1. Profit taking continues to be seen in the market last week. Market participants are lacking of confidence to hold on to their positions are many are anticipating further bad news. There was a strong rebound during the mid of the week but it failed to sustain. Moody had downgraded the banks of Singapore to negative rating. This caused the bank stocks to face downward pressure after the report. Support level at 2815 level was tested twice during the week and it managed to hold well. In the current sentiment, it will be hard for market participants to find reasons to buy. Hence, STI closed at

  2. Profit taking pressure starts to be seen last week as Straits Times Index failed to sustain above 2900 level. The week started with profit taking pressure which pushed STI back below 2900 level on Monday. There was some reluctance in dropping further for the next few days as it continues to attempt to test 2900 level. However, last week was a short week. Many were afraid of the weekend risk and decided to exit the market. This caused strong selling pressure to happen last Thursday which caused STI to fall further for the week. Hence, it ended at 2847.39 level with 59.41pts down.

    Many

  3. The Straits Times Index ignored previous week’s bearishness and decided to head higher last week. Many positive leads had helped to lift up STI mood last week. The key talking point last week was US Fed’s meeting on its possibilities of interest rate hike. As expected by the market, they decided to put the interest rate hike on hold and delay to a much later date to discuss. Oil prices also help to lift the sentiment last week. The rebound managed to sustain and this helped oil related companies to gain some bullish traction. Hence, STI was seen pushing higher during the last 2 days of the

  4. The Straits Times Index faced volatility last week as market participants doubted on the sustainability of the recent bullish surge. The week started with profit taking pressure which pushed STI lower for 2 consecutive days. However, many are still hopeful of the market recovery as positive sentiments are derived from the aftermath of a series of economic stimulus policies from various countries in the world. Oil prices also managed to stabilise after profit taking pressure. Hence, STI was seen being able to stay around 2815 level for the rest of the week. A new support level seems to be fo

  5. The Straits Times Index clocked the strongest gain for the year last week. Positive sentiment was buoyant by the rebound in oil prices and clear indication of various countries to spur the world economy with various economic tools. This comforted market participants whom had been plagued with fear for an extended period of time. Strong short coverings were seen in the market while bargain hunters rushed into the market; Pushing STI to break its key resistance at 2680 level last Tuesday. The breakout was in a gap up form and this greatly convinced many that STI have reversed its downtrend mo

  6. The Straits Times Index attempted to trade higher last week but it started to face profit taking pressure. It had a strong start during the early week by reaching as high as 2684 level on Tuesday. However, fresh worries on the whole economic situation starts to form again. Oil price retraced and caused another round of selling pressure in the market. Oil related companies were hit and hence, causing STI to return its gains it had accumulated from the previous weeks. It managed to hold above 2610 support level last Friday as hopes of stabilisation of current situation is being heightened.

  7. The Straits Times Index seems to be in buoyant mood during the 2nd week of Chinese New Year. The week started with a strong bullish action as market participants starts to hunt for bargains. This bullish mood helped STI to break out from its resistance at 2610 level and managed to test its recent high at 2644 level. Some resistance was seen at this level but it did not stop STI from attempting to trade higher. The bullish mood was sustained by good corporate earnings report as market participant scrambled to adjust the valuation of the market. 2610 breakout held well during the w

  8. Chinese New Year mood was dampened by the bearish sentiment when market reopened last Wednesday. US and Japan markets suffered a sharp fall as market participants digested the impact of negative interest rate implemented by Bank of Japan. The main reason of bearish was that the expectation of worsening of world economic situation had forced Japan to take up this extreme policy which has yet to be proven as the best way to spur economic growth. Furthermore, negative interest rate will impact on the competitiveness of the banking sector. This caused drastic fall in the banking sector stocks.

  9. Here is the result of my study of DBS's historical financial ratio during the market bottom of 2003 & 2009.
     
    I have made a scale to compare the current P/E, Div Yld & P/B ratios with the historical ratios' range. The range consist of the Min, Max and Averages.
     
    Here is the evaluation:
     
    P/E study:
    DBS is currently trading slightly lower than average Historical P/E.
     
    Div Yield study:
    DBS is yielding slightly lesser than the Histo
  10. Here is the result of my study of OCBC's historical financial ratio during the market bottom of 2003 & 2009.
     
    I have made a scale to compare the current P/E, Div Yld & P/B ratios with the historical ratios' range. The range consist of the Min, Max and Averages.