Singapore: Singapore shares open lower STI down 20 points at 3025
Singapore stocks opened lower; with the Straits Times Index declining 20.00 points to 3.025.Among other trade looser outnumbered gainers 102 to 41 with a turnover of $ 81.3 million worth of 37 million shares. SingTel included active traded counters down 1.36%
Financials opened up in the red among index stocks. DBS decreased to $ 23.29 by 0.68 percent, UOB decreased to $ 24.13 by 0.90 percent, while OCBC decreased by 0.63 percent to $ 11.
Top Gainer Stock
Top Loser Stock
CNMC Goldmine Holdings, Cromwell European Reit, First Real Estate Investment Trust (First Reit)
CNMC Goldmine Holdings: Exchange has rejected Catalist-listed CNMC Goldmine’s application for a dual listing citing CNMC’s inability to meet the minimum market capitalisation and create liquidity for the company’s shares in Hong Kong.
Cromwell European Reit: Cromwell European Reit is purchasing three properties in France for €21.6 million (S$33.75 million) to pick up market share in Logistics market.
First Real Estate Investment Trust (First Reit): The manager of First Reit said that the operations of its Siloam Hospitals were not affected by a sinkhole that emerged on Dec 18.
Boustead Projects: A Boustead Projects joint venture will develop gaming company Razer’s South-east Asia headquarters in Singapore.
Forex Signal: USD/SGD pair trades at 1.3725 against previous close 1.3742 down 0.12%
Daily Range: 1.3722-1.3742
Stocks dove again on Friday, sending the Dow Jones Industrial Average to its worst week. The Nasdaq Composite Index closes in a bear trap and the S&P 500 in downtrend down almost 18 percent from its record prior this year.
The Dow Jones Industrial Average fell 414.23 points to 22,445.37.
Stocks shift to their lows after President Trump’s trade adviser, told Nikkei that it would be “difficult” for the U.S. and China to arrive at a permanent economic agreement after a 90-day ceasefire in the trade tensions.
Gold Price: Gold spot trading at $1263.28 in morning trade. On Friday as equities fell yet again amid fresh political turmoil in the Trump White House and new fears over GDP growth in China, the world’s second largest economy.
Gold Trading Range $1250-$1265