Little Movement Predicted For Singapore Shares

(RTTNews) - The Singapore stock market has climbed higher in two straight sessions, gathering almost 20 points or 0.6 percent along the way. The Straits Times Index now rests just beneath the 3,250-point plateau and it's expected to be rangebound again on Wednesday.

The global forecast for the Asian markets is murky thanks to ambiguity regarding trade and interest rates. The European markets were slightly higher and the U.S. bourses were mixed and little changed and the Asian markets figure to see little movement as well.

The STI finished modestly higher on Tuesday following gains from the industrials and financials, while the plantation stocks were mixed.

For the day, the index rose 12.23 points or 0.38 percent to finish at 3,248.63 after trading between 3,237.46 and 3,256.54. Volume was 1.37 billion shares worth 1.2 billion Singapore dollars. There were 226 gainers and 159 decliners.

Among the actives, Yangzijiang Shipbuilding skyrocketed 7.29 percent, while Dairy Farms International surged 4.20 percent, Golden Agri-Resources plummeted 2.22 percent, Singapore Press Holdings soared 2.22 percent, Singapore Technologies spiked 1.23 percent, SembCorp Industries jumped 0.87 percent, Singapore Exchange and Thai Beverage both accelerated 0.56 percent, Wilmar International climbed 0.52 percent, Keppel Corp advanced 0.44 percent, Comfort DelGro added 0.43 percent, Singapore Airlines dropped 0.42 percent, Mapletree Commercial Trust gathered 0.42 percent, United Overseas Bank collected 0.34 percent, DBS Group gained 0.15 percent, Oversea-Chinese Banking Corporation rose 0.09 percent and Genting Singapore, SingTel, CapitaLand and CapitaLand Commercial Trust were unchanged.
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