12:21 PM
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Singapore’s STI is down 0.42 point at 3,289.11, wavering between positive and negative, shrugging off positive US jobs data.
“It’s partly because last week, the overall market was doing quite
well. It’s just taking a breather,” says Jonathan Ng, deputy head of
research at CIMB.
Phillip Securities tips 3,300 as key; “the battle will continue at
the 3,300 level which the STI needs to decisively overcome in order to
surge higher,” it says in a note; it tips 3,250 and 3,200 as near-term
supports.
Volume is 815.6 million shares valued at $313.8 million; in the broader market, gainers top losers 1.4 to one.
SPH (T39.SG) is up 2.9% at $4.29 in strong volume after the
newspaper publisher said it is planning to list its Singapore properties
in a REIT. Ascendas REIT (A17U.SG) is down 3.0% at $2.57 after
raising $406.4 million by selling 160 million new units at $2.54 each to
fund acquisitions.
ThaiBev (Y92.SG) is up 1.6% at $0.62 in high volume accounting
for around 6% of shares traded on the SGX, extending Friday’s 7.0% rise
after news it would be included in the STI from March 18.
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