Stocks weaken ahead of key US jobs report
Besides rate-hike concerns and earnings worries, brokers are unable to say what might be influencing sentiment
THE Straits Times Index (STI) on Thursday initially rebounded from three straight days of falls by gaining as much as 12 points, though the thin volume didn't lend much confidence to the bounce's sustainability. As it turned out, even a 50-point rise in the Dow futures was unable to keep the STI's upward momentum going and by 5pm, the index had drifted to a net loss of 4.12 points at 2,816.47 on the day.
Turnover has been below average for several weeks now and remained poor at 987 million units worth S$851.3 million, of which S$582 million or 68 per cent was done in…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Singapore shares open higher on Friday; STI up 0.2%
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Singapore loses ‘world’s best airport’ crown to Qatar
Higher gross rental income, lower expenses boost CICT’s Q1 NPI by 6.3% to S$293.7 million
Stocks to watch: CICT, Seatrium, Keppel DC Reit, UOB