Singapore: Singapore stocks opened higher with the Straits Times Index gains 20.73 focuses to 3,065.47 as at 11:30 am.
About 58.6 million offers worth $62.7 million changed hands, with gainers dwarfing washouts 92 to 55.
The most exchanged counter was Ezion which exchanged level at $0.044, on volume of 7.2 million. Different actives included Oceanus, KrisEnergy and YZJ Shipbuilding. Adventure Corp was the best gainer.
Top Gainer Stock
Top Loser Stock
OUE Lippo Healthcare: The firm said the hearing for the Crest appeal has been fixed. Court dismissed Crest entities application to strike out the company’s action against Lippo Healthcare.
Creative Technology: Singapore Exchange (SGX) sought clarification on unusual share price movement after its shares tumbled in the afternoon. The stock was down 52 cents to $3.42.
Manulife US Reit: Company said new US tax regulations will not have any material impact on its consolidated net tangible assets or distribution per unit (DPU), as per US tax advisers.
Second Chance Properties: The main board-listed firm saw its first-quarter net profit dive 90 per cent to $218,000 for the quarter ended Nov 30, 2018, compared to $2.23 million for the year-ago period. The most part of loss was the securities segment, which reported a $0.95 million loss.
Forex: USD/SGD pair trades at 1.3684 against previous close 1.3708 down 0.18%
Daily Range: 1.3682-1.3712
US market extends late on Thursday to end in a positive, proceeding towards the year’s end. Markets have been unstable as worldwide, political and monetary instability keeps traders cautious.
The Dow Jones – This fell by in excess of 500 points or 1.8% prior on Thursday – closed day 1.1% up. The S&P 500 and tech-overwhelming Nasdaq likewise revitalized before the finish of the Thursday’s exchanging day.
The earlier sell-off was due to weak US consumer confidence data for December. However bargain buying lift stock higher.
New developments about US-China trade tensions also resurfaced about banning the use of Chinese technology.
Gold Price: Gold Price trade with bullish stance with $1276 in yesterday’s trade. Upper resistance to price comes at $1280. Trading and closing below $1270 can push price lower.
Gold Trading Range $1270-$1284