Singapore: Singapore stocks Singapore shares open on higher note continues last week positive momentum with the Straits Times Index up 39.32 focuses or 1.29 percent to 3,098.55 at 11.30 am on Monday
Volume stood at 827.2 million and value of traded shares came at $441.8M.Advance to Decline ratio was 219 to 100.
The most traded counter was Ezion Holdings, which rose 0.3 pennies to $0.052 with volume of 68,352.8. Other included Rex International and Silverlake Axis.
Finance sector major, DBS Group Holdings was exchanging up 0.380 at $23.67; OCBC Bank shares picked up $0.21 or at $11.38 and United Overseas Bank added $0.52 to $24.90.
Among other heavy weights list stocks, SingTel was up 0.03 at $2.93.
CapitaLand: CapitaLand forms joint venture to acquire a prime office building in Shanghai. Joint venture ratio remains 50:50.This allows company to invest in commercial real estate in key gateway cities in Asia.
DeClout: Technology start-up DeClout said that independent third party interested in picking up stake in company. Final discussion over deal price not yet finalized.
PCI: Platinum Equity Advisors American private equity firm has offered to acquire all the shares of PCI by way of a scheme of offer at $1.33 in cash for each share. The price offer at premium of 60.1% over a year average price.
Forex: USD/SGD pair trades at 1.3569 against previous close 1.3593 down 0.18%
Daily Range: 1.3568-1.3593
US Stocks move to the upside through the span of last trading day. The major Index moved higher on to strong gains. The Dow jones up 746.94 points or 3.3 percent to 23,433.16, the Nasdaq soared 275.35 points or 4.3 percent to 6,738.86 and the S&P 500 spiked 84.05 points or 3.4 percent to 2,531.94.
The Labor Department said non-farm payroll employment up by 312,000 jobs in December after climbing by an upwardly revised 176,000 jobs in November. The positive move on Wall Street partly reflected a positive reaction to a Labour Department report showing much stronger than expected job growth in the month of December.
Gold Price: Gold trade lower near $1288.80 mark after strong US jobs data and Fed chairman Powell commentary on future rate hike.
Gold Trading Range: $1280-$1292