Singapore: Singapore stocks opened higher with the Straits Times Index rising above 3100 mark up 8.09 points to 3,110.89.
Advance to Decline ratio stood at 153 vs.139.Trading volume remains 848.8M.
The most traded share was M1, which was at $2.07 with 6 million offers exchanged.
Total $379.5M value turnover witnessed for the first half of session.
Active index stock included DBS, OCBC Bank, Singtel, M1, UOB,
Sector wise healthcare and utilities index were down while other trade in positive zone.
LTC Corp: LTC Corp has extended exit offer for the steel trading and property group to the end of the month, its exit offer was at $0.925 per share. New Date will be 31-Jan against 10 Jan. Last closing of counter was $0.920.
Swee Hong: Company has won a contract worth about $32.5 million for the construction of link sewers for the DTSS Phase 2 Project with the Public Utilities Board .This can have positive impact on balance sheet but for next financial year.
Silkroad Nickel: The Catalist-listed company said that its subsidiary, Teknik Alum Service, has signed a new long-term mining exploration contract. It values worth more than $90 million with Sinohydro Corporation and Sepco II Indo. Production capacity expected at least 6 million tonnes of nickel.
Forex: USD/SGD pair trades at 1.3586 against previous close 1.3559 up 0.20%
Daily Range: 1.3554-1.3586
U.S. stocks on Monday closed higher, extending last week rally, as speculators looked for further indications talk between the U.S. what’s more, China.
The Dow Jones Industrial Average DJIA, +0.42% rose 98.19 focuses, or 0.4%, to complete at 23,531.35, while the S&P 500 record SPX, +0.70% progressed 17.75 focuses, or 0.7%, to 2,549.69. The Nasdaq Composite Index COMP, +1.26% bounced 84.61 focuses, or 1.3%, to 6,823.47
The U.S. services sector grows at the slowest pace in five months in December, according to the data released on Monday. The index fell to 57.6% in December, from 60.7%, and below economists’ expectations of 58.7%.
Gold Price: Gold trade sideways to positive after news of pause in U.S. rate hikes and hopes of a Sino-U.S. trade deal put pressure on the dollar. Earlier Gold made high of 1295 after US data on Monday.
Gold Trading Range: $1282-$1295