Singapore: Singapore Stocks Rally on hesitant Fed talk; Banks, Reits gain

Singapore stocks opened higher on Thursday (Nov 29), with the Straits Times Index progressing 29.32 points, or 0.9 percent to 3,123.8 as at 9am.

Gainers dwarfed failures 110 to 16, after about 51.1 million offers worth $68.8 million changed hands.

The most traded counter was Ezion, which rose 5.1 percent, or 0.3 penny to 6.2 pennies each.

Other stocks included YZJ Shipbuilding which rose 3.2 percent, or four pennies to $1.29; and UOB which was up 1.9 percent, or 48 pennies to $25.30.

SGX Top Gainer Stocks

SGX Top Loser Stocks

Stocks in news: Spackman, Nam Lee, TTJ, Ascendas H-Trust, Boustead, China Everbright Water

Spackman Entertainment Group: Catalist-recorded Spackman’s new film Default has opened at number one in South Korea, earning US$1.7 million in film industry income on the main day of its wide discharge, the gathering declared before the market opened on Thursday. Spackman shares quit for the day penny or 6.9 percent at 3.1 pennies on Wednesday.

Nam Lee Pressed Metal Industries: The created metal maker and provider has posted a 17.4 percent gain in entire year net benefit to $12 million for the year finished Sept 30, as income rose 10.5 percent to $156.8 million, on account of higher commitments from the gathering’s aluminium section. On a for every offer premise, income came in at 4.956 pennies, from 4.240 pennies a year ago. A last money profit of two pennies and an uncommon money profit of 0.5 penny have been proclaimed for the current monetary period.

TTJ Holdings: TTJ Holdings’ backup, TTJ Green fuel went into consent to secure a mechanical property in Singapore and apparatus for $16.18 million.

China Everbright Water: China Everbright Water has won order of around 230 million yuan (S$45.59 million) in China’s Jiangsu area. The water treatment firm said that it will put resources into, develop and work the Jiangyin Binjiang Plant 2 and pipeline venture on an assemble work exchange premise.

Forex Signals: In currency market USD/SGD pair trade in range 1.3713-1.3736.After yesterdays fed Dovish tone Dollar decline against major currencies.

Stocks open higher on Wednesday after Federal Reserve Chairman Jerome Powell said financing costs are near nonpartisan, an adjustment in tone from comments the national bank boss made about two months prior.
The Dow Jones Industrial Average climbed 617.70 focuses, or 2.5 percent, to 25,366.43, posting its greatest one-day gain since March 26.The 30-stock list additionally indented its second-greatest day of the year and is up in excess of 1,000 for the week.

The S&P 500 bounced 2.3 percent to 2,743.82 as brokers interpreted the remarks as meaningless rate climbs were coming in 2019 that could wreck the positively trending business sector. The Nasdaq Composite progressed 2.95 percent to close at 7,291.59 and post its greatest day since Oct. 25. The Dow and S&P are presently positive for November after Wednesday’s rebound.

Gold prices recuperated from 2 weeks lows, gaining as much as 1 percent as the dollar fell after Federal Reserve Chairman Jerome Powell offered little hints on the pace of future rate hike.

Daily Gold trading Range: $1215-$1232

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