singapore trading news

Singapore: Singapore stocks opened higher with the Straits Times Index up 12 points or 0.45 percent to 3,225.

Gainers dwarfed failures 114 to 98, after about 267.8M offers worth 390M changed hands.

Top value traded counter included DairyFarm USD up 0.240 at 9.80,Jardine C&C up 0.210 at 36.80.

The most effectively exchanged stocks included Ezion, ThaiBev, Ascendas Reit, Genting Sing and others.

Top losers included one of heavy weight JMH USD, Creative, UOL.

Top Gainer Stock

Stock Last Change
DairyFarm USD 9.8 0.24
Jardine C&C 36.79 0.2
JSH USD 36.75 0.15
SP Corp 0.53 0.08
Haw Par 11.85 0.06


Top Loser Stock

Stock Last Change
JMH USD 66.94 -0.66
Creative 5.39 -0.05
CityDev 8.78 -0.04
Ossia Intl^ 0.09 -0.033
UOL 6.58 -0.03


Stocks in focus in today’s trade

Sembcorp Marine:
The Company’s subsidiaries entered into a share swap deal with Ecospec Global Technology and their shareholders. Around Some 20 per cent of the issued share capital of Ecospec Global Technology will be exchanged for 23.8.

IPS Securex Holdings: The Company has received a letter of acceptance (LOA) from an undisclosed government agency in South-east Asia for a contract worth $19.1 million. IPS to supply, deliver, install, commission and test an integrated security solution (System A) and provide maintenance support services for seven years for System.

ST Engineering: Company’s defence and aerospace arm secured new contracts worth $450 million in the fourth quarter of 2018 for services including maintenance and modification for wide-ranging aircraft parts from the airframe to components.


Currency Market

Forex Signal: USD/SGD pair trades at 1.3553 against previous close 1.3564 down 0.08%

Daily Range: 1.3550-1.3568


World Market

U.S. stocks rose on Tuesday as technology and internet stocks support market.

Netflix Inc’s plans to raise fees for U.S. subscribers and hopes of more stimuli for China’s slowing economy fostered a risk-on mood among Investors.

U.S. bond yields edged higher in choppy trading on Tuesday on prospects for a resolution concerning Britain’s exit from the European Union despite being rejected by British lawmakers.

Nasdaq outperformed its peers. It rose 117.92 points or 1.7 percent to 7,023.83, the S&P 500 jumped 27.69 points or 1.1 percent to 2,610.30 and the Dow climbed 155.75 points or 0.7 percent to 24,065.59.


Index Last Change%
Dow 30 24065.59 0.65
S&P 500 2610.3 1.07
Nasdaq 100 7023.83 1.71
FTSE 100 6895.02 0.58
DAX 10891.79 0.33


Commodity Market

Gold Price:  Gold trade steady, supported by uncertainty around Brexit, after lawmakers 
Voted down British Prime Minister Theresa May’s deal to leave the European Union, and hopes for a rate hike pause by the U.S. Federal Reserve.

Gold Range: $1286-$1297

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