Amtek Engineering (M1P.SG) is +5.6% at $1.03, back above $1.00 for the first time in 5 sessions.
Interest has been picking up ever since the stock reached a low of $0.945 last week, although it’s still trading well below its $1.30 IPO price, which investors had deemed expensive in terms of valuation, especially for a company returning to the market after being delisted in 2007.
STI +0.2% at 3186.11 in broad rebound with over 3 gainers for every decliner, 386 million shares traded worth $392 million, says Dow Jones.
“We’re just following the US,” says dealer at local brokerage after DJIA closed +1.2%. Raft of economic data from China due shortly, including CPI, 3Q GDP, likely to set market tone for rest of session, dealer adds.
Singapore shares higher after Wall Street’s overnight rally, but advance no where close to US gains as investors wary of plowing in more money ahead of tomorrow’s key US jobs report, according to Dow Jones.
STI +0.7% at 3,002.09, not likely to challenge year-to-date high of 3,043. Market breadth at 5 gainers for every decliner.
Singapore stocks may get boost from country’s better-than-expected 1Q10 economic performance, 2010 GDP upgrade although gains may be limited as investors keep watch on corporate earnings trickling in, says Dow Jones.
US Secretary of State Hillary Clinton faces a delicate job striking the right tone on her seven-nation trip to Africa next week if she wants to compete against China’s growing influence. The 11-day trip — Clinton’s longest as secretary of state — comes three weeks after President Barack
Bosses of a breakfast television broadcast in the UK demanded that quirky pop sensation Lady Gaga tone down her daring stage attire to avoid offending some of the show’s more conservative viewers.
The hitmaker dropped by Britain’s GMTV on Thursday to perform her new hit single Paparazzi,” but producers were concerned about how her signature skimpy [...]
The mere presence of a black U.S. president on Ghanaian soil, speaking to Ghanaian people about Ghanaian problems, marks a welcome rekindling of discourse between blacks throughout the diaspora.
Amid the anticipated media narrative, of Ghana excitedly welcoming the first Black President on his first trip to sub-Saharan Africa, many are also wondering about the substance.
