Home THE DAILY EDGE Business STI +0.1% at midday; Stronger interest in small caps
STI +0.1% at midday; Stronger interest in small caps

Tags: China Hongxing | China Hongxing Sports | China Sports International | China Sports Intl | Hisaka Holdings | Serial System | Transcu Group

Written by The Edge   
Thursday, 09 September 2010 12:42
smaller text tool iconmedium text tool iconlarger text tool icon

Action in Singapore bourse still largely centered on lower liners, with blue chips mostly flat amid lack of firm leads, according to Dow Jones.

STI +0.1% at 3,014.41 midday, expected to hold above 3,000 for rest of session but likely below year-to-date 3,043 high.

Market breadth tad positive, with small caps dominating trade.

“To occupy their time while blue chips offer less attractive trading chances, deep-pocketed traders who can afford to roll over their positions have moved aggressively into lower liners,” says AmFraser Securities strategist Najeeb Jarhom.

China Hongxing Sports (BR9.SG) most active in market, flat at $0.20 vs 8-month high of $0.215 in early trade, followed by Transcu Group (E15.SG), +4.6% at $0.115. Other top-volume plays include China Sports (FQ8.SG), flat at $0.13, Serial System (S69.SG), +7.4% at $0.145, Hisaka (FV2.SG), off 2.9% at $0.33.

Quote this article on your site

To create link towards this article on your website,
copy and paste the text below in your page.




Preview :


Last Updated on Thursday, 09 September 2010 12:45