CLICK HERE FOR THOUSANDS OF FREE BLOGGER TEMPLATES »

For the pretty, chic and rich readers...





Thursday, April 22, 2010

Today... Zzzzz

There was't much movement from the market today except for the few counters, KepLand, F&N, SGX, City Dev, Bakertech. I'm surprised how sensitive the market is, re-adjusting and reacting to all the news... one after another... even the Hong Kong futures and Shanghai futures dropped today. It will be a challenge for STI to cross the 3000 mark for furthur upside.
Office is so quiet today.. usually the phones are ringing non-stop and people constantly shouting for breakout counters. I hear nothing today. It's amazing how I can still keep myself awake especially after a long night yesterday.

0818 GMT [Dow Jones] Rebound in number of blue chips pushing STI back to positive territory. Index +0.4% at 2980.89 after holding below water for most of session. Resistance expected at 3000. "For the blue chips, there are a lot of dividends to collect from them. I guess the big boys have taken advantage of the pullback earlier to accumulate," says dealer at foreign brokerage. Out of 30 component stocks, half still trading cum-dividend. Notable gainers include Keppel Corp. (BN4.SG), +3.4% at S$9.97, SGX (S68.SG), +2.4% at S$8.26, Fraser & Neave (F99.SG), +2.9% at S$4.99, Wilmar (F34.SG) +1.2% at S$6.88. Prices in broader market, however, still mostly lower, with market breadth at 1.5 decliners for every gainer. (frankie.ho@dowjones.com)


Just for Laugh!
There was a tremendous turnaround in the market today:

A stockbrocker who jumped out of a window on the twelfth floor, saw a computer screen on the seventh floor and did a U-turn.

0 comments: