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Posts Tagged ‘closing’

STI drops 1.1% to 2,732.12 at closing

Singapore’s Straits Times Index dropped 1.1% to 2,732.12 at the close. Almost four stocks fell for each that rose on the 30-member gauge. The measure gained 3.1% this month, the most since July.
 
Shares on the measure trade at 16.7 times estimated earnings, compared with about 10 times at the start of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market. 

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STI drops 1.1% to 2,762.22 at closing

Singapore’s Straits Times Index dropped 1.1% to 2,762.22 at the close. The measure was little changed in this week’s shortened trading. The market will be closed for a holiday tomorrow. Seven stocks fell for each that rose on the 30-member gauge.
 
Shares on the measure trade at 16.9 times estimated earnings, compared with about 10 times at the start of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market. 

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STI gains 0.5% to 2,792.84 at closing

Singapore’s Straits Times Index gained 0.5% to 2,792.84 at the close. Three stocks rose for every two that fell on the 30-member gauge.
 
Shares on the measure are trading at 17 times estimated earnings, compared with about 10 times at the start of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market. 

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STI drops 0.6% to 2,779.98 at closing

Singapore’s Straits Times Index dropped 0.6% to 2,779.98 at the close. Two stocks fell for each that rose on the 30-member gauge.
 
Shares on the measure are trading at 17 times estimated price earnings, compared with about 10 times at the start of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market. 
 
Bulk carriers: The Baltic Dry Index, which measures the cost of shipping commodities, dropped 1.9% in London yesterday, taking losses in the past two days to 5.1%.

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STI rises 0.1% to 2,761.54 at closing

Singapore’s Straits Times Index rose 0.1% to 2,761.54 at the close, erasing losses of 0.3% earlier. The measure advanced 1.3% this week, its third weekly gain. Fourteen stocks rose, thirteen fell and three were unchanged in the 30-company gauge. The following shares were among the most active in the market. 
 
Cambridge Industrial Trust (CREIT SP) fell 1.2% to 42 cents after trading resumed. The stock was halted at the company’s request during today’s morning session and yesterday’s afternoon session. The industrial landlord said the Monetary Authority of Singapore did not approve Cambridge’s real estate investment trust becoming the manager of Macarthurcook Industrial REIT (MIREIT SP). Macarthurcook shares plunged 8.8% to 36.5 cents.

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STI rises 0.5% to 2,758.79 at closing

Singapore’s Straits Times Index rose 0.5% to 2,758.79 at the close. Three stocks climbed for every two that fell on the 30-company gauge.
 
Singapore’s economy will expand 3% to 5% in 2010 after shrinking as much as 2.5% this year, the trade ministry said today. Gross domestic product increased a revised annualised 14.2% last quarter from the previous three months, the second consecutive expansion, the ministry said.

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N.C. Wants Dell to Repay Incentives for Closing Plant

N.C. government leaders are asking Dell to repay tax breaks and other incentives the PC maker received from them when it built its PC plant four years ago. Dell has announced it is closing the manufacturing plant by January 2010, a move that will cost 905 employees their jobs. The shutdown is part of a larger initiative by Dell to save $4 billion through cost-cutting measures.
– North Carolina leaders want Dell to pay for shutting down a 4-year-old PC manufacturing plant in their state.
Dell officials announced Oct. 7 that they were closing the plant in Winston-Salem, N.C., by January 2010, a move that will cost 905 employees their jobs. The closing is part of a companywid…


STI gains 0.9% to 2,622.69 at closing

The Straits Times index gained 0.9% to 2,622.69 at the close, paring this week’s losses to 0.8%. Three stocks advanced for each that fell on the 30- member gauge. The following shares were among the most active in the market. 

Steve Parker: Should closed car dealers be re-opened by Congress?

The recent forced closing of thousands of new-car dealerships across America, most of them General Motors and Chrysler stores, has prompted strong protest from Washington….

Closing time

Why are Britain’s pubs shutting?

A PINT of beer down the local is a quintessential part of British culture. But in recent years many Britons have changed their drinking habits, shunning the pub and preferring to imbibe at home instead. Now over 50 pubs are closing every week, almost double the rate of a year ago, says the British Beer & Pub Association, a trade group. The recession, cheap alcohol at supermakets, and a smoking ban in pubs enacted in 2007 are all to blame. The government is also taking a bigger chunk in tax: from around 8p a pint in 1980 to nearly 38p now. Local boozers face the biggest struggle, because they are least likely to offer profitable food, coffee and the like. Meanwhile, chain pubs and cafe-bars are opening at a rate of two a week.

Belgrade Student Games officially closed

An official ceremony held at the Belgrade Arena on Sunday evening marked the closing of the 25th Summer University Games in Belgrade. The sporting event rallied 8,200 athletes from 122 countries.