Singapore: Singapore stocks rose higher after yesterday’s decline. Asian market trade mixed with positive momentum. The Straits Times Index higher by 12.6 points, 0.39 per cent, to 3,182.40 at 11.27am.
Advance to Decline ratio was 148 to 121. Market volume remains at 714.55M with turnover of S$451.84M.
Top volume activity witnessed in stocks like Genting Sing, Rex Intl, YZJ SHP SGD, ThaiBev, Thomson Medical etc.
Gainers included JMH USD at 66.84 (+0.370), Jardine C&C 36.700 (+0.340), SIA at 9.67 (+0.170)
While losers were Shangri-La HKD at 10.06 (-0.640), Combine Will at 0.860 (-0.160), Great Eastern 26.600 (-0.050)
Top Gainer Stock
Top Loser Stock
Keppel Telecommunications & Transportation (Keppel T&T): Keppel T&T posted fall in its profit which fell almost 10.6 percent reported a 10.6 per cent fall in net profit for the fiscal fourth quarter from a year ago. Company’s Earnings per share (EPS) came down to 3.3 cents from 3.6 cents a year ago.
Sino Grandness Food: Packed can vegetable and fruit Chinese producer was in negotiation with lender Sole ado Holdings, which has again served a letter of demand over a sum of about US$22 million. Stocks of Sino Grandness closed at $0.103, down 0.2 cent.
CapitaLand Commercial Trust (CCT): CCT unit holders will get a good DPU per unit for the fourth quarter. Supported by higher net property income as well as dividends, company can look forward to a DPU of 2.22 cents for the three months to Dec 31, 2018, against the 2.08 cents for the same period the year before.
Forex Signal: USD/SGD pair trades at 1.3583 against previous close 1.3587 down 0.02%
Daily Range: 1.3568-1.3590
US market witnessed volatile session as stocks earlier open higher not able to hold gains. The Dow outperformed by a wide margin. The Dow crose171.14 points or 0.7 percent to 24,575.62, while the Nasdaq inched up 5.41 points or 0.1 percent to 7,025.77 and the S&P 500 inched up 5.80 points or 0.2 percent to 2,638.70.
Major blue chips index stocks came with good financial results for quarter. IBM posted profit above analyst estimate and raise its future guidance up for year 2019. US Economic Advisers Chairman Kevin Hasselt said that the U.S. could see zero growth if the shutdown continues for the whole quarter.
Most of the major sectors ended the day showing only modest moves, although considerable weakness was visible among oil service stocks.
Gold Price: Gold trading in tight range of $1280-$1285 in morning trade while yesterday it made low near $1279 and bounce back.
Gold Range: $1279-$1288