Singapore stocks and shares prices rebounded on Tuesday morning as economic and geopolitical woes eased.
The benchmark Straits Times Index rose 0.63 per cent, or 19.87 points, to 3,158.17 at 9.01am.
Some 41.4 million shares worth S$47.6 million changed hands. Gainers beat losers 120 to 23.
Top early gainers included DBS and UOB, while M1 and CDL Hospitality Real Estate Investment Trust were top early losers.
The Financial Times had reported on Monday that US Treasury Secretary Steven Mnuchin said dollar strength is good over long periods of time, contradicting earlier statements from US President Donald Trump that the greenback was too strong. Mr Mnuchin said that Mr Trump's comments were about the short term.
Bloomberg had reported that the US has received encouraging signs that China will act to pressure Kim Jong Un's regime to dismantle its nuclear weapons programme, but the Trump administration is holding on to military action - alone or with allies - as an option.
STOCK INVESTMENT PICKS FOR TODAY
THE following companies made announcements before the start of today's trading which may affect their share prices.
Super Group: The local food and beverage maker, known for its Super and Owl Coffee brands, will be ending its two-decade public listing after an offer from a Dutch company to take it private has met a crucial threshold. With the number of issued shares in public hands now below 10 per cent, trading of the shares will be suspended at the close of the offer on April 25.
Q & M Dental Group: Trading of its shares has been temporarily suspended, pending release of an announcement. No further details were shared in its filing to the Singapore Exchange on Tuesday morning.
Nippecraft Limited: The paper products maker has to make a cash exit offer to its shareholders, and has until May 9 to do so before trading of its shares ceases on the Singapore Exchange's main board.
Valuable Singapore Stocks of the Day:
- Golden Agri-Res
- BlackGoldNatural
- Alliance Mineral
- QT Vascular
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