Singapore: Straits Times Index opened strongly higher well above 3200 mark, with 40 points gains focuses, or 1.28 percent to 3,213.80 as at 11.38am.
Gainers dwarfed failures 164 to 64 after about 405.7M offers worth 482.8 changed hands.
The most traded counters were Ezion Holdings, which rose 0.2 penny, to $0.05, GentingSing up 0.04, Yinli Intl up 0.125.
Other active stocks were Thai Beverage, RexInt, Accordia Golf Tr, Spackman.
Top Gainer Stock
Top Loser Stock
|Ocean Sky Intl||0.03||-0.024|
Trek 2000 International: Trek 2000 International has infused US$3 million into solar energy firm Terrenus Energy with acquiring 7.5 per cent stake. This leads company to enter in renewable energy industry.
ST Engineering: Company’s marine focused industry arm has won $560 million of new contracts in the last quarter of 2018. The Ministry of Home Affairs has awarded it a contract for the design, construction and maintenance of Fast Patrol Boats for the Singapore Police Coast Guard.
CSE Global: Technology Company said that it has won infrastructure project contracts worth a combined $84.8 million in the fourth quarter of 2018. This is 43% increase in order book as compare to 2017.Orders included government contracts in Singapore involving projects ranging from process control solutions and systems.
Forex: USD/SGD pair trades at 1.3523 against previous close 1.3535 down 0.09%
Daily Range: 1.3513-1.3542
Us major indexes ended the day firmly in negative territory. The Dow fell 86.11 points or 0.4 percent to 23,909.84, the Nasdaq slid 65.56 points or 0.9 percent to 6,905.92 and the S&P 500 dropped 13.65 points or 0.5 percent to 2,582.61.
The global economic outlook leads to the initial weakness on Wall Street following the release of disappointing Chinese trade data. China’s exports tumbled by 4.4 percent year-over-years in December, reflecting the biggest drop in two years. This was past data and future US China trade talk and its implementation can have positive results in future.
Lack of US economic data kept traders on sidelines.
Gold Price: Gold trade within range of $1286-$1296. Major Price volatility expected ahead Brexit vote.
Gold Range: $1287-$1297