Monday, December 28, 2015

STI up 0.10% at 2,880.38 at midday

The Singapore market appears to be stuck in holiday mood, with many traders still on vacation and little news to move the market.

As at 12.02pm, the benchmarrk Straits Times Index is up 2.76 points or 0.1% higher at 2,880.38. In the broader market, 310 million shares valued at $178.6 million were traded. Gainers edged out losers 148 to 141.

Among the most actively traded blue-chip stocks, Singapore Telecommunications is up 0.3% at $3.67 while DBS Group is up 0.4% at $16.70.

Newly-listed seafood restaurant operator Jumbo Group is up 4.9% at 43 cents. The restaurant said last month it was on target to open a third restaurant in Shanghai in January, but warned that the food and beverage (F&B) industry remains challenging. For the fiscal year ended Sept, Jumbo posted a 8% fall in earnings to $10.6 million as “other operating expenses” rose.

Global Yellow Pages is down 10.9% to 16.3 cents after the information directory firm said on Thursday afternoon that it has lodged a report with the Singapore Police Force's Commercial Affairs Department related to potentially irregular transactions in its subsidiary Singapore River Explorer.

Wilmar International is up 1% at $2.96 after the commodities group announced it plans to jointly establish a sugar venture in Brazil with Sao Paulo-based Raizen Energia SA, according to media reports last Thursday. Raizen is a partnership between Royal Dutch Shell and Cosan SA. Brazil is the world's biggest sugar producer and exporter.

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