Posts by Mark Darwin
Singapore stocks fall in tandem with regional indices; STI down 0.9%
Across broader market, losers outnumber gainers 296 to 257, as 1.1 billion securities worth S$812.3 million change hands SINGAPORE shares fell on Friday (Jul 5), tracking declines by regional indices. The benchmark Straits Times Index (STI) fell 0.9 per cent or 29.07 points to 3,410.81. Across the broader market, losers outnumbered gainers 296 to 257,…
Read MoreUK housebuilding stocks lifted by Labour win
British housebuilding companies were the top gainers on the FTSE 100 on Friday (Jul 5) as investors welcomed the election victory by the Labour Party, which said it wanted 1.5 million new homes to be built over the next five years. Housing was a key part of the Labour Party’s election manifesto, in which it…
Read MoreSGX securities turnover value falls in June as volumes dip 19%
THE turnover value of the securities market on the Singapore Exchange (SGX) shed 11 per cent to S$21.1 billion in June, from June 2023. This came as volumes fell 19 per cent on year to 23.6 million shares traded, based on market statistics posted by SGX on Friday (Jul 5). The bourse operator observed…
Read MoreChina unveils next steps in EU brandy probe as EV tariffs take effect
CHINA announced the next step in its anti-dumping investigation into European brandy imports on Friday (Jul 5), ramping up tensions on the same day the European Commission’s provisional tariffs on Chinese-made electric vehicles (EVs) take effect. While a Commerce Ministry spokesperson stressed at a news conference on Thursday that Brussels and Beijing should stay at…
Read MoreCanada approves Glencore takeover of Teck coal unit, with conditions
THE Canadian government has approved Glencore’s US$6.93 billion acquisition of miner Teck Resources’ steelmaking coal unit with strict conditions to preserve jobs, the country’s industry minister said on Thursday (Jul 4). To secure the approval, Glencore has agreed to maintain the Canadian headquarters for Elk Valley Resources (EVR) for at least 10 years, ensure a…
Read MoreHunt for Trump-win trades ushers investors back to Japan stocks
DONALD Trump’s growing lead in the US presidential race has sparked a rush to identify the key winning trades in global markets. History suggests that Japanese stocks are a good bet. Japan’s Topix Index gained almost 30 per cent in US dollar terms in the one-year period after the 2016 US presidential election which Trump…
Read MoreSingapore shares open lower on Friday; STI down 0.2%
SINGAPORE shares started trading in the negative territory on Friday (Jul 5) despite gains in the European market overnight. As at 9.01 am, the Straits Times Index (STI) opened 0.2 per cent or 6.74 points lower at 3,433.14. Across the broader market, losers outnumbered gainers 52 to 48 after 51.6 million securities worth S$54.1 million…
Read MoreStocks to watch: Ho Bee Land, IReit Global, Centurion, Isetan, Dasin Retail Trust
THE following companies saw new developments that may affect trading of their securities on Friday (Jul 5): Ho Bee Land: The real estate group has priced S$160 million in fixed rate green notes due 2029 at 4.35 per cent. Net proceeds from the issuance will be used to fund or refinance eligible green projects. Shares…
Read MorePound firm as investors embrace ‘boring is good’ with Labour win
THE pound held firm on Thursday after exit polls suggested Keir Starmer’s Labour party was set to win a massive majority in the UK general election, affording investors some much-needed certainty after years of market volatility under the Conservatives. Centre-left Labour was on course to capture 410 of the 650 seats in parliament, giving the…
Read MoreNetflix, Paramount ask Canada court to quash new Trudeau tax
US STREAMING service giants are asking a Canadian court to block Prime Minister Justin Trudeau’s new 5 per cent tax on their revenues in the country, which is supposed to help fund local news. The Motion Picture Association-Canada – which represents studios including Netflix, Paramount Global and Walt Disney – want the Federal Court of…
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