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Straits Times index open below 3000 but recovered early losses after bargain buying in blue chips

SingaporeSingapore stocks opened lower but recovered early losses with the Straits Times Index up 27 points, or 0.9 per cent to 3040.

Advance to decline ratio stood at 144 /87, about 223.3 million change hands with value 317.5 million.

The most actively traded counter was Ezion which was up at 4.5 cents, Jasper Inv down 0.004.

Other index active constituents were DBS, UOB, SingTel, and OCBC bank

Other indices like FTSE ST Small Cap Index at 330.06 up 0.48, FTSE ST Mid Cap Index at 685.81 up 4.70.

Top Gainer Stock

Gainers
Stock Last Change
JMH USD 67.95 1.03
Jardine C&C 35.84 0.56
JSH USD 37.2 0.51
UOB 24.33 0.34
Creative 3.77 0.22

Top Loser Stock

Decliners
Stock Last Change
Great Eastern
24.54 -0.44
Delong 6.08 -0.06
Man Oriental USD
1.9 -0.03
China Sunsine
1.18 -0.02
Civmec 0.41 -0.02

 

Stocks in focus in today’s trade


China Star Food Group:
Catalist-listed appointed Yeo Choon Tat, as its deputy CEO with effect from Jan 3.The counter closed at two Singapore cents on Thursday.

LTC Corp: Trading in shares of LTC Corp will be suspended ahead of its trading and property group delisting from SGX exchange.

Creative Technology: Creative accepted taking orders for the headphones featuring Super X-Fi (SXFI).Expanding the product range, the new technology will also feature better compatibility with other manufacturers’ platforms, most notably Apple’s iOS devices.

Currency Market

Forex: USD/SGD pair trades at 1.3620 against previous close 1.3639 down 0.14%

Daily Range: 1.3616-1.3649

World Market


Wall Street plunged lower after slowing U.S. factory activity; apple’s slower future sales forecast fears of a global economic slowdown.

Apple’s revenue shortfall guidance hits other technology stocks also. Which pulled all three major U.S. stock indexes down more than 2 percent, with the Nasdaq posting a 3 percent loss. S&P Technology companies saw its biggest one-day percentage drop since August 2011.

Major automakers reported weak U.S. new car sales in December, with Ford Motor Co and General Motors Co reporting sales falling by 8.8 percent and 2.7 percent,

The Dow Jones Industrial Average fell 660.02 points, or 2.83 percent, to 22,686.22, the S&P 500 lost 62.14 points, or 2.48 percent, to 2,447.89 and the Nasdaq Composite dropped 202.43 points, or 3.04 percent, to 6,463.50

 

Index Last Change%
Dow 30 22686.22 -2.83
S&P 500 2447.89 -2.48
Nasdaq 100 6463.5 -3.04
FTSE 100 6692.66 -0.62
DAX 10416.66 -1.55

 

Commodity Market


Gold Price:
Gold trade with positive near $1300 mark after weak US manufacturing data Gold trade at $1297.

Gold Trading Range: $1288-$1302

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