Singapore Stocks: STI opens weaker on the first day of the week. It was down to 0.99 points that are 0.03% and 3,216.69 at the opening.
This rejection of the market is caused by China decline to talk with The U.S. There was a meeting to be held on the weekend. A trade talk was to be held between China and the United States, China declined to talk and it becomes a reason for rejection of market on Monday.
This affects the market movement where the losers stocks take a lead on the gainer’s stocks, breaking growth of gainer’s stocks. Today in the market Losers outnumbered gainers 73 to 49.
The most active stocks for the day are Nico Steel, China Real Estate, ManulifeReit USD, and Wheelock Prop. Moving toward top gainer stocks of Singapore stock market SPDR S&P500 US$, UOB, XT MSCHINA US$, XT Vietnam US$, and JMH USD. Whereas today’s top loser stocks are XT Nifty US$, SPDR DJIA US$, GLD US$, Shangri-La HKD, DBS Bk 4.7% NCPS#, Haw Par
NASDAQ: On Friday 21-Sept 2018 Nasdaq Composite was closed at 7,986.96 to -41.27points that are -0.51%
STI: Straits Times Index opens down 0.03% to 3,216.69 and the previous close is 3,217.68
HKEX: Hang Seng index opens down today 27,783.85 PREV CLOSE 27,953.58
KLSE: FTSE Bursa Malaysia KLCI Index opens down today 1,809.23 from PREV CLOSE 1,810.64
Gold: Gold prices edged down as signs of trade war escalation stoked haven demand for the US Dollar, punishing the perennial anti-fiat asset by extension.
Crude Oil: Crude oil prices rise after the OPEC+ group comprising the cartel and its top-producing allies decided against boosting output at a meeting over the weekend.
USD/SGD is trading at 1.3670 SGD. Its previous close is 1.3640 SGD and day range is 1.3646 – 1.3674