News

Singapore STI Index open higher; STI up 1.47% to 3,163.45

Singapore: Singapore stocks opened more grounded on Monday (Dec 3), with the Straits Times Index climbing 1.47 percent or 45.84 focuses to 3,163.45 as at 9.03am, after the pioneers of US and China concurred in a gathering on Saturday to hold off new duties.

Gainers dwarfed washouts 136 to 29, or around 14 securities up for each three down, after 90.7 million securities worth $174.7 million changed hands.

Among the most stock active by volume, Ezion Holdings headed up 6.6 percent or 0.4 Singapore penny to $0.065 with 12.4 million offers exchanged. Genting Singapore rose 2.6 percent or $0.025 to $0.995 with 11.1 million offers exchanged.

Financial sector stock leads the market with DBS Group Holdings up 2.0 percent or $0.49 to $24.87; OCBC Bank, up 2.2 percent or $0.25 to $11.51; and United Overseas Bank, up 1.6 percent or $0.40 to $25.55.

SGX Top Gainer Stocks

Gainers
Stock Last Change
Jardine C&C 36.41 1.21
Venture 15.78 0.87
JMH USD 66.77 0.74
DBS 25.1 0.72
UOB 25.85 0.7

SGX Top Loser Stocks

Decliners
Stock Last Change
Haw Par 12.7 -0.1
IHH 1.78 -0.08
China Mining 0.18 -0.06
Man Oriental 1.97 -0.06
PCI 0.95 -0.05

 

Stocks to Watch

Stocks in news: Keppel REIT (KREIT), KLW, Nico Steel,

KLW Holdings: KLW Holdings hopes to recoup an underlying measure of $1 million on Monday, in progressing legitimate procedures to recuperate responsibility charges from unapproved term sheets that were gone into by KLW’s previous overseeing executive in 2014. It is guaranteeing about $7.8 million from Chan Ewe Teik Michael and his organization Straits world Advisory Limited, for legitimate expenses and the responsibility charges paid under the term sheet for a property improvement venture in Zhangye Gansu, China.

Nico Steel Holdings: Mainboard-recorded Nico Steel Holdings reported on Monday new requests of around 22 tons for every period of aluminum compound materials for two clients. Of the new requests, 20 tons for each month is from a current client – a noteworthy worldwide brand of tablets. The other request of 1.8 tons month to month is for another client – a noteworthy printer arrangements producer.

Keppel REIT (KREIT) on Nov 30 reported that it will strip a 20% stake in Ocean Financial Center to Allianz Real Estate for $537.3 million.

Index Last Change%
Dow 30 25538.46 0.79
S&P 500 2760.17 0.82
Nasdaq 100 7330.54 79
FTSE 100 6980.24 -0.83
DAX 11257.24 -0.36

 

 

Currency Market

Forex Signals: The Singapore Dollar rise against US Dollar after news came from G20 meeting that both trade giant like US and China agree to halt trade restriction for more days.

 

World Market

Monday could be a major day for Wall Street, as U.S. securities exchange fates flooded out of the door Sunday. Dow Jones Industrial Average future +1.78% prospects were up in excess of 400, or 1.6%, on Sunday night, China consented to a ceasefire in their exchange war throughout the end of the week, with President Donald Trump saying he would not raise duties toward the beginning of the New Year as he had compromised to do.

Asian securities exchanges ascended also in early exchanging, with benchmark files in Australia XJO, +1.67 %, Japan NIK, +1.55% and South Korea SEU, +1.75% over 1% higher, while lists in Hong Kong HSI, +2.78% and Shanghai SHCOMP, +2.91% hopped over 2%.

Oil price also rose as well, with West Texas Intermediate rough for January conveyance CLF9, +5.12% up over 3% while the worldwide benchmark Brent unrefined LCOG9, +1.73% ascended on expectations that facilitating exchange pressures will goad financial development.

 

Gold Price Forecast

Gold Price trade steady after US dollar side against all other Asian currencies after halting of the trade war between the US and China.

Gold Daily Price Range: $1221-$1229

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