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Singapore shares open lower on Tuesday; STI down 0.1%

1 Dec 2020 - The Business Times
SINGAPORE shares opened lower on Tuesday after US markets ended in the red overnight. The Straits Times Index (STI) lost 3.51 points or 0.1 per cent to 2,802.44 as at 9.05am. Gainers outnumbered losers 95 to 56, after 125.8 million securities worth S$135.7 million changed hands. Yangzijiang Shipbuilding ...
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MAS orders removal of EH-REIT manager

1 Dec 2020 - Singapore Business Review
The order follows a notice of intention issued on 26 October. The Monetary Authority of Singapore (MAS) has instructed DBS Trustee to remove Eagle Hospitality REIT Management as the manager of Eagle Hospitality Real Estate Investment Trust (EH-REIT), and to name a new manager “as soon as possible.” The ...

STI ends the day down 1.75%, but chalks strongest monthly price gain since 2009

30 Nov 2020 - The Business Times
THE benchmark Straits Times Index (STI) ended Monday down 1.75 per cent or 49.87 to close at 2,805.95. Nonetheless, the STI generated its strongest monthly price gain for November since its 21.3 per cent gain in May 2009, said Singapore Exchange market strategist Geoff Howie. Mapletree Logistics Trust ...
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Broker's take: Look for recovery and resilience plays in S-Reits, says OCBC

30 Nov 2020 - The Business Times
YIELD-HUNGRY investors can look to a "recovery basket" and a "resilient basket" when investing in Singapore-listed real estate investment trusts (S-Reits), OCBC Investment Research said in a note on Monday. This comes as the research team continues to remain "overweight" on S-Reits amid a lower-for-longer ...
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Singapore stocks open higher on Monday; STI up 0.1%

30 Nov 2020 - The Business Times
SINGAPORE shares opened slightly higher at the opening bell on Monday, after US markets closed in positive territory on Friday. The Straits Times Index (STI) gained 2.80 points or 0.1 per cent to 2,858.62 as at 9.05am. Gainers outnumbered losers 99 to 48, after 151.8 million securities worth S$301.1 ...
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Daily Markets Briefing: STI ends trading week in the red

30 Nov 2020 - Singapore Business Review
The Straits Times Index extended its losses for three successive days at the end of last week, finishing Friday's trading 1.66 points, or 0.06%, at 2,855.82. This came amid jitters on the effectiveness of AstraZeneca’s coronavirus vaccine. However, the STI still managed to maintain its winning streak ...
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Singapore stocks end week in the red; STI down 0.1%

27 Nov 2020 - The Business Times
SINGAPORE shares ended the week in negative territory, marking the third consecutive day of declines. The local stock market saw a directionless trading session, as the US market's closure due to Thanksgiving gave investors little in terms of news and updates. The benchmark Straits Times Index fell 0.1 ...
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Singapore stocks slip at Friday's open; STI falls 0.3%

27 Nov 2020 - The Business Times
SINGAPORE shares struggled to advance at Friday's open, with a public holiday in the US overnight meaning no fresh leads for investors to follow. The benchmark Straits Times Index (STI) retreated 7.21 points or 0.3 per cent to 2,850.27 as at 9am. This comes as local stocks took a hit on Thursday, with ...
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STI extends losses, dragged by industrial sector

27 Nov 2020 - Singapore Business Review
The Straits Times Index ended Thursday trade down, losing 12.07 points or 0.42% to the day at 2,857.48. This came on the back of industrial production data, which showed that the sector plunged unexpectedly in October. Production fell by 0.9% year on year, with electronics manufacture particularly affected. ...
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DBS disburses record $9m in SE loans, grants

27 Nov 2020 - Singapore Business Review
It's the bank's largest disbursement of SE loans, grants within a year. DBS Bank has disbursed a record $9m in loans and grants for social enterprises (SEs) in 2020. The bank’s foundation arm DBS Foundation has awarded $1.4m in grant funding to 13 SEs from Singapore, China, Hong Kong, India, Indonesia, ...