- Singapore
shares retreated in early morning trade on the back of
losses on Wall Street and soft US economic data,the Straits
Times Index dipped 0.31 per cent, or 10.64 points, to
3,408.38
- Swiber
Holdings Limited said despite the downturn in the oil and
gas industry, the group clinched a series of contracts
totalling US$405.6 million, bringing its order book to a
record of over US$1.8 billion to-date.
- Keppel Corp has crossed the 90% of
threshold in acceptances required to delist its
real estate subsidiary Keppel Land. It agreed to acquire 90.9 per cent of the total
number of issued Keppel Land shares.
 |
| Singapore Stock Picks |
- The
appeal of shipping company Neptune Orient Lines rose after it agreed to sell
its logistics last month for US$1.2 billion to cut
debt.
- Crude
futures dipped slightly yesterday as ballooning US storage
volumes continued to pressure prices although relatively
healthy demand figures from Europe supported prices. Brent
oil futures were trading at US$55.09 a barrel.
- Gold held near 2-1/2 week highs on Wednesday as upbeat eurozone economic data supported the euro versus the dollar, and as expectations receded that a US interest rate rise is imminent.
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the Stock Signals for SGX say that Singapore shares closed lower on Thursday with the Straits Times Index losing 34.48 points or 1.05 per cent to 3,249.52.
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