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Daily Debrief: What Happened Today

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Wednesday, May 17, 2017 - 18:30

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After five consecutive months of growth, Singapore's non-oil domestic exports (NODX) saw a slight pullback of 0.7 per cent in April 2017.

Singapore's non-oil domestic exports dip 0.7% in April

After five consecutive months of growth, Singapore's non-oil domestic exports (NODX) saw a slight pullback of 0.7 per cent in April 2017.


Injunction against Rickmers' proposed fleet sale withdrawn

The trustee-manager of Rickmers Maritime said on Wednesday an application for injunction filed against its US$113 million proposed fleet sale has been withdrawn.

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Market voices on:


Aspial to spin off property arm in Catalist listing

Aspial Corp is spinning off its property development arm in a listing on the Singapore Exchange's Catalist board to raise funds for property acquisition and construction, and for working capital.


Hot stock: Noble up for second day running

Beleaguered commodities trader Noble Group has rebounded for the second day running. This was after a savage selloff that saw its value more than halve in a week.


GIC sells entire 3.4% stake in dental equipment maker Straumann

Singapore sovereign wealth fund GIC has fully divested its 3.4 per cent stake in dental equipment maker Straumann Holding for about 292 million Swiss francs, or 541 Swiss francs per share, through an accelerated bookbuilding offering.


Court tussle in Singapore sees regulator appeal trading penalty

The Monetary Authority of Singapore is going to court to seek an increase in penalties handed down to a divorced couple for unauthorised stock trading.


The STI Today

Singapore stocks finish only slightly weaker despite plunge in Dow futures

 

The local stock market on Wednesday shrugged off political worries surrounding the Trump administration that drove the Dow futures down by more than 100 points in the afternoon. After dropping to an intraday low of 3,207, the Straits Times Index rebounded in the late afternoon to finish at 3,224.10, a loss of just 3.61 points.

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