Singapore: Singapore shares decline further, with the Straits Times Index declining -0.17 percent or 5.54 focuses to 3,187.17 at 11:10 am after fear of US-China exchange talks would not show significant progress.
Advance to Decliners ratio stood at 133 to 141 with 534.10M securities change hands.
Among the most active traded by volume, Genting Singapore rose to $1.10 with 28.47 worth shares change hands, offers exchanged. Other active stock was ThaiBev which also trade flat at 0.735.
Top Gainer Stock
Top Loser Stock
Tee International: Infrastructure and real estate group said its order book stands at $484 million after receiving new engineering contracts which include fit-out works for a data centre and mechanical and electrical engineering works.
CapitaLand Mall Trust: Trust announced distribution per unit of 2.99 cents for the fourth quarter to Dec 31, 2018, up from 2.9 cents a year ago, with increase in revenue from stake in Westgate owner Infinity Mall Trust.
Mapletree Industrial Trust: Industrial trust’s declared distribution per unit of 3.07 cents for the third quarter ended Dec 31, 2018, up from 2.88 cents for the year-ago period. The trust also received unit holder’s approval for gained acquisition of 18 Tai Seng
Forex Signal: USD/SGD pair trades at 1.3594 against previous close 1.3599 down 0.02%
Daily Range: 1.3586-1.3607
US Stocks fell on first trading day of week after holiday concerns of China and lower global growth estimates from the International Monetary Fund again spread fears of slowdown.
The Dow Jones Industrial Average lost 301.87 points to 24,404.48, led by losses in Goldman Sachs and Caterpillar. The S&P 500 pulled back 1.4 percent to 2,632.90 as the communications services and industrials sectors lagged.
The Nasdaq declined 1.9 percent to close at 7,020.36. The major indexes also closed lower for the first time in five sessions. U.S. markets were closed on Monday due to the Martin Luther King Jr. Day holiday.
The Chinese economy grew by 6.6 percent last year, as per analyst estimate but at slower pace in last 28 years.
Gold Price: As written in yesterdays morning’s report Gold took support from $1276 and bounce back and trade higher above $1280 mark. Yesterday Gold made high of $1285.41. Today in early trade Gold trading near same level. If Gold able to hold above $1287 then more upside possible.
Gold Range: $1279-$1288