MARKET UPDATES :
- SINGAPORE share prices opened down on Wednesday with the Straits Times Index down 5.90 points to 3,339.09.Volume was 101.8 million shares worth S$208.0 million. Losers outnumbered gainers 71 to 54.
- SINGAPORE shares ended higher on Wednesday with the Straits Times Index gaining 4.67 points to 3,349.66. Some 1.63 billion shares, valued at S$1.21 billion were traded. Gainers numbered 224 while losers numbered 186.
- A LITANY of external risks could throw the official 2-4 per cent growth forecast for 2015 off-course, even as the government announced better-than-expected Q3 GDP numbers and projected economic growth of “around 3 per cent” for 2014.
- SINGAPORE’S manufacturing sector expanded – albeit barely – in October, with industrial output rising just 0.2 per cent on a year-on-year basis. It was pulled up by a double-digit increase in pharmaceuticals production, which offset contractions in the electronics and transport engineering clusters. Excluding biomedical output – which grew 22.5 per cent in October – industrial production would have declined 4.3 per cent.
- FAMILY offices in Asia-Pacific did poorer than their European and North American counterparts over the last 12 months, a study by UBS and Campden Research showed on Wednesday. Family offices are wealth management advisory set-ups that serve the financial and investment needs of affluent families.
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