MARKET UPDATES :
- SINGAPORE shares ended 0.14 per cent lower on Monday with the Straits Times Index slipping 4.79 points to 3,340.53. Some 1.48 billion shares, valued at S$1.07 billion were traded. Gainers numbered 224 while losers numbered 187.
- SINGAPORE share prices opened higher on Monday with the Straits Times Index up 4.61 points to 3,349.93. Volume was 70.6 million shares worth S$78.1 million. Gainers outnumbered losers 92 to 35.
- SINGAPORE’S headline inflation eased more than expected in October, slowing to 0.1 per cent last month from 0.6 per cent in September. This marks a new low since December 2009. The Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) said in joint comments that this was “mainly on account of base effects associated with fluctuations in car Certificate of Entitlement (COE) premiums, as well as sharper declines in the costs of accommodation and oil-related items”.
- SINGAPORE wants to be a smart nation in 10 years, making it one of the world’s leading cities. This means Singapore will be “a nation whose people live meaningful and fulfilled lives, enabled seamlessly by technology, offering opportunities for all”, Prime Minister Lee Hsien Loong said this morning when he launched the Smart Nation Initiative. A Smart Nation Programme Office will be set up in the Prime Minister’s Office to bring Singaporeans, government and business together to realise the vision.
- US stock investors head into the Thanksgiving holiday thankful for the market’s recent strength, which puts major indexes on track for another year of double-digit gains, though the swiftness of the advance has raised eyebrows. The S&P 500 is up 13.3 per cent from an intraday low hit on Oct 15, and the gains since then have been broad. Since that bottom, all but 23 S&P 500 components are higher.
- SINGAPORE wants to be a smart nation in 10 years, making it one of the world’s leading cities. This means Singapore will be “a nation whose people live meaningful and fulfilled lives, enabled seamlessly by technology, offering opportunities for all”, Prime Minister Lee Hsien Loong said this morning when he launched the Smart Nation Initiative. A Smart Nation Programme Office will be set up in the Prime Minister’s Office to bring Singaporeans, government and business together to realise the vision.
- STOCKS to watch on Monday include Technics Oil & Gas, Pacific Andes Resources Development (PARD) and Golden Ocean Group, which both released their latest financial results. nvestors were greeted with positive news from PARD, which posted on Sunday a 27.5 per cent jump in net profit to HK$953 million (S$159.5 million) for the full year ended Sept 28 on the back of expanded Peruvian fishmeal operations at its subsidiary China Fishery.
