8:17 PM
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Singapore equities opens in neutral mode but closed with gain.
STI opens with gap @ 3062.33 levels and made a day low of 3059.03, after taking support @ this level STI traded upwards and made a day high of 3080.47, finally STI closed @ 3075.92 levels with gain of 13.80 points up by 0.45%.Volume was 2.27 billion shares worth S$1.34 billion. Gainers outnumbered losers 251 to 180.
Singapore Purchasing Managers’ Index (PMI), the November reading indicated that the manufacturing economy contracted for the 5th time after having previously recorded 2 months of continuous expansion. The PMI posted a reading of 48.8, which was a marginal increase of 0.5 point over the previous month. The contraction in the overall PMI was attributed to further decline in new orders, new export orders as well as production output.
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