~Merlion, Singapore Flyer on display at Malaysia's Legoland:-

• The Merlion is in it. So is the Fullerton Hotel, the Singapore Flyer and other parts of downtown Singapore, all picked to represent the Republic in a large-scale Lego display in the upcoming Legoland theme park in Iskandar Malaysia.

• But other iconic landmarks like the Esplanade did not make the cut for Miniland Singapore, because the structure 'would not have translated well' into Lego bricks, say its builders.

============================================================================

~Heineken extends deadline to buy Asia Pacific Breweries:-

• Dutch beer giant Heineken on Friday gave Singapore food and beverage group Fraser and Neave (F&N) one more week to consider its US$4.1 billion (S$5.1 billion) takeover offer for Asia Pacific Breweries (APB).

• Heineken last week set a July 27 deadline for APB's parent to accept a buyout but agreed to a one-week extension amid rumours of a potential takeover battle for F&N's assets involving Thai Beverage and Japan's Kirin Holdings.

Morning Updates of SGX Stock Market, Singapore

>Singapore Shares open Higher:-

• Singapore share prices opened higher on Friday with the STI up 23.95 points to 3,028.52.
• Volume was 357.8 million shares worth S$273.8 million.
• Gainers outnumbered losers 157 to 50.

>SGX boss needs new tricks to boost prospects, Q4 profit seen down:-

• Singapore Exchange Ltd Chief Executive Magnus Bocker is facing a conundrum - how to boost trading volume when global markets are battling a slump.
• Bocker, whose contract was renewed for three years in June, has launched initiatives such as installing the world's fastest trading engine and signing agreements with foreign bourses to enhance liquidity in Asia's second-largest listed bourse by value.
• Few of these measures are close to paying dividends yet and analysts expect SGX to report a nearly 16% fall in April-June profit on Friday, partly hit by a drop in securities-related revenue.

>OCBC raises Osim target price:-

• OCBC Investment Research raised its target price for massage chair maker Osim International Ltd to S$1.82 from S$1.61 and kept its 'buy' rating, citing strong growth and better-than-expected margins.
• By 0234 GMT, shares of Osim were 3.4% higher at S$1.225, and have gained about 6% so far this year, outperforming the FT ST Consumer Goods Index's 17 percent loss.
• Osim's second quarter net profit rose 20.1% to S$22.5 million, higher than OCBC's estimates, due to better-than-expected margins backed by favourable product mix and better productivity.
• It raised its 2012 and 2013 net profit estimates by 3.6 percent and 2.9 percent respectively.

>CIMB, OCBC raise CapitaMalls target price:-

• CIMB Research raised its target price for CapitaMalls Asia Ltd to S$1.47 from S$1.42, citing higher valuations for its listed entities such as CapitaRetail China Trust , but the brokerage kept its 'underperform' rating.
• By 0142 GMT, shares of CapitaMalls were 0.6 percent higher at S$1.62, and have surged 43.4 percent since the start of the year, compared to the Straits Times Index's 14 percent rise
• CapitaMalls reported a 40.7 percent rise in its second quarter net profit to S$232 million, driven mainly by revaluation gains of its Singapore and Malaysia shopping malls, said CIMB.

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SGX Stock Market Live Updates for Friday!!

>Market Review for July 26:

• Singapore opens higher @ 3000 mark with the hope of further stimulus measures from the U.S.
• Singapore share opens @ 3000 mark and then traded sideways in the range of 3000-3010 and one STI crossed 3010 level it made a day high of 3026.49 and faced resistance @ that level as it was a multiple resistance level and fell down and closed @ 3004.57 mark with gain of 13.65 point up by 0.46%. The broader market, 1.46 billion shares changed hands. Gainers narrowly edged losers 182 to 175.
• Singapore's industrial output raised a faster-than-expected 7.6% on-year in June as production from the highly unpredictable pharmaceuticals sector surged and the decline in electronics production moderated, according to Economic Development Board (EDB) data.

>Market Forecast for July 27:

• STI crossed its 3000 mark and closed above that level but with correction of more than 20 points from its day high of 3026.29 marks.
•  STI breached its 3015 resistance level and faced resistance @ 3026 mark, for the upward direction it has to maintain itself above this mark.
• On the Daily chart we can see the moving average crossover where 50 day MA level crossed 200 day MA level from below which is bullish sign.
• STI having a major resistance area above the 3040, as previously STI faced resistance this same levels and cant able to crossed this and this time if it crossed and maintain and crossed than we can see more upward rally in the markets.

>SUPPORT:

• STI having nearest support @ 2985 level and below this level it can take support @ 2965-2945 will be the support zone for STI.

>RESISTANCE:

• STI having Resistance @3015 and above this level it may take resistance @ 3040-3060 levels.

>TECHNICAL INDICATOR:

• Technical indicators are looking bullish on chart.



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Singapore SGX Share Market Updates for July 26, '12

> Singapore Shares open Higher Today:-

• Singapore shares opened 0.52% higher on Thursday. The STI rose 15.68 points to 3,006.60.

• About 101.2 million shares were traded.

• Gainers beat losers 87 to 32.

> S'pore central bank sets up S$20b facility to back up depositors:-

• Singapore's central bank announced fresh measures to protect depositors in the city-state, creating a liquidity buffer of S$20 billion (US$15.87 billion) to back up a deposit insurance scheme in the case of a banking crisis.

• The insurance scheme currently protects deposits of up to S$50,000 with a bank, an amount increased 2.5 times two years ago following the 2008 financial crisis.

> Genting Singapore shares fall to near 2-yr low:-

• Shares of Genting S'pore fell as much as 2.3% to its lowest in nearly two years.

• After rival Las Vegas Sands' second-quarter earnings miss raised concerns over the Singapore casino operator's results.

• By 0222 GMT, Genting shares were 1.6% lower at S$1.26, with 30.2 million shares changing hands, compared to its full-day average volume of 35.2 million shares over the last five sessions.

> ABN AMRO upgrades Singapore to neutral:-

• ABN AMRO Private Banking has upgraded Singapore stocks to neutral from underweight, citing potentially smaller earnings estimate cuts compared to other Asian companies.

• The MSCI Singapore index has gained about 14.9% so far this year, compared to the MSCI Asia Pacific Ex-Japan's 2% rise.

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Daily Evening Updates of SGX Live Stock Market Picks!!

>> Singapore SGX Market Review For Today:-

• Singapore opens down @ its major support level of 2985, and closed near to opening level.

• Singapore share opens @ 2985.84 and then traded sideways and faced resistance @ 2995 mark and fell down from that level and took support @ 2976.30 and then recovers and made day high f 2996.79 and closed with loss of 7.52 points down by 0.25% @ 2990.92.

• Singapore shares closed lower on concern of eurozone and volume was 1.20 billion shares. Losers led gainers 218 to 140.

>> Singapore SGX Market Forecast For Tomorrow:-

• STI snap yesterday’s recovery and didn’t even touched the its 3000 mark, traded below 3k mark whole day and made a low of 2976.30.

• STI breached its 2985 support level and took support @ 2976 mark, for the upward direction it has to maintain itself above 3000 mark.

• STI having a major resistance area above the 3040, as previously STI faced resistance this same levels and cant able to crossed this and this time if it crossed and maintain and crossed than we can see more upward rally in the markets.

>> SUPPORT:-

• STI having nearest support @ 2985 level and below this level it can take support @ 2965-2945 will be the support zone for STI.

>> RESISTANCE:-

• STI having Resistance @3015 and above this level it may take resistance @ 3040-3060 levels.

>> TECHNICAL INDICATOR:-

• Technical indicators are looking bearish on chart.

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Morning Updates and Latest News of Singapore SGX Stock Markets!

> S'pore: Shares open lower:-

• Singapore share prices opened lower on Wednesday with STI down 16.89 points to 2,981.55.

• Volume was 127.5 million shares worth S$295 million.

• Losers outnumbered gainers 108 to 23.

*************************************************************************************************************************

> Bank loans growth hits the skids:-

•  Singapore's three local banks, due to report earnings in coming weeks, warned earlier this year that loan growth will slow to the low teens in 2012.

• Singapore-dollar loans to businesses and consumers grew 7.6% over the first six months of this year, down from 16% over the same period last year.

• Preliminary data for June from the Monetary Authority of Singapore, shows that loans and advances from domestic banking units grew a slower 1.7% over the month, after a 2.2% spike in May thanks to a sharp rise in business lending.

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> More SGX Stock News Headlines:-

• Ascendas India Trust reported a 3% YoY increase in 1Q13 total property income to S$32m. Net property income moved up 1% to S$17.8m. DPU is 1.2 S-cents.

• Mapletree Industrial Trust reported 1Q13 distributable income of S$36.9m, up 27.1% YoY. Net property income rose 26.4% YoY to S$48.3m. DPU climbed 14% to 2.26 S-cents.

• IHH Healthcare is debuting on Bursa Malaysia and SGX today. The IPO price is MYR2.80 and S$1.11 per share.

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SGX Singapore Live Share Market Quotes!

Straits Time Levels:-

Support 1- 2985
Support 2- 2965
Support 3- 2945
Resistance 1- 3015
Resistance 2- 3040
Resistance 3- 3060

SGX Market Review for Today:-

• Singapore opens higher with little gain and close also with the small recovery from last trading days.
• Singapore share opens @ 2989.92 and then it continuously traded upward and made day high of 3007.19 but cant sustains above 3k mark long time and fell from there, closed below 3k mark @ 2998.44 with gain of 15.95 points up by 0.53%.
• Recovering part of their sharp loss on previous trading day. The gains came as data showing improvement in China's manufacturing sector boosted risk sentiment in some markets in Asia. In the broader market, 947 million shares changed hands. Gainers outnumbered losers 195 to 142.

SGX Market Forecast for Tomorrow:-

• STI recovers some points from the past two trading session sharp fall, STI crossed its 3k mark today and traded above that but can’t sustain higher levels and closed below this psychological level.
• Today STI sustain above its support level of 2985 and closed well above and near to 3000 mark, but for higher levels STI have to sustain above 3000 mark in coming trading sessions.
• STI having a major resistance area above the 3040, as previously STI faced resistance this same levels and cant able to crossed this and this time if it crossed and maintain and crossed than we can see more upward rally in the markets.

SUPPORT:-

• STI having nearest support @ 2985 level and below this level it can take support @ 2965-2945 will be the support zone for STI.

RESISTANCE:-

• STI having Resistance @3015 and above this level it may take resistance @ 3040-3060 levels.

TECHNICAL INDICATOR:-

• Technical indicators are looking bearish on chart.


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Latest News Updates of Singapore!!

# Win NDP tickets in latest ST photography contest:-

-- The Straits Times (ST) is giving out 10 pairs of tickets to the Aug 9 National Day Parade (NDP) at The Float@Marina Bay. To win a pair of tickets, send us a picture and describe, in 15 words after the sentence below, why this photo epitomises people parading their love.

-- The sentence: This represents people parading their love because ...

-- Your entry will be put up on the NDP Love Contest album in The Straits Times Facebook page.

*************************************************************************************************************************

# Apple to shrink connector for iPhone 5:-

-- Apple Inc's new iPhone will drop the wide dock connector used in the company's gadgets for the best part of a decade in favour of a smaller one, a change likely to annoy the Apple faithful but which could be a boon for accessory makers.

-- The iPhone 5, Apple's next generation iPhone expected to go on sale around October, will come with a 19-pin connector port at the bottom instead of the proprietary 30-pin port 'to make room for the earphone moving to the bottom', two sources familiar with the matter.

Stay tuned for more Singapore Daily News Updates and Singapore SGX Stock Market Picks!!

Singapore SGX Market Forecast For July 24, '12!

Straits Time Levels:-

Support 1- 2965
Support 2- 2945
Support 3- 2925
Resistance 1- 3000
Resistance 2- 3015
Resistance 3- 3040

Market Review of Monday:-

• Singapore stock market opens lower @ 2999.63, below 3k mark and also closed lower, concern about European debt crisis.
• Singapore share opens with gap down with loss of almost 16 points below 3000 mark and all day traded in down trend and made a low of 2973.93, and finally closed @ 2982.49 with loss of 33.04 points down by 1.10%.In the broader market, 1.44 billion shares changed hands. Losers outnumbered gainers 316 to 85.
• Inflation in Singapore continues to climb with housing and transport costs topping the increase. Singapore Inflation rose to 5.3 % year-on-year in June, market expectations of a 5.1 % increase.

Market Forecast for Tuesday:-

• From the past two trading session STI continuous fall , just before that STI touched its yearly high of 3039 levels and after that it fell down and loss more than 60 points.
• Today STI breached its all strong support levels of 3000-2985 and traded below this also closed below this strong levels.
• STI having a major resistance area above the 3040, as previously STI faced resistance this same levels and cant able to crossed this and this time if it crossed and maintain and crossed than we can see more upward rally in the markets.

SUPPORT:-

• STI having nearest support @ 2965 level and below this level it can take support @ 2945-2925 will be the support zone for STI.

RESISTANCE:-

• STI having Resistance @3000 and above this level it may take resistance @ 3015-3040 levels.

TECHNICAL INDICATOR:-

• Technical indicators are looking bearish on chart.

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Singapore SGX Stock Market- Morning Updates!

>>Singapore Shares open lower:

• Singapore share prices opened lower on Monday with the Straits Times Index down 16.31 points to 2,999.22.

• Volume was 145.9 million shares worth S$87.1 million.

• Losers outnumbered gainers 118 to 46.

>>Stock News- JB Foods jumps 40 pct above IPO price:

• Shares of JB Foods Ltd, a Malaysian cocoa ingredient producer, surged 40% above the IPO price of S$0.30 on their trading debut in Singapore.

• JB Foods shares leapt as high as S$0.42 on volume of more than 130 million shares. The stock was the top traded by both value and volume in the overall Singapore market. The FT ST Small Cap Index was down 0.5%.

• JB Foods sold 100 million shares, comprising 84 million new shares, at S$0.30 each.

>>Singapore's APB shares jump 17% on Heineken bid:

• Shares of Asia Pacific Breweries Ltd (APB) jumped on Monday after Heineken NV launched a bid worth up to S$7.5 billion (US$6 billion) for the Singapore maker of Tiger Beer.

• APB shares were up 17% at S$49.00, still below Heineken's offer price of S$50.00.

• Shares of Fraser and Neave Ltd were up more than 5%.

>>INDIA PRESS-Tata Chem plans S'pore holding co for overseas assets:

• TCS, Infosys, Cognizant in race to buy Lodestone.

• L&T, Pipavav sign 2 separate JVs with Mazagon Dock.

• Huawei rules out mobile handset factory in India for now.

Stay Tuned For More Live Updates of SGX Stock Market, Singapore STI Live Prices, Forex signals, Singapore SGX Live Stock Prices, and Stock Exchange of Singapore Updates!!

SGX Stock Market News Of July 20:-

>> S'pore: Shares open lower:-

• Singapore share prices opened lower on Friday with the Straits Times Index down 3.49 points to 3,025.47.
• Volume was 56.1 million shares worth S$60.3 million.
• Losers outnumbered gainers 56 to 46.

>> SGX says no comment on reports of LSE merger:-

• The London Stock Exchange Group is reported to be in talks with the Singapore Exchange about a potential US$11 billion merger.
• The Daily Telegraph said the chief executive of LSE Group, Xavier Rolet, has held a series of informal talks with SGX chief executive Magnus Bocker about a potential merger.
• The structure of any potential merger is unclear but the paper speculated that SGX would take over its British rival because of its larger market capitalisation.

>> STI spurred by Wall Street rise:-

• THANKS to a surprise rise on Wall Street on Wednesday, STI yesterday gained 11.75 points to 3,028.96 while over in Hong Kong, the Hang Seng firmed 1.6%.
• Europe's mixed opening, however, capped the STI's rise.
• Turnover here was concentrated in low-priced issues and amounted to 1.7 billion units worth $1.4 billion excluding foreign currency issues.
• The broad market was relatively mixed, recording 198 rises versus 154 falls excluding warrants.

Evening Updates Of SGX- Singapore STI Updates for July 20

>>Straits Times Index Forecast for July 20:-

• S1: 3000
• S2: 2985
• S3: 2965
• R1: 3040
• R2: 3050
• R3: 3070

>> SGX Market Study of July 19:-

• Singapore stock market rose to a near one-year closing high on Thursday, helped by improved investor sentiment after strong corporate earnings from U.S. bellwethers such as Intel Corp while Southeast Asia's other markets ended mixed.
• Singapore share opens higher @ 3035.85 and then it fell down and took support@ 3026 mark and again trades higher and made day high of 3039.77 and then facing resistance and fell down, finally closed @ 3028.96 with gain of 11.75 up by 0.39%.
• In the broader market, 1.24 billion shares changed hands. Gainers outnumbered losers 198 to 154.

>> SGX Market Outlook for July 20:-

• STI facing resistance its 3040 levels and cant able to crossed this level and fell down, but finally closed near to day opening.
• As we previously mention that technically STI looks strong on charts and if it crossed 2995 levels and maintain this than it could be move towards 3035-3050 levels in near term.
• STI having a major resistance area above the 3040, as previously STI faced resistance this same levels and cant able to crossed this and this time if it crossed and maintain and crossed than we can see more upward rally in the markets.

>> SUPPORT:-

• STI having nearest support @ 3000 level and below this level it can take support @ 2985-2965 will be the support zone for STI.

>> RESISTANCE:-

• STI having Resistance @3040 and above this level it may take resistance @ 3050-3070 levels.

>> TECHNICAL INDICATOR:-

• Technical indicators are looking Bullish on chart.

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Latest News of Windows 8 and Olympics

=> Microsoft to release Windows 8 on Oct 26:-

• Microsoft announced that its next-generation operating system tailored for a world shifting from personal computers to smartphones and tablets will be available on Oct 26.

• Windows 8 will be available in 109 languages across 231 markets worldwide, according to Mr LeBlanc.

• Microsoft has promised to make the new OS available in August for computer, tablet or smartphone makers to build into hardware.

================================================================================================================================================

=> Olympics: All ready for the London Games:-

• After the marvel of the 2008 Beijing Olympics, hopes are that London will provide a similar spectacle.

• This is the third summer Olympics held in the United Kingdom, the first two happening in the early 20th century.

• In the case of London, only time will tell whether its transport system will survive the onslaught of 4 million visitors flooding into the city over Games season; Singapore's North-South line disruptions pale in comparison to Londoners' daily realities.

Latest Updates of Singapore SGX Market News!

>>Singapore Shares open higher on Thursday:-

• Singapore shares opened 0.52 per cent higher on Thursday.

• The STI was up 15.06 points at 3,032.81.

• About 109.7 million shares were traded.

• Gainers beat losers 128 to 34.

>>Singapore Exchange toughens listing rules:-

• Singapore Exchange Ltd is toughening rules for companies looking to list on its main market in the wake of a series of accounting scandals at small Chinese firms listed on the bourse.

• Recent scandals at companies such as KXD Digital Entertainment have dealt a blow to the reputation of SGX-listed companies, and the exchange; that it was tightening its regulations to make it more attractive for larger firms to go public in the city state.

>>Singapore's OCBC sells F&N, APB stakes for US$2.55 bln:-

• OCBC, Singapore's second-biggest bank, and its insurance unit have agreed to sell their combined 18.1% stake in Fraser & Neave and an 8% stake in brewer Asia Pacific Breweries.

• OCBC Group would make a post-tax gain of about S$1.15 billion from the deal.

>>CIMB lowers CapitaMall Trust target:-

• CIMB Research said Singapore shopping mall owner CapitaMall Trust's Q2 earnings showed signs of weakness in shopper traffic and tenant sales growth, and lowered its target price on the stock to S$2.01 from S$2.02.

• By 0255 GMT, CapitaMall Trust units were down 0.8 per cent at S$1.95. They have gained 14.7 per cent this year, underperforming the FT ST Real Estate Investment Trust's 22% rise.

>>Maybank raises Keppel Land target price:-

• Maybank Kim Eng raised its target price for property developer Keppel Land Ltd to S$4.04 from S$3.65 and kept its 'buy' rating, on signs its sales in China are improving.

• By 0158 GMT, shares of Keppel were 1.5% higher at S$3.44, and have surged 55 percent so far this year, outperforming the FT ST Financial Index's 25.4% gains.

Stay Tuned for more latest updates of SGX Market News, Singapore STI Picks, SGX Share Market Picks, SGX Stock Tips, Forex Recommendations & Singapore SGX Live Prices

Singapore SGX Stock News and Forecast :-

Straits Time Levels For Thursday:

S1: 2995
S2: 2965
S3: 2945
R1: 3035
R2: 3050
R3: 3080

Market Review of July 18:

* Asian markets mostly fell on Wednesday after US Federal Reserve Chief Ben Bernanke warned of a further slowdown in the US economy and a "frustratingly slow" rise in employment.
* Singapore share opens higher @ day high of 3024.99 and then it fell down and took support @ 3000 mark and in the 2nd half again traded higher side and finally closes @ 3017.21 with gain of 2.41 down by 0.08%.
* There was also an element of profit booking on today after the benchmark gained in previous sessions.
* In the broader market, 1.51 billion shares changed hands, with losers outnumbering gainers 247 to 144.

Market Forecast for July 19:

* STI facing resistance its 3025 levels and cant able to crossed this level and fell down, but finally closed near to day opening.
* STI formed a candlestick pattern called a spinning top it is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
* As we previously mention that technically STI looks strong on charts and if it crossed 2995 levels and maintain this than it could be move towards 3035-3050 levels in near term.
* STI having a major resistance area above the 3040, as previously STI faced resistance this same levels and cant able to crossed this and this time if it crossed and maintain and crossed than we can see more upward rally in the markets.

SUPPORT:

* STI having nearest support @ 2995 level and below this level it can take support @ 2965-2945 will be the support zone for STI.

RESISTANCE:

* STI having Resistance @3035 and above this level it may take resistance @ 3050-3080 levels.

TECHNICAL INDICATOR:

* Technical indicators are looking Bullish on chart.

Latest News in Singapore:-

* Decline in passengers in transit due to tourist developments:-

-- Efforts to sell Singapore as a tourism destination appear to have paid off. 5 years ago, travellers who used Changi Airport as a halfway point made up about a third of total traffic.

-- Today, they account for 24%, said Mrs Josephine Teo, Minister of State for Transport.

========================================================================

* Pre-school education should be free in Singapore:

-- Mr Lee Poh Wah, chief executive of the Lien Foundation, which sought the experts' views on pre-school education. More than seven in 10 thought it should be made free.

-- They said the Government should recognise that this kind of schooling is critical to a child's development, and take charge of the sector.

========================================================================

* Land for Changi Airport to double in size:

-- Singapore has earmarked 1,000ha of land for the expansion of Changi Airport - a move which will almost double the airport's size in the coming decades.

-- Changi now occupies 1,350ha of land. The extra space for the future, about the size of Toa Payoh, is located where the biennial Singapore Airshow is held.

SGX Live Morning Updates of Today!!

>>S'pore: Shares open higher:

* Singapore share prices opened higher on Wednesday with the Straits Times Index up 5.04 points to 3,019.84.

* Shares were up 0.22% from its open.

* About 118.7 million shares were traded.

* Gainers beat losers 103 to 29.

>>CIMB cuts Keppel T&T target price:

* CIMB Research cut its target price for logistics company Keppel Telecommunications & Transportation to S$1.20 from S$1.22 and kept its 'neutral' rating, citing potentially higher operating expenses.

* By 0101 GMT, shares of Keppel T&T were 0.4 percent lower at $1.13 and have gained 1.8 percent since the start of the year, compared to the FT ST Industrials Index's 15 percent rise.

>>Stocks to watch on July 18:

* CAPITAMALL TRUST

CapitaMall Trust said its distributable income rose 5.5 percent in the second quarter to S$79.6 million from a year ago, helped by higher gross revenue from its shopping malls.

* ASCENDAS REAL ESTATE INVESTMENT TRUST

Ascendas REIT, which owns industrial assets, said its distribution per unit for April-June rose 10.3 percent to 3.53 Singapore cents from a year ago, helped by positive rental reversions and higher gross revenue due to acquisitions and the completion of development projects.

* KEPPEL TELECOMMUNICATIONS & TRANSPORTATION LTD

Logistics firm Keppel T&T said its second-quarter net profit fell 19.2 percent to S$14.3 million from a year ago, hurt by an increase in overheads and lower sundry income.

>>Market News:

* Nikkei opens up after Wall Street rally!

* Coke, Goldman earnings good enough for Wall St!

* Yields rise as Bernanke mum on new Fed action!

* Dollar volatile; Bernanke vague on further easing!

* Gold cuts losses after Bernanke, equities help!

* Oil up on Bernanke leaving stimulus door open!

* Key political risks to watch in Singapore!

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SGX Share Market Live News and Update For July 18

Straits Time Levels For Wednesday:

S1: 2995
S2: 2965
S3: 2945
R1: 3035
R2: 3050
R3: 3080

SGX Stock Market Today:

* Singapore shares hit a 3 -month high today as the STI continues its second-half surge. Traders spent the day salivating at the hope of monetary easing coming from at least one of the world’s biggest economies soon, without a preference for which one.
* Singapore share prices rose 0.5% on Tuesday, breaking through the psychologically important 3,000-mark for the first time since May 3. Straits Times Index gained 16.05 points to end at 3,014.80, as investors bought ahead of US Federal Reserve Chairman Ben Bernanke's testimony to Congress later Tuesday.
* Investors speculated that Bernanke will hint at more monetary stimulus. In the broader market, 1.71 billion shares changed hands, with gainers outpacing losers 200 to 170.
* Singapore's key exports expanded by 6.8 % on-year in June on the back of growth in both electronic and non-electronic exports, according to figures released on Tuesday by International Enterprise (IE) Singapore.

SGX Nifty Predictions for 18/7/2012:

* STI today crossed its 3015 levels but still can’t cross next and important level of 3035, we expect that in the coming days it can breached this level too.
* As we previously mention that technically STI looks strong on charts and if it crossed 2995 levels and maintain this than it could be move towards 3035-3050 levels in near term.
* STI having a major resistance area above the 3000 mark to 3040, as previously STI faced resistance this same levels and cant able to crossed this and this time if it crossed and maintain and crossed than we can see more upward rally in the markets.

SUPPORT:

* STI having nearest support @ 2995 level and below this level it can take support @ 2965-2945 will be the support zone for STI.

RESISTANCE:

* STI having Resistance @3035 and above this level it may take resistance @ 3050-3080 levels.

TECHNICAL INDICATOR:

* Technical indicators are looking Bullish on chart.

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Morning Updates Of Singapore SGX Market

>>S'pore: Shares open higher:

* Singapore share prices opened higher on Tuesday with the Straits Times Index up 67.45 points to 3,006.2.

* Shares were up 0.2 per cent from its open.

* Volume was 119.8 million shares worth S$110.4 million.

* Gainers outnumbered losers 78 to 52.

>>Singapore June exports beat forecasts, outlook still murky:-

* Singapore reported better-than-expected export data for June on Tuesday, providing a glimmer of hope that a prolonged slide in Asia's key electronics sector has bottomed, but economists cautioned that global demand still appeared weak.

* On a seasonally adjusted month-on-month basis, NODX grew 6.7% after contracting 2.0 percent in May.

* "The story we like is that at least electronics NODX looks like it's stabilised -- it's not on a declining path anymore," said Selena Ling, head of treasury research and strategy at Oversea-Chinese Banking Corp, Singapore's second largest lender. "But if you look at the IMF downgrade of 2013 growth, it seems like we don't expect a very strong pick-up in external demand in the near term, especially on the euro zone front", she added.

>>OCBC announces new price loan feature, its first in Singapore:-

* OCBC Securities Private Limited (OSPL) announced in its press release on Tuesday its Quality-Priced Loan feature, where tiered interest rates for financing the purchase of over 2,500 listed securities, can now be available in multiple currencies.

* As the first brokerage in Singapore to offer this service, OCBC Securities will provide namely USD, HKD, AUD and SGD- across seven global exchanges: SGX, ASX, HKEx, Bursa Malaysia, NYSE, NASDAQ and AMEX.

SGX Singapore Share Market Live Maket Updates For July 17

Straits Time Levels:

S1: 2980

S2: 2965

S3: 2945

R1: 3015

R2: 3035

R3: 3050

Market Review of July 16, '12:

* STI opens above 3000 mark @ 3002.23 and also hovering near this level and advanced as much as 0.3 % to 3,004.34, the highest since May 3.

* Singapore equities open their highest in 2-1/2 months, crossing the 3,000-point level for the first time since early May, and made 3004.34 level but after that it came down and made low of 2990 and finally closed with gain of 3.19 points up by 0.11% @ 2998.75.

* Singapore share prices ended flat after a choppy session on Monday, amid growing caution over corporate earnings due to be reported in coming weeks. 1.38 billion Shares changed hands, down from 1.75 billion on Friday. Losers outnumbered gainers 203 to 197.

Market Forecast for July 17, '12:

* STI crossed its more than a 2 months high level and closed near to that level and looks good on chart if sustain 3k mark.

* As we previously mention that technically STI looks strong on charts and if it crossed 2995 levels and maintain this than it could be move towards 3035-3050 levels in near term.

* STI having a major resistance area above the 3000 mark to 3040, as previously STI faced resistance this same levels and cant able to crossed this and this time if it crossed and maintain and crossed than we can see more upward rally in the markets.

SUPPORT:

* STI having nearest support @ 2980 level and below this level it can take support @ 2965-2945 will be the support zone for STI.

RESISTANCE:

 * STI having Resistance @3015 and above this level it may take resistance @ 3035-3050 levels.

TECHNICAL INDICATOR:

* Technical indicators are looking Bullish on chart.

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Straits Times Appreciates Readers Concert in Singapore

STAR Carnival in S'pore:-

~ Fans thronging the stage front at the Straits Times Appreciates Readers (STAR) Concert held yesterday at the Meadow of the Gardens by the Bay.

~ It featured performers such as Tanya Chua, Singapore Idols Taufik Batisah and Hadi Mirza, and others such as Boys Like Girls and K-Pop group 4Minute.

ST artists prove to be a big draw at carnival:-

~ Straits Times' artists were out in force at the Star carnival on Sunday.

~ By the end of the day, they had drawn 43 caricatures and 16 photo-illustrations.

~ Readers had to pay $15 for a caricature and $10 for a photo-illustration.

~ All the money went to The Straits Times School Pocket Money Fund, which helps lower-income school children with their school expenses.

Morning Updates of SGX Live Picks

S'pore Shares Open Higher:

Singapore share prices opened higher Today with the STI up 6.67 points to 3,002.23.

Shares were up 0.22 per cent from its open.

Singapore Stocks - Factors to watch on July 16:

SINGAPORE, July 16- Following are some company-related and market news which could have an impact on the local market.

----------------------MARKET SNAPSHOT @ 0023 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG

S&P 500 1356.78 1.65% 22.020

USD/JPY 79.17 -0.08% -0.060

10-YR US TSY YLD 1.491 -- 0.000

SPOT GOLD 1589.79 -0.02% -0.240

US CRUDE 86.98 -0.14% -0.120

DOW JONES 12777.09 1.62% 203.82

ASIA ADRS 115.28 1.29% 1.47

-------------------------------------------------------------

GLOBAL MARKETS-China GDP data lifts world stocks, crude oil

SE ASIA STOCKS-Up after China GDP; Thai stocks hit 2-month

high

STOCKS TO WATCH:

> SINGAPORE PRESS HOLDINGS LTD

-- Media and property company Singapore Press Holdings said

on Friday its third-quarter net profit fell 13 percent from a

year earlier to S$99.8 million ($78.9 million), dragged by lower

investment income.

> SINGAPORE TELECOMMUNICATIONS LTD

-- SingTel said on Monday it had appointed Bill Chang as the

chief executive of group ICT, leading the company's enterprise

business. Group ICT provides businesses with technologies,

products and services, SingTel said.

> NOBLE GROUP LTD

-- Singapore-listed commodity firm Noble Group said on Monday it had appointed William Cronin as co-chief operating officer.

> KEPPEL LAND LTD

-- Singapore property developer Keppel Land and Sri Lanka's CT Properties Ltd had set up a 60-40 joint venture to develop about 260 luxury condominiums in Colombo, Sri Lanka. The total development cost for the project is around S$70 million, Keppel Land said.

> HOTEL GRAND CENTRAL LTD

-- Singapore's Hotel Grand Central said on Friday it expects to report a loss for the second quarter ended June 30 due to an impairment loss to its income statement as a result of the planned demolition of the Orchard Road hotel building in the later part of 2012.

MARKET NEWS:

> Wall St ends six-day losing streak with a flourish

> US bonds fall on inflation data, stock gains

> Euro and risk currencies supported, Bernanke in focus

> Gold rises on equities, commods rallies, China data

> Oil up third day on China GDP, North Sea problems

> Key political risks to watch in Singapore

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S'pore's Q2 GDP contracts by 1.1% on-quarter, grows by 1.9% on-year

SINGAPORE: S'pore's economy contracted by 1.1% on a quarter-on-quarter basis in the second quarter of 2012, compared to the 9.4% expansion in the preceding quarter.

On a year-on-year basis, the economy grew at a modest pace of 1.9%, following the 1.4% growth in the previous quarter.

In a statement on Friday, the Ministry of Trade and Industry (MTI) said the weakened growth momentum in the second quarter was mainly due to a sequential contraction in the manufacturing sector.

Commenting on the sectoral decline, the MTI said the manufacturing sector declined by 6.0%, reversing the 20.9% expansion in the preceding quarter. It said the fall in biomedical manufacturing output more than offset the gains in the transport engineering cluster.

Growth in the services-producing industries remained modest, at 1.0% on a year-on-year basis, following the 1.9% growth in the previous quarter. This was mainly due to contraction in the wholesale and retail trade, as well as the finance and insurance sectors.

The MTI will release the preliminary GDP estimates for the second quarter in August 2012, including performance by sectors, sources of growth, inflation, employment and productivity, in its Economic Survey of Singapore.

Singapore Stock Market Updates Of July 13, '12

> Singapore Shares Higher:

* Singapore shares edged higher on Friday noon with the benchmark Straits Times Index up 9.23 points to 2,981.27.
* Volume was 950.1 million shares worth S$419.6 million.
* Gainers outnumbered losers 168 to 103.

> Citi upgrades Genting Singapore to neutral:

* Citigroup upgraded casino operator Genting Singapore to neutral from sell, citing limited downside in its share price at current levels, but cut its target price to S$1.42 to S$1.47, due to a slowdown in VIP volumes.
* By 0210 GMT, Genting shares were 0.4 percent higher at S$1.375

> Home prices well supported - Credit Suisse:

* By 0210 GMT, Genting shares were 0.4 percent higher at S$1.375 and have fallen nearly 9 percent so far this year, versus the Straits Times Index's 12.7 percent rise.
* At 0114 GMT, Ezra shares were 2.3 percent higher at S$1.115, with 4.2 million shares traded, compared to its full day average volume of 4.3 million over the last five sessions. So far this year, Ezra has surged 33 percent, outperforming the FT ST Oil & Gas's 21.5 percent rise.

Live Updates Of SGX Market News--

Strait Time Levels:-

Support 1- 2960
Support 2- 2945
Support 3- 2920

Resistance 1- 2995
Resistance 2- 3015
Resistance 3- 3035

MARKET REVIEW:-

£ Southeast Asian stock markets closed mostly lower on Thursday as concerns over global growth outlook prompted
selling in large caps such as telecoms and a drop in oil prices weighed on energy linked shares.
£ Singapore equities opens @2978.42 and then made day high of 2987.32 , after touched it s high level it fell down and
took support @ 2966.52 levels and finally closed below the opening level with loss of 17.27 points down by 0.58%.
£ Volume was 2.36 billion Shares changed hands. There were 246 losers and 161 gainers. Cyclical stocks, which received a
fillip amid Wednesday's rally, were among the biggest losers of the STI components.

MARKET FORECAST:-

£ STI snap its previous day buying interest and closed down from previous session, took support neat to 2965 levels and closed above this level.
£ As we previously mention that technically STI looks strong on charts and if it crossed 2995 levels and maintain this than it could be move towards 3035-3050 levels in near term.
£ STI maintain itself to closed on its down sloping trend line which it was crossed yesterday , may this support level gives strength to STI and it can again trades above this level.

SUPPORT:

£ STI having nearest support @ 2960 level and below this level it can take support @ 2945-2920 will be the support zone for STI.

RESISTANCE:

£ STI having Resistance @2995 and above this level it may take resistance @ 3015-3035 levels.

TECHNICAL INDICATOR:

£ Technical indicators are looking Bullish on chart.

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Singapore Shares Open Lower:

S'pore shares opened lower today Morning with the Straits Times Index down 8.83 points to 2,980.48.
Volume was 186.1 million shares worth S$55.1 million.
Gainers outnumbered losers 62 to 56.

SGX Stocks - Factors to watch on July 12:

Following are some company-related and market news which could have an impact on
the local market-
----------------------MARKET SNAPSHOT @ 0000 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1341.45 -0% -0.020
USD/JPY 79.6 -0.15% -0.120
10-YR US TSY YLD 1.5133 -- -0.002
SPOT GOLD 1576.65 0.06% 0.900
US CRUDE 86.01 0.23% 0.200
DOW JONES 12604.53 -0.38% -48.59
ASIA ADRS 116.32 0.48% 0.55
-------------------------------------------------------------
GLOBAL MARKETS-Dow, Nasdaq sag on Fed minutes, but dollar flies SE ASIA STOCKS-Most up; Malaysia at all time high STOCKS TO WATCH

> SINGAPORE EXCHANGE LTD

* The London Stock Exchange has signed an agreement with its Singapore counterpart SGXL.SI to allow the pair's largest stocks to be traded on both bourses, increasing access for investors and boosting liquidity.

> KEPPEL CORP LTD

* Rig builder Keppel Corp Ltd KPLM.SI said its Brazilian unit had won a contract worth about $200 million and the order is expected to be completed by the second quarter of 2014.
* Keppel said it has increased the limit for its multi-currency medium term note programme from $1.2 billion to $3 billion.

> ORCHARD PARADE HOLDINGS LTD

* Orchard Parade said its shareholders have voted in favour of its proposed restructuring by approving the injection of its three hospitality assets into a planned real estate investment trust, Far East Hospitality Trust.

> MIDAS HOLDINGS LTD

* Midas Holdings said it has won new orders worth a total of 139.3 million yuan ($21.9 million) from Chinese and international customers, including its joint venture company Nanjing SR Puzhen Rail Transport Co Ltd.

MARKET NEWS:

> Nikkei flat ahead of BOJ decision!
> Dow, Nasdaq fall after Fed minutes, tech a weak spot!
> Huge demand for 10-year notes at record low yields!
> Dollar up, Fed minutes show bond buys not imminent!
> Gold flat as Fed minutes dent easing hopes!
> Oil up 2 pct, Brent paces on tight North Sea outlook!
> Key political risks to watch in Singapore!

Singapore Stock Market Updates:-

Straits Time Levels:

Support 1:- 2950

Support 2:- 2935

Support 3:- 2915

Resistance 1:- 3015

Resistance 2:- 3035

Resistance 3:- 3050

MARKET REVIEW Of July 10~

!! After yesterdays upward move, today STI opens with deep gap down @ 2941.80 and after it closed higher side.

!! Singapore Equities open with gap down @ 2941.80 and made day low @ 2941.27, after taking support @ this lower level STI trades upward direction and crossed all the resistance levels and made a day High @ 2995.38 and finally closed @ 2989.31 with gain of 24.69 points up by 0.83%.

!! STI made high @ 2995.38 after 4th May, STI touched this level almost after 2 months and closed near to that. Volume was 2.29 billion shares. Gainers led losers 231 to 147.

MARKET FORECAST For July 12~

!! STI breached its 2 months higher level and made closed well above yesterday’s closing and closed on higher side near to day high and good resistance level.

!! As we previously mention that technically STI looks strong on charts and if it crossed 2995 levels and maintain this than it could be move towards 3035-3050 levels in near term.As we previously mention that technically STI looks strong on charts and if it crossed 2995 levels and maintain this than it could be move towards 3035-3050 levels in near term.

!! On the daily chart STI crossed its down slopping trend line which represent the resistance level of past 2 months and today STO crossed it and sustain above this level , which is bullish signal.

SUPPORT~

!! STI having nearest support @ 2950 level and below this level it can take support @ 2935-2915 will be the support zone for STI.

~RESISTANCE~

!! STI having Resistance @3015 and above this level it may take resistance @ 3035-3050 levels.

TECHNICAL INDICATOR~

!! Technical indicators are looking Bullish on chart.

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Evening Updates Of Singapore Stock Market

Shares up at midday:-

Singapore shares rose 2.96 points in morning trade with the Straits Times Index at 2,967.17, extending its gains for two straight sessions. The MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent.

ComfortDelGro leads:-

ComfortDelGro shares were the largest gainer on the STI, rising 3.1 percent to S$1.645 with over 7.2 million shares traded, 2.3 times its average daily volume over the last five sessions.

Companies must maintain Singapore's reputation in China: PM:-

SINGAPORE companies looking to do business in China can take advantage of its twin trends of urbanisation and a rising middle class, said Prime Minister Lee Hsien Loong.
But they must also deliver and maintain the good reputation of Singapore there, he said.

Maybank downgrades StarHub to sell:-

By 0600 GMT, StarHub shares were 0.6 percent lower at S$3.57, and have risen 23 percent this year, compared to the Straits Times Index's 12.4 percent rise.

Asia Oil Swaps-Gasoil spreads surge to 6-mth high on tight supply:-

SINGAPORE, July 11- Asia gasoil spreads and cracks were at a six- and five-month high respectively on Wednesday because of strong demand and tight regional supply in the physical markets.
Naphtha spreads and cracks were also firmer than Tuesday's values on the back of strong demand from petrochemical makers and lower Indian export volumes.


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~ Stock News Singapore ~

S'pore: Shares open lower:

Singapore share prices opened lower on Wednesday with the Straits Times Index down 19.7 points to 2,944.92.
Volume was 86.6 million shares worth S$61.9 million.
Losers outnumbered gainers 87 to 26.

Singapore Daily Bulletin:

Keppel Kazakhstan Tie-Up Bags US$242m Jack-Up Rig Contract In another media release by Keppel Corporation, Keppel Kazakhstan LLP and its consortium partner, Ersai Caspian Contractor LLC, have announced bagging a US$242 million jack-up rig contract from Teniz Burgylau LLP, a unit of KazMunayGas, Kazakhstan’s state-owned oil and gas company.

DBS downgrades China Minzhong to hold:

DBS Vickers downgraded vegetable processing firm China Minzhong Food Corp Ltd to 'hold' from 'buy' and cut its target price to S$0.60 from S$1.45, citing cost challenges, lower margins outlook and muted growth prospects.
By 0215 GMT, China Minzhong shares were 1.6 percent lower at S$0.60 and have fallen about 26 percent so far this year, compard to the FT ST China Index's 2.4 percent rise.

IHH listing benefits ASEAN healthcare stocks-CIMB:

IHH Healthcare's planned $2 billion listing in Malaysia and Singapore - the third largest IPO of the year - has brought interest back into healthcare stocks in Singapore's Raffles Medical Group Ltd.
Shares of Raffles Medical were up 0.9% at S$2.36, and have gained 11% so far this year, compared to the Thomson Reuters Asia Pacific and Russia Healthcare Index's 5.6 percent rise.