Shayne Heffernan

Singapore Stock Market News

Shares in Singapore closed higher on Thursday, with the benchmark Straits Times Index at 2,997.65, up 0.41 per cent, or 12.27 points. Around 1.4 billion shares exchanged hands. Gainers beat losers 253 to 187. The Monetary Authority of Singapore (MAS) said it posted a net profit of 10.12 billion Singapore dollars (about 7.4 billion U.S. dollars) during the [...]

Volatility Leaves Goldman Sachs and Berkshire Hathaway Short

Goldman Sachs said its bets that stock swings would narrow lost money in the second quarter, according to its earnings statement. While the firm didn?t break out the loss, Goldman Sachs said revenue in the division arranging the trades slumped 62 percent from a year earlier to $1.21 billion. Ed Canaday, a spokesman for the [...]

Shayne Heffernan on XLY The Consumer Discretionary Select Sector SPDR Fund

The Consumer Discretionary Select Sector SPDR Fund, whose members include Home Depot and Lowe?s, fell 1.3 percent at 12:29 p.m. today and has lost 6.4 percent since June 15. The SPDR S&P 500 ETF Trust, which tracks the S&P 500 index, is down 1.9 percent during the same period. At these low prices the stock [...]

Thailand Stock Exchange News

The Stock Exchange of Thailand (SET) composite index gained 0.81 point or 0.09 per cent to close at 854.59 points. The market value was 27.62 billion baht, with 5.79 billion shares traded. The strength of the Thailand Market puts it on track to break 1000 before March 2011 according to Shayne Heffernan of Ebeling Heffernan. Top [...]

Malaysian Stock Market Posts Gains

Bursa Malaysia ended higher for the day with the benchmark index rising 3.22 points to 1,358.41., 386 were up, 345 were down while 279 remained unchanged. There were 999.6 million shares done at a total value of RM1.48 billion. Among the heavyweights Axiata jumped 16 sen to RM4.31, Genting rose 5 sen to RM7.85 and DiGi [...]

Soros to Buy Stake in Indian Exchange

George Soros is in advanced talks to buy a 4% stake in India?s Bombay Stock Exchange (BSE) for US$35-US$40mil, two sources with direct knowledge of the situation said yesterday. Soros Fund Management would buy the stake in Asia?s oldest stock exchange from Dubai Financial, part of sovereign fund Dubai Holding, the sources, who declined to be [...]

Ebeling Heffernan Stong Buy AirAsia Carried More Passengers Last Quarter

According to its preliminary operating statistics for April to June that were released yesterday, AirAsia carried 3.89 million passengers in the second quarter compared with 3.52 million a year ago. The carrier?s load factor increased to 77% compared with 75% previously. Its available seat kilometres, which measures the airline?s passenger capacity, rose 9.1% to 5.94 million in [...]

Jakarta Hits New Highs

The Jakarta Composite Index posted the biggest gain among major Asian stock markets on the day as some of the biggest companies reported healthy earnings, despite discouraging economic news from the United States on Wednesday. The JCI rose 39.34 points, or 1.3 percent, to close at 3,096.82. Volume was unusually heavy, with 6.7 billion shares [...]

Wall St Retreats

Akamai Technologies Inc. slid 12 percent after saying its profit margin shrank, while Nvidia Corp. and Symantec Corp. lost more than 9.5 percent after issuing profit forecasts. Colgate- Palmolive Co. sank 7.9 as its sales missed analyst estimates. Financial shares erased gains as New York Attorney General Andrew M. Cuomo said his office served subpoenas [...]

ASEAN News Summary

? National 3G operator role proposed A Thai government committee has proposed that state telecom agencies, TOT Plc and CAT Telecom, serve as national 3G operators and end their retail commercial roles to not compete with private operators, the Bangkok Post report.. ? PTTEP to sign gas deal with Burma PTT Exploration and Production Plc (PTTEP) will sign [...]