Singapore Stock Market Updates on 22/09/09
Morning Highlights
Our Focus For Today is on REIT Sector
The Market is experiencing a pullback, still going through sideway consolidations. STI needs to breakthrough 2700 points as a confirmation of uptrend resume.
As mentioned last Friday, Conservative Traders would have taken profit for United Envirotech at 0.375. Aggressive traders may continue to trail the profits… (refer to Quick Pick TSL)
We have took half profit for Keppel Corp on Last Friday. That’s our short term positioning. The Mid Term Trade is still in position. Please note that the mid term stop loss is at 7.9
We have 3 new trades triggered this morning, namely; OKP, Design Studio and DMX. Innotek is on the run, high chance it might breakout in the afternoon trading session…
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 Last Week>Bullish Stocks (Singapore)
| Symbol | Name | Entry | SL | TSL | TP | Remarks | |
| 1 | BENK | Beng Kuan Marine | 0.365 | 0.31 | 0.42 | ||
| 2 | HBEE | Ho Bee Investment | 1.60 | 1.34 | 1.86 | To enter as Market Order | |
| 3 | SITT | Sinotel Technologies Ltd | 0.725 | 0.66 | 0.79 | ||
| 4 | SINW | Sinwa Ltd | 0.495 | 0.44 | 0.55 | ||
| 5 | INTK | Innotek Ltd | 0.505 | 0.445 | 0.565 | ||
| 6 | CANCELLED | ||||||
| 7 | SUNT | Suntec REIT | 1.15 | 1.07 | 1.23 | ||
| 8 | CANCELLED | ||||||
| 9 | AEMN | Ascott REIT | 1.02 | 0.99 | 1.05 | ||
| 10 | CHOF | CH Offshore | 0.72 | 0.665 | 0.775 | ||
| 11 | OKPH | OKP Holdings Ltd | 0.80 | 0.72 | 0.88 | Triggered – Current Price at 0.855 | |
| 13 | KPLM | Keppel Corp Ltd | 8.28 | 7.90 | 8.66 | Overnight - Current Price at 8.46 | |
| 12 | DESS | Design Studio | 0.595 | 0.525 | 0.665 | Triggered – Current Price at 0.61 | |
| 14 | UNIT | United Envirotech Ltd | 0.32 | 0.27 | 0.345 | 0.37 | Overnight - Current Price at 0.41 |
| 15 | DMXT | DMX Technologies Group Ltd | 0.53 | 0.45 | 0.61 | Triggered – Current Price at 0.515 | |
| 16 | MTHL | Metro Holdings Ltd | Broke high of 0.7 – lookout for setups |
Stock Prices last updated at 17.14 (Singapore Time)
Afternoon Highlights
The STI is trading near previous resistance of 2667.82. It will be good to see it breach and maintain above the point.
CapitaCommercial traded 6 times with 25k traded at price 1.06. Though the volume is little, the chart pattern is still trending upwards
- For those who are in position at (BUY 1.02), mid term trailing stop loss to be shifted to 0.995
- For new short term order entry, if 1.06 is not filled in by today, we will have to wait for new setups to form
Please refrain from short term investment for CapitaMall due to big retracement movement today. (update as 15:05)
In Summary,
The STI managed to up 37.72points and close in green at 2685.63. This is a good sign that we are gradually progressing to 2700 points.
Among the Sectors, REIT is holding well. The others are mixed, will have to look at the individual shares for cue.
- Biosensor broke high of 0.645 - wait for setups
- Technics Oil & Gas Ltd touch high of 0.585 – to wait for setups
- CapitaCommercial – to wait for new setup since the price at 1.06 is not filled up today.
Latest News
- The Board of Directors (the “Board”) of Noble Group Limited (the “Company”) wishes to announce that the Company has on 21 September 2009, entered into a terms of agreement (the “Agreement”) with China Investment Corporation (the “Placee”) where, subject to the conditions as set out further below in this announcement, the Company has agreed to issue and allot to the Placee, and the Placee has agreed to subscribe and pay for, 438,000,000 new ordinary shares of HKD0.25 each (the “Placement Shares”) in the capital of the Company at an issue price of SGD2.1137 for each Placement Share (the “Placement Price”) (the “Placement”).
- FOMC and G20 meeting due on Wednesday, 23rd September 2009
Quote of the Day
“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” – Warren Buffett
2 Responses to Singapore Stock Market Updates on 22/09/09
Helloooo, todays seems a profiting day with most trades triggered well. What do you advise for a beginner to open the number of positions at one time?
Hi Suzanne, the number of positions to open at a time will have to depend on your investment budget and your capacity to keep track of them. Generally, we advise not to invest more than 5% of your investment capital for each position. Have you read our Articles? We have a section that briefly touches on Money Management. It will be good for you to read through and gain a better understanding.
Something to say?