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Singapore shares open higher supported by buying in heavyweights

SingaporeSingapore stocks opened higher on 09-Jan-19, with the Straits Times Index increasing 29.9 focuses, or 0.96 percent to 3,152.8.

Gainers dwarfed losers 175 to 77, after 451.1M shares change hands with turnover of 457.2M.

The most effectively exchanged stock was Ezion which rose 0.1 pennies to 5.3 pennies, with 10.4 million offers exchanged.

Other active index heavy weights stocks included Genting up 0.003, UOB which rose 0.33 to $25.50; and Capital mall Trust up 0.030 at $2.35.

Top Gainer Stock

Gainers
Stock Last Change
JMH USD 69.09 1.21
Jardine C&C 37.06 0.97
Venture 14.91 0.64
UOB 25.5 0.33
DBS 24.13 0.22

 

Top Loser Stock

Decliners
Stock Last Change
Shangri-La HKD 10.82 -0.28
JSH USD 37.39 -0.2
Brook Crompton
0.73 -0.095
Haw Par 11.89 -0.08
SPH 2.45 -0.04

 

Stocks in focus in today’s trade


KrisEnergy:
Oil and Gas Company announced that oil production has restarted at the Wassana field in the G10/48 licence in the Gulf of Thailand following Tropical Storm Pabuk. Company has 89 per cent working interest.

Rich Capital: Company said it is planning to expand its business into new construction after acquisition of two construction companies Wang Zhen Wen and Rich-Link Group for up to $43.98 million.

Chew’s Group: Company seeking share holder approval to diversify its business after it completed the sale of four units: Chew’s Agriculture, Chew’s Engineering Services, Chew’s Group Investment and Chew’s Group Marketing.

 

Currency Market


Forex:
 USD/SGD pair trades at 1.3569 against previous close 1.3581 down 0.07%

Daily Range: 1.3564-1.3585

 

World Market


Stocks moved generally higher through the trading day on Tuesday, extends the upward move seen over the two past sessions.

The significant indexes all finished the day in positive region. The Dow flooded up 256.10 focuses or 1.1 percent to 23,787.45, the Nasdaq bounced 73.53 focuses or 1.1 percent to 6,897.00 and the S&P 500 shot up 24.72 focuses or 1 percent to 2,574.41.

Positive thinking about exchange talks between the U.S. furthermore, China added to the proceeded with quality on Wall Street in the midst of a second day of gatherings between U.S. what’s more, according to Chinese authorities.

In the bond market, treasuries extended the pullback seen over the course of the two previous sessions. While the yield on the benchmark ten-year note, rose by 3.4 basis points at 2.716 percent.

 

Index Last Change%
Dow 30 23787.45 1.09
S&P 500 2574.41 0.97
Nasdaq 100 6551.85 0.98
FTSE 100 6861.6 0.74
DAX 10803.98 0.52

 

Commodity Market


Gold Price: Gold trade in sideways to narrow range on hopes of U.S & China trade deal offset support from expectations of a pause in U.S. Federal Reserve rate hikes.

Gold Trading Range: $1280-$1290

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