Singapore stocks: STI resumes Wednesday afternoon up 0.7% on day

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Read more at The Business Times.

That said, DBS Group Research analyst Sachin Mittal noted on Wednesday that Singtel shares were trading at a holding company discount of 19 per cent - more than its four-year average of 15 per cent - and with a 5.5 per cent yield.

Financials reversed their losses from Tuesday. DBS shares added S$0.14 or 0.6 per cent to S$25.41, OCBC Bank gained S$0.12 or 1.1 per cent to S$11.09 and United Overseas Bank was trading at S$26.03, up S$0.22 or 0.9 per cent as at 1.04pm on Wednesday. Meanwhile, Great Eastern jumped S$0.37 or 1.7 per cent to S$22.19. On Wednesday before market open, the insurance arm of OCBC Bank posted a fourth-quarter net profit of S$287 million, more than double from a year ago.

In line with broad market gains, local tech manufacturers rebounded after outlook was hit by an Apple earnings downgrade for the January-March quarter. AEM Holdings added S$0.08 or 3.7 per cent to S$2.25 while UMS Holdings was up S$0.02 or 2 per cent to S$1.04. Elsewhere in the Asia-Pacific, benchmarks in Australia, China, Hong Kong, Japan and Taiwan were higher in the afternoon.

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:

 /  🏆 15. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore stocks: STI resumes Tuesday afternoon down 0.6% on daySingapore stocks: STI resumes Tuesday afternoon down 0.6% on day
Source: BusinessTimes - 🏆 15. / 51 Read more »

Singapore stocks: STI resumes Tuesday afternoon down 0.6% on daySingapore stocks: STI resumes Tuesday afternoon down 0.6% on day
Source: BusinessTimes - 🏆 15. / 51 Read more »

Get the Latest Business & Financial News - THE BUSINESS TIMESSingapore Deputy Prime Minister and Finance Minister HengSweeKeat will deliver his SGBudget2020 speech in Parliament at 3pm Singapore time (GMT+8hrs). Follow it all at & we’ll be live-tweeting here too
Source: BusinessTimes - 🏆 15. / 51 Read more »