Singapore: Singapore market open lower with Straits Times Index holding support of 3180
Singapore shares opened lower with the Straits Times Index lost 17 points or -0.55 percent loss.
Advance to Decline stood at 10 to 203, with about 899.14M shares change hands with turnover remains at S$481.88M.
Top active counter by volume included stocks like Rex Intl (up +0.003) at 0.097, Ezion (up 0.001) at 1.96, LionGold (up 0.001) at 0.002.
Gainers included stocks like JMH USD up 0.40%, Jardine C&C up 0.43%, and JSH USD 37.180 up 0.38% while decliners included SEVAK down 5.78%, UOB down -0.70%, and SIA down 1.74.
Fortune Real Estate Investment Trust (Reit): Fortune Reit will payout distribution of 51.25 HKD cents per unit for 2018. This distribution to unit holders is 1 percent more as compare with 2017.
M1: Telco M1 – Company saw earnings slide for the fourth quarter on higher expenses, according to unaudited financial results released on Monday. Its net profit fell to $25.2 million for the three months to Dec 31, 2018, down 21.4 per cent on the previous year.
CDL Hospitality Trust: Distribution for this quarter fell to 2.77 SGD cents which saw fall of 2.1 percent as compared to year ago. Net property income also fell 5.4 per cent to $38.4 million, as revenue dropped 5.4 per cent to $52.3 million, mainly due to the absence of contribution from three properties.
Forex Signal: USD/SGD pair trades at 1.3539 against previous close 1.3527 up 0.08%
Daily Range: 1.3525-1.3546
Global stock markets mainly US markets witnessed lower closing after computer peripherals major Nvidia and construction engineering equipments Caterpillar warned about weak Chinese demand.
The dollar fell against major cross peers as traders awaiting the Federal Reserve’s two-day policy meeting ending Wednesday and the results of U.S.-China trade talks this week.
The Dow Jones Industrial Average fell 208.98 points, or 0.84 percent, to 24,528.22. The S&P 500 lost 20.91 points, or 0.78 percent, to 2,643.85 and the Nasdaq Composite dropped 79.18 points, or 1.11 percent, to 7,085.69.
Gold Price: Gold spot remain positive and steadily trading above $1300. In early morning trade Gold trading near $1303 made high $1304.59 and low $1302.79.
Today Gold Trading Range: $1295-$1310