Analysts expect near-term resistance at 3,235 but the index has been stalling around the 3,220-3,225 area over the past few sessions.
CapLand says inclusive of a $12.8 million development charge, the land cost works out at $1,056 psf per plot ratio. It plans to build 150 units of 1 and 2 bedroom apartments, for launch in 1H12.
By the midday break, the Straits Times Index (STI) <.FTSTI> was up 3.26 points at 3,224.04. The total value of shares traded in the morning session was $838.8 million, up from $815.1 million on Wednesday.
Daiwa says NPI was 5% higher than forecast, while DPU was 3% higher. “The stronger-than-expected NPI came almost solely from the Renhe Spring Zongbei Property in Chengdu, China, which reported NPI of S$3.38 million (+72% on quarter).”
By the break, the Straits Times Index (STI) <.FTSTI> was up 1.44 points at 3,187.20. The total value of shares traded in the morning session was $845.1 million, up from $562.1 million
Companies are still holding back on salary increases for IT professionals, and many workers say they are going to switch employers to boost their salaries, according to a report from Dice. – Even as the economy recovers and companies start hiring IT workers again,
the average pay for technology workers remained flat for a second year in a
row, according to the results of a survey released by technology and engineering career Website Dice
on Jan. 19.
The online poll of nearly 20,000 …
A benchmark index for Indian equities markets Wednesday was trading flat in early trade. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,153.31 points, was ruling at 19,084.99 points – down 7.06 points from its previous close at 19,092.05 points. The 50-scrip S&P CNX Nifty of the National Stock [...]
The STI is flat at 3,262.07 at 9:48 a.m., off its opening 3,270 high but largely shrugging off bearish leads from US markets, as Friday’s 0.6% loss for the STI appears to have already priced in worries over the health of the US recovery, while confidence in local companies’ earnings growth remains.
Phillip Securities says Friday’s US payrolls print was “not a sterling result but we think not terrible for equities either…we remain positive for stocks for the year.” It keeps the STI target at 3,650. It adds, Friday showed signs of buying off 3,250/3,255 support, while the general upward trajectory remains, despite the lower close.
Volume shrinks slightly too, with 1.10 billion shares traded vs 1.50 billion at this point yesterday. “The main talk is that there’s really very little fresh incentive to buy,” says an analyst at a local brokerage. He says players will be watching the U.S. for cues, as well as China, where tackling inflation is now the key concern.
Singapore’s Straits Times Index was little changed at 3,208.95 as of 9:50 a.m. Six stocks gained for every five that fell on the benchmark index of 30 companies.
Shares on the measure trade at an average 15.7 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg.
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The STI is flat at 3,148.20 in anaemic volume of 692 million shares worth $894 million, as a lack of global and domestic catalysts, combined with the fact that most participants are winding down for the festive season, means trade remains rangebound and largely directionless.
Southeast Asia’s largest lender DBS (DBSM.SI) led Singapore banks higher as of midday on Friday, as investors sought bargains among stocks that have underperformed so far this year.
At the lunch break, the Straits Times Index (STI) <.FTSTI> was up 3.31 points at 3,150.98. The total value of shares traded in the morning session was $774.9 million, up from $628.3 million on Thursday.
Singapore’s Straits Times Index closed little changed at 3,147.67. Three stocks fell for every two that rose in benchmark equity index of 30 companies.
Shares on the measure trade at an average 15.3 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg.
Olam International (O32.SG) is flat at $3.07 with a thin 216,000 shares changing hands in the opening minutes of trade, showing that investors are largely unexcited about the commodity supply chain manager’s latest acquisition.
The STI is flat at 3,175.37, with the Singapore market shrugging off the positive lead from Wall Street and continuing its recent weak tone amid mixed regional bourses; volume is low again at 277 million shares and expected to stay that way until year-end, barring any shocks from overseas.
