Arab Today, arab today singapore stocks end flat as concerns over spain subside
Last Updated : GMT 21:36:03
Arab Today, arab today
Arab Today, arab today

Singapore stocks end flat as concerns over Spain subside

Arab Today, arab today

Arab Today, arab today Singapore stocks end flat as concerns over Spain subside

Singapore - XINHUA

Singapore shares closed 0.03 percent higher on Friday on hopes that the economic reform and budget plans unveiled by Spain will help the debt-saddled nation manage its debt imbalances. Spain announced a detailed timetable for economic reform and a budget based mostly on sharp spending cuts rather than tax hikes. Madrid is talking to European Union authorities on the terms of a possible aid package, which would pave the way for initiating the European Central Bank\'s bond-buying program aimed at easing the country\'s borrowing strains. Spain also faces a Moody\'s credit rating review this week and the release of a stress test of its banking sector on Friday which will reveal how much more money is needed to recapitalize its banks. OCBC Bank said it \"expects risk appetite levels to remain somewhat supported today although the fragility of this environment remains apparent.\" \"We remain wary of complacency given that Euro-zone conditions remain on thin ice,\" the bank said. Singapore\'s benchmark Straits Times Index rose 0.91 point, or 0. 03 percent, to close at 3,060.34. Trading volume was 1.57 billion shares worth 1.51 billion Singapore dollars (1.23 billion U.S. dollars). Advancers outnumbered decliners 230 to 209, while 519 stocks did not move. Ascendas India Trust sank 6.7 percent to 76.5 Singapore cents. It said it is planning a private placement at 72 Singapore cents per new unit to raise gross proceeds of up to 100 million Singapore dollars. Ascott Residence Trust ended flat at 1.255 Singapore dollars. It said it had agreed to buy the 166-unit Madison Hamburg in Germany for 37.5 million euros. Ezra shed 0.8 percent to 1.22 Singapore dollars. The Singapore offshore services firm said it had received strong support from its shareholders for the proposed distribution of Triyards Holdings shares. Shareholders will receive one Triyards share for every 10 Ezra shares. Ezra plans to list Triyards, its engineering and fabrication unit, on the Singapore Exchange in October. Fraser and Neave dipped 0.1 percent to close at 8.88 Singapore dollars. According to a report by the Nikkei business daily, Kirin Holdings is expected to sell its 15 percent stake in Singapore\'s Fraser and Neave for 1.54 billion U.S. dollars. Thai Beverage and TCC Assets Limited, which together have 30.7 percent of Fraser and Neave, have made a 7.2 billion U.S. dollars offer to buy out the remaining stake held by other shareholders. Among top gainers, City Development rose 1.2 percent to 11.74 Singapore dollars, while Jardine Cycle and Carriage became one of the top losers by dropping 0.3 percent to 48.10 Singapore dollars. (1 U.S. dollar = 0.772 euro, 1 U.S. dollar = 1.22 Singapore dollars)  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today singapore stocks end flat as concerns over spain subside Arab Today, arab today singapore stocks end flat as concerns over spain subside

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:01 2017 Sunday ,26 February

BRIC funds see inflows amid emerging equity boom

GMT 05:43 2017 Sunday ,26 February

Al-Gergawi quits Dubai Holding to focus on govt role

GMT 05:14 2017 Sunday ,26 February

Oil prices to average $50-$70 through 2022

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday