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Singapore Wrap Thursday
Singapore Post Limited (SingPost) is acquiring a 96.3 per cent stake in leading US end-to-end e-commerce provider TradeGlobal Holdings for US$168.6 million (S$236 million).
After four successive increases in certificates of entitlement (COEs), the quota for the November 2015 to January 2016 period will be 0.9 per cent smaller than the current August-to-October 2015 quarter with 21,653 COEs.
Normanton Park condominium located near Kent Ridge Park will be put up for collective sale next Thursday after more than 80 per cent of the owners agreed to the sale.
Once again, a huge surge in motor vehicle sales pulled up Singapore's retail sales in August. In year-on-year terms, retail sales grew 6.1 per cent, according to data released by the Department of Statistics on Thursday.
Developers sold 341 private homes in September 2015, lower than the 513 units they moved in August this year and 648 units in September 2014.
The STI Today
Blue chips again dominated trading on Thursday during a session in which the Straits Times Index underwent a familiar pattern of tracking movements in Hong Kong, Shanghai and the Dow futures. Gains in all three meant the STI jumped 31.22 points or 1.05 per cent to 3,015.14, pushed higher by the three banks, Singtel and Keppel Corp.