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Thursday, July 12, 2012


Singapore Shares Open Lower:

S'pore shares opened lower today Morning with the Straits Times Index down 8.83 points to 2,980.48.
Volume was 186.1 million shares worth S$55.1 million.
Gainers outnumbered losers 62 to 56.

SGX Stocks - Factors to watch on July 12:

Following are some company-related and market news which could have an impact on
the local market-
----------------------MARKET SNAPSHOT @ 0000 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1341.45 -0% -0.020
USD/JPY 79.6 -0.15% -0.120
10-YR US TSY YLD 1.5133 -- -0.002
SPOT GOLD 1576.65 0.06% 0.900
US CRUDE 86.01 0.23% 0.200
DOW JONES 12604.53 -0.38% -48.59
ASIA ADRS 116.32 0.48% 0.55
-------------------------------------------------------------
GLOBAL MARKETS-Dow, Nasdaq sag on Fed minutes, but dollar flies SE ASIA STOCKS-Most up; Malaysia at all time high STOCKS TO WATCH

> SINGAPORE EXCHANGE LTD

* The London Stock Exchange has signed an agreement with its Singapore counterpart SGXL.SI to allow the pair's largest stocks to be traded on both bourses, increasing access for investors and boosting liquidity.

> KEPPEL CORP LTD

* Rig builder Keppel Corp Ltd KPLM.SI said its Brazilian unit had won a contract worth about $200 million and the order is expected to be completed by the second quarter of 2014.
* Keppel said it has increased the limit for its multi-currency medium term note programme from $1.2 billion to $3 billion.

> ORCHARD PARADE HOLDINGS LTD

* Orchard Parade said its shareholders have voted in favour of its proposed restructuring by approving the injection of its three hospitality assets into a planned real estate investment trust, Far East Hospitality Trust.

> MIDAS HOLDINGS LTD

* Midas Holdings said it has won new orders worth a total of 139.3 million yuan ($21.9 million) from Chinese and international customers, including its joint venture company Nanjing SR Puzhen Rail Transport Co Ltd.

MARKET NEWS:

> Nikkei flat ahead of BOJ decision!
> Dow, Nasdaq fall after Fed minutes, tech a weak spot!
> Huge demand for 10-year notes at record low yields!
> Dollar up, Fed minutes show bond buys not imminent!
> Gold flat as Fed minutes dent easing hopes!
> Oil up 2 pct, Brent paces on tight North Sea outlook!
> Key political risks to watch in Singapore!

 
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