Singapore shares post gains, amid advances in other Asian markets. Overnight, Greece’s lawmakers passed a bailout agreement that kept it in the euro-zone.
At 10:21am (0221 GMT), the Straits Times Index rose 0.40% to 3,352.05. Market breadth was positive, with 144 gainers outpacing 96 decliners.
DBS Group Holdings, Singapore Telecommunications, Oversea-Chinese Banking Corporation, United Overseas Bank, and Singapore Exchange were among the most active stocks in the market.
Among top gainers were China Fibretech, DBS Group Holdings, Singapore Airlines, while Jardine Matheson Holdings, Haw Par Corporation, and IPC Corporation led decliners.
Oxley Holdings jumped 8.6% to 44 cents. The property developer has agreed to acquire a 20% stake in the enlarged share capital of Galliard (Group), a leading UK developer, for GBP50 million ($107 million).
ISDN Holdings rose 2% to 26 cents. The company, which provides integrated precision engineering and industrial computing solutions, announced that it has received the in-principle approval to develop a 20 megawatt hydropower plant along the Rawa River in the Sigi Regency, Central Sulawesi.
Singapore Airlines gained 1.2% to $11.31, despite reporting that systemwide passenger carriage measured in revenue passenger kilometres decreased 3.4% y-o-y in June this year. Passenger load factor dropped 1.6 percentage points to 79.9%.
CapitaLand Mall Trust traded flat at $2.15. The REIT, which invests in retail properties, says that it is currently exploring options that included but not limited to a disposal or redevelopment of Funan Mall, the shopping centre well-known for its IT gadgets.
Among top decliners, TSH Corp tumbled 3.6% to 8 cents. The company, which provides ordnance and homeland security services, expects to incur a net loss in the first half ended June 30, 2015 on lower gross margin from its consumer electronic products business, lower revenue contributed by its homeland security services business, and the loss from the sale of a property development project.
Click Here To Register For Free Trial Services
OR
Give A Missed Call : +6531581402
Follow Us On Twitter : www.twitter.com/epicresearchsg
Like Us On Facebook : www.facebook.com/EpicResearchSingapore
Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg 
0 comments:
Post a Comment