Morning Highlights
Singapore stocks edged higher, with STI up 12.92 points to open at 3,024.34. Investors are taking their cue from gains on Wall Street after the Federal Reserve's Beige Book report indicated the U.S. economic expansion was continuing, albeit "with widespread signs of a deceleration compared with preceding periods."
Watch Out For Economic News Today:
- U.S July Trade Balance
- U.S Initial Jobless Claims
Corporate Announcements:
- OCBC's Great Eastern Holdings Ltd. has incorporated a new wholly-owned company, I Great Capital Sdn Bhd .
News Updates:
- U.S. stocks post modest gains early Wednesday; Portuguese bond sale allays Europe concern
- U.S. stocks end higher, recouping some of previous day's losses; Dow rises 46 points
- Fed's Beige Book reports slowing growth as Obama outlines tax measures
- Irish government will split Anglo Irish Bank in two
- Canadian central bank raises key interest rate to 1%; loonie posts gain vs. U.S. dollar
- BP: multiple firms and work teams to blame for Gulf of Mexico oil spill
- The Australian competition commission Wednesday rejected undertakings proposed by National Australia Bank as part of its attempt to buy AXA Asia Pacific Holdings Ltd . National Australia Bank was still on the rise even as its bid for AXA Asia-Pacific was blocked by Australian competition regulators.
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 | FCRT | Frasers Centerpoint Trust | 1.51 | 1.40 | 1.62 | ||
| 2 | SPGP | Super Group Ltd | 1.11 | 1.00 | 1.22 | ||
| 3 | GENH.SI | Genting Hong Kong Ltd | 0.47 | 0.395 | 0.545 |
Stock Prices last updated at 9:00 (Singapore Time)
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