MARKET UPDATES :
- SINGAPORE shares ended 0.81 per cent lower on Monday with the Straits Times Index slipping 27.00 points to 3,288.67. Some 1.23 billion shares, valued at S$1.03 billion were traded. Gainers numbered 152 while losers numbered 318.
- SINGAPORE share prices opened lower on Monday with the Straits Times Index down 4.82 points to 3,310.85. Volume was 78.3 million shares worth S$83.5 million. Gainers outnumbered losers 72 to 62.
- A landmark trading link that is expected to see billions of dollars in trades between Hong Kong and Shanghai’s stock exchanges officially launched on Monday, but early figures show mainlanders holding back from piling into Hong Kong. At the opening ceremony Charles Li, chief executive of Hong Kong’s stock exchange, declared the tie-up a “historic” moment and hailed a “new era” of trade, while chairman Chow Chung Kong said it was a “breakthrough in the opening up of China’s financial market”.
- BUSINESS leaders in South-east Asia believe that the Asean Economic Community (AEC) presents an opportunity for their business but less than a fifth of them have made plans and changes in anticipation of the common market that is targeted to be realised by the end of next year.
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