Tuesday , June 6 2023

STI distributes most of the previous earnings, the latest business news


Singapore's shares rose slightly yesterday, after lifting most of its profits from the earlier day, as United States mid-term elections increased their focus.

"As is generally expected, until the mid-2018 elections, the Republican Party retains a small majority of the Senate, and the Democrats, after eight years, regained control of Parliament.

"This result is considered neutral with regard to US equity, but the recent increase in US Treasury yield and stability in the US dollar is expected to moderate," United Overseas Bank analysts said in a study note.

OCBC Bank Economist Alan Lau noted that US President Donald Trump's trade policy towards China could remain unchanged.

Mr Lau added: "In general, as a result of the midterm elections, we do not expect major changes in the markets."

Separately, one trader noticed that now investors are now facing bankruptcy in the United States.

Closer at home, the comparative Straits Times Index (STI) increased by more than 32 points, reaching an average daily increase of 3,092.95 at 9.27, before the end of the session was 3,065.36, reaching 0.2 percent or 4.74 points.

The value of about 1.57 billion shares worth $ 1.17 billion has changed with an increase of 234 meters and 173 digits.

Among the most traded meters were AEM Holdings, which increased by 11.8 percent to 94.5 cents, with 37.9 million shares traded. It comes after CGS-CIMB raised its rating in the meter from "cut" to "hold" last week, with a target price of 75 cents.

Mediation management believes AEM Holdings is on the right track to meet the 2018 fiscal guidelines and has a long-term positive outlook.

ComfortDelGro has increased by 2.6 percent (to $ 2.36 at the back of the news) that Buslink, one of Australia's largest private bus companies, buys $ 190.9 million ($ 190.6 million), which will become the country's largest acquisition date in the country.

The index was also strengthened by Yangzijiang Shipbuilding, which rose by 4.9 percent to $ 1.29, and Real Estate City Development (CDL), which increased by 2.5 percent, while CapitaLand increased by 1.3 percent.

The financial data was, however, closed with DBS Bank, which immersed 1 percent to $ 23.77 and UOB $ 0.4 percent to $ 24.55. The OCBC reduced its trend by 0.2% to $ 11.34.

Genting Singapore, which fell 1.6 percent to 91.5 cents, was the largest increase in BSE. The meter is estimated to announce today its results with other industry heavyweights, including CDL, Singtel, SIA Engineering and Sats.

BreadTalk lost 1.6 percent to 91 cents after posting its results on Monday.

The RHB has maintained a "sell" rating counter with a target price of 75 cents, while DBS has a "hold" recommendation with a target price of 98 cents.

During the Forex Foreground, observers agreed that the month after the aggressive sale last month was the risk of recovery.

Mark Duff rates strategist Eugene Leow and FX strategist Philip Wee: "Overall, it's too early to believe that the US dollar has changed its upturn. The Fed may reassure last Friday's work that US wage growth has ultimately increased with a limited labor market. possibly at its meeting of 8 November, will reaffirm its intention to eliminate the rate above 3 percent over the following year. "

Analysts said that the impact on the gas markets from the US elections was "unclear" and it would probably be better to "focus on domestic fundamentals, valuations and guidance from the US dollar to measure flows."

For a complete list of SGX prices, visit http://btd.sg/BTmkts

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