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STI up as US gains inspire regional trading

S'pore trading value crosses S$1b mark; OSIM falls prey to poor results as earnings reporting season goes into full swing

Published Wed, Oct 29, 2014 · 09:50 PM

YuuZoo

AFTER strong earnings buoyed US stocks overnight, Asian indexes rose, including Singapore's benchmark Straits Times Index (STI).

Trading value crossed the billion-dollar mark. There were 265 gainers to 140 losers.

As Singapore's earnings reporting season goes into full swing, market attention was focused on local consumer discretionary play OSIM International. OSIM plunged 14 per cent on a record 30 million shares traded after reporting results that missed expectations.

OSIM's 28 per cent drop in third-quarter net profit to S$16.4 million put paid to a 22-quarter streak…

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