As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Wednesday, 8 May 2013

ST Index ended up 29.86 points, or 0.88 per cent, at 3,413.02, its highest finish since 4 January 2008



























SINGAPORE: Singapore's stocks closed higher on Wednesday, as Asian markets rose after Wall Street and European stocks reached new highs, and as China released better-than-expected trade data for April.

The ST Index ended up 29.86 points, or 0.88 per cent, at 3,413.02, its highest finish since 4 January 2008. The index climbed as high as 3,423.57 intraday.

Volume rose to 2.74 billion shares valued at S$1.93 billion from Tuesday's 2.44 billion shares valued at S$1.71 billion.

In New York on Tuesday, the blue-chip Dow Jones Industrial Average ended at a record high on renewed optimism about the US economy.

The Dow finished above 15,000 for the first time, jumping 0.58 percent, or  87.31 points, to 15,056.20. The S&P 500 rose 0.52 percent to 1,625.96 - its  fourth consecutive all-time closing high - while Nasdaq increased 0.11 percent.

In China, April imports increased 16.8 percent year-on-year to $168.9 billion while exports rose 14.7 percent to $187.1 billion.

The surplus came after China posted a rare deficit of $880 million in March and was above the median forecast of $15.6 billion in a poll of 12 economists by Dow Jones Newswires.

Wilmar tacked on 2.1 per cent to S$3.38 to become the best-performing STI component for the day
.
Among Wilmar's peers, Olam jumped 4.2 per cent to S$1.725 and Noble rose 2.2 per cent to S$1.165.

United Overseas Bank gained 1.25 percent to S$21.80 while Singapore Airlines was up 0.63 percent at S$11.25.

ST Engineering ended flat at S$4.37 after reporting first-quarter net profit was nearly flat on-year at S$134.0 million.

No comments:

Post a comment

Related Posts with Thumbnails