Singapore stocks news 2

Singapore: Singapore shares open lower after previous day rise STI at 3055.58 down 58.67 points.

Singapore stocks opened pointedly bring down on Tuesday as Asian markets followed Wall Street on worries about abating worldwide financial development and speculation in front of the US Federal Reserve meeting.

The Straits Times Index withdrew -58.67 focuses or 1.88 percent to 3,055.58 as at 9.07am.

Failures dwarfed gainers 99 to 45, after about 52.1 million offers worth $107.7 million changed hands.

The most effectively exchanged counter was SingTel, which fell 2.6 percent, or eight pennies to $2.98 each, with 5.7 million offers exchanged.

Other active front stocks included OCBC which lost 1.6 percent, or 18 pennies to $11.16; and DBS which dropped 1.5 percent, or 36 pennies to $23.58.

Top Gainer Stock

Stock Last Change
Best World 2.43 0.06
Pharmesis Intl 0.23 0.05
BRC Asia 1.27 0.04
Haw Par 12.5 0.04
China Yuanbang 0.32 0.02

Top Loser Stock

Stock Last Change
JMH USD 65.61 -1.79
JSH USD 35.94 -1.09
Jardine C&C 35.08 -0.71
UOB 24.33 -0.59
DBS 23.5 -0.44


Stocks on trader’s hot list

Gs Holding, Top Glove, Declout

Top Glove Corporation: Stronger glove deals lifted outcomes for Top Glove for its first quarter. Net benefit expanded 4.5 percent to RM110.1 million (S$36.2 million) from the earlier year, the gathering said in a Singapore Exchange documenting on Monday evening.

GS Holdings: The venture holding organization of dishware washing and cleaning administrations on Monday said that it has marked a restrictive deal and buy concurrence with Ang Siew to purchase Hao Kou Wei, an organization in the matter of letting and working nourishment courts, coffeehouses and eating houses, for $3.6 million.

DeClout: Declout on Monday said that it has marked a deal and buy consent to pitch to Choo See Wee its full stake in web based business stage arrangements supplier Corous360, as an end-result of a 12.5 percent shareholding in Grand Centrex, a speculation holding organization claimed by Mr Choo


Currency Market

Forex Signal: USD/SGD pair trades at 1.3715 against previous close 1.3727. SGD gains afer strong home sales data.

Daily Range: 1.3713-1.3731


World Market

US major indexes all slid in excess of 2 percent on Monday, with the benchmark S&P 500 shutting at its most reduced in 14 months, on worries about moderating monetary development in front of an exceptionally foreseen choice from the Federal Reserve this week on the course of US rate climbs.

The S&P 500 hit its most reduced since October 2017 to rupture lows came to amid its auction in February, having wiped out about $3.4 trillion of market an incentive since late September. The little top Russell 2000 list affirmed a bear showcase, having fallen in excess of 20 percent from its August 31 shutting high.

The Dow Jones Industrial Average fell 507.53 focuses, or 2.11 percent, to 23,592.98, the S&P 500 lost 54.01 focuses, or 2.08 percent, to 2,545.94 and the Nasdaq Composite dropped 156.93 focuses, or 2.27 percent, to 6,753.73.


Index Last Change%
Dow 30 23592.98 -2.11
S&P 500 2545.94 -2.08
Nasdaq 100 6753.73 2.27
FTSE 100 6773.24 -1.05
DAX 10772.2 -0.86


Commodity Market

Gold Price
: Gold prices inched higher again $1240 mark and trading at $1245 after selling in equity market on Monday.

Trading Range: $1235-$1250

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