Sponsored Links

To retire by age 45, start with a plan.

"Is early retirement the right financial choice?" Jim Ellis discusses long-term financial growth strategies. I have blogged a...

Past blog posts now load week by week. The old style created a problem for some as the system would load 50 blog posts each time. Hope the new style is better. Search archives in box below.

Archives

"E-book" by AK

Second "e-book".

Another free "e-book".

Pageviews since Dec'09

FOLLOW AK ON FACEBOOK.

Recent Comments

ASSI's Guest bloggers

First REIT: MSCI Singapore Index.

Wednesday, June 1, 2011

The reason for First REIT's strong performance in recent sessions is now apparent:

First Real Estate Investment Trust says it has been included in the MSCI Singapore Index with effect from 1 June 2011.

MSCI is a leading provider of investment decision support tools worldwide, including indices, portfolio risk and performance analytics and corporate governance services.

The MSCI indices are among the most widely tracked global equity benchmarks covering companies with good operational results and growth prospects. By being a constituent stock on the MSCI Singapore Index, First REIT can be better tracked by a wider group of institutional investors and funds on a global platform.

First REIT's unit price failed to close higher today. Could it be a case of "sell on news"? A long legged doji formed today and this is ominous as it suggests indecision in an uptrend. A pull back could find immediate support at 77c, a previously many times tested resistance.


Immediate resistance at 80c was tested today with only 1 trade of 3 lots done. I am still in the queue to sell some at 80c and 80.5c. A pull back to the longer term support would see me buying more.

Related post:
First REIT: Partial divestment at 77c and 79c.


0 comments:

Monthly Popular Posts

 
 
Bloggy Award