Singapore: SINGAPORE stocks opened lower on Tuesday, with the Straits Times Index slipping 0.10 percent or 2.99 focuses to 3,090.39 as at 9.05am after US President Donald Trump showed that he expects to keep raising levies on Chinese imports.
Failures dwarfed gainers 68 to 59 after 62.8 million securities worth S$104.6 million changed hands.
Among the most active traded by volume, ComfortDelGro held firm to $2.12 with 4.9 million offers exchanged. Ezion Holdings remained level at S$0.043 with 3.0 million offers exchanged.
Index heavy weight stocks included DBS Group Holdings, down 0.3 percent or S$0.06 to S$23.53; and Genting Singapore, level at S$0.97
SGX Top Gainer Stocks
SGX Top Loser Stocks
Stocks in news: Hi-P, Keppel-KBS US Reit, First Ship Lease Trust, Asian Pay Television Trust, Thai Bev
Hi P International: A controlling investor of agreement maker Hi-P International is thinking about an arrangement, which could prompt a play for whatever is left of the stock, the organization declared early Tuesday because of an exchanging inquiry from the Singapore Exchange. “Resulting to the strange offer exchanging” on Monday, “the organization comprehends that a controlling investor of the organization is thinking about a conceivable exchange including the offers of the organization which might possibly prompt an exchange for the offers of the organization”, Hi-P said. “In any case, to-date, the organization hosts not been drawn closer by any get-together with respect to any exchange including the offers of the organization.
Keppel-KBS US Reit: Keppel-KBS US Reit’s (land speculation trust) chief reported on Tuesday that it will procure Maitland Promenade I, an office property situated in the Maitland submarket of Orlando, Florida, for US$48.5 million from The Realty Associates Fund X. Maitland Promenade I will be Keppel-KBS US Reit’s second resource in Florida and is nearby Maitland Promenade II, which the Reit possesses.
First Ship Lease Trust: First Ship Lease Trust’s (FSLT) supervisor on Tuesday proposed a non-renounceable particular offering of 956 million new units in FSLT at an issue cost of S$0.045 per new unit to rise up to S$43.03 million. The new units will be offered at the proportion of three rights units for each two existing units in FSLT. The issue cost of S$0.045 per new unit is a rebate of 31.8 percent to the end cost of S$0.066 per unit in FSLT on the Singapore Exchange on Nov 26, it being the last exchanging day of the units before the declaration.
Asian Pay Television Trust: Asian Pay Television Trust (APTT) on Monday night declared that it has renegotiated its current coastal getting offices and expanded its seaward acquiring offices. As a major aspect of its engaged obligation the board program, the trust renegotiated its current NT$29 billion (S$1.3 billion) acquiring offices with new seven-year offices of NT$31 billion. It likewise expanded the development date of its current seaward offices from July 2019 to July 2021.
Forex Signals: In currency market SGD/USD pair trade in tight range 0.7268-0.7275.
U.S. stock market bounce back to end Monday following Thanksgiving week execution since 2011, The Dow Jones Industrial Average DJIA, +1.46% close with a gain of around 354, or 1.5%, at 24,640, the S&P 500 list SPX, +1.55% increased 1.6% at 2,673, controlled by additions in the innovation segment XLK, +2.26% and buyer optional XLY, +2.24% which completed with additions of at any rate 2.3%. Each of the three value benchmarks booked their best day by day move since Nov. 7. The Nasdaq Composite Index COMP, +2.06% completed 2.1% at 7,081. Among the greatest movers on the day were offers of Amazon.com Inc. AMZN, +5.28% which profited from reports of solid deals on extraordinary compared to other days for online retailers in the year. Amazon’s offers shut 5.3% higher, denoting their most keen day by day move since a 6.9% gain on Nov. 7. Another help for the more extensive market was gains in unrefined petroleum prospects CLF9, – 0.19% after a defeat on Friday activated new stresses over worldwide development moderating. Independently, offers of General Motors were in centre after the automaker said it was cutting 15% of its North American workforce. GM’s stock GM, +4.79% increased 4.8% on the day.
Gold prices trade swift as lack of volume and positive developments from G20 meeting bring some softness in higher prices. A December gold future is trading at $1222. Spot gold was up 0.1 percent to $1223.28 per ounce US gold futures were steady at $1 223.40 per ounce.
Daily Gold trading Range: $1218-$1229