Singapore trading news

Singapore: Singapore shares dunked in early exchanging on Friday morning (Nov 23), with the Straits Times Index edging down 3.07 focuses, or 0.1 percent, to 3,038.31.

At 9.02am, washouts dwarfed gainers marginally at 55 to 40, with 14.4 million offers worth $42.4 million evolving hands.

Rex International was among the best exchanged stocks by volume, edging up 0.3 penny, or 4.5 percent, to seven pennies as 4.8 million offers changed hands.

Among the counters exchanging lower, Hotel Properties Limited shed 10 pennies, or 2.7 percent, to $3.58, while Jardine Strategic Holdings surrendered eight US pennies, or 0.22 percent, to US$35.98.

SGX Top Gainer Stocks

Gainers
Stock Last Change
SIA 9.48 0.13
UOB 23.95 0.07
China Mining 0.225 0.043
Creative 5.6 0.04
Delong 6.4 0.03

SGX Top Loser Stocks

Decliners
Stock Last Change
JMH USD 64.55 -0.28
JSH USD 35.86 -0.2
Jardine C&C 34.49 -0.16
HPL 3.6 -0.08
Cha Yuanbang 0.188 -0.062

Stocks on watch SingTel, Singapore Airlines, Ace Achieve Info com

 

Stocks to Watch

Singtel: It gets rights for football’s Premier League for an additional three years, with an arrangement from August 2019 to May 2022, it declared on Thursday. Yuen Kuan Moon, CEO for the Singapore customer business, said in an announcement: “Fans can be guaranteed Premier League inclusion stays moderate as we will keep costs unaltered.” But a representative for Singtel elucidated, when reached, that the pledge to unaltered costs alludes just to the coming season and may not really apply to every one of the three years.

Chaswood Resources Holdings: Its entirely possessed unit, Chaswood Resources (CRSB), has gone into a coupling term sheet for the offer of specific backups which claim the TGI Friday’s in Malaysia and Teh Tarik Place organizations to Bursa Malaysia-recorded Sino Hua-An International for RM8 million (S$2.6 million). The auxiliaries being stripped recorded a net misfortune after duty of around RM90.4 million for the money related year finished Dec 31, 2017 and a net benefit after expense of RM0.04 million for the a half year budgetary period finished June 30, 2018.

 

Singapore Currency

Forex Signals: In currency Singapore Dollar may be at risk to after weak GDP and CPI data while MYR may rise ahead. Below chart shows 5 days relative performance of Asian currency against US Dollar.

singapore-forex-signals

 

Global Market Updates

A draft bargain among Britain and the European Union on future relations offered some expectation for battered markets; however more proof of weight on corporate profit in Europe kept value financial specialists sidelined. While US market was closed on Thanksgiving and Japan on vacation on Friday trading volume was quite. Australian offers were up 0.23 percent, and Seoul’s Kospi was level.

Index Last Change
Dow 30 24,464.69 -0.95
S&P 500 2,649.93 8.04
Nasdaq 100 6,575.66 48.7
FTSE 100 6960.32 -89.91
DAX 11138.49 -105.68

 

Gold Price Forecast

Gold prices trade swift as lack of volume and positive developments from EU bring some softness in higher prices. December gold futures rose to $1229 yesterday

Daily Gold trading Range: $1221-$1230

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