Singapore stock investment market opened 0.1 per cent higher on Friday, with the Straits Times Index rising 4.17 points to 3,232.79 as at 9.02am. The blue-chip index edged up as fears lessened over the outcome of the French presidential elections.
About 83.8 million shares worth S$103.4 million changed hands, which worked out to an average unit price of S$1.23 per share.
The most actively traded counter was MDR, which was flat at S$0.006 with 11.4 million shares traded. Other actives included SingTel and Blumont.
Losers outnumbered gainers 78 to 60, or about four down for every three up.
Singapore stock investment SGX on Thursday issued a public reprimand to Singapore Post (SingPost) for breaching the exchange’s listing rules in a July 18, 2014, announcement on the purchase of UK-based freight forwarder FS Mackenzie.
1. OUE Hospitality Trust (OUE H-Trust): The trust’s distributable income for the first quarter ended March 31, of 2017, rose 19.1 per cent to S$23.5 million, from S$19.7 million in Q1 2016, the group reported on Thursday.
2. Chip Eng Seng: The property developer on Thursday reported a 647.9 per cent increase in its net profit for the first quarter. Net profit for the three months ended March 31, 2017, stood at S$6.1 million, compared to S$817,000 the year before.
3. Nera Telecommunications: Nera Telecommunications (NeraTel) reported a 40.8 per cent rise in net profit to S$2.86 million for the financial first quarter which ended on March 31, 2017, from S$2.03 million one year ago. This came on the back of a 44.3 per cent rise in revenue to S$44.12 million, from S$30.57 million a year ago.
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KLSE INTRADAY SIGNAL: BUY SUNZEN AT 0.385 TARGET 0.400, 0.415 SL 0.365
KLSE Holding Update: SUNZEN AT 0.420, OUR FINAL TARGET DONE. GIVEN YESTERDAY FROM 0.385.