Oil and gas, manufacturing stocks notch dramatic rises in Singapore
SPECULATIVE activity continued in the oil and gas exploration and support services space on the Singapore Exchange (SGX) as crude oil prices surged to a more than two-year high.
This is even as the benchmark Straits Times Index (STI) experienced a mostly flattish day, closing almost unchanged at 3,374.08 points, down just 1.89 points or 0.06 per cent. Gainers outnumbered losers 231 to 216.
Brent crude stayed above the US$60 a barrel mark for the second day in a row as officials from oil cartel Organization of the Petroleum Exporting Countries (Opec) and major producer Russia pushed for production cuts to be extended until the end of 2018.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Japan may have spent 5.5 trillion yen on Apr 29 intervention, BOJ data suggests
Singapore stocks rise, tracking regional bourses; STI up 0.3%
Asia: Markets build on Wall Street rally, yen holds bounce
Singapore shares open in the red on Tuesday; STI down 0.3%
Stocks to watch: Wilmar, MLT, FEHT, CDLHT, Starhill Global Reit, IReit Global
Europe: Stocks eke out gains after German inflation data; Deutsche Bank drops