Singapore shares advanced yesterday in a bargain-hunting session as investors dismissed rising infections in the region and a retreat on Wall Street. The Singapore Straits Times Index rose 2.04 per cent to 3,142.63. Across the broader market, gainers outnumbered losers 384 to 120 as 2.21 billion securities worth $1.63 billion changed hands. Singapore s latest social restrictions to battle a new wave of Covid-19 infections is unlikely to derail growth, in our view. The gross domestic product contribution of the most affected domestic sectors is limited and these are better prepared to respond to lockdowns than a year ago, Maybank Kim Eng analysts noted in a report.
Global recovery to boost profit of securities firms
published : 17 May 2021 at 04:30
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The performance of securities firms this year will improve significantly because the daily trading value on the Stock Exchange of Thailand (SET) has increased to nearly 100 billion baht per day, says SCB Securities (SCBS).
The SET reported the average trading value on the SET and Market for Alternative Investment (MAI) for the first four months this year was 96.1 billion baht.
The SET stated individual investors are eagerly seeking high-yield returns from the capital market.
Moreover, the number of new investors has increased by roughly 700,000 trading accounts in the first four months, totalling over 4 million accounts at present.
SINGAPORE (THE BUSINESS TIMES) - Singapore shares started the week in positive territory, despite the city-state going into heightened alert amid a fresh wave of infections.
Among tightened restrictions are a ban on dining-in and reduced capacity limits for events, attractions, shopping malls and libraries. Schools will also shift to full home-based learning mode from Wednesday.
The benchmark Straits Times Index (STI) rose 0.81 per cent to close at 3,079.69 points on Monday.
Across the broader market, gainers outnumbered losers 331 to 144, with 1.79 billion securities worth S$1.59 billion having changed hands.
Key regional markets were a mixed bag. Hong Kong s Hang Seng Index rose 0.59 per cent and the Kuala Lumpur Composite Index gained 0.06 per cent.
Stock markets plunged in Thailand and around the globe on Thursday as investors panicked over the possibility of interest rates rising after US inflation surged 4% in April, exceeding targets.
Strong economic indicators cheer global investors
published : 8 May 2021 at 04:00
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Recap: Global shares headed higher on Friday as US futures and commodity prices advanced ahead of jobs data that was expected to cap a series of strong economic reports. Forecast-beating Chinese trade figures also lifted sentiment.
The SET index moved in a range of 1,551.42 and 1,589.21 points this week before closing yesterday at 1,585.03, up 0.12% on the week, in daily turnover averaging 104.1 billion baht.
Retail investors were net buyers of 9.41 billion baht. Foreign investors was net sellers 6.02 billion baht, brokers sold 2.4 billion and institutional investors offloaded 997.75 million baht worth of shares.
Newsmakers: Pharmaceutical firms have attacked a US-backed proposal to temporarily waive patent protection for Covid vaccines, saying it could threaten future innovations and would not speed up production as Washington claims. Germany also opposes the idea.