MLT on Wednesday morning requested to lift the trading halt it called on Tuesday. Its private placement was about 5.5 times covered including the upsize option, while the issue price for its preferential offering was set at S$1.99 per new unit. MLT is looking to partially fund its proposed Asia acquisitions with the equity fundraising.
Banking stocks rose in early trade. DBS gained 0.5 per cent or S$0.10 to S$21.40, UOB advanced 0.8 per cent or S$0.16 to S$19.79, while OCBC rose 0.3 per cent or S$0.03 to S$8.74. Other active index counters include Frasers Centrepoint Trust, which added 0.4 per cent or S$0.01 to S$2.36, and SATS, which put on 1.9 per cent or S$0.06 to S$3.18., closing higher amid renewed signs policymakers in Washington can finally agree on a spending package to boost the US economy.
The benchmark Dow Jones Industrial Average gained 0.4 per cent to end at 28,308.79, the broad-based S&P 500 added 0.5 per cent to 3,443.12, while the tech-rich Nasdaq rose 0.3 per cent to 11,516.49.. The benchmark Nikkei 225 index gained 0.3 per cent or 63.84 points in early trade to 23,630.88, while the broader Topix index advanced 0.5 per cent or 8.68 points to 1,634.42.For daily updates on weekdays and specially selected content for the weekend.