MOST markets in Asia breathed a sigh of relief on Tuesday, recovering from the previous day's sharp decline as concerns eased over the state of the global economy and a possible US recession. Investors also took to hunting for bargains.
While Tuesday's recovery suggests that markets could have overreacted, investors should not be distracted from the fact that the global economy has been slowing and geopolitical risks are still present.Trading clocked in at 1.05 billion securities, about 76 per cent of the daily average over the first two months of 2019. Total turnover came to S$1 billion, just under the January-to-February daily average. Advancers outnumbered decliners 242 to 165.
Going by value of trades done, DBS Group Holdings saw S$77.05 million traded - 7.7 per cent of the bourse's value of securities traded - across 3.06 million shares. The bank's shares fell two Singapore cents or 0.1 per cent to S$25.10. The other local banks ended the day in positive territory. OCBC Bank closed four Singapore cents or 0.4 per cent higher at S$11.03 and United Overseas Bank added six Singapore cents or 0.2 per cent to close at S$25.01.
Real estate investment trusts saw much activity on the day. Among them, CapitaLand Commercial Trust was the most active, gaining five Singapore cents or 2.6 per cent to end at S$1.97 with 22.7 million shares traded.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore shares rise at Tuesday's open; STI up 0.65% to 3,203.62SINGAPORE stocks opened higher on Tuesday, with the Straits Times Index rising 0.65 per cent or 20.7 points to 3,203.62 as at 9.03am. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Tokyo: Stocks open higher on bargain-hunting[TOKYO] Tokyo stocks opened higher on Tuesday on bargain-hunting following a three-percent plunge the previous day, but investors remained cautious on signs of a possible global economic slowdown. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore stocks: STI resumes Tuesday afternoon at 3,208.37, up 0.8% on daySINGAPORE stocks resumed afternoon trading in positive territory on Tuesday, with the Straits Times Index gaining 25.45 points, or 0.8 per cent to 3,208.37 as at 1.02pm. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Malaysia: Shares open lower on TuesdayMALAYSIA share prices opened lower on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 1.33 points to 1,647.82 at 9am. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore shares rise at Friday's open; STI up 0.19% to 3,219.77SINGAPORE stocks opened stronger on Friday, with the Straits Times Index advancing 0.19 per cent or 6.12 points to 3,219.77 as at 9.05am. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore shares end flat on Friday, but up 0.3% on the weekMOST markets in Asia barely moved on Friday though they took early leads from a Wall Street rally that boosted investor confidence as attention slowly moved on to next week's round of US-China trade talks. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore shares rise at Thursday's open; STI up 0.24% to 3,215.29SINGAPORE stocks opened stronger on Thursday, with the Straits Times Index rising 0.24 per cent or 7.63 points to 3,212.29 as at 9.04am. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore shares end 0.2% higher on ThursdayMOST markets in Asia rose on Thursday after a dovish Federal Reserve indicated that there would be no more rate hikes this year. The Fed also lowered its outlook on US economic growth and concerns over US-China trade talks and slowing global growth. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore shares slide 0.9% as global growth concerns mountIT was a sea of red in Asia on Monday as markets faced a broad sell-off fuelled by worrying concerns about the global economic slowdown. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore shares decline at Monday's open; STI down 1.5% to 3,163.80SINGAPORE stocks opened weaker on Monday, with the Straits Times Index retreating 1.50 per cent or 48.3 points to 3,163.80 as at 9.02am after a weak opening. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »