Singapore stocks news

SingaporeSingapore stocks opened lower on Wednesday (Nov 21), with the Straits Times Index withdrawing 0.54 percent or 16.25 focuses to 3,010.74 as at 9.03am after US tech stocks fell medium-term.

Advance decline ratio fall 86 to 37, or around seven securities down for each three up, after 60.4 million securities worth $55.9 million changed hands.

Among the most traded by volume, Ezion Holdings fell 2.4 percent or $0.001 to $0.041 with 2.1 million offers exchanged. Genting Singapore Plc progressed 0.5 percent or $0.005 to $0.925 with 1.9 million offers exchanged.

SGX Top Gainer Stocks

Stock Last Change
JSH USD 35.87 0.47
Best World 2.11 0.16
UOB 24.01 0.16
DairyFarm 8.89 0.14
DBS 22.99 0.09


SGX Top Loser Stocks

Stock Last Change
China Yuanbang 0.177 -0.173
Great Eastern 25.19 -0.16
Southern Pkg 0.3 -0.1
CityDev 8.27 -0.06
Shangri-La HKD 11.4 -0.06


Stocks to Watch

The stock which remains in focus were China Jinjiang Environment, Sunpower, Keppel Infrastructure Trust, and Ace Achieve Infocom.

China Jinjiang Environment Holding: Waste treatment firm China Jinjiang Environment on Tuesday said that it has anchored a concession from a neighborhood government to build, claim and work a waste-to-vitality office situated in Leting County, Hebei Province, with the undertaking bearing an expected aggregate venture cost of around 330 million yuan (S$65.5 million).

Sunpower Group: Responding to questions from the Singapore Exchange, Sunpower said that isn’t in a break of any of the gathering’s advance arrangements following unapproved exchanges of offers having a place with two of their considerable investors. Sunpower has issued convertible obligations of US$110 million due 2022 to Glory Sky Vision (GSV) and also the second tranche of convertible bonds for up to US$70 million due 2022 to Blue Starry Energy (BSE) and GSV.

Keppel Infrastructure Trust’s (KIT): It said on Tuesday that a deferral in office expenses to its Australian power interconnector auxiliary Basslink has set off a specialized default on the task financing behind Bass link – a default that comes just as the shortage in charges has implied that Bass link’s undertaking financing structure in fact neglected to meet the required obligation benefit inclusion proportion. The deferral reflects contradiction over a two-month benefit blackout this year among Basslink and Hydro Tasmania (HT), which is controlled by the Australian state government and that pays the office charges currently.


Singapore Currency

Forex Signals: In Currency market SGD lost against US Dollar pointing to 1.3755 and trading in range 1.3746-1.3767. The dollar gains from a two-week low on Tuesday as a fall in world stock markets worried investors about global growth.


Global Market Updates

The S&P 500 hit a three-week low on Tuesday, as frail profit from retailers including Target and Kohl’s and additionally a fall in vitality shares added to stresses for Wall Street, which is as yet reeling from a selloff in innovation stocks.

Target Corp shares dropped 10.28 percent after the retailer’s second from last quarter benefit missed investigators’ assessments as interests in its online business, higher wages and value cuts harmed edges.

Retail chain administrator Kohl’s Corp shed 9.42 percent after its entire year benefit gauge fell beneath desires.

Apple Inc shares fell 3.80 percent in the midst of worries about moderating interest for iPhones. The stock, which has driven the market through quite a bit of its bull run, is at its most reduced dimension since early May.

Index Last Change
Dow Jones 24,466.00 -551.8
NASDAQ 6,909.00 -119.65
S&P 500 Index 2,642.00 -48.84


Gold Price Forecast

Gold prices trade higher as investors search for safe-haven assets as equity markets continue to fall due to growing concerns surrounding the global economy. December gold futures last traded at $1,229 an ounce up 0.30% on the day.

Daily Gold trading Range: $1215-$1229


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