11 Jul '11, 12pm

IM$avvy Headlines: Portfolios manage to rise 0.4% #investment #finance

SINGAPORE stocks continued to climb, albeit just slightly last week as bad news had been kept at bay. All our portfolios edged up ever so slightly, with the average at 0.4 per cent. This, however, trailed the blue-chip Straits Times Index's gain. The lowest forward price-earnings portfolio was our best performer last week, rising by 0.8 per cent. China Taisan and JES were the biggest contributors to the portfolio. Hong Leong Asia and Sino- Environment were the other advancers. The biggest analyst upgrades portfolio was the most lacklustre of the lot, managing to climb by just 0.2 per cent. This week, the market is expected to be weak as hiring in the world's largest economy slowed to a near-standstill last month. This raised doubts that the US economy would rebound in the second half of the year after a spring slump. The economy generated only 18,000 net jobs in June, the ...

Full article: http://www.cpf.gov.sg/imsavvy/infohub_article.asp?readid=...

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