Singapore market cap ekes out gains after choppy Q3
Total value of shares up 8.2% to $917.2b; five more firms join billion-dollar club
THE value of the Singapore stock market just made it back into positive territory after a see-sawing Q3, and analysts expect continued volatility to place a premium on careful stock picking.
The total value of all the shares on Singapore Exchange rose 8.2 per cent year on year to $917.2 billion as at end-September, according to preliminary data compiled by The Business Times.
Aggregate market capitalisation is up 0.8 per cent versus the end of the first half, and up 3.4 per cent against end-2012.
But the end-of-quarter numbers hide the volatility during the past three months, when market cap actually fell year-to-date in August amid concerns about the tapering of US quantitative easing and about tension in Syria…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Brokerage Haitong removes long-term Hong Kong unit chief Lin, appoints new head
London stocks hit new record at open
Heineken sells more beer in Q1, sticks to outlook
US seeks 36 months’ jail for Binance founder Zhao
China’s Huawei launches new software brand for intelligent driving
Capital A chief Fernandes defers retirement, renews contract for five years