STI stays around 3,300; pennies in action
CIMB Research makes contrarian call on Astra International; mm2 Asia down after Golden Village bid falls through
AS the sun rises on another week of earnings results, Singapore's Straits Times Index (STI) continued swinging around the 3,300-point line, opening below it but ending above it at 3,310.80 points, 0.1 per cent lower from Friday's close. The market was digesting last week's raft of reports and awaiting those ahead.
The blue-chip index was weighed down by a fall in OCBC, DBS, Genting Singapore and CapitaLand, against a rise in UOB, Singtel, Ascendas Reit and CapitaLand Mall Trust.
Penny action stayed strong though traded value was below the S$1-billion mark. About 3.26 billion shares worth S$958 million in total changed hands, which worked out to an average unit price of S$0.29 per share. Losers outnumbered gainers 264 to 185.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results