Singapore stocks rose slightly on Friday morning as the US indicated overnight that tax reforms were gathering pace.
The benchmark Straits Times Index was up by 9.15 points, or 0.29 per cent, to 3,147.03 as at 9.01am.
Some 53.4 million shares worth S$62.6 million changed hands. Gainers beat losers 101 to 32.
US Treasury Secretary Steven Mnuchin said that a tax reform will be ready by year's end, according to wire reports.
THE following companies may affect their share price on Friday:
Ascott Residence Trust: Its distribution per unit (DPU) fell by 0.24 Singapore cents from a year ago to 1.51 cents for the first quarter of financial year 2017, even as gross revenue and revenue per available unit (RevPAU) rose. It said that the 2016 acquisition of the Sheraton Tribeca New York Hotel was the main reason for higher revenue and RevPAU, but lower DPU.
Frasers Commercial Trust: The manager of the trust reported a rise in distribution per unit (DPU) of 0.06 Singapore cents to 2.51 cents for the second quarter of the financial year 2017, when compared to a year ago. No management fees were taken in units for the quarter by the manager, while 40 percent of the management fees for the quarter were taken in units in Q2 FY16.
More Valuable Singapore Stocks of the Day:
- SINGMEDICAL
- MIYOSHI
- BROADWAY
- NOBLE
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