Daily Debrief: What Happened Today
Stories you might have missed
Prices of completed private apartments, condos fall 0.8% in May
This contrasts with a 0.2 per cent month-on-month (m-o-m) increase in the index in April, based on the revised index value for that month.
Brexit has indirectly benefited Top Glove, says chairman
Malaysia-listed Top Glove, which controls 25 per cent of the global demand for rubber gloves, made its debut on Singapore Exchange (SGX) at S$1.62 per share via a secondary listing.
Hot stock: Noble tumbles as shares trade ex-rights
At 9.30am, Noble was trading at around S$0.162 a share, down S$0.053, or 24.651 per cent. The counter eventually closed at S$0.18 a share, down 16.3 per cent. Some 226.5 million shares changed hands.
GuocoLand places top bid for plum Martin Place private housing site at URA tender
The highest bid, from GuocoLand unit First Bedok Land, was for S$595.1 million or S$1,239 per square foot per plot ratio (psf ppr).
United Global to place 42.8m new shares at S$0.25 each in Singapore IPO
United Global, a Singapore-based lubricant maker, has offered 42.8 million new shares at S$0.25 each for placement in its initial public offering (IPO).
Investors flock to gold miners, Reits, telcos amid Brexit-led volatility
In the aftermath of Brexit that has rattled global markets, investors in the local bourse have flocked to gold mining stocks, telcos and real estate investment trusts (Reits).
The STI Today
Singapore shares close higher as Dow futures rebound 190 points
After dropping 64 points in two days of post-Brexit selling, the Straits Times Index (STI) on Tuesday rebounded 26.68 points to 2,756.53. Short-covering and possible early window-dressing of key blue chips were likely contributors to the upward push, the latter coming two days before the end of the first half.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
G7 pledges swift aid for Ukraine, seeks to calm Middle East
H5N1 strain of bird flu found in milk: WHO
China moves to boost foreign investment in domestic tech companies
Xi orders China’s biggest military reorganisation since 2015
Warner Bros CEO earned US$49.7 million in strike-impacted year
Teheran signals no retaliation against Israel after drones attack Iran