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Singapore Stocks-Seen opening higher; SGX in focus

Singapore shares are likely to open higher on Friday as improved U.S. data and moves by the European Central Bank to support struggling Portugal lifts the mood.

Singapore Exchange may be in focus after announcing it is consulting on a proposal to bring in circuit breakers for its securities market as a safeguard to help prevent huge swings in stock prices during times of price volatility.

Stocks and factors to watch:

— TIGER AIRWAYS

– Singapore budget carrier Tiger Airways said on Thursday that forward bookings on its Singapore operation remain solid and in line with their recent trend, despite the grounding of its Australian operation.

— OVERSEA-CHINESE BANKING CORP

– OCBC, Singapore’s second-biggest lender, said on Thursday it has priced A$500 million ($534.8 million) of three-year notes in an offering targeted mainly at institutional and sophisticated investors in Australia and Asia.

— SIM SIANG CHOON

– Singapore’s Sim Siang Choon said on Thursday its oil and gas arm Loyz Oil had finalised an agreement with Rex Oil & Gas for exploration activities in 35 areas across the Asia Pacific region. Rex offers technologies that may reduce exploration risks and costs, the firm said.

– Singapore’s benchmark Straits Times Index rose 0.36 percent on Thursday to 3,125.87 points.

– The Dow Jones industrial average gained 0.74 percent to finish at 12,719.49. The Standard & Poor’s 500 Index rose 1.05 percent to 1,353.22. The Nasdaq Composite Index advanced 1.36 percent to 2,872.66.

ASIA-PACIFIC STOCK MARKETS:

Japan S.Korea China

Hong Kong Taiwan SE Asia

Australia/NZ India

OTHER MARKETS:

Wall Street Gold Currency

Eurostocks Oil JP bonds

ADR Report LME metals US bonds

Adapted from Reuters.

Posted in Singapore Trading NewsComments (0)


 

Symbol Bid Ask Spread
EURUSD 1.17570 1.17590 2
GBPUSD 1.28240 1.28270 3
USDCAD 1.25390 1.25420 3
USDJPY 109.320 109.340 2
USDCHF 0.96760 0.96790 3
AUDUSD 0.79210 0.79240 3
NZDUSD 0.72940 0.72990 5
EURGBP 0.91660 0.91690 3
EURCHF 1.13760 1.13790 3
EURJPY 128.530 128.560 3
AUDJPY 86.600 86.650 5
GBPJPY 140.200 140.260 6
XAUUSD 1286.45 1286.85 40
XAGUSD 16.964 16.979 1.5