Singapore stock investment market opened 0.1 per cent higher on Friday, with the Straits Times Index rising 4.17 points to 3,232.79 as at 9.02am. The blue-chip index edged up as fears lessened over the outcome of the French presidential elections.
About 83.8 million shares worth S$103.4 million changed hands, which worked out to an average unit price of S$1.23 per share.
The most actively traded counter was MDR, which was flat at S$0.006 with 11.4 million shares traded. Other actives included SingTel and Blumont.
Losers outnumbered gainers 78 to 60, or about four down for every three up.
STOCKS & SHARES TO CONSIDER FOR SINGAPORE STOCK INVESTMENT
Singapore stock investment SGX on Thursday issued a public reprimand to Singapore Post (SingPost) for breaching the exchange’s listing rules in a July 18, 2014, announcement on the purchase of UK-based freight forwarder FS Mackenzie.
1. OUE Hospitality Trust (OUE H-Trust): The trust’s distributable income for the first quarter ended March 31, of 2017, rose 19.1 per cent to S$23.5 million, from S$19.7 million in Q1 2016, the group reported on Thursday.
2. Chip Eng Seng: The property developer on Thursday reported a 647.9 per cent increase in its net profit for the first quarter. Net profit for the three months ended March 31, 2017, stood at S$6.1 million, compared to S$817,000 the year before.
3. Nera Telecommunications: Nera Telecommunications (NeraTel) reported a 40.8 per cent rise in net profit to S$2.86 million for the financial first quarter which ended on March 31, 2017, from S$2.03 million one year ago. This came on the back of a 44.3 per cent rise in revenue to S$44.12 million, from S$30.57 million a year ago.
Hot Stocks of the Day for Singapore stock investment:
- GSS ENERGY
- MOYA ASIA
- AOXIN Q&M
Our recent Stock Recommendations:
KLSE INTRADAY SIGNAL: BUY SUNZEN AT 0.385 TARGET 0.400, 0.415 SL 0.365
KLSE Holding Update: SUNZEN AT 0.420, OUR FINAL TARGET DONE. GIVEN YESTERDAY FROM 0.385.