Global & Local Market Update, June 26

26-06-2012 08:10:08
SINGAPORE, June 26 (Reuters) - Following are some company-related and market news which could have an impact on the local market.

*MARKET SNAPSHOT @ 2357 GMT :

- INSTRUMENT LAST PCT CHG NET CHG -

DOW JONES <.DJI> 12502.66 -1.09% -138.12

S&P 500 <.SPX> 1313.72 -1.6% -21.300

USD/JPY 79.65 0.04% 0.030

SPOT GOLD 1585.28 0.08% 1.200

US CRUDE 79.3 0.11% 0.090

---------------------------------------------------------

* GLOBAL MARKETS

-Stocks, euro slide on European summit doubts [MKTS/GLOB]

-SE ASIA STOCKS-Philippine up on earnings hopes [.SO]

* LOCAL STOCKS

- Oversea-Chinese Banking Corp said on Monday it is setting aside another S$500 million ($391.5 million) to buy its shares from the market.

- Interra Resources said its jointly controlled entity Goldpetrol Join Operating Company Inc has started drilling at two of its wells in the Chauk oil field in Myanmar.

Bullish Signals 买进股票的10大讯号

(For education purpose, extracted from Annainvestor.com)
By anna On May 1, 2012 ·
买进股票的10大讯号1. 长期萎缩并且有若一滩止水的成交量，突然出现大于过去5日均量3倍以上的大量。股价又难以上涨作收。
2. 由成交量连线而成的量能先完成头肩底。V，w 型，等底部图形 。《量通常会走在价的前面至少5-7个交易日，就像是一面镜子，想知道价会怎么发展，先看量怎么走》
3. 行情下滑过程中， 周量连续两周急缩并创下波段最底周量，股价却出现止跌或者缓慢上升的背离现象。《耐心观察周量，将会比急着观察日量更能洞悉趋势》
4. 行情低迷下，再爆利空，股价卻连续两天不跌反涨，成交量明显增加。《想卖的都已卖光了，嗅觉灵敏的大户显然开始进场了》
5. 大涨一波的强势股初次拉回整理后，再度突破波段高点。《尚若错失了第一波行情，别难过，只要耐心等待，经常可以参与第二波的更大涨势。》
6. 股价一周来出现剧烈震荡，但是一最高价作收，10日平均移动线翻上。
7. 股价连续几天急挫之后，当日再跳空开底，但却以涨停或留长下影线的大移转作收。
8. 低迷行情中，周线静悄悄的出现两绿，起涨周的成交量大于过去周量的25%以上。《行情虽然低迷，至少也应一周观盘一次，尤其是要观察周线与周量的变化》
9. 类股中排名第一 二 的龙筹股双双走强，连续大涨3天或者是在5个交易日之中有4天上涨。《母鸡才能带动小鸡》
10. 股价跌进了个股 《地心吸引力线》下方20%的《地心引力区》之后，突然出现大于5日均量3倍以上的大量，股价又收绿。《地心引力区。已是严重超跌区域，股价几乎躺平了的时候，竟还会冒出大量，这难道是散户的杰作？别开玩笑了》
《地心引力区，是超跌区域，在这么低迷的气氛下，突然冒出大量，是谁在趁机买进？肯定不是散户》。

Crude Palm Oil Price Update

June 25, 2012 11:09 UTC+8
BMD Crude Palm Oil (CPO) At 3-Week High On US Weather; May Rise More

June 25 2012 11:00:44 AM

RM3042 ▲89 ▲3.01% US $952

(Source: http://www.palmoilhq.com/)

COMMODITIES REBOUND?

25-06-2012 10:53:30 (Extracted from UOB-KH Online News, Source: Reuters)

Commodities, which fell sharply last week on global growth fears, were firmer on Monday, with Brent crude oil gaining 10 cents to clamber back above $91 a barrel and copper bouncing 1 percent to around $7,383 a tonne. [O/R] [MET/L] Brent crude had fallen nearly 7 percent last week, while copper lost more than 2.5 percent.
Gold , which lost nearly 3.5 percent last week amid fears developed economies could be sliding towards deflation, firmed a touch to around $1,573.50 an ounce. [GOL/] But other assets linked to expected demand for commodities remained under pressure, with mining stocks such as BHP Billiton and Rio Tinto falling and the Australian dollar easing 0.3 percent to around $1.0020.

((To read Reuters Global Investing Blog click on http://blogs.reuters.com/globalinvesting ; for the MacroScope Blog click on http://blogs.reuters.com/macroscope) ((For the state of play of Asian stock markets please click on: <0#.INDEXA>))

STOCKS NEWS SINGAPORE

22-06-2012 13:09:42

Singapore shares slid to a one-week low, in line with other Asian bourses as weak manufacturing data from the United States, Europe and China fuelled concerns over the global economy.

By 0442 GMT, the benchmark Straits Times Index <.FTSTI> was down 0.4 percent at 2,818.63 points, but recovering from an intraday low of 2,798.84.

Rig builder Sembcorp Marine Ltd was the largest loser on the index, retreating 2.2 percent to S$4.54 as weak oil prices also hurt sentiment. Larger rival Keppel Corp Ltd lost 1.5 percent at S$10.06.

Palm edges up on U.S. dry weather outlook

Published : Tuesday June 19, 2012 MYT 1:23:00 PM

(Malaysia Star)

Malaysian palm oil futures gained on Tuesday on expectations of higher demand as dry U.S. weather could damage the soybean crop further, tightening global edible oil supply. A victory by pro-bailout parties in the Greek polls over the weekend appears to have lessened the risk for a renewed financial crisis, sending palm oil futures to close just below the RM2,900-mark on Monday. But as optimism began to fade in financial markets, dry weather cues came into play as the U.S. Department of Agriculture (USDA) said unfavourable weather had damaged soybean crop quality. "Prices should remain positive with the Greeks behind us. Dry weather in the U.S. Midwest also supports a bullish stance," said a trader with a local commodities brokerage in Malaysia.

Palm Oil

SINGAPORE, June 15 (Reuters)
- Malaysian palm oil futures closed slightly higher on Friday,
driven by rising exports and stronger global markets, although
gains were limited by jitters ahead of the Greek polls set for
this weekend. Investors took comfort in the news that major
central banks were preparing to take steps to stabilise financial
markets, providing support for palm oil prices.  

Global Outlook, 18 June

UOB-KH News, 18-06-2012 08:18:01
GLOBAL MARKETS-Euro jumps in relief rally after Greek vote [MKTS/GLOB] SE ASIA STOCKS-Singapore, Thai stocks lead gains on week[.SO]
MARKET NEWS > US futures rise after Greek election [.N] > US bond futures drop on Greek election result [US/] > Euro reaches one-month high on Greek vote results [USD/] > Gold falls after Greek vote, snaps 6-day rise [GOL/] > Oil up as pro-bailout Greek parties set for majority [O/R]

全球央行部署防希臘大選衝擊 國務院研究員﹕希倘脫歐 華增長難保七

Concerns of Greek election, Central Banks, and China Growth
全球央行部署防希臘大選衝擊 國務院研究員﹕希倘脫歐 華增長難保七

Golden Agri (GAR) rebounce/reversal

Downtrend since April, rebounce nicely fr Base .61
Today it broke Resistance of MA20~.64 wif volume, also broke downtrendline ~.645
Other bullish signals: three white soldiers, bullish divergence, bullish crossovers for Stoch n Macd, ADX +DI also hookup
Sup/Res=0.62/.67-.70

FA factor: Outlook of palm oil demand