There is no sector in focus for today. The market is now in consolidation. Basically we are more on selling holding positions. Please refer to our closing in Quick Picks.

 

Just a side note, the next up wave would be to focus on China related products. Stay tune for updates.

 

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

WLIL

Wilmar International Ltd

5.83

5.63

5.86

6.03

PROFIT - CLOSED at 6.13

2

HKLD

Hongkong Land Holdings Ltd

4.00

3.84

 

4.16

PROFIT - CLOSED at 4.14

3

CTDM

City Development  Ltd

10.12

9.81

9.93

10.43

PROFIT - CLOSED at 10.37

4

SCMN

Sembcorp Marine Ltd

3.15

2.97

 

3.33

PROFIT - CLOSED at 3.18

5

NEPS

Neptune Orient Lines Ltd

1.73

1.62

 

1.84

PROFIT - CLOSED at 1.75

6

SCIL

Sembcorp Industries Ltd

3.30

3.14

 

3.46

PROFIT - CLOSED at 3.33

7

DBSM

DBS Group Holdings

13.98

13.6

 

14.36

LOSS - CLOSED at 13.88

Stock Prices last updated at 15:49 (Singapore Time)


In Summary,

There is a short term support at 2653.74. Though STI managed to break previous resistance of 2696.35, it fails to hold.