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| 08-Dec-2016 21:20 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Straits Times Index 2,958.86 -0.03% -0.98 ▼
Singapore shares close firm even as STI slips into the red THE Straits Times Index on Thursday first powered up to an intraday and 2016 high of 2,980 before wilting in the afternoon session to end at 2,958.86, a net loss of just 0.98 of a point. The broad market however, was marginally firm, recording 240 rises Versus 216 falls. The early push came from yet another all-time high on Wall Street on Wednesday and a relatively firm session for the Dow future. After early rising 30 points the contract stood just five points higher at 5pm, suggesting only a slightly firm opening for Wall Street On Thursday. Trading in the three banks reached to S $ 391 million or around 28 per cent of the whole day' s takings. DBS' s S $ 0.18 fall to S $ 18.14 came with 13.2 million done and accounted for S $ 241m in value traded. |
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| 08-Dec-2016 06:34 |
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STI to cross 3000 boosted by long-term investors
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Dow, S & P and transports close at all-time highs as stocks surge more than 1% U.S. equities closed sharply higher on Wednesday as the Dow and S & P hit new record highs, while investors awaited a monetary policy announcement from the European Central Bank. The S & P 500 erased earlier losses to gain around 1.3 percent, with telecoms rallying around 2.4 percent to lead advancers. " This 2,219 level [on the S & P] was on a lot of people were expecting to see some resistance, and we went through it like a hot knife through butter," said JJ Kinahan, chief market strategist at TD Ameritrade, Was also boosted by some short covering. " A lot of people have been saying ' this is the end' and have ended up with very little money in their hands." The Dow Jones industrial average received nearly 300 points, with Home Depot, IBM and Goldman Sachs contributing the most gains. The Dow Transports, meanwhile, hit their first intraday high since 2014 and closed at an all-time high. Since Nov. 8, Transports have risen more than 12 percent. " I think this is more momentum from the Trump rally," said Adam Sarhan, CEO at 50 Park Investments. " You' ve got the financials, transports, steel stocks, small and mid-cap stocks all trading higher. The areas that have Worked [since the election] continue to work. " While all this is happening, you' ve seen actually no selling. That' s very good for stocks moving forward," he said. The Nasdaq composite rose 1.2 percent despite the iShares Nasdaq Biotechnology ETF (IBB) shedding around 3 percent. The small caps Russell 2000 and the S & P Mid Cap 400 closed at record highs. Maris Ogg, president at Tower Bridge Advisors, said " we might get a correction" in the near term, " but there is so much low-hanging fruit that some of these reforms are going to be enacted. Recognizing that some of the problems we ' Ve had have been because of poor policy, they can be capable corrected.' Overseas, European stocks traded higher, with the pan-European Stoxx 600 index gaining 0.9 percent. In Asia, stocks closed mostly higher, with the Shanghai composite advancing 0.71 percent and the Nikkei 225 gaining 0.74 percent. In oil markets, West Texas Intermediate futures for January delivery settled 2.3 percent lower at $ 49.77 per barrel as doubts over an agreed upon OPEC production cut persisted, despite a reported drawdown of 2.4 million barrels by the Energy Information Administration. Read more ..... |
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| 07-Dec-2016 05:06 |
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Stocks trade slightly higher as telecoms jump more than 1% Fed, ECB in focus U.S. equities rose on Tuesday, as a post-election rally continued, while investors digested key economic data and braced for two key central bank meetings. The Dow Jones industrial average rose about 20 points, with Goldman Sachs adding the most gains. Earlier, Boeing shares were under pressure after President-elect Donald Trump threatened to cancel an order for a new 747 Air Force One. The S & P 500 gained 0.2 percent, with telecommunications rallying 1.5 percent to lead advancers. Energy shares, meanwhile, erased earlier losses to trade slightly higher. U.S. crude futures for January delivery fell 1.7 percent to settle at $ 50.93 per barrel. Stocks have rallied sharply since Donald Trump stunned the world by defeating former Secretary of State Hillary Clinton in the US presidential election, with optimism for greater infrastructure spending and deregulation of certain sectors propelling the sharp increase. The Russell 2000, which is composed of small- Cap stocks, has handily outperformed the three major indexes. In economic news, third-quarter U.S. productivity rose at an annualized rate of 3.1 percent, the Labor Department said, while the U.S. trade deficit widened to $ 42.6 billion. October factory orders, rose 2.7 percent, slightly above a 2.6 percent estimate from Reuters. The data was released as investors got ready for the Federal Reserve' s meeting next week and a European Central Bank announcement on monetary policy due Thursday. The Fed is largely expected to raise interest rates by 25 basis points, as investors look for clues about the central bank' s pace of normalization. According to the CME Group' s FedWatch tool, market expectations for a rate hike next week are more than 90 percent, but While 5.2 percent for a February increase. Meanwhile, the ECB is widely expected to extend its quantitative easing beyond March 2017. Overseas, European equities traded mostly higher, with the pan-European Stoxx 600 index rising 0.97 percent, as political crisis worries faded. In Asia, stocks rose rose after the Reserve Bank of Australia kept interest rates unchanged, with the Nikkei 225 rising 0.47 percent. Gold futures for February delivery fell $ 6.40 to settle at $ 1,170.10 per ounce. Read more ..... |
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| 06-Dec-2016 06:28 |
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STI to cross 3000 boosted by long-term investors
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Dow notches new record closing high as Street shrugs off Italian referendum U.S. equities closed higher on Monday, unfazed by a key vote in Italy which led to Prime Minister Matteo Renzi' s resignation, as financials, technology and consumer discretionary stocks rose around 1 percent. The Dow Jones industrial average gained around 45 points, notching record highs on an intraday and closing basis, with Goldman Sachs contributing the most gains. The S & P 500 advanced 0.58 percent, with financials, information technology and consumer discretionary leading advancers. The Nasdaq composite outperformed , Closing 1 percent higher. Stocks have been on a rip-roaring rally since the US election, with the three large-cap indexes rising more than 2 percent. " I think we' ll be OK through the rest of the year," said Tom Siomades, head of Hartford Funds Investment Consulting Group. " There really is not that much to wrap your hands around through the rest of the year." Renzi said he would step down after being defeated in a referendum regarding his plan to overhaul the Italian constitution. Renzi said voters had shown a " clear" rejection of legislative reform measures and that he would meet with his cabinet on Monday and then hand in his Resignation to the President Sergio Mattarella, taking full responsibility for the defeat. The reforms would have made it so that that the executive branch needs approval only from parliament' s lower house in order to pass laws. Legislation is a slow, arduous process in Italy, where there are a high number of lawmakers relative to the population, and where the Two houses of parliament principles have the same, duplicate powers. But " going into the vote, ... the market had expected any trouble in terms of liquidity, particularly with the banks, would be mitigated by a Mario Draghi put," said Quincy Krosby, market strategist at Prudential Financial. Banca Popolare di Milano fell more than 7 percent in European trade. " I think the fact that we went through the referendum and not much has changed since then is [good] for U.S. markets," said Kate Warne, investment strategist at Edward Jones, adding that U.S. stocks were taking their cue from European markets. The euro briefly dipped more than 1 percent against the dollar on Sunday evening, before trading higher against the US currency. As of 4:01 pm ET, the European common currency traded 0.94 percent higher, at $ 1.0765. European stocks also rose, with the Pan-European Stoxx 600 index rising about 0.56 percent. We did not react today to Italy, " however, I think this is the calm before the storm," said Peter Cardillo, chief market economist at First Standard Financial, noting that the referendum' s defeat puts the country' s banks in a vulnerable spot. " Much of the bounce back is mainly due to the victory of the Green party over in Austria which has faded the picture that there would be any outcome such as Brexit. But the pain for the euro may continue as the upcoming elections over in Germany, Netherland, France and Italy will maintain their pressure, " said Naeem Aslam, chief market analyst at Think Markets, in a note." The support of 1.02 could be tested in the coming months and we will be watching this level very closely. Investors also payed attention to remarks made by New York Federal Reserve President William Dudley, in which he said he favors gradual rate hikes if the US economy stays on track. The expectation among investors is for the Federal Reserve to hike interest rates at its meeting later In December. According to the CME Group' s FedWatch tool, market expectations for a rate hike this month are above 90 percent. In oil markets, U.S. crude for January delivery rose 0.21 percent to settle at $ 51.79 per barrel amid optimism surrounding an OPEC deal reached last week. Gold futures for February delivery settled $ 1.30 lower at $ 1,176.50 per ounce. Read more ..... |
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| 04-Dec-2016 21:39 |
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Italy votes in referendum with PM Renzi' s future at stake Italians vote on Sunday in a referendum on constitutional reform which will decide the political future of Prime Minister Matteo Renzi, who has promised to resign if he loses. Financial markets and Europe' s politicians fear victory for the opposition ' No' camp could trigger political instability and renewed turmoil for Italy' s battered banks, pushing the euro zone towards a fresh crisis. Polls open at 7 am (0600 GMT), with about 51 million Italians eligible to vote on Mr Renzi' s plan to drastically reduce the role of the upper house Senate and claw back powers from regional authorities. With all the opposition parties lined up against the reform, a victory for Mr Renzi would be a surprise and represent an enormous personal triumph for Italy' s youngest prime minister who often appeared to be fighting the campaign single-handed. All surveys published in the month before a blackout was imposed on Nov 18 put the ' No' camp ahead. Private polls have continued to be conducted in the last two weeks and bookmakers say ' No' remains the clear favourite to win. However, in the final days of frenetic campaigning Mr Renzi insisted the public mood was changing, focusing his attention on the millions of Italians who said they were undecided. Pippo Nicosia, a stall-holder at Campo dei Fiori market in central Rome, said he would vote ' Yes' but had no doubt about the result. " ' No' will win, everything will collapse so we might as well all go on holiday ," he said. Turnout, expected at between 50 and 60 per cent, could be crucial. Pollsters say lower participation could favour Renzi, as hostility to his reform is strongest among young voters and those in the poor south, segments of the population that often don' t bother to vote. A turnout above 60 per cent could also make the result more unpredictable, as it would suggest many voters who said they planned to abstain ended up going to the polls. With bookmakers' odds suggesting a roughly 75 per cent chance of a win for ' No' , speculation is rife on what Renzi will do in the event of defeat. He is widely expected to resign and has said he will play no role in any unelected, " technical" government, which President Sergio Mattarella may try to put in place. Some of his allies have urged him to stay in power regardless of the result. The result of exit polls will be announced as soon as voting ends and the count begins at 11 pm. After around 30 minutes, the first projections of the result will be announced on the basis of actual votes counted. If the result is not close, the winner could be clear after the second projection, some time between midnight and 1 am (0000 GMT). In a very close race, the winner may not be known until the count is completed, probably between 2 and 3 am. Economy Minister Pier Carlo Padoan sought to calm nervous markets on Friday, saying there was " no risk of a financial earthquake" if ' No' wins, though there may be " 48 hours of turbulence" . Market jitters have concentrated on Italy' s banks, saddled with 360 billion euros (US$380 billion) of bad loans, and most specifically on Monte Dei Paschi di Siena, its oldest and third largest lender. The bank needs to raise 5 billion euros (US$5.3 billion) by the end of the year to plug a capital shortfall or risk being wound down. Government officials say potential investors may be deterred by political instability if ' No' should win. REUTERS |
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| 03-Dec-2016 06:23 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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瑞 银 （ UBS） 财 富 管 理 首 席 投 资 总 监 郑 汪 清 说 ： " 经 过 这 波 涨 势 ， 新 加 坡 需 要 可 持 续 性 的 经 济 基 本 面 。 " 他 认 为 ， 目 前 海 指 超 过 3000点 的 可 能 性 有 限 。 今 年 我 国 经 济 表 现 估 计 是 自 2009年 全 球 金 融 危 机 以 来 最 糟 ， 接 下 来 还 得 面 对 贸 易 保 护 主 义 兴 起 ， 给 依 赖 出 口 贸 易 的 新 加 坡 不 小 挑 战 。 Read more....
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| 03-Dec-2016 06:18 |
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STI to cross 3000 boosted by long-term investors
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Stocks close mostly flat as Italian referendum looms S & P and Nasdaq snap 3-week win streak U.S. stocks closed mostly flat on Friday, with financials falling around 1 percent, as investors braced themselves for a key constitutional referendum in Italy while digesting a stronger-than-expected jobs report. The Dow Jones industrial average fell about 20 points in choppy trade, with Caterpillar and Goldman Sachs contributing the most losses. The S & P 500 ended around the flatline, with financials leading decliners. The Nasdaq composite also closed around breakeven. The Italian referendum is scheduled for Sunday. With this plebiscite, Italian Prime Minister Matteo Renzi wants to change the constitution so that the executive branch needs approval only from parliament' s lower house in order to pass laws. Renzi thinks this change is so important to turn around Italy' s lackluster economy that he has vowed to resign if the referendum is defeated. " What we' re seeing here is a cautious market because of the Italian referendum," said Peter Cardillo, chief market economist at First Standard Financial. " If Renzi resigns, that could bring political uncertainty, ... and that could bring an attack On the euro. " European equities were under pressure on Friday, with the pan-European Stoxx 600 index falling 0.44 percent and the German Dax sliding 0.2 percent. In economic news, the US economy added 178,000 jobs last month, the Labor Department said, with the unemployment rate falling to 4.6 percent. Economists polled by Reuters expected a gain of 175,000 with the unemployment rate holding steady at 4.9 percent. Wages, however, Slumped to 2.5 percent. " This relatively strong number may also increase expectations of the pace of rate hikes next year. Market reaction to this morning' s labor report was muted which shows investors had already priced in the increase in payrolls and drop in the unemployment rate," said Chris Gaffney, President of world markets at EverBank. Most market participants are expecting the Federal Reserve to raise interest rates on Dec. 14. According to the CME Group' s FedWatch tool, market expectations for a December rate hike were above 90 percent. Phil Orlando, chief equity strategist at Federated Investors, said that, while Friday' s jobs data will not deter the central bank from raising rates, it was not a good report. " While the consensus was around 180,000 we had expected a number [above 200,000] , " He said, noting the ADP report released Wednesday showed gains of more than 200,000 while weekly jobless claims remained around their lowest levels since the 1970s. He also said" the reason why the unemployment rate was so low is a bad one, " citing A jump in discouraged workers. In oil markets, US crude for January delivery gained 1.2 percent to settle at $ 51.68 per barrel after the White House said President Obama is expected to sign legislation that would extend sanctions against Iran for 10 years. Elsewhere, Baker Hughes data showed US drillers added three More rigs this week. Read more ... |
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| 02-Dec-2016 17:41 |
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STI to cross 3000 boosted by long-term investors
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Straits Times Index 2,919.37 -0.31% -9.21▼
Singapore shares finish Friday mixed but STI gains 2.1% over the week A REBOUND in oil prices thanks to a positive Opec meeting, end-of-month price fixing, window-dressing and portfolio rebalancing on Wednesday and the Dow Jones Industrial Average' s push to new highs were the main features of the week just past, during The Straits Times Index moved 31 points or 1.1 per cent into the black for 2016. On Friday, however, the index fell 9.21 points to 2,919.37, cutting its gain for the week to 60 points or 2.1 per cent. Turnover, which surged on Wednesday, the last day of November, to a 2016 high of 2.9 billion units worth S $ 2.6 billion, fell progressively to S $ 1.7 billion on Thursday and then 1.7 billion units worth S $ 1.2 billion on Friday. On most days when the STI rose the broad market recorded more falls than rises on Friday, the advance-decline score was 202-223 so the bug was not as widespread as the index' s fall would suggest. |
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| 02-Dec-2016 16:28 |
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European markets open lower amid political jitters US jobs eyed Uropean bourses were lower on Friday morning as political uncertainty in Italy and France intensifies. The Stoxx 600 opened 0.58 percent lower. President' s referendum in Italy continues to worry investors as it could spark fresh elections and complicate the recapitalization process of Italian banks., President Francois Hollande of France has announced would not be seeking a second term in the country' s upcoming presidential election. Meanwhile, traders will also be keeping an eye on the US Thursday with nonfarm payrolls numbers due out at 1.30 pm This fresh data comes as global bond yields Ticked higher on Thursday with increasing speculation that the Federal Reserve could hike rates this month. European Indexes
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| 02-Dec-2016 13:32 |
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| 02-Dec-2016 11:48 |
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Asia: Markets slip as investors take step back Asian stocks turned negative on Friday and oil prices retreated along with the dollar as investors took a step back from a recent rally, while caution set in ahead of a crunch referendum in Italy at the weekend. World markets have been rising since Donald Trump' s shock US election win on hopes his big-spending, tax-cutting policies will boost the world' s largest economy. The advance was given extra impetus on Wednesday when Opec agreed on a plan to cut oil production, sending prices soaring. But James Woods, global investment analyst at Rivkin Securities in Sydney, told Bloomberg News: " Markets have rallied pretty strongly and we had three fantastic weeks but buying pressure certainly looks exhausted. " We will see some corrective declines and profit taking." Japan' s Nikkei, which on Thursday closed at its highest level this year, slipped 0.47 per cent by the break, while Hong Kong gave up 0.6 per cent and Shanghai slipped 0.1 per cent. Sydney fell 0.6 per cent, Seoul shed 0.5 per cent, while Singapore and Wellington each gave back 0.2 per cent. Japanese exporters retreated on the back of a strengthening yen. In early trade the dollar bought 113.75 yen, having flirted with 115 yen earlier week, which was a nine-month high. On oil markets both main contracts dipped marginally after racking up double-digit gains in the previous two days in reaction to Opec' s output-cutting deal. On Friday the US releases its November jobs report, which could give an indication of the Federal Reserve' s plans for interest rates over the next year. And on Sunday Italy goes to the polls for a constitutional referendum, with Prime Minister Matteo Renzi saying he will resign if his government loses, leading to a possible general election. While experts say the chances of a Eurosceptic party gaining power is low, there are worries about the uncertainty it could create in one of the EU' s biggest economies. Also on Sunday, Austrians will vote for a new president, with Norbert Hofer seeking to become Europe' s first far-right president since 1945. While the post is largely ceremonial, a win for Mr Hofer would be a major symbolic victory for populists - many of whom are anti-EU - across Europe ahead of several elections in 2017. REUTERS Asian Indexes
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| 02-Dec-2016 11:44 |
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Strategy O & G sector remains a trading play at best for now: UOB UOB Kay Hian has upgraded its rating on Singapore' s oil and gas (O & G) sector to " market weight" for both its offshore marine and shipyard segments, following the Organization of the Petroleum Exporting Countries' (OPEC) announcement of agreeing to cut oil production. This deal sets the stage for the oil market to reach an earlier balance in 2017, says analyst Foo Zhiwei in a Friday report. However, he expects the sector to remain a trading play due to continued oil price volatility in the near term, owing to several factors that could break or cap current price levels of US $ 50 / bbl. " The ' price floor' may be broken if OPEC fails to adhere to the production cuts proposed, of which OPEC is known to have a chequered history with adherence. Oil price upside may also be capped as supply from US shale players kicks in as price Rising, " explains Foo. Critical swing factors include monthly non-OPEC / OPEC production figures rig / production counts from US shale players global inventory or demand trends and the start-up of new projects over the next two years. UOB therefore prefers Ezion for its strong balance sheet and earnings potential from an upturn, as it believes the stock can weather sustained depressed service prices. It has also named Sembcorp Industries as its top " buy" pick within the overall sector given its utilities segment' s earnings Growth and exposure to oil. Read more ... |
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| 02-Dec-2016 10:14 |
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Asian shares slip, investors on a ' wait-and-see mode' Asian markets slipped on Friday, as dollar strength pauses and investors await the U.S. jobs report. " A weak lead from US markets Italy' s referendum and tonight' s release of US jobs data all provide reasons for the stock market to close the week in cautious, wait-and-see mode," said Ric Spooner, chief market analyst at CMC Markets, In a note on Friday. U.S. nonfarm payrolls, a key economic indicator that the Federal Reserve eyes, are due later in the day. " Given rising inflation expectations with markets pricing in significant fiscal stimulus from the Trump administration, a tightening labor market would further complicate the inflation outlook and render the Fed to be far less dovish that it had been in the recent past," said Cynthia Jane Kalasopatan , Market economist at Mizuho Bank, in a note on Friday. Also, crude prices started to slip on Friday early Asian time after producer cartel Organization of Petroleum Exporting Countries (OPEC) agreed on a production cut for the first time since 2008 on Wednesday. U.S. crude futures dipped 0.53 percent to $ 50.78 a barrel, while Brent dropped 0.8 percent to $ 53.51 on Friday. Asian Indexes
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| 02-Dec-2016 09:46 |
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Asian Indexes
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| 02-Dec-2016 09:02 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Stocks To Watch Midas, GLP, GKE, ISR, Swiber |
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| 02-Dec-2016 08:29 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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ASX opens down 0.3%, Nikkei looks set to stutter Futures pointed to a majority lower open for Asian equities, with South Korea' s GDP for the third quarter out, and Australia' s retail sales and U.S. nonfarm payrolls on tap. Down Under, the ASX 200 opened down 0.19 percent, seeing broad losses across the index, except for the energy sub-index, which was up 0.58 percent, and the all ordinaries gold sub-index, which gained 1 percent. Nikkei Futures in Chicago were down 0.26 percent at 18,465 while Osaka futures were 0.56 percent lower at 18,410. The Nikkei 225 finished at 18,513.12 in the previous session. On the economic data front, south Korea' s revised third-quarter gross domestic product (GDP) was up 0.6 percent from the previous quarter, slightly below a 0.7 percent estimate earlier. Australia is set to announce October retail sales and U.S. November nonfarm payrolls, a key economic indicator that the Federal Reserve eyes, are due. US crude futures closed up 3.3 percent to settle at $ 51.06 a barrel, while Brent climbed 4.1 percent to $ 53.94 for the U.S. session on Thursday. Asian Indexes
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| 02-Dec-2016 06:24 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Nasdaq sheds more than 1% as tech stocks slide oil prices extend gains U.S. equities closed mostly lower on Thursday as declines in tech offset a rally in financial stocks, while investors digested economic data and rising oil prices. The Dow Jones industrial average rose about 70 points, with Goldman Sachs contributing the most gains. The S & P 500 fell about 0.4 percent, with information technology falling more than 2 percent while financials gained more than 1.5 percent. " What we' re seeing here is a vicious rotation out of sectors that were leading before the election and into sectors that have led since," said Adam Sarhan, CEO at 50 Park Investments. " The damage being done can not be ignored. " That type of rotation is not seen in young, healthy bull markets." The Nasdaq composite underperformed, falling about 1.4 percent as Apple and most of the so-called FANG stocks (Facebook, Amazon, Netflix and Google parent Alphabet) fell. The Nasdaq 100 shed more than 1.5 percent, giving up its post-election gains. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded about 8.6 percent higher, near 14.5. " There' s a lot of speculation about what' s going to happen with taxes, regulation, trade policy, etc., " Said John Stadtler, head of US Financial Services at PwC." I think investors are trying to figure out how those different scenarios affect different firms. " " The volatility you' re seeing is people trying to determine those different scenarios. Earlier in the session, energy stocks had popped more than 1 percent, boosted by even more sharp gains in oil, before closing about 0.3 percent. West Texas Intermediate futures for January delivery rose 3.28 percent to settle at $ 51.06 per barrel, a day after spiking More than 9 percent. On Wednesday, OPEC and Russia agreed to restrict production, even as analysts warned other producers were likely to top up supply. Jeremy Klein, chief market strategist at FBN Securities, said in a note that he expects crude to trade above $ 60 by next summer. " I reiterate that the fundamental story surrounding the commodity will flip from one fraught with supply concerns to a optimistic about burgeoning global Demand, " he said. Market watchers have paid close attention to U.S. economic data, as a Federal Reserve rate increase on Dec. 14 becomes more likely. According to the CME Group' s FedWatch tool, market expectations for a rate hike are about 99 percent. Gold futures for February delivery fell $ 4.50 to settle at $ 1,169.40 per ounce. Read more ... |
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| 01-Dec-2016 17:50 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Straits Times Index 2,925.20 0.69% +20.03 ▲
Singapore shares finish higher on firm oil and play on banks ANOTHER firm session for the Straits Times Index (STI) thanks to a rise in oil prices and a push on the banks, and another relatively mixed session for the rest of the market - that in a nutshell was the story of Thursday' s trading in the local Stock market. The STI ended 23.41 points higher at 2,928.58, its eighth consecutive rise. Of this, about 13 points came from gains in the three banks. Keppel Corp, a beneficiary of higher oil, jumped S $ 0.44 or 8.1 per cent to S $ 5.89 on volume of 24.5 million and contributed a further seven points. However, excluding warrants, there were still 203 falls versus 248 rises, so the index' s strength was not much reflected in the rest of the market. Turnover was a healthy 2.3 billion units worth S $ 1.67 billion, though this was almost S $ 1 billion or 35 per cent less than Wednesday' s S $ 2.6 billion. |
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| 01-Dec-2016 16:28 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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European markets open lower Oil prices soar European markets opened slightly lower on Thursday as investors focus on political developments in Italy and key data releases after the oil-producing cartel OPEC agreed to cut production. European Indexes
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| 01-Dec-2016 09:08 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Stocks To Watch New Silkroutes, Frasers Logistics, GLP, Starburst, Cosco, Q& M |
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