Singapore: Singapore stocks opened on firmer note with the Straits Times Index rising 0.81 percent or 25.4 points to 3,215.0 at 11.30 AM early morning trade.
Advance to Decline ratio stood at 132 to 87.Shares volume witnessed were 320.0M and turnover at S $415.9M.
Among the most active volume counter was RHT Health Trust dove 96.3 percent or $0.729 to $0.026 as the counter went ex on an extraordinary distribution of 75.2 pennies per unit mainly due to corporate action.
CapitaLand Commercial Trust climbed 1.6 percent or $0.03 to $1.88 with 3.0 million offers exchanged.
Index heavyweights stocks included DBS Group Holdings, OCBC Bank, DBS while decliners included JMH USD, SEVAK^, JSH USD, Great Eastern.
Olam International: Olam International planning to sell its four business segments in the next six years to unlock some US$1.6 billion. Company will invest US$3.5 billion in 12 business segments deemed attractive or proven, such as dairy, nuts, grains and animal feed.
Singapore Exchange (SGX): SGX posted a 9.2 per cent jump in Q2 net profit to $96.5 million from $88.4 million a year ago. Operating profit came in at $113.7 million, up 10.4 per cent from $103 million, while expenses rose 8.3 per cent to $110.5 million mainly due to higher staff costs and professional fees.
Keppel Corporation: Keppel Corp came in profit posted S135 million in its Q4 earnings, reversing a loss of $492 million a year ago, which had included the $619 million one-off financial penalty resolution with criminal authorities.
Forex Signal: USD/SGD pair trades at 1.3590 against previous close 1.3609 down 0.14%
Daily Range: 1.3583-1.3615
US Stocks show volatile and lack of direction. The Dow and the S&P 500 have spent the day bouncing back and forth across the unchanged line, although the tech-heavy Nasdaq has managed to remain positive.
The Nasdaq rose 45.57 points or 0.7 percent at 7,071.34, the Dow is up 19.63 points or 0.1 percent at 24,595.25 and the S&P 500 is up 5.47 points or 0.2 percent at 2,644.17.
Labor Department in released initial jobless claims number which fell to their lowest level in almost fifty years in the week ended January 19th.The report said initial jobless claims slid to 199,000, a decrease of 13,000 from the previous week’s revised level of 212,000.
Analyst surprised by expected jobless claims to rise to 220,000 from the 213,000 originally reported for the previous week.
Gold Price: Gold yesterday saw swing moves but remains in same range of $1276-$1285. Us dollar index trade with negative near 96.39 (-0.21%)
Gold Range: $1276-$1285