Archive | Singapore Trading News

Singapore stock market report (May 2011)

Hour Glass Delivers Record Profit On Higher MarginsLuxury watch group The Hour Glass delivered a record profit for the full year ended 31 Mar-11, with the bottom line jumping 29.1% from $32.8m to $42.4m. This in turn brings earnings per share to 18.1 cents, up from the previously 14.1 cents. The improvement was underpinned by […]

Read the full story

Posted in Singapore Trading News0 Comments

A-Sonic removed from SGX watch-list

A-Sonic removed from SGX watch-list SINGAPORE: A-Sonic Aerospace has been removed from the Singapore Exchange’s (SGX) watch-list after the firm posted net profits of US$1.43 million in the first quarter of this year. A-Sonic, which operates logistics and aerospace component distributorships, was subsequently removed from the watch-list on May 20 pursuant to SGX listing rules. […]

Read the full story

Posted in Singapore Trading News0 Comments

Stock Market News for May 25, 2011

On Tuesday, oil prices gained strength after banks upgraded their crude price forecast; sales of new homes recorded their second consecutive monthly gains, and corporate results came in better than expected. However, markets negated all these positives to drop further down for the third-consecutive day as lingering concerns about slowing growth continued to dampen investor […]

Read the full story

Posted in Singapore Trading News0 Comments

OCBC says cautious in promoting offshore yuan deposits in Singapore

Oversea-Chinese Banking Corp , Singapore’s second-biggest bank, is not aggressively promoting offshore yuan deposits to Singapore customers due to the risk of near-term losses as the local currency is likely to appreciate at a faster pace. “We’re pretty cautious with regard to offshore RMB business in terms of deposits. For a Singaporean, we think it […]

Read the full story

Posted in Singapore Trading News0 Comments

Singapore Exchange: Singapore inflation slows to less than 5% for first time in 2011 Share

Singapore’s inflation slowed to less than 5% for the first time this year in April as a strengthening currency reduced the cost of imported goods. Consumer prices rose 4.5% last month from a year earlier, the Department of Statistics said in a statement today. That was the slowest pace in five months, according to data […]

Read the full story

Posted in Singapore Trading News0 Comments

Analysts do not expect Cabinet reshuffle to affect stock market

Analysts do not expect Cabinet reshuffle to affect stock market The Singapore stock market inched higher, with the ST Index rising 0.15 per cent to 3,141.21 points, following the unveiling of the new Cabinet by Prime Minister Lee Hsien Loong on Wednesday. Analysts said they do not expect the leadership reshuffle to cause wild swings […]

Read the full story

Posted in Singapore Trading News0 Comments

Singapore Stock Market Update

Singapore shares edged up after releasing of GDP data, with STI up 21.68 points to open at 3152.1. Shares recover from yesterday’s losses but continue to move choppy in early trades.Prime Minister Lee Hsien Loong yesterday announced sweeping changes to his Cabinet line-up, bringing in new chiefs for 11 of the 14 ministries and promising […]

Read the full story

Posted in Singapore Trading News0 Comments

LME, SGX to Start Lead, Steel Futures in Third Quarter

The London Metal Exchange and Singapore Exchange Ltd. (SGX) will begin trading lead and steel futures on the Singapore bourse in the third quarter, according to Liz Milan, managing director for LME Asia. Each dollar-denominated lead contract will represent five metric tons of metal, while the steel contract will represent 10 tons of the alloy, […]

Read the full story

Posted in Singapore Trading News0 Comments

SGX Adds New ADRs of Top Japan and Korea

The Singapore Exchange will add eight more ADRs to its GlobalQuote board on 18 May. All the ADRs are fungible with those listed in the US and allow investors, for the first time, to manage their exposure to these companies round-the-clock. Five of these ADRs are of major Japanese companies including the world’s biggest automaker […]

Read the full story

Posted in Singapore Trading News0 Comments

Foxconn Expects Dramatic Improvement in 2011, as Shares Jump

Foxconn International Holdings Ltd said it expects a “dramatic improvement” in 2011, propelling its share price to log the biggest gain in more than a year. The money-losing company, which is due to be removed from Hong Kong’s benchmark Hang Seng Index [.HSI 23011.14 110.06 (+0.48%) ] on June 7, has been struggling under a […]

Read the full story

Posted in Singapore Trading News0 Comments

Hyflux to offer preference shares at S$100 each

Hyflux to offer preference shares at S$100 eachSINGAPORE: Water treatment firm Hyflux said it plans to offer up to S$200 million preference shares at an issue price of S$100 a piece. Preference shares are hybrids that have the properties of both equity and debt instruments. They usually carry a preferential dividend, and are senior to […]

Read the full story

Posted in Singapore Trading News0 Comments

Australia’s OM Holdings faces opposition to Hong Kong listing

Australia’s OM Holdings faces opposition to Hong Kong listing(Reuters) – Manganese producer and trader OM Holdings has run into opposition to a planned dual listing on the Hong Kong stock exchange from its top shareholder, Ukrainian billionaire Gennady Bogolyubov’s Consolidated Minerals. Consolidated Minerals, which owns 11.4 percent of OM Holdings, said it planned to vote […]

Read the full story

Posted in Singapore Trading News0 Comments

 

Symbol Bid Ask Spread
EURUSD 1.17580 1.17600 2
GBPUSD 1.31890 1.31920 3
USDCAD 1.26550 1.26580 3
USDJPY 113.640 113.660 2
USDCHF 0.98530 0.98560 3
AUDUSD 0.77810 0.77840 3
NZDUSD 0.69210 0.69260 5
EURGBP 0.89130 0.89160 3
EURCHF 1.15850 1.15880 3
EURJPY 133.620 133.650 3
AUDJPY 88.420 88.470 5
GBPJPY 149.870 149.930 6
XAUUSD 1279.89 1280.29 40
XAGUSD 17.063 17.113 5