Daily Debrief: What Happened Today
Stories you might have missed
New private home sales in Singapore down 12.6% in April: URA
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.
Hot stock: Noble shares drop 12%, extending last week's fall
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.
S'pore consortium given masterbuilder rights to India's Amaravati City start-up area
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 receives in-principle nod to list placement shares, warrants
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.
Box trade, bunker sales on a roll at the Singapore port
The Port of Singapore posted increases in its container throughput and ship-fuel sales for the fourth straight month in April.
Hot stock: SingPost slides 4.3% after TradeGlobal writedown
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.
Corporate Earnings
The STI Today
Singapore stocks finish mixed; STI gains but broad market weakens
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.
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International
Fed survey cites inflation, US election as key financial stability risks
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G7 pledges swift aid for Ukraine, seeks to calm Middle East
H5N1 strain of bird flu found in milk: WHO
China moves to boost foreign investment in domestic tech companies
Xi orders China’s biggest military reorganisation since 2015