Singapore: Singapore stocks bounce back higher, with the Straits Times Index up 63.54 to 3,074.69 post yesterday worst trading day.
Gainers dwarfed failures 125 to 15, after 46.7 million offers worth $40.3 million changed hands.
Among the most exchanged by volume, Ezion Holdings climbed right around 7 percent to $0.046 with 15.5 million offers exchanged. Genting Singapore rose 2.08 percent to $0.98 with 1.9 million offers exchanged.
Active stocks included DBS, up 1.76 per cent to $23.69; KEPPEL CORP, up 4.03 per cent to $5.94; and UOB, up 1.75 per cent to $24.45.
Top Gainer Stock
Top Loser Stock
Yongnam Holdings: Yongnam Holdings has achieved new contracts in Australia and Singapore worth $73.4 million, the steel and structural designing firm declared in a Singapore Exchange filing. Organization express that it positively affects its budgetary execution.
SHS Holdings: SHS Holdings got a deadline extension of the arranged solar power plant in Bangladesh. The 50 MW sun powered power plant was initially intended to have been finished on April 18, 2018.
Heeton Holdings: Heeton Holdings has dilute its 40 per cent stake in previously wholly owned unit Prospere Glory, a real estate and investment holding firm. Disposa had a sales consideration of $20, based on the net asset value of Prospere Glory.
Forex Signal: USD/SGD pair trades at 1.3729 against previous close 1.3722 up 0.05%
Daily Range: 1.3715-1.3733
US markets have witnessed bounce back from its lower level with the Dow Jones up by about 5% and the Nasdaq ascending by almost 6%. The Dow rose 1,086, picking up 5%. The S&P 500 also followed Dow soar 5%, Tech stocks drove the rally. Amazon took off 9.5%, Facebook (FB), Netflix (NFLX) rose 8%, Apple (AAPL) hopped 7% and Alphabet (GOOGL) was up 6%.
Vitality stocks were not far behind, driven by Marathon Oil (MRO), which rose 11.9%. Hess (HES) was up 11%.
Gold Price: Gold hit its highest level shrugging off the recovery in the U.S. equity markets and a firmer U.S. Dollar. Comex gold Feb contract is trading $1277.30, up $5.50 or +0.46%. This is slightly below the July 9 top at $1284.10 and a key technical level at $1285.70.
Gold Trading Range: $1262-$1275