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Singapore stocks inch up after losing steam; STI rises 0.3% at open

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SINGAPORE shares struggled to advance in the first few minutes of trade on Wednesday, after the previous day's losses and with a negative lead from Wall Street limiting gains. Read more at The Business Times.

Other active index stocks include CapitaLand, which lost S$0.02 or 0.7 per cent to S$2.88, and ComfortDelGro, which fell S$0.01 or 0.7 per cent to S$1.47.

By volume, taking the top spot was Tee International, which moved up 0.3 Singapore cent or 10 per cent to 3.3 cents, on 13 million shares traded. The company on Tuesday evening announced that Tramore Global will make a mandatory conditional cash offer at 3.38 Singapore cents for Tee International shares, after the offeror had purchased a 36.8 per cent stake.

CSE Global, also heavily traded, increased by S$0.03 or 6.5 per cent to S$0.49 after 6.1 million shares changed hands. Temasek'sin CSE Global, the technology solutions provider disclosed on Tuesday after trading hours. Accordia Golf Trust edged up 0.5 Singapore cent or 0.7 per cent to 69 cents as at 9.04am on Wednesday. Its trustee-manager had urged AGT unitholdersOver on Wall Street, stocks tumbled at Tuesday's close. All three

 

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Singapore stocks advance at Tuesday's open; STI up 0.5%SINGAPORE shares opened stronger on Tuesday, with the benchmark Straits Times Index gaining 13.52 points or 0.5 per cent to 2,703.13 as at 9.01am. Read more at The Business Times.
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