Singapore stock prices opened slightly lower cue on Wall Street weakness, with STI down 4.06 points to open at 3101.97. Expect choppy market ahead, hence, trade with cautious!
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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 | PROFIT - CLOSED at 0.89 | ||||||
2 | HKLD | Hong Kong Land | 6.43 | 5.98 | 6.88 | ||
3 | YAZG | Yangzijiang Shipbuilding | 1.83 | 1.73 | 1.93 | ||
4 | EZHL | Ezion Holdings | 0.735 | 0.67 | 0.80 |
Stock Prices last updated at 10:10 (Singapore Time)
Market Recap By MF Global Wall Street Slips As It Puts September Rally on "Pause" (Reuters) - Wall Street took a breather from a month-long rally on Wednesday, with investors bracing for higher volatility going forward as the best quarter in a year nears its end. The S&P 500 is up 9.1% in September, traditionally a weak month for stocks, as investors anticipate the Federal Reserve will take extra steps to spur economic activity. Still, the VIX futures show the options market has a very high level of skepticism about this rally. "There is still an US House Passes Bill Targeting China Currency (AFP) - US lawmakers overwhelmingly approved a bill Wednesday to punish China for what they branded its unfairly undervalued currency, blaming the weak yuan for killing US jobs weeks before key elections. The House of Representatives passed the legislation by a 348-79 margin, one of its strongest showings against China in years, fueled by deep voter anger at the sour economy and joblessness near 10% ahead of the November ballot. The measure invites the US government to consider Beijing's actions as an improper trade subsidy and expands the powers of the US Commerce Department by allowing it to slap retaliatory tariffs on Chinese Goods. "We do this because one million American Jobs could be created if the Chinese |