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Singapore Wrap Friday
- Olam's Q1 profit plunges 92.1% to S$31.26m due to loss from bond buyback
- StarHub Q1 profit falls 12.4% due to higher mobile phone subsidies
- United Engineers Q1 profit surges with Mflex back in the black
- International Healthway Q1 profit slips 37%
- Lum Chang Q3 net profit up more than six fold
Developers sold 1,124 private homes excluding executive condominiums (ECs) in April this year, up from 613 units in the previous month and 762 units in the same period last year.
Prime residential prices in Singapore fell the most for the year ended March 31, 2015, among 35 cities tracked by Knight Frank's Global Cities Index for the first quarter of this year.
Singapore retail sales saw a muted increase of 2.1 per cent in March 2015 compared to the same period last year, bringing the total Singapore retail sales value to S$3.4 billion, similar to that in March 2014.
CapitaLand on Friday announced that its proposed issue of S$650 million in principal amount of convertible bonds has been fully placed to institutional and accredited investors.
Five trading days and the Straits Times Index managed an 11-point or 0.3 per cent rise to 3,463.10. Optimists might be thankful for the gain and be grateful that even with liquidity dipping as it has to daily averages below S$1billion, the index held up pretty well. Pessimists on the other hand, would bemoan the loss of volume, volatility and verve over the past fortnight.