Arab Today, arab today singapore stocks end up 017 pct as investors grapple with weak us corporate results
Last Updated : GMT 07:52:16
Arab Today, arab today
Arab Today, arab today

Singapore stocks end up 0.17 pct as investors grapple with weak US corporate results

Arab Today, arab today

Arab Today, arab today Singapore stocks end up 0.17 pct as investors grapple with weak US corporate results

Singapore - XINHUA

Singapore shares closed 0.17 percent higher on Tuesday, amid cautious sentiment as investors were grappling with weak U.S. corporate results and outlook. U.S. stocks fell overnight after heavy-equipment maker Caterpillar Incorporated slashed its 2012 forecast and warned that the global economy was slowing more quickly than it had expected. With the corporate reporting season getting underway in the region, local investors have stayed cautious, especially in the wake of weak U.S. earning reports and outlook. Several central banks will hold policy meeting this week, including the U.S. Federal Reserve, the Bank of Canada and the Reserve Bank of New Zealand, but all of them are expected to keep rates on hold but may offer dovish statements. OCBC Investment Research said \"the market is probably discounting corporate earnings because expectations are not very high,\" adding that \"estimates may be a little bit too optimistic. We are expecting to see downward revisions because we have been seeing some of the numbers are meeting expectations or just slightly below.\" The benchmark Straits Times Index inched up 5.26 points to close at 3,050.93 points. Trading volume was 1.71 billion shares worth 1.01 billion Singapore dollars. Decliners outnumbered advancers 244 to 167, while 552 stocks closed unchanged. Among top actives, Golden Agri-Resources gained 1.6 percent to 64.5 Singapore cents. Malaysia conglomerate Sime Darby said it is expecting a \"pretty hefty rebound\" over the next year. Sime Darby is also the largest plantation owner globally, while Golden Agri is the second largest. Raffles Medical Group ended flat at 2.53 Singapore dollars. It said its net profit in the third quarter rose 7 percent to 12.7 million Singapore dollars from a year ago. CIMB Research raised the target price of Raffles Medical to 3.52 Singapore dollars from 2.96 Singapore dollars and kept its \'outperform\' rating, as the research house expects the healthcare provider to see operating efficiency. CapitaMall Trust rose 0.5 percent to 2.14 Singapore dollars. DMG and Partners Securities Research upgraded the trust to \"buy\" from \"hold\" and raised its target price to 2.36 Singapore dollars from 2.03 Singapore dollars, citing higher contributions from new shopping malls. The research house said \"as the hunt for dividend yield plays continues on the back of high liquidity, prolonged low interest rate environment and a strong Singapore currency, we believe CapitaMall Trust has room for further upside.\" Among the top gainers, Jardine Matheson rose 3.5 percent to 61. 50 U.S. dollars, whereas APB became one of the top losers by falling 0.4 percent to 52.44 Singapore dollars. (1 U.S. dollar equals to 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 up 017 pct as investors grapple with weak us corporate results Arab Today, arab today singapore stocks end up 017 pct as investors grapple with weak us corporate results

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
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 Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
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