Monday, June 22, 2015

Singapore market seen to open lower

Singapore stocks are expected to open lower today on worries that Greece is edging towards a default on its sovereign debt.
US stocks declined last Friday, after the Standard & Poor’s 500 Index traded near a record, as energy shares slumped with oil and financial companies fell from a seven-year high.
The S&P 500 Index fell 0.5% to 2,109.99 at the close in New York, after earlier coming within 0.5% of an all-time high. The Dow Jones Industrial Average lost 99.89 points, or 0.6%, to 18,015.95. The Nasdaq Composite Index declined 0.3% from a record.
In Singapore, the Straits Times Index rose 0.02% to 3,300.96 where 1.37 billion shares valued at $1.32 billion changed hands.
Here are some stocks that could move the market this morning:
CVC Capital Partners and Standard Chartered Private Equity, which own a combined 58% stake valued at $212 million in Interplex Holdings, formerly known as Amtek Engineering, is exploring a sale of their stake.
Amtek Engineering closed at 67 cents last Friday.
Q&M Dental Group has agreed to acquire a 60% stake in Penang-based Smilebay Dental Clinics for $4.4 million.
Q&M closed at 72.5 cents.
International Healthway Corporation, the healthcare services and facilities provider, is acquiring the entire issued and paid-up ordinary shares in the capital of Healthway Medical Corporation in an all-shares deal worth $231 million.
HMC and IHC closed at 5.5 cents and 29.5 cents.
Capitaland has agreed to acquire the entire interest in Vivit Minami Funabashi shopping mall in Japan for a total cash consideration of $33.2 million.
Capitaland closed at $3.36.
Serial System’s wholly-owned subsidiary SCE Enterprise (SCE), has acquired a 4.5% stake in satellite communications equipment provider Global Invacom for about $3.5 million.
Global Invacom closed at 31 cents while Serial System closed 0.1 cent at 19.7 cents.
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