Evening Updates Of Singapore Stock Market

Shares up at midday:-

Singapore shares rose 2.96 points in morning trade with the Straits Times Index at 2,967.17, extending its gains for two straight sessions. The MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent.

ComfortDelGro leads:-

ComfortDelGro shares were the largest gainer on the STI, rising 3.1 percent to S$1.645 with over 7.2 million shares traded, 2.3 times its average daily volume over the last five sessions.

Companies must maintain Singapore's reputation in China: PM:-

SINGAPORE companies looking to do business in China can take advantage of its twin trends of urbanisation and a rising middle class, said Prime Minister Lee Hsien Loong.
But they must also deliver and maintain the good reputation of Singapore there, he said.

Maybank downgrades StarHub to sell:-

By 0600 GMT, StarHub shares were 0.6 percent lower at S$3.57, and have risen 23 percent this year, compared to the Straits Times Index's 12.4 percent rise.

Asia Oil Swaps-Gasoil spreads surge to 6-mth high on tight supply:-

SINGAPORE, July 11- Asia gasoil spreads and cracks were at a six- and five-month high respectively on Wednesday because of strong demand and tight regional supply in the physical markets.
Naphtha spreads and cracks were also firmer than Tuesday's values on the back of strong demand from petrochemical makers and lower Indian export volumes.


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