Wednesday, 26 April 2017

SGX MARKET ANALYSIS OF THE DAY


Singapore stocks and shares opened higher on Wednesday, with the benchmark Straits Times Index up 19.9 points, or 0.63 percent, to 3,163.93 at 9.03 am.

Some 137.7 million shares worth S$82.1 million changed hands with gainers outnumbering losers 112 to 31.

Among the top gainers were AEM, City Developments and DBS, while top losers were UOB Bank, Keppel Corp and SGX.

Asian markets also opened higher on Wednesday, following indices in the United States which were buoyed by an earnings-fuelled rally.

The Nasdaq Composite Index topped 6,000 for the first time on record while the Dow Jones Industrial Average rose more than 200 points amid strong quarterly results from blue-chip firms Caterpillar Inc and McDonald's Corp, said Bloomberg.

These SGX stocks could influence trading today:
CapitaLand Limited: Improved operating performance, including the sale of 45 units of The Nassim, and higher portfolio gains gave a lift to CapitaLand Limited's results in its first quarter.
Net profit rocketed 77.2 percent to S$386.8 million from the preceding year, the group said in a Singapore Exchange filing on Wednesday morning.



For the three months ended March 31, revenue edged up 0.4 percent to S$897.5 million from the preceding year.

Suntec Real Estate Investment Trust: The Reit recorded a distribution per unit (DPU) of 2.425 Singapore cents in its first quarter, up 2.3 percent from a year ago, it said in a Singapore Exchange filing on Wednesday morning.

For the three months ended March 31, its gross revenue climbed 12.9 per cent to S$88.4 million from the preceding year, mainly due to the rental contribution of its Sydney asset, 177 Pacific Highway.

CDL Hospitality Trusts: It reported on Wednesday that its distribution per stapled security for the first quarter of 2017 was 2.42 Singapore cents, up 9 percent from a year ago.

Total distribution to stapled security holders after retention for working capital rose 10 per cent year-on-year to S$24.1 million.




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