STI: End of the Road?

k4korny SG

ohhh!!
paiseh... must be me! brain not working at this hour liao.. Laughing

littlestream SG

Laughing
It's okay. Maybe my pinyin too. Anyways, at least we get the thread longer right? Activity, activity. You see ah death's new forum also bustling liao loh. Wink

Okay, bye bye....six minutes to clock strikes 4pm.

Cya tomorrow, okay?

k4korny SG

ok! nite!

k4korny SG

Yesterday, Singapore share prices closed 1.12 per cent higher on Tuesday after four straight days of losses as bargain-hunters bought stocks. The Straits Times Index closed 25.54 points higher at 2,305.30. Volume was 778 million shares valued at $771 million (US$467 million), down from 811 million shares worth $828 million on Monday.

Today, Singapore share prices closed 1.09 per cent weaker. The STI dropped 25.07 points to settle at 2,280.23. Volume was 926million shares valued at $1,046.7M

k4korny SG

STI closed flat on Fri at 2286.4.
for the week, it is down 16.8 pts..

As expected, 'Analyst' blames the current drag on oil.
Investors may look for leads in LHL's National day rally. But i din hear much that will create a big stir. if anything, probably will be in the p'ty sector cos of the Marina/ Orchard rd project, upgrading of the older estates, and subsidies for the lower income group.

Gazelle SG

Stock market will not be able to fight rising fuel price and interest rate. I believe it is about time for equity investor to be more careful about the stock market. Exit might be a good option.

k4korny SG

rising cost (due to oil) and debt leverage due to interest rates are major concerns..

but on the other side of the equation, demand and revenues is also rising. Most of the company results in the past quarters has been pretty decent.
I think, it has become a question of whether revenues will outrun the rising cost.

Gazelle SG

Past quarters result have already been reflected in today's stock prices. What we should be looking at is the result ahead of us. I think most company has already reach its peak and moving ahead, profit is likely to come down.

k4korny SG

Over the past 2 days, STI has dropped 18pts (-0.78%) over concerns of higher oil prices, as traders wait for the assessments of the damages caused by Hurricane Katrina.

oil has breached $70 per barrel tho some may think that the price is unsustainable. Nonetheless, it has dampen market sentiments and has made investors worried about its effect on the profitability of the companies.

Gazelle SG

I cant smell that the bears are coming. The trend of the oil price no longer move in accordance to supply demand, and it is clear that those who are responsible for it are in control of the oil price.

the next thing to happen is rising interest rate and bursting of the property bubble in the USA.

k4korny SG

recently, there's a lot of talk about oil manipulation and an oil bubble.. there was this article in Today about it.

but the thing about bears are that nobody will predict it coming.. the story about rising interest rates, oil prices and property bubble has been ard for quite some time liao. Even terrorism is factored into the market.

Consumer confidence is still high, growth momentum is high and unemployment is low. IMO, the market will probably move sideways, or downwards, but unlikely into recession. but there are still gems ard. Only time will tell... Wink

k4korny SG

STI has been see sawing betw 2310 and 2280 lately..
news papers has run out of ideas.. They are always talking either abt sell down due to oil, or profit taking on selected bluechips... come up with something more creative leh! Laughing

But there's been an absence of leads.. so also dunno wat to post. :s

BTW, I need another MOD! anyone wants to apply? Mr. Green

KumSioJui SG

The index is now 2300+ STI index will break 2500 by next year.

the property market in singapore is unique people buy first then build later. with the property now in full swing with all the new IR / condo launches and new business district all these things have yet to be built. And with so many projects in the pipeline the construction sector will white hot beginning next year. Mr. Green

onefour02 SG

whats there to mod? so few posts.

k4korny SG

nah.. not that. cos recently has been very bz.

no time to log in even. so need someone else to watch over the forum. Wink

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