Home THE DAILY EDGE Business STI +0.4%; 3100-3200 range till year-end -UOB
STI +0.4%; 3100-3200 range till year-end -UOB

Tags: China Xlx | Top Global | UOB | XinRen Aluminum

Written by Dow Jones & Co, Inc   
Thursday, 28 October 2010 14:54
smaller text tool iconmedium text tool iconlarger text tool icon
STI +0.4% at 3137.61 in afternoon, stages mild rebound after yesterday's 1.2% slide; index treads tiny 8-point range today; Andrew Chow, Head of Research at UOB, expects the market to remain rangebound near-term; “most people are unwilling to take too much of a position ahead of QE2. The market is still determined a lot by external factors.” 

On domestic front, says good GDP numbers, economic data “are pretty much discounted already, so there's not much to look forward to. Trade will be quite industry, sector, or stock specific.” Tips 3100-3200 range till year-end. Top Global (519.SG) shares halted after soaring 200% to $0.015 with 495 million shares traded; blocks deals account for much of volume; company also says part of newly-awarded Capitol development project. XinRen (MN5.SG) off 8.9% at $0.580 after listing yesterday. China XLX (B9R.SG) +0.9% at $0.585 after 3Q results. 
 
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, 28 October 2010 14:56