Daily SGX Market News by EPIC RESEARCH 18th February 2014

Open
3,048.70
Previous Close
3,038.71  
Year To Date
-3.01%  
1-Year
-3.76%  
Day Range
3,044.50-3,071.79
52-Week Range
2953.01-3464.79  

Singapore share prices opened higher on Monday with  the Straits Times Index up 7.02 points to 3,045.73.  Volume was 183.8 million shares worth S$87.7 million.  Gainers outnumbered losers 102 to 56. Singapore  shares ended higher on Monday with the Straits Times  Index gaining 30.57 points to 3,069.28. Some 2.57  billion shares, valued at S$1.09 billion were traded. Gainers numbered 302 while losers numbered 134.

AFTER rising 6.0 per cent in December, Singapore’s  non-oil domestic exports (NODX) went down again  with a 3.3 per cent year-on-year drop in January.  

Developers sold 565 private homes excluding ECs in  Jan 2014, up from 259 units in Dec 2013.

United Overseas Bank shares jumped to their highest  in two-and-a-half weeks on Monday on positive  quarterly results, while Singapore stocks extended gains from the previous week as the rest of Asia edged  up on easing concerns about emerging-market rout.

Sales of private homes by developers in Singapore fell  72.1 per cent in January compared to a year earlier, government data showed on Monday.

BUY JARDINE CYCLE ABOVE 38.000 TG 38.250, 38.600,  39.000 SL 37.740  

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