Singapore shares inched up, amidst a decline among Asian bourses. Mainland Chinese markets tumbled, as monetary easing measures failed to stem the rout. Meanwhile, Wall Street closed weaker overnight as US non-farm payrolls came in lower than expected for the month of June.
At 10:29am (0229 GMT), the Straits Times Index rose 0.28% to 3,337.19. Market breadth was however negative, with 144 decliners outpacing 119 decliners.
DBS Group Holdings, Singapore Telecommunications, Global Logistic Properties, Neptune Orient Lines, and CapitaLand were among the most active stocks in the market.
Among top gainers were DBS Group Holdings, Jardine Matheson Holdings, and Singapore Airlines, while Jardine Cycle & Carriage, City Developments, and Venture Corporation led decliners.
Keong Hong Holdings climbed 1.1% to 46 cents. The construction services company, through its subsidiary Keong Hong Construction, has won a contract valued at $163.38 million to carry out the building works for Parc Life Executive Condominium at Sembawang Crescent by Sembawang Residences.
QT Vascular last traded at 18.2 cents on July 2. The company, which provides treatment of vascular diseases, requested for a trading halt on its shares pending the release of announcements.
Cosco Corporation (Singapore) traded flat at 48 cents. The shipbuilder announced that its unit Cosco (Zhoushan) Shipyard Co. has delivered a 64,000 dwt bulk carrier named Kambos to its European buyer.
BBR Holdings (S) traded flat at 23.5 cents. The construction and specialised engineering company announced that it has successfully secured its second Pre-fabricated Pre-finished Volumetric Construction (PPVC) contract.
SIIC Environment Holdings traded flat at 19.2 cents. The waste water treatment company’s wholly-owned subsidiary, Wuhan Huang-Pi Kaidi Water Services Co., has clinched a BOT (Build-Operate-Transfer) project from the municipal government of Huang-Pi district, Wuhan city, China. The investment in the Wuhan Huang-Pi Wuhu Wastewater BOT project is $13.9 million.
Among decliners, Global Logistic Properties dipped 0.8% to $2.52. The global provider of modern logistics facilities announced after market close yesterday that it has signed leases agreements totaling 58,000 sqm (624,000 sq ft) with four customers in China including JD.com and RT-Mart.
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