Singapore stocks were trading lower at noon, despite a relatively positive GDP figure for the fourth quarter published in the early morning. This was however in line with other Asian markets.
As at 12.02pm, the benchmark Straits Times Index was down 1.41% or 40.55 points to 2,842.18.
In the broader market, 423.4 million shares valued at $329.6 million were traded. Losers beat gainers 187 to 111.
Only three component stocks in the STI were trading in positive territory. SIA Engineering was up 0.27% at $3.71, Keppel Corp was up 0.31% at $6.53 while SATS gained 1.82% to $3.91.
Among the top movers were Noble Group which traded flat at 40 cents with 16.2 million shares exchanging hands. Shares of the commodity trader fell sharply in the last week of the year after its credit rating was downgraded.
KrisEnergy rose 6% to 17.6 cents after updating the market on production levels. The upstream oil and gas company said production of oil and gas stood at 19,935 barrels of oil equivalent per day (boepd) as at Jan 1, 2016 from four fields in the Gulf of Thailand and one onshore gas field in Bangladesh. This is more than double the average rate for full-year 2015 of 9,698 boepd. In 2014, production was 7,612 boepd.
Yoma Strategic rose 2.2% to 47.5 cents. The conglomerate says it has extended until 2048 the lease for its landmark hotel project at the former headquarters of the Myanmar Railway Company.
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As at 12.02pm, the benchmark Straits Times Index was down 1.41% or 40.55 points to 2,842.18.
In the broader market, 423.4 million shares valued at $329.6 million were traded. Losers beat gainers 187 to 111.
Only three component stocks in the STI were trading in positive territory. SIA Engineering was up 0.27% at $3.71, Keppel Corp was up 0.31% at $6.53 while SATS gained 1.82% to $3.91.
Among the top movers were Noble Group which traded flat at 40 cents with 16.2 million shares exchanging hands. Shares of the commodity trader fell sharply in the last week of the year after its credit rating was downgraded.
KrisEnergy rose 6% to 17.6 cents after updating the market on production levels. The upstream oil and gas company said production of oil and gas stood at 19,935 barrels of oil equivalent per day (boepd) as at Jan 1, 2016 from four fields in the Gulf of Thailand and one onshore gas field in Bangladesh. This is more than double the average rate for full-year 2015 of 9,698 boepd. In 2014, production was 7,612 boepd.
Yoma Strategic rose 2.2% to 47.5 cents. The conglomerate says it has extended until 2048 the lease for its landmark hotel project at the former headquarters of the Myanmar Railway Company.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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