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SGX STOCKS ON WATCHLIST: LIM & TAN
SGX has placed 3 of them (Blumont, Asiasons and
Liongold) under ?designated? category, meaning
that investors who buy these stocks would have...
to pay up-front and those sell them must have the
stocks in their CDP accounts.
These 3 stocks were suspended from trading last
Friday and will resume trading this morning at 9
am.
In their reply to SGX?s query regarding the recent
extreme volatility in their share prices, some of these
companies have said that their companies stocks have
been placed under ?trade restrictions? by UOB Kay
Hian.
Besides Asiasons, Blumont and Liongold, UOB Kay
Hian?s list also includes Cedar, Digiland, Innopac
Holdings, IPCO, Metech International, Mirach
Energy, NexGenSCom, Transcu, Vallianz, We
Holdings, YHM, and EMS Energy.
Some of these micro-cap stocks have seen persistent
insider sales in the past few months as their shares
were lapped up by the market as their counterparts
got chased up across the board on market rumors,
share placement, and potential RTOs.
We have been warning for some time to be cautious
and follow the smart money ?insiders? to sell as well.
Trading stock markets is gambling when you do not have a strategy.....LOL
Sporeguy ( Date: 07-Oct-2013 10:48) Posted:
Trading in pennies is similar to gambling in casinos. With shortings, SGX has make stock market more than casinos.
teeth53 ( Date: 06-Oct-2013 21:09) Posted:
http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure
Singapore Exchange (SGX) will lift the suspension of securities on Monday, 7 October 2013, at 0900 hours.
SGX Declares...
Blumont Group Designated Security
Asiasons Capital Designated Security and
LionGold Corp Ltd (LionGold)
SGX concurrently declares LionGold and its related securities as Designated Security with the following trading restrictions:-
(i) Prohibited sale of shares unless the seller holds the Designated Securities in the quantity to be sold and
(ii) Prohibited purchase of shares unless the buyer makes cash payment at the time of order execution.
SGX will continue to monitor the trading of LionGold and review the circumstances in due course to end the declaration.
Shareholders and investors are advised to trade with caution.
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Trading in pennies is similar to gambling in casinos. With shortings, SGX has make stock market more than casinos.
teeth53 ( Date: 06-Oct-2013 21:09) Posted:
http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure
Singapore Exchange (SGX) will lift the suspension of securities on Monday, 7 October 2013, at 0900 hours.
SGX Declares...
Blumont Group Designated Security
Asiasons Capital Designated Security and
LionGold Corp Ltd (LionGold)
SGX concurrently declares LionGold and its related securities as Designated Security with the following trading restrictions:-
(i) Prohibited sale of shares unless the seller holds the Designated Securities in the quantity to be sold and
(ii) Prohibited purchase of shares unless the buyer makes cash payment at the time of order execution.
SGX will continue to monitor the trading of LionGold and review the circumstances in due course to end the declaration.
Shareholders and investors are advised to trade with caution.
evahsu ( Date: 05-Oct-2013 15:52) Posted:
TRADERS welcomed Friday's flurry of trading queries and suspensions from the Singapore Exchange (SGX) on a number of penny stocks, saying that the move would refocus market interest on less risky names.
" The penny stock rally is over," one trader said.
In a rare move, the regulator on Friday queried the trading activity of six stocks, an unusually high number.
SGX said it has exercised its authority to temporarily suspend trading in the shares with immediate effect.
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No wonder tv teletext also no longer in service...govt clamped down on retailer uncles and aunties too.
Genting RW will be popular once again for some time to come. Maybe can consider to buy their share.Haha
Do the last penny buy up today....opportunity
http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure
Singapore Exchange (SGX) will lift the suspension of securities on Monday, 7 October 2013, at 0900 hours.
SGX Declares...
Blumont Group Designated Security
Asiasons Capital Designated Security and
LionGold Corp Ltd (LionGold)
SGX concurrently declares LionGold and its related securities as Designated Security with the following trading restrictions:-
(i) Prohibited sale of shares unless the seller holds the Designated Securities in the quantity to be sold and
(ii) Prohibited purchase of shares unless the buyer makes cash payment at the time of order execution.
SGX will continue to monitor the trading of LionGold and review the circumstances in due course to end the declaration.
Shareholders and investors are advised to trade with caution.
evahsu ( Date: 05-Oct-2013 15:52) Posted:
TRADERS welcomed Friday's flurry of trading queries and suspensions from the Singapore Exchange (SGX) on a number of penny stocks, saying that the move would refocus market interest on less risky names.
" The penny stock rally is over," one trader said.
In a rare move, the regulator on Friday queried the trading activity of six stocks, an unusually high number.
SGX said it has exercised its authority to temporarily suspend trading in the shares with immediate effect.
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Washington headed into the fifth day of a partial government shutdown with no end in sight even as another, more serious conflict over raising the nation's borrowing authority started heating up.
The US House of Representatives prepared for a Saturday session but with no expectations of progress on either the shutdown or a measure to raise the nation's US$16.7 trillion debt ceiling. Congress must act by Oct 17 in order to avoid a government debt default.
Republican House Speaker John Boehner tried on Friday to squelch reports that he would ease the way to a debt ceiling increase, stressing that Republicans would continue to insist on budget cuts as a condition of raising the borrowing authority.
On the shutdown, Boehner said Republicans were holding firm in their demand that in exchange for passing a bill to fund and reopen the government, President Barack Obama and his Democrats must agree to delay implementation of Obama's health care law.
TRADERS welcomed Friday's flurry of trading queries and suspensions from the Singapore Exchange (SGX) on a number of penny stocks, saying that the move would refocus market interest on less risky names.
" The penny stock rally is over," one trader said.
In a rare move, the regulator on Friday queried the trading activity of six stocks, an unusually high number.
SGX said it has exercised its authority to temporarily suspend trading in the shares with immediate effect.
Obama famous word. "
I will not negotiate" . Congress said....
If Obama is still very stubbornly want it to his very own way. It will not work his way. Compromise, compromise n com pro.use....will settle the debt silly ceiling. Both houses will lock horn to make history for the first time. Govt really really shutdown. No child play.
teeth53 thot - Change Obamacare health policy to
NATIONAL NATION HEALTH Policy n not Obamacare.
teeth53 ( Date: 27-Sep-2013 22:20) Posted:
Obama famous word. " I will not negotiate" . Congress said....
U.S. debt ceiling to rise Vs Obamacare.....Vs A U.S shutdown.
Penny's kena hit. Today, esp is Friday, alot traded red into -ve territories.
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House Speaker
John Boehner denounced the political stalemate that has shut down Washington for the fourth consecutive day Friday, insisting that Congress isn't playing " some damn game."
In an animated press conference, Boehner chided both President
Barack Obama and Senate Majority Leader
Harry Reid for what he called their refusal to negotiate over Republicans' concerns about
Obamacare.
Hahaha. At least some smiling faces looking at the screen. Good luck.
stockmarketmind ( Date: 05-Oct-2013 07:48) Posted:
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By Alex Barinka & Aubrey Pringle - Oct 5, 2013 4:53 AM GMT+0800
U.S. stocks rose, with the Standard & Poor?s 500 Index trimming a weekly decline, as optimism grew that the lawmakers would reach a deal to end the budget impasse and avoid a default on the federal debt.
The S& P 500 (SPX) climbed 0.7 percent to 1,690.50 at 4 p.m. in New York. The Dow Jones Industrial Average added 76.10 points, or 0.5 percent, to 15,072.58. About 5.2 billion shares changed hands on U.S. exchanges, 9.6 percent below the three-month average.
?There?s a working presumption that this is fundamentally theater and it?s going to work itself out favorably,? Mackintosh Pulsifer, vice chairman and chief investment officer of Fiduciary Trust Co. International in New York, said in a phone interview. He helps oversee $15 billion. ?There will not be a default, we?ll find some way to raise the debt ceiling, and government workers will go back to work. In a few weeks it?s not going to have any impact.?
The S& P 500 dropped 0.1 percent this week, trimming a decline that reached as much as 1.3 percent, as the first partial government shutdown in 17 years began on Oct. 1, placing as many as 800,000 federal employees on unpaid leave and closing some services.
Boehner Comments
House Speaker John Boehner reiterated today that he won?t allow the U.S. to default on its debt, even if that requires Democratic votes as House Republicans met in Washington to find a solution to the budget impasse. Boehner later said reopening the government must start with negotiations and that he has no intention of ?rolling over? on spending concessions.
Pacific Investment Management Co.?s Bill Gross and BlackRock Inc.?s Larry Fink said the showdown will be resolved without a debt default.
?It?s theatrics posed by politicians to get ratings or to get their way via legislation,? Gross said yesterday at an event in Beverly Hills, California.
Federal Reserve Bank of San Francisco President John Williams estimated a two-week government halt would shave 0.25 percentage point off fourth-quarter economic growth. A one-week closure would probably take 0.1 percentage point from economic growth, according to the median of 40 estimates in a Bloomberg survey of economists.
?Bigger Concern?
The budget impasse has raised concern that lawmakers will be unable to make progress on a deal to increase the debt limit. The Treasury has said measures to avoid exceeding the $16.7 trillion cap will be exhausted by Oct. 17 and warned yesterday that a default could have catastrophic consequences that might last decades.
?A federal default is a bigger concern for markets than the budget disagreement,? said Manish Singh, who helps manage $2 billion as head of investments at Crossbridge Capital in London. ?It?s good that the House speaker is determined to prevent a U.S. default even if the debt-ceiling bill does not have majority Republican support.?
The shutdown delayed the release of the Labor Department?s monthly payrolls report, which was due today. The lack of data is making it harder for Fed policy makers to assess the health of the economy as they consider when to start paring unprecedented monetary stimulus.
?Useful Buffer?
Atlanta Fed President Dennis Lockhart said the shortage of economic news ?would tend to make me somewhat more cautious? about reducing the pace of bond purchases. Minneapolis Fed President Narayana Kocherlakota said the stimulus serves as a ?useful buffer? against fiscal policy headwinds.
?The taper is off the table for October, that is a silver lining for the market,? Phil Orlando, New York-based chief equity strategist at Federated Investors, said in a phone interview. His firm manages about $380 billion in assets. ?Given the fact that there is no jobs data and given the fact that we have triggered the potential breach of the debt ceiling, in my opinion there is zero chance that the Fed is going to commence the taper at the October 29-30 FOMC meeting.?
The Fed stimulus and better-than-forecast corporate earnings have helped the S& P 500 rally 19 percent this year and as much as 155 percent from its March 2009 low.
The Chicago Board Options Exchange Volatility Index, or VIX, dropped 5.3 percent to 16.74 today, paring a weekly gain to 8.3 percent. The equity volatility gauge has fallen 7.1 percent this year.
Stocks bounce back after steep slide
By Hibah Yousuf @CNNMoneyInvest October 4, 2013: 4:28 PM ET
Click the chart for more stock market data.
NEW YORK (CNNMoney)
Stocks moved higher Friday following two days of losses, but investors remained relatively cautious on the fourth day of the government shutdown.
The
Dow Jones industrial average, the
S& P 500 and the
Nasdaq advanced between 0.5% and 0.9%. The gains came at the end of what was a mostly down week on Wall Street. The Dow fell 1.2% and the S& P 500 slipped 0.1%. Friday's move higher helped the Nasdaq book a 0.7% gain for the week though.
The
government shutdown has created plenty of uncertainty and left an estimated 800,000
federal employees waiting to go back to work.
The shutdown is also delaying the release of the government's monthly
jobs report, originally scheduled to come out Friday morning. Since the recession, the report has become the most closely watched indicator on the economy.
Click here for more data on stocks, bonds, currencies and commodities
With little else to focus on, investors will continue to watch Washington for developments on the budget deal and the looming deadline to raise the
debt ceiling. Failure to raise the debt limit is likely to have a significant impact on the global economy, as well as stocks, bonds and
currency markets.
Though the political gridlock has sparked volatility on Wall Street, some experts say it is also creating bargains in the stock market.
" Think of this period of uncertainty as a buying opportunity for investors who are under-allocated to equities and have a long time horizon," said Kristina Hooper, head of investment and client strategies at Allianz Global Investors. She noted that although stocks plummeted in 2011 in the aftermath of an ugly debt ceiling debate and subsequent credit downgrade, they recovered and continued to rally.
Plus, it's unlikely the Federal Reserve is going to cut back on stimulus anytime soon, especially if the shutdown lingers and the country defaults on its debt. The last thing the Fed wants to do is scale back, or taper, its $85 billion per month in bond purchases at a time that could send the market into a tailspin, Hooper said.
North and South American Indexes
ps over u
Rally will continue.. New high for Dow
U.S. stocks rise Dow reclaims 15,000 level
Next week should see a market recovery...!
