Tuesday, 18 July 2017

Daily Markets Briefing: Stock Updates

 Stock Signals

Daily Markets Briefing: STI up 0.33%

Try not to expect any lift from Wall Street today. 

The Straits Times Index (STI) finished 10.81 focuses or 0.33% higher to 3298.24 on Monday, taking the year-to-date execution to +14.49%. 

The best dynamic stocks yesterday were Global Logistic, which increased 0.61%, DBS, which increased 1.61%, Singtel, which increased shut unaltered, OCBC Bank, which increased 0.36% and UOB, with a 0.63% progress. 

OCBC Investment Research said the US securities exchange shut with little change while speculators anticipate key quarterly outcomes that would be discharged for the current week. 

Then, seven out of 11 S&P 500 businesses finished higher, with Utilities (0.39%) driving the increases, while Health Care (- 0.3%) drove the decreases. 

"The quieted appearing on Wall Street overnight is probably not going to give a lot of a lift to the nearby bourse toward the beginning of today," OCBC Investment Research said.

Singapore shares open 0.1 per cent down on Tuesday

SINGAPORE stocks opened 0.1 for each penny bring down on Tuesday, with the Straits Times Index dropping 2.14 focuses to 3,296.1 as at 9.14 am. 

Around 116.2 million offers worth S$113.4 million altogether changed hands, which worked out to a normal unit cost of S$0.98 per share. 

The most effectively exchanged counter was Sincap, which rose S$0.001 to S$0.031 with 8.1 million offers evolving hands. Different actives included AA and Global Logistic.  Gainers dwarfed failures 90 to 77, or around seven up for each six down.

Stocks to watch: Global Logistic Properties, Keppel Infrastructure Trust

Worldwide Logistic Properties (GLP) said on Tuesday that it has consented to an arrangement with Adidas to build up its biggest appropriation focus in Asia. 

This comes soon after it reported last Friday that it has acknowledged a Chinese consortium's offer of S$3.38 per share in real money, esteeming the organization at about S$16 billion. 

In a Singapore Exchange documenting on Tuesday, GLP said that Adidas is multiplying its space at a similar stop in Suzhou, Eastern China to take care of solid demand from developing household utilization. 

GLP keep going exchanged at S$3.31 on Monday, up two Singapore pennies, or 0.61 for every penny.

KEPPEL Infrastructure Trust (KIT) on Monday reported a distribution per unit of 0.93 Singapore cent for Q2, unchanged from a year ago.

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