Stocks to watch: SGX, Wing Tai, CSE Global

THE following companies saw new developments that may affect trading of their securities on Tuesday (Dec 12):

Singapore Exchange (SGX): The bourse’s total securities market turnover in November rose 1 per cent month on month, while securities daily average value climbed 6 per cent. This comes as real estate investment trusts (Reits) reported the most active daily turnover since March 2023, with all Singapore Reits and property trusts that traded in November ending the month in positive territory. Shares of SGX closed 0.7 per cent or S$0.07 lower at S$9.53 on Monday, before the report was released.

Wing Tai : Its wholly owned subsidiary Wincrown has acquired a property in Melbourne, Australia, for AS$28 million (S$24.7 million) from Australian energy supplier CitiPower. On Monday, the property group said the acquisition was carried out in the ordinary course of business, and is not expected to have a material impact on its net asset value per share. The counter closed 0.8 per cent or S$0.01 higher at S$1.32, before the announcement.