SGX Singapore Closing Market Update

SINGAPORE shares ended 0.57 per cent lower on Wednesday with the Straits Times Index slipping 18.93 points to 3,303.39.

Some 1.19 billion shares, valued at S$875.4 million were traded.

Gainers numbered 139 while losers numbered 268.

SGX Singapore Opening Market Update

SINGAPORE shares opened higher on Wednesday with the Straits Times Index gaining 10.07 points to 3,332.39.

Volume was 68.6 million shares worth S$116 million.

Gainers numbered 72 while losers numbered 59.

SGX Comex Recommendations

INTERNATIONAL COMMODITY NEWS :

Gold prices dipped in Asia on Wednesday as investors awaited fresh cues on the dollar and holiday demand. On the Comex division of the New York Mercantile Exchange , Gold future for February delivery traded at $1,196.80 a troy ounce, down 0.13%, after hitting an overnight session low of $1,191.80 and off a high of $1,212.50. Overnight, gold futures dropped on Tuesday after the dollar firmed on news that U.S. construction activity saw an uptick in November, which boosted demand for the dollar. Gold prices tumbled sharply on Tuesday, as a broadly stronger U.S. dollar dampened the appeal of the precious metal.


TRADING STRATEGY :
BUY GOLD ABOVE 1203.5 TARGET 1208.5 1214.5 SL 1197.5
SELL GOLD BELOW 1191.5 TARGET 1186.5 1180.5 SL 1197.5