SGX May Run Out Of Steam On Tuesday

Bloomberg

The Singapore stock market has tracked higher in back-to-back sessions, collecting almost 20 points or 0.7 percent along the way. The Straits Times Index now sits just beneath the 3,190-point plateau although it may be stuck in neutral on Tuesday.

The global forecast for the Asian markets is soft, with profit taking anticipated. The European and U.S. markets finished under water and the Asian bourses are tipped to follow suit.

The STI finished modestly higher on Monday following gains from the financial shares, property stocks and industrial issues.

For the day, the index improved 22.71 points or 0.72 percent to finish at 3,189.01 after trading between 3,181.32 and 3,223.38, RTTNews cited.

Among the actives, Ascendas REIT lost 0.37 percent, while CapitaLand Integrated Commercial Trust and United Overseas Bank both collected 0.50 percent, CapitaLand Investment and Mapletree Logistics Trust both gained 0.60 percent, City Developments spiked 1.62 percent, Comfort DelGro plummeted 3.70 percent, DBS Group rallied 1.50 percent, Emperador dropped 0.98 percent, Genting Singapore tumbled 2.00 percent, Keppel Corp jumped 1.60 percent, Mapletree Pan Asia Commercial Trust climbed 1.21 percent, Mapletree Industrial Trust and Thai Beverage both sank 0.89 percent, Oversea-Chinese Banking Corporation advanced 0.82 percent, SATS added 0.80 percent, SembCorp Industries surged 3.08 percent, Singapore Technologies Engineering fell 0.27 percent, SingTel shed 0.80 percent, Wilmar International rose 0.52 percent, Yangzijiang Shipbuilding soared 2.46 percent and Hongkong Land and Yangzijiang Financial were unchanged.

The lead from Wall Street ends up negative as the major averages opened higher on Monday, but a late slump sent them all into the red the close.

Previous articleU.S. Stocks Slips After Tepid Report On Economy
Next articleHang Seng Index Futures: Strong Technical Rebound In Play

LEAVE A REPLY

Please enter your comment!
Please enter your name here