Singapore Shares Open Higher on Tuesday- STI up 0.6% to 3,303.5
The Singapore stocks moderately opened with 0.6 percent higher on Tuesday (Aug 7) on the back of proceeding US stocks, with the Straits Times Index rising 18.16 points to 3,303.5 as at 9.03 am. Gainers outnumbered losers 60 to 52, as some 29.4 million shares worth $115.6 million in total changed hands.
ThaiBev vigorously counter with 4.47 million shares traded, falling 0.66 percent to $o.75. Other actives included Genting Singapore with 4.2 million shares traded, down 1.77 percent to $1.11, and DBS Bank with 2.96 million shares traded, up 0.83 percent to $26.62.
Active index stocks included UOB, proceeding 1.36 percent or $0.37 to $27.50, and Sembcorp, gaining 1.11 percent or $0.03 to $2.73.
Wall Street stocks get rid off early debility and finished higher Monday at the reunite in tech sector conceal negging worries over trade.
The diverse S&P 500 gained 0.4 percent to close at 2,850.40, while the tech-rich Nasdaq Composite Index leaped 0.6 percent to 7,859.68. The Dow Jones Industrial Average advanced 0.2 percent to close the day at 25,502.18.
Investors searched for fresh news to move the market on Tuesday. Tokyo saw stocks open fractionally higher on the following overnight acquire on Wall Street.
Stocks to Watch: Keppel DC Reit, PACC Offshore Services, OKP, MindChamps
The new development has to be seen on the following companies which may affect the trading of their shares on Tuesday (Aug 7): These are some best stocks to trade in Singapore stocks exchanges. These stocks have good volume to trade in intraday and positional.
Keppel DC Reit: Keppel DC Reit (real estate investment trust) will going to establish the new data center in Macquarie Business Park in Sydney, Australia, which is estimated to cost between A$26 million and A$36 million (S$26.26 million and S$36.35 million). The emolument will be payable to master lessee Macquarie Telecom upon completion.
OKP: Engineering firm OKP Holdings second-quarter net profit become submerged to $107,000 from $4.95 million a year ago. This came as revenue reduce nearly 21 percent to $27.35 million, while earnings per share were 0.03 cent, towards a lower position from 1.61 cents, previously.
PACC Offshore Services Holdings (POSH): Littoral marine services provider, PACC Offshore Services Holdings (POSH) net loss diminished to US$5.8 million from U$11 million a year ago for the second quarter closed June 30, 2018. Due to improved average daily charter rates and improved utilization, its revenue becomes nearly doubled to US$83.14 million. Loss per share for the quarter came to 0.32 US cent, compared to a loss per share of 0.6 US cent previously.
MindChamps: MindChamps PreSchool affix an 83 percent year-on-year leaped in net profit imputable to shareholders to $1.26 million for the second quarter ended June 30, 2018. Mind champs are the higher franchise income with the rise in revenue of 60 percent to $7.65 million by the acquisition of seven preschool centers in Australia and Singapore. Earnings per share for the quarter clocked 0.52 cent, up from 0.38 cents a year ago.