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Posts Tagged ‘straits times index’

Aug 3: STI falls 22.61 to 2,636.59 in opening minutes

Singapore’s benchmark stock index, the Straits Times Index, fell 0.85% at 9:05 a.m.

The index of 30 companies traded on Singapore Exchange fell 22.61 to 2,636.59. Among the stocks in the index, 8 rose, 17 fell and 5 were unchanged.

Declines in the Straits Times Index were led by Jardine Matheson Holdings, United Overseas Bank and Oversea-chinese Banking Corp. About 94.54 million shares changed hands in Singapore.

Singapore Petroleum Co, which was unchanged at $6.23, was the most active stock by value in Singapore.

The next most-active issues were Fraser And Neave, which fell 5 cents to $4.10, and Capitaland, which rose 2 cents to $3.84.

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Aug 3: ARA Asset, Great Eastern, SMRT Corp., Wilmar

The following companies may have unusual price changes in trading today. Stock prices are from the previous close. The Straits Times Index rose 0.9% to 2,659.20.

ARA Asset Management (ARA SP): One of two Singapore-listed real estate investment trusts controlled by Hong Kong billionaire Li Ka-shing said it is acquiring the Suntec Singapore International Convention & Exhibition Centre for $235 million. ARA Asset was unchanged at 68 cents. Suntec REIT gained 2.8% to $1.09.

Aug 3: ARA Asset, Great Eastern, UOB, SMRT, Wilmar

The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Stock prices are from the previous close. The Straits Times Index rose 0.9% to 2,659.20.

Wall Street saw modest gains for its two key indices last Friday after government data showed the US economy contracted less than expected in the second quarter, indicating the recession may be moderating. The tech-heavy Nasdaq, however, dropped 0.29%.

ARA Asset Management (ARA SP): One of two Singapore-listed real estate investment trusts controlled by Hong Kong billionaire Li Ka-shing said it is acquiring the Suntec Singapore International Convention & Exhibition Centre for $235 million. ARA Asset was unchanged at 68 cents. Suntec REIT gained 2.8% to $1.09.

Week ahead comment August 3 : Waiting for the banks

The Straits Times Index made yet another new 2009 high last Friday, ending the week at 2,659. Although dealers say the market’s exuberance is nowhere near the levels experienced back in 2007, some analysts are getting cautious on the sector that triggered the bull market back in March and April — the banks. The three local banks will be reporting results next week, with Oversea-Chinese Banking Corp announcing on Aug 3, United Overseas Bank on Aug 5, and DBS Group Holdings on Aug 7. News is swirling around dealing rooms that DBS could announce a new CEO on Aug 7.

STI advances 1.2% to 2,636.19 at the close

The Straits Times Index advanced 1.2% to 2,636.19 at the close, its highest since Sept. 9. Two stocks gained for each that fell on the 30-company gauge. The following shares were among the most active in the market today. 
 
Lian Beng Group (LBG SP), a construction company, gained 3.3% to 31 cents. The company said profit in the year ended June 30 climbed 43% to $17.2 million.

July 30: STI opens flat at 2,603.07

Singapore’s benchmark stock index, the Straits Times Index, fell 0.04% at 9:05 a.m.

The index of 30 companies traded on Singapore Exchange fell 0.99 to 2,603.07. Among the stocks in the index, 13 rose, 11 fell and 6 were unchanged.

Declines in the Straits Times Index were led by Capitaland, Singapore Telecommunications and Olam International. About 88.02 million shares changed hands in Singapore.
Straits Asia Resources, which rose 3 cents to $1.94, was the most active stock by value in Singapore.

The next most-active issues were Singapore Telecommunications, which fell 1 cents to $3.45, and Capitaland, which fell 7 cents to $3.93.

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July 30: CapitaLand, Mercator Lines, SingTel

The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Stock prices are from the previous close. The Straits Times Index fell 0.8% to 2,604.06.

US stocks fell last night as investors worried that China might be ready to hit the brakes on lending, a move that could curb demand and hinder a global economic recovery.

CapitaLand (CAPL SP), Southeast Asia’s largest developer, said it posted a loss of $156.9 million compared with a profit of S$515.2 million, amid writedowns on its investments. It is the company’s first quarterly loss in five-and-a-half years. Its shares declined 1.5% to $4.

STI falls 0.8% to close at 2,604.06

The Straits Times Index fell 0.8% to 2,604.06 at the close. Almost five stocks fell for each that rose on the 30-member gauge. The following shares were among the most active in the market today. 

DBS Group Holdings
(DBS SP), Southeast Asia’s biggest bank, declined 2.6% to $13.36. The company was downgraded to “neutral” from “outperform” at CIMB Investment Bank Bhd., which said the stock’s recent advance had been excessive.

STI falls 5.01 to 2,619.03 on opening

Singapore’s benchmark stock index, the Straits Times Index, fell 0.19% at 9:05 a.m.

The index of 30 companies traded on Singapore Exchange fell 5.01 to 2,619.03. Among the stocks in the index, 9 rose, 16 fell and 5 were unchanged.

Declines in the Straits Times Index were led by DBS Group Holdings, United Overseas Bank and Noble Group. About 106.09 million shares changed hands in Singapore.

July 29: SIA, SingTel, Fortune REIT, F&N, Stats Chippac

The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Stock prices are from the previous close. The Straits Times Index advanced 1.8% to 2,624.04.

Financials may be subdued as the main US share indices were mixed, with technology stocks the only positive performers, as strong earnings reports were offset by the US consumer confidence index declining more than expected in July.

STI gains 1.8% to close at 2,624.04

The Straits Times Index advanced 1.8% to 2,624.04 at the close, its highest since Sept 9. Three stocks gained for each that declined on the 30-member gauge. The following shares were among the most active in the market today.

Developers: Shares of most developers gained ahead of planned sales of suburban residential projects.