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Daily Debrief: What Happened Today
Developers in Singapore sold 1,555 private homes in April 2017, 12.6 per cent lower than the 1,780 private homes sold in March, but it was more than double the 750 units sold in April 2016.
Shares in Noble Group fell 12 per cent in early trade on Monday, extending last week's slide on growing market concern over the outlook for the embattled commodities trader.
A Singapore consortium was on Monday given the master development rights to the Amaravati City Start-up Area in India's southern Andhra Pradesh state.
Sunmoon Food Co has received in-principle approval from the Singapore Exchange (SGX) to list the shares and warrants required for a S$23 million placement to China online shopping group Shanghai Yiguo E-Commerce Co.
The Port of Singapore posted increases in its container throughput and ship-fuel sales for the fourth straight month in April.
Shares of Singapore Post fell 4.3 per cent, or 6 Singapore cents, to S$1.33 on Monday as analysts downgraded the mail carrier following disappointing results and a major impairment.
- Golden Agri-Resources' Q1 profit hit by forex loss
- Sinarmas Land posts 136.6% surge in Q1 profit
- UOB Kay Hian's Q1 profit rises 39.4%
- Olam Q1 profit up 26.5% to S$143.8m
- Spackman posts US$4.8m Q1 profit on revenue from Korean film Master
- CNMC Q1 profit falls 98.8% to US$54.8m on poorer ore grades
The STI Today
Traders have become accustomed to the banks driving the Straits Times Index (STI). So it probably came as a surprise that on Monday, the role of prime index mover was assumed by Genting Singapore, with its S$0.07 or 6.5 per cent jump to S$1.15 on volume of 71.7 million accounting for slightly more than half the STI's gain of 8.92 points at 3,264.21.