Our Focus for Today is on Property Sector

Morning Highlights

STI went down by –7.89points to 2636.06 within the first 12 minutes from Market’s open. It went further down and created a low of 2,625.75. Nonetheless, index managed  to spring back from 10am onwards.

There might not be any big activities for today, perhaps less conclusive than usual, since the US Market were closed for Labour Day.

We have removed AusGroup from our Quick Picks..

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.

Bullish Stocks (Singapore)

Symbol

Name

Entry

SL

TSL

TP

Remarks

1

 

Arama

0.575

0.50

 0.52

0.65

 PROFIT – CLOSED at 0.59
Watch out resistance at 0.60
2 TION Tiong Woon Corp Holding Ltd 0.83 0.80 0.86
3 RAFG Raffles Medical Group Ltd 1.33 1.22 1.44
4 EZRA Ezra Holdings Ltd 1.73 1.61 1.85
5 SINO Sinomem Technology Ltd 0.685 0.63 0.74
6 CDLT CDL Hospitality Trust 1.45 1.33 1.57 CANCELLED!
7 MRNG MediaRing Ltd 0.28 0.22 0.34 To enter as Market Order
8 CATL Capitaland 3.89 3.81 3.97 Traded high of 3.88
9 CTDM City Development Traded high of 10.88. Lookout for setups
10 NOBG Noble Group Ltd Tested high of 2.28
11 AGRN Allgreen Broke High of 1.27

Stock Prices last updated at 16.29 (Singapore Time)

Afternoon Highlights

As you can see, we have already took profit for our Amara’s trade as the chart shows that it has went into consolidation. Just then, it started to breakout during the last hour of trading at 0.60, hence, there is a re-enter BUY opportunity for Amara at 0.605, STOP LOSS at 0.575 and TAKE PROFIT at 0.635

In Summary,

Surge in property stocks brought about strong rally at the last hour of today’s trading session drove STI gains by 16.96points. STI close at 2660.91, likely to test resistance at 2667.82

Latest Updates:

  • UK July Industrial Output Grows 0.5% On Month, Consensus 0.2% (RTTNews)
  • UK July Manufacturing Output Up 0.9% On Month, Consensus 0.3% (RTTNews)

 

Quote of the Day

“It is what people actually did in the stock market that counted – not what they said they were going to do.” – Jesse Livermore

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