Latest Singapore SGX Share Market News

>Singapore Shares open Higher on Monday:-

• Singapore share prices opened higher Today with the benchmark STI at 3,016.37, up 0.63%, or 17.88 points.

• About 169.3 million shares exchanged hands.

• Gainers beat losers 139 to 37.

>OCBC cuts SGX target to S$6.80, keeps hold:-

• OCBC Investment Research lowered its target price on shares of Singapore Exchange Ltd (SGX) to S$6.80 from S$7.00 and maintained its hold rating to take into account a more cautious environment for the bourse operator.

• SGX shares were up 0.3% at S$6.67 and have risen nearly 9% so far this year. Last week, SGX reported a 23% drop in quarterly profit, hurt by a fall in securities income as volumes declined on global economic uncertainties.

>STOCKS TO WATCH:-

~ SINGAPORE EXCHANGE LTD

• Singapore Exchange, Asia's second-biggest listed bourse, reported a 23 percent drop in quarterly profit, hurt by a fall in securities income as volumes declined on global economic uncertainties.

~ CAPITAMALLS ASIA LTD

• Singapore's CapitaMalls Asia said on Sunday it had acquired Olinas Mall in Tokyo for 22.8 billion yen ($290 million) from Tiger Eye Realty Yugen Kaisha, a special purpose vehicle of a real estate investment fund managed by Invesco Global Real Estate Asia Pacific, Inc.

~ NOBLE GROUP LTD

• Singapore-listed commodities firm Noble Group said on Friday it had concluded a $500 million two-year committed revolving letter of credit and guarantee facility. A total of 19 banks committed to participate in the facility.

>MARKET NEWS:-

• Rally drives S&P 500 to highest close since May 3

• U.S. bond yields climb on hopes of more Europe stimulus

• Euro supported, Aussie extends gains on ECB hopes

• Gold holds gains after GDP, posts weekly rise

• Oil up fourth day as stimulus hopes support

• Key political risks to watch in Singapore

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