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Daily Debrief: What Happened Today
Weakness in listed investments, particularly in China and financial services, dragged Temasek Holdings' net portfolio value lower by 9.02 per cent to S$242 billion in 2016, its first negative return since 2009.
Certificate of Entitlement (COE) premiums softened across the board on Thursday as bookings for new vehicles dried up, according to dealers.
Standard Chartered said on Thursday its Holland Village branch was robbed earlier in the day, and that it has shut the branch for police investigation. No further details were provided.
CapitaLand Mall Asia, CapitaLand's wholly owned shopping mall business, has partnered American Express to launch a multi-mall loyalty card which it said will strengthen its rewards programme and integrate its physical malls with the online world.
CIMB has upgraded Mapletree Commercial Trust (MCT) to an "add" from a "hold", citing the latter's plan to buy Mapletree Business City Phase 1 (MBC Phase 1) will boost its distribution per unit and strategically enhance its portfolio.
Commodity trader Noble Group's nil-paid rights and its shares continued to be in active play on Thursday, with the rights experiencing wild price swings.
Singapore-listed Food Empire has lost to global fast-food chain McDonald's to use "Mc" or "Mac" in trademark names for its foodstuff and beverages in the European Union (EU).
The STI Today
"Other than Noble's rights and shares, the rest of the market is still on holiday," said a dealer, perhaps a slight exaggeration given the spurt of interest in other second liners such as CNMC Goldmine. But that is a fairly accurate description of a Thursday session in which the Straits Times Index drifted to a 2.5-point loss at 2,862.17 in the wake of overnight, "Brexit"-induced selling Europe-wide.