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Singapore shares open lower after rising more than 2.50 percent in last 3 days

SingaporeSingapore shares opened lower after rising more than 2.50 percent in last 3 days. The Straits Times Index trading down 4.25 focuses, or 0.1 percent to 3,154.01 in morning.

Advance decline ratio still remains in favour of gainers 160 to 117 after about 723.0M shares traded. While turnover remains $451.9 million

The most effectively trade share was Ezion, ThaiBev, RexIntl.

Other index heavy weights active stocks included DBS up 0.07, UOB up 0.09 and SingTel up 0.02.

Top Gainer Stock

Gainers
Stock Last Change
CityDev 8.82 0.26
Hotel Royal 3.06 0.25
Jardine C&C 36.5 0.23
UOB 25.69 0.14
DBS 24.37 0.13

 

Top Loser Stock

Decliners
Stock Last Change
JMH USD 68.67 -0.5
Shangri-La HKD 10.62 -0.22
Haw Par 11.73 -0.17
DairyFarm USD 9.21 -0.1
Spura Finance 0.895 -0.055

 

Stocks in focus in today’s trade


Sunrise Shares Holdings:
Sunrise Shares Holdings said on Wednesday that the $0.017 per share general offer for the company made by its largest shareholder, Hong Kong-based businessman Wong Siu Fai, is “not fair and not reasonable.

Raffles United Holdings: Raffles United Holdings announced that it is proposing right issue of at price of $0.05 for each rights share in ratio 1:1. The issue price represents a discount of about 39 per cent to the closing market price of $0.082.

Duty Free International: Malaysian multi-channel duty free and duty paid retail group Duty Free International posted a net profit of RM15.2 million (S$5 million) for its third quarter ended Nov 30, 2018, up from foreign exchange gains.

 

Currency Market


Forex: USD/SGD pair trades at 1.3511 against previous close 1.3533 down 0.16%

Daily Range: 1.3510-1.3548

 

World Market


US market rallied for a fourth session on Wednesday, contribution by Apple, chipmakers and other trade-sensitive stocks after signs of progress in trade talks between the United States and China.

The Dow Jones Industrial Average rose 0.39 percent to finish at 23,879.12 points, while the S&P 500 gained 0.41 percent to 2,584.96. The Nasdaq Composite added 0.87 percent to 6,957.08.The S&P technology index rose 1.50 percent, with Apple Inc up 1.70 percent.

Volume on US exchanges was 8.0 billion shares, compared with the 9.0 billion-share average over the last 20 trading days.

 

Index Last Change%
Dow 30 23879.12 0.39
S&P 500 2584.96 0.41
Nasdaq 100 6857.08 0.87
FTSE 100 6906.63 0.66
DAX 10893.32 0.83

 

Commodity Market


Gold Price: Gold trade on higher side after dollar Index falls an positive talk between US and China.

Gold Trading Range: $1290-$1302

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