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Posts Tagged ‘Straits’

Changtian Plastic, M1 down, GuocoLand, ST Engineering gain

The Straits Times index dropped 0.8% to 2,687.64 as of 9:26 a.m. All but five of the gauge’s 30 members dropped. The following shares were among the most active in the market.

STI advances 1.1% to 2,611.89 at closing

The Straits Times Index advanced 1.1% to 2,611.89 at the close. Four stocks gained for each that fell on the 30-member gauge. The following shares were among the most active in the market. 

CapitaLand (CAPL SP): Southeast Asia’s largest developer, gained 2.2% to $3.75, its highest closing level since Sept. 16. AmFraser Securities Pte, Deutsche Bank AG and OCBC Investment Research upgraded the stock after the company said it plans to list its CapitaMalls Asia, which will own and manage its shopping malls in China, Malaysia, Japan, India and Singapore.

STI loses 0.2% to 2,594.01 at the break

The Straits Times index lost 0.2% to 2,594.01 as of the 12:30 p.m. trading break in Singapore. Four stocks dropped for every three that rose on the 30-member gauge. The following shares were among the most active in the market.

STI ends 0.1% higher to close at 2,596.39

The Straits Times index added 0.1% to 2,596.39 at the close. Four shares rose for every three that fell among the 30 stocks on the gauge. The following shares were among the most active in the market.

Action Asia (ACTA SP), a supplier of liquid crystal display television receivers, advanced 7.4% to 14.5 cents. The company said it plans to raise up to $24 million from the sale of shares as Taiwan depository receipts. The move is expected to widen its foreign investor base, it said.

STI loses 0.3% to 2,620.25 as of 12:30 pm

The Straits Times index lost 0.3% to 2,620.25 as of the 12:30 p.m. trading break in Singapore. Four stocks fell for every three that rose on the 30- member gauge. The following shares were among the most active in the market.
 
China XLX Fertiliser (CXLX SP), a manufacturer of urea, compound fertilizer and methanol, rose 1.9% to 53.5 cents. The company said it has started operating a new facility, which doubles the group’s annual production capacity to 600,000 tons.

STI advances 1.6% to 2,611.47 at 12:30 p.m.

The Straits Times index advanced 1.6% to 2,611.47 as of the 12:30 p.m. trading break in Singapore. Almost four stocks rose for each that fell on the 30- member gauge. The following shares were among the most active in the market today.

STI drops 1.4% to 2,565.82 at 12:30 pm

The Straits Times Index dropped 1.4% to 2,565.82 at the 12:30 pm trading break in Singapore. Four stocks declined for each that rose on the 30-member gauge. The following shares were among the most active in the market today.
 
Chemoil Energy (CHEME SP), the world’s largest independent supplier of marine fuels, lost 6.8% to 48 US cents. The company said second-quarter profit fell 45% to US$12.2 million ($17.5 million) because of lower sales to ship owners.

STI loses 1.6% to 2,606.83 at the close

The Straits Times Index lost 1.6%to 2,606.83 at the close in Singapore. Two stocks fell for each that gained on the 30-member gauge. The following shares were among the most active in the market today. 
 
CDL Hospitality Trusts (CDREIT SP), a hotel operator partly owned by City Developments, declined 1.8% to $1.18. UBS AG raised its share-price estimate to $1.58 from 95 cents and maintained its “buy” rating on the stock.

STI rises 0.8% to close at 2,681.64

The Straits Times Index rose 0.8% to 2,681.64 at the close, wiping off earlier losses of as much as 1%. Seven stocks gained for every two that dropped on the 30-member gauge. The following shares were among the most active in the market today.

ARA Asset Management
(ARA SP), one of two Singapore-listed real estate investment trusts controlled by Hong Kong billionaire Li Ka-shing jumped 7.4% to 73 cents. The company said it is acquiring the Suntec Singapore International Convention & Exhibition Centre for $235 million.

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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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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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.

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.