Singapore: Singapore shares opened on positive note with the Straits Times Index climbing 14.96 points, or 0.47 per cent to 3,198.47 as at 11:20 am.
Gainers outperform losers 185 to 123 after about worth $438.4 million shares traded and volume stood at 735.0M.
The most actively traded counter included DBS (+0.350), UOB (+0.260), GSH (-0.10) OCBCBANK (+0.04).
Other active stocks included Charisma Energy up 0.002, YZJ Shipbldg SGD up 0.010, Oxley Holdings which up 0.025.
Oxley Holdings: Property Developer Company has accepted non binding expression of letter of intent (LOI) for the purchase of its Mercure and Novotel hotels in Stevens Road for $950 million. Stock was trading at 29.5 cents higher.
OUE Lippo Healthcare (OUELH): Company expanding its footprints into Myanmar with stake acquisitions in two joint venture companies that own three hospitals, one medical centre and two clinics. This will give the company presence in the key cities of Yangon, Mandalay and Taunggyi
Hanwell Holdings: Consumer Products Company plans to do a capital reduction e to return to shareholders’ surplus capital through a cash distribution. Company’s paid-up share capital by $20 million from $200.1 million to $180.1 million The amount will be distributed to shareholders based on a price of 3.614 cents per share.
Forex: USD/SGD pair trades at 1.3516 against previous close 1.3524 down 0.06%
Daily Range: 1.3510-1.3532
Wall Street extended its rally into a straight day on Thursday in a session of volatile trading as investors responded to comments by Federal Reserve Chairman Jerome Powell.
The Dow Jones Industrial Average climbed 0.51 percent to end at 24,001.92 points, while the S&P 500 gained 0.45 percent to 2,596.63. The Nasdaq Composite added 0.42 percent to 6,986.07.
The S&P 500 is up over 10 percent from a 20-month low it touched around Christmas, lifted by hopes for a US-Chinese trade deal. Among 11 S&P sector indexes rose, led by a 1.55 percent increase in real estate, with consumer discretionary ending down 0.23 percent.
Gold Price: Gold prices edged up on Friday as the dollar softened on expectations the U.S. central bank will keep interest rates steady if the economy slows. Spot gold had risen 0.2 percent to $1,288.83 per ounce in morning trade.
Gold Range: $1282-$1297