August is now here and profitable

yuannn
2022-08-01

The two main factors affecting the performance include earnings and economic data. On the earnings front, local listed companies have recently started releasing their results, with OCBC and DBS, which have a large share of the index, releasing their results this week. UOB already released its results last week. "UOB's earnings beat expectations, led by higher net interest income, and investors will be watching to see if OCBC and DBS can replicate this solid performance.

Markets will also be watching economic data mainly from the US this week, including ISM data, JOLTS job openings data, etc. Weaker than expected economic data may contribute to the U.S. Federal Reserve being forced to slow the pace of interest rate hikes, thereby supporting global risk appetite and boosting local stocks.

Leading the gainers was $JARDINE CYCLE & CARRIAGE LTD(C07.SI)$, up 5.04% to close at $29.41. Leading the decliners was $KEPPEL DC REIT(AJBU.SI)$, which slipped 2.90% to close at $2.01.

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Comments

  • Hktee
    2022-08-01
    Hktee
    Like and comment :)
  • BengLee
    2022-08-02
    BengLee
    [Miser][Miser][Miser]
  • gov
    2022-08-02
    gov
    ok
  • MSing
    2022-08-02
    MSing
    [Cool]
  • PKLim
    2022-08-01
    PKLim
    good
  • ALEXNG88
    2022-08-01
    ALEXNG88
    [smile]
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