9:03 PM
Admin
Weekly wrap of STI:
After 3 week of winning strike Singapore stock markets sheds this week and closed lower, but maintain itself above 3200 mark.
STI opens with good gap @3240.52 then it made weekly high @3255.72 and then it traded lower side and made weekly low @3205.57, finally closed @ 3213.26 with loss of 22.8 points down by 0.70% wow basis.
Micro Economic Factors:
Singapore retail sales rose 3.2 % from a year ago in May 2013, according to data released by Singapore Department of Statistics on today, excluding motor vehicles, retail sales went up 3.1% from a year ago. Retailers of telecommunications apparatus & computers, watches & jewellery, supermarkets, food & beverages and department stores recorded the highest increases in sales of between 5.3% and 8.1% from a year ago. Sales of optical goods & books, motor vehicles, provision & sundry shops, medical goods & toiletries and wearing apparel & footwear also climbed between 1.1% and 3.6% from year-ago
SINGAPORE'S non-oil domestic exports (NODX) last month fell 8.8 % from a year ago, extending the 4.6 % drop in May. Month-on-month; the NODX rose a seasonally-adjusted 3.2 % in June to reverse the previous month's 1.1 % dip, according to Singapore's trade promotion agency International Enterprise Singapore on Wednesday.
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