Undervalued Singapore Blue Chip Stocks

Singapore Stocks: SGX Stocks opened stronger on the Third day of the week (Sept 19, 2018), with the Straits Times Index rising 0.18 percent or 5.66 points to 3,145 as at 9.02am.

SGX market is ruled by gainers than losers 55 and 45 respectively. There are 11 securities which have moved up and 9 moved down. 44.6 million securities changed to worth 66.8 million.

China will force taxes on US$60 billion (S$82.3 billion) worth of US merchandise as countering for the new 10 for every penny tax that the United States declared on Monday (Sept 17) on US$200 billion worth of Chinese products.

Among the most intensely traded by volume, AusGroup Limited rose 2.4 percent or $0.001 to $0.042 with 3.4 million offers exchanged. Yangzijiang Shipbuilding headed up 2.7 percent or $0.03 to $1.14 with 10.2 million offers exchanged.

Active Singapore index stocks include Genting Singapore, Down 1.0 percent or $0.01 to $1.02. and Thai Beverage, down 0.8 percent or $0.005 to $0.645, YZJ Shipbldg SGD Up Change: +0.040, Change (%): +3.60, Open 1.120SGD and DELFI LIMITED Up Change: +0.020, Change (%): +1.79, Open 1.120SGD

 

Global Index Updates:

NASDAQ: U.S. stocks opened marginally higher on Tuesday, floated by an ascent in oil costs and concessions that examiners said made the most recent round of exchange levies on China less dam

FTSE: Sept 18 Britain’s FTSE 100 index is seen opening 37 points lower at 7,265 points on Tuesday, according to financial bookmakers, with FTSE 100 futures down 0.18 percent ahead of the cash market open.

HKEX: Hang Seng index opens High 19-Sept. HKEX shares rise at Wednesday’s open; HKEX up 27,170.02 from previous close 27,084.66

 

 

Commodity Market:

Gold: Gold markets fell amid the day on Tuesday after at first revitalizing, as we keep on seeing a great deal of worry far and wide because of exchange taxes being exacted against one another between the Chinese and Americans.
Crude Oil:

Crude Oil: In light of yesterday’s value activity and the nearby at $68.77, the bearing of the November WTI Crude Oil advertise early Wednesday is probably going to be dictated by broker response to the Fibonacci level at $69.33.

 

Singapore Dollar SGD:

SGD/USD trading at 1.3689 From here, the pair needs to descend through the 14.6% minor Fibonacci retracement at 1.36821 which would then expose the rising support line from June. Meanwhile, near-term resistance is 1.37451 which has also acted as support in the past.

 

 

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