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STI Recouped Losses
07 Oct 09

After a strong rebound in the U.S. markets on Tuesday with the Dow surging 1.2% day-on-day (dod), most Asian markets followed suit to finish in positive territory…

After a strong rebound in the U.S. markets on Tuesday with the Dow surging 1.2% day-on-day (dod), most Asian markets followed suit to finish in positive territory. This was on the back optimism returning with a better than expected reading from the services sector in the U.S. The STI (+1.1% dod, 2,611.9) recouped some of its losses made over the past 3 days.


Capitaland benefits from plan to list subsidiary
Capitaland staged a strong return yesterday after being lifted from its trading halt on Tuesday following its announcement to list its CapitaLand Retail subsidiary in Singapore as CapitaMalls Asia. The stock advanced 2.2% dod to $3.75 to set its highest closing level since 16 September 09.

Call warrant CapitalanMBLeCW91103 (H6ZW) exercise price $3.80.*

Call warrantCapitalaMBLeCW100203 (I3TW) exercise price $3.90.*

Put warrantCapitalanMBLePW091204 (H7FW) exercise price $3.70.*


CPO prices advanced for a second day
Crude palm oil (CPO) prices rallied for a second straight day to close at 2,062.0 ringgit per ton (+1.0% dod). This encouraged buying in CPO counters – First Resources (+2.9% dod, $0.90); Indofood (+4.4% dod, $1.65); Golden Agri (+8.6% dod, $0.44) and Wilmar (+2.8% dod, $6.22).

Call warrant FirstResMBLeCW100203 (I4AW) exercise price $1.00.*

Call warrant IndoAgriMBLeCW100203 (I3WW) exercise price $1.90.*

Call warrant Wilmar MBLeCW100303 (I4DW) exercise price $6.80.*


Ezra bounces back
Ezra made a sharp turnaround yesterday after a 3.9% dod decline the day before to close up at $1.80 (+4.1% dod).

Call warrant Ezra MBLeCW100203 (I3ZW) exercise price $1.80.*

 

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