Wednesday, December 3, 2014

SGX Stock Recommendations : Epic Research Singapore


MARKET UPDATES :
  • SINGAPORE share prices opened up on Tuesday with the Straits Times Index up 24.47 points to 3,330.11. Volume was 74.2 million shares worth S$87.5 million. Gainers outnumbered losers 101 to 46.
  • SINGAPORE shares ended higher on Tuesday with the Straits Times Index gaining 16.68 points to 3,322.32. Some 1.18 billion shares, valued at S$1.07 billion were traded. Gainers numbered 219 while losers numbered 171.
  • THE oil market is now bracing itself for higher volatility as prices struggle to find a floor in the near term, with warnings of yet further downside. Prices for Brent crude oil continued to slide on Monday, following an already sharp sell-off on Friday, hitting a new four-year low of US$67.53 a barrel before rebounding later in the day.
  • SINGAPORE Exchange (SGX) has hired Trading Screen to create its over-the-counter Asian bond trading platform, Trading Screen announced on Tuesday. In a statement, SGX president Muthukrishnan Ramaswami said: “Continuing with our tradition of innovation, we were keen to invest in technology that would equip the region with a versatile platform addressing the peculiarities of bond trading within the Asian markets.

  • The founders of Alibaba Group Holding Ltd and Tencent Holdings Ltd were among a consortium of investors who purchased stakes in Ping An Insurance Group Co of China Ltd in a HK$36.5 billion (US$4.7 billion) deal on Sunday, in one of the largest Hong Kong share offerings of the year.
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