MISSION STATEMENT: Stock investors can make money by careful investing. It is the mission of this blog to share stock investing knowledge and ideas so that we can all benefit from the stock market.
ABOUT
I am a remisier with a local Singapore stock broking house. This blog was set up as a personal endeavour for all stock investors to share their knowledge on stock investment, be it on Fundamental Analysis (FA) or Technical Analysis (TA). The combination of this knowledge would be FATA (发达）, which means to prosper in Mandarin. It is my sincere wish that members will benefit from this sharing of knowledge and prosper. For many of us, we need to make our money work harder for us so that we can have sufficient for retirement. But at the same time, be careful about your investment. As Warren Buffet said: "Do not lose your capital". DISCLAIMER: It is important to state here that this information sharing and discussion is purely for that purpose - sharing and discussion. This blog was started in good faith by the administrator, but all investors should take personal responsibility for their stock investment decision. Neither the administrator of this blog nor any of the contributors to this sharing/forum will be responsible for any loss that you may suffer as a result of your investment. You are advised to do your own research before making any investment decision. It is also important to state that inevitably, there will be stocks where the administrator and/or blog members would have an open position (or interest) in. This is inevitable as surely we would "put our money where our mouth is". In no way does it mean that we are soliciting your support to "pump up" the stocks as it is totally your choice whether to trade that particular stock or not.
Wednesday, 1 October 2014
STI as at close of 30Sep2014
CIC (China
Investment Corporation), the sovereign-wealth fund of China, reduced
its share of Noble from 13.8% to 9.4% today, causing a big sell down.
Noble's price dropped 6.81% at closing. CIC was said to have sold about
300 million share at S$1.32 a piece, down from Monday's close of
S$1.395. Being a component stock of STI, it contributed to the fall of
STI to 3276.74 pts from yesterday's close of 3289.72 pts. The fall in
STI today is putting more downward pressure on the index. MACD and RSI
indicators continue to be weak. The STI has broken below its 3275 pts
horizontal support. Its next support is the 150 day MA, failing which
would signal a bearish trend.
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