(RTTNews.com) – The Singapore stock market turned higher again on Tuesday, one session after it had ended the modest two-day winning streak in which it had gained 6 points or 0.2 percent. The Straits Times Index settled just above the 3,465-point plateau, although the market is likely to remain rangebound Read More
Archive:April 8, 2015
Singapore’s stock market rebounded in tandem with its regional peers yesterday, hitting a new full-year high as investors took their cue from gains on Wall Street amid expectations of a delayed interest rate hike. The benchmark Straits Times Index (STI) rose 12.71 points or 0.37 per cent to 3,465.62 points. The STI hit its 52-week Read More
They averaged an 11% price gain. Singtel was the best-performing Straits Times Index (STI) constituent stock in the first quarter, data from the SGX revealed today. Singtel gained 12.3% year-to-date in Q1, markedly higher than the 0.7% price gain registered by the index as a whole. The next best-performing stock was Hongkong Land Holdings, which Read More
As a recap, the STI registered a 0.4% higher close despite rising as much as 0.7% intraday yesterday; the 3470 recent peak remains a tough obstacle to overcome in the near term. With local investors likely to stay by the sidelines in anticipation of the US Federal Reserve’s release of its minutes tonight, we could Read More
“We believe NIMs for the sector will move quite a bit in the coming quarters… 3-month SIBOR… has shot up and there is no reason to believe it will slow,” JPMorgan wrote in a March 16 sector report. The increase in SIBOR may be a double-edged sword as rising rates could impact debt servicing ability Read More