Singapore shares may open slightly higher on Thursday, following gains on Wall Street overnight, but a tepid view of the economy from the Federal Reserve may weigh on investor confidence.
Singapore’s benchmark Straits Times Index <.FTSTI> rose 1.25% at 3,220.78 points.
Here are some stocks to watch:
Karnataka Chief Minister B.S.Yeddyurappa Thursday accused Governor H.R. Bhardwaj of being biased against him over the plea to sanction prosecution of the chief minister over alleged land scams. Strongly protesting against Bhardwaj’s remark of ‘ulta chor kotwal ko dante (it is like a thief reprimanding police) earlier Thursday, Yeddyurappa said by such statements the governor [...]
Singapore shares may open lower on Thursday, hit by weakness in Wall Street after key banking and technology stocks fell on disappointing results. Singapore’s benchmark Straits Times Index <.FTSTI> was down 0.23% on Wednesday at 3,241.96 points.
Stocks and factors to watch:
“The market’s been more or less flat for the last couple of days, so we’re not expecting much movement until Thursday when China will release 4Q GDP results, if the number is quite bullish then we expect some form of cooling measures from Beijing, which would be negative for the market,” says Ng Kian Peck, an investment analyst at SIAS Research.
Effective Friday, those who buy and sell residential properties within four years will have to pay a stamp duty, up from the current requirement of three years.
Two children died on Thursday when they were hit by a passenger train on a bridge over the Morava River in Doljevac, southeastern Serbia. Serbian Railways confirmed the accident, and said that it happened at 13:35 CET.
Singapore shares may open higher on Thursday after the S&P 500 rose overnight to its highest level since the collapse of Lehman Brothers, led by bank stocks that have leapfrogged other sectors in December.
The following companies may have unusual price changes in Singapore trading today, say Bloomberg and Thomson Reuters. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index gained 0.1% to 3,144.31.
The United States said Thursday South Korean artillery exercises planned for the next few days are routine and appropriate, VOA reports. North Korea should not see them as a provocation, Washington said.
Singapore shares were up 0.2% on Thursday in sluggish trade that traders said is likely to continue in the afternoon, but Singapore Airlines (SIAL.SI) underperformed the broader market on lower overall load factors data in November.
By the midday break, the Straits Times Index (STI) <.FTSTI> gained 6.60 points to 3,153.80. Total value of shares traded in the morning session was $628.3 million, down from $828 million on Wednesday.
Singapore shares may open slightly higher on Friday after Wall Street edged up overnight, with the benchmark S&P 500 closing at a two-year high, a trend investors expect to continue through the rest of the year. Singapore’s benchmark Straits Times Index <.FTSTI> was up 0.23 percent on Thursday to 3,210.20 points. Here are some stocks to watch, say Bloomberg and Thomson Reuters.
Genting Singapore (GENS.SI) may be in focus as its Resorts World at Sentosa casino is seeking to borrow around $4.2 billion ($3.2 billion) to pay off an existing loan, Reuters basis point reported on Thursday.
The Queen of Carmel Fraps and day-old Cheetos is getting sassy in her “old” age. Pop princess Britney Spears celebrated her 29th birthday on Thursday, with some big album news for fans and a special Twitter PSA to the “hatas.” “I’m almost done with my new album and it will be coming out this March,†[...]
Singapore shares may rise on Thursday, supported by news the government expects GDP to grow around 15% this year, which is at the higher end of previous expectations. The successful IPO of General Motors (GM.N) and hopes Ireland may soon find a solution to its debt woes are also likely to lift investor confidence.
The following companies may have unusual price changes in Singapore trading today, say Thomson Reuters and Bloomberg. Stock symbols are in parentheses, and share prices are from the previous close. The market was closed yesterday for a holiday. Singapore’s Straits Times Index fell 0.8% to 3,212.10.
Maharashtra Chief Minister Prithviraj Chavan has said, the list of Congress ministers to be inducted into his Cabinet is almost ready and the oath- taking ceremony is likely to be held tomorrow. Chavan said he would speak to alliance partner the Nationalist Congress Party (NCP) today on the issue of Cabinet expansion as requested by [...]
SingTel (Z74.SG) off 2.5% at almost 2-week low of $3.18, may end lower for third straight session, as investors continue to sell following telco’s below-view September-quarter results released Thursday, according to Dow Jones.
While improved dividend policy helped stock gain 1.8% Thursday, pullback since then suggests higher payout already priced in. Some broking houses remain upbeat over prospects despite fiscal 2Q11 net profit down 6.7% on-year at $892.2 million.
The Austrian parliament will ratify the Stabilization and Association Agreement (SAA) with Serbia on Thursday.
Head of Austria-Serbia parliamentary group Johann Mayer has confirmed the information to Tanjug news agency.
By the midday break, the Straits Times Index (STI) <.FTSTI> was up 12 points at 3,301.29. Total market volume was 1.05 billion shares.
A union leader has confirmed for B92 that he refused PM’s personal request to talk about the draft Law on Pension and Disability Insurance. But a trade unions’ negotiating team will meet with Prime Minister Mirko Cvetković on Thursday.
Singapore shares may open lower on Thursday, after US stocks fell overnight as investors scaled back expectations of possible action by the Federal Reserve to boost the US economy. Singapore’s benchmark Straits Times Index <.FTSTI> fell 1.21% on Wednesday to 3,124.38 points. Here are some stocks and factors to watch, say Thomson Reuters and Bloomberg:
The International Monetary Fund (IMF) Mission will arrive in Belgrade on Thursday, it has been announced. They will immediately begin technical talks with the Serbian government on the sixth revision of the stand-by arrangement between the IMF and Serbia, IMF Resident Representative in Serbia Bogdan Lissovolik has stated for Tanjug.
