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Singapore Stocks Opened Lower Tracking Cues from Wall Street

Singapore: Singapore stocks opened lower today morning, with the Straits Times Index losing 36.31 or 1.1 percent to 3,131.48 as at 9 am.

About 55.7 million offers worth $104.2 million altogether changed hands, which worked out to a normal unit cost of $1.87 per share.

Losers outpaced gainers 119 to 20. The most effectively exchanged counter was SPH, which lost 0.38 percent to $2.62 with 6.4 million offers evolving hands. Different actives included Thai Beverage and Nam Cheong.

Among financials, each of the three banks opened in the red. DBS pared very nearly 2 percent to $24.47, UOB declined neato r a percent to $25.53, while OCBC went down 0.87 percent to $11.45.

Top Gainer Stocks

Gainers
Stock Last Change
Ellipsiz 0.45 0.03
IHH 1.85 0.02
Riverstone 1.21 0.02
Tianjin ZX USD 0.93 0.02
YZJ Shipbldg SGD 1.26 0.02

Top Loser Stocks

Decliners
Stock Last Change
JSH USD 37.9 -0.7
Shangri-La HKD 10.92 -0.5
DBS 24.51 -0.45
UOB 25.36 -0.42
Venture 15.26 -0.32

 

Stocks to Watch

Stocks on traders Radar based recent news: Singapore Exchange, Sysma Holdings, Kimly, Acromec, Datapulse Technology

Acromec: Engineering firm Acromec and egg rancher Chew’s Group have marked a letter of aim for a waste-to-vitality control plant fuelled by chicken excrement, said Acromec on Tuesday. Bites will purchase power from Accromec’s 80 percent-claimed joint endeavor organization for a long time, at a markdown of close to 10 percent to the common power levy rate.

Datapulse Technology: Erstwhile plate drive producer Datapulse Technology wrote about Tuesday that it was back operating at a profit for the primary quarter, with a net benefit of $131,000 for the three months to Oct 31, against a $1.33 million shortfall the year earlier.

Singapore Exchange: Bloomberg covered Tuesday that Singapore Exchange is redeploying individuals from its postings group in an offer to develop its worldwide impression, including moving its head of value capital market for parts to Hong Kong to lead deals endeavors there.

Sysma Holdings: Sysma Holdings has an $18.6 million contract to construct a two-story Good Class Bungalow in Jalan Kampong Chantek, off Dunearn Road, it said on Wednesday.

 

Currency Market:

The Dollar rises against SGD after 5 days decline, USD/SGD pair trades at 1.3681. Previous it closed at 1.3652.

Daily trading Range: 1.3642-1.3688.

 

World Market

It was quick Wall Street’s excitement for the US-China exchange détente has totally vanished. The Dow dropped 799, or 3.1%, on Tuesday. At a certain point, the record was down 818. The S&P 500 declined 3.2%, while the Nasdaq tumbled 3.8%.

Huge tech stocks fell pointedly. Apple (AAPL) and Alphabet (GOOGL) lost over 4% each. Amazon (AMZN) and Netflix dove over 5%.

The selloff wipes out a lump of a week ago’s the immense rally. The Dow bounced 288 points on Monday on help about the truce between the United States and China on the exchange. Experts are still extremely worried about the exchange war.

Index Last Change%
Dow 30 25027.07 -3.1
S&P 500 2700.06 -3.24
Nasdaq 100 7158.43 -3.8
FTSE 100 7022.76 -0.56
DAX 11335.22 -1.14

 

Commodity Market

Gold Price: Yesterday it trades higher raising another $10 to exchange at $1241.50. Silver is up another 22¢ at $14.63.This week, when the Commitment of Traders of the report is, will give an idea for future price trend what trader expect.

Gold trade in Range of $1230-$1240

 

 

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