Singapore Stock Market Updates On 26/08/10

Morning Highlights

Singapore market higher, with STI up 5.14 points to open at 2931.69.

On the other hand, shares in Sydney is resilient despite uncertainty over who would form Australia's next government after the country's federal election resulted in a hung parliament

• Singapore's July manufacturing output grew at the slowest pace in eight months, as biomedical output suffered its first yearly decline since December 2009

Watch Out For Economic News Today:

1. Hong Kong  July Exports (Hong Kong's exports surged 23.3% yoy in July, official data showed on Thursday, on the back of vibrant trade within Asia)

Corporate Announcements:

1. Cosco's subsidiary has delivered a bulk carrier of 57,000 dwt to its European buyer.

News Updates:

1. U.S. durable-goods orders rise a less-than-forecast 0.3% in July
2. U.S. stocks falter early Wednesday; Caterpillar, Boeing, GE are top blue-chip decliners; Dow, S&P snap four-session losing streak after late-day reversal
3. U.S. new-home sales fall to record-low pace in July
4. Crude under $71 as decline accelerates following bearish inventory report

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)

Bearish Stocks (Singapore)

Stock Prices last updated at 17:05 (Singapore Time)

Afternoon Highlights

Asian shares traded mostly higher Thursday, though the action was choppy, with several indexes moving in and out of negative territory.

However, Singapore market reversed early gains and slipped slightly lower…

News Updates:

1. Armarda places 400 million new shares at 10 Hong Kong cents/share

In Summary,

Index ended the session, down 0.68 points to 2925.87, with 1.3271 billion traded. Losers led gainers 224 to 177.

Our market sentiment is neutral, but biased on the downside. We will remain on the sideline for further observation.