Wednesday, November 6, 2013

Singapore stocks end almost flat

Singapore shares closed 0.09 percent higher on Monday, as investors waited anxiously for the U. S. job data later this week.The upbeat U.S. manufacturing data last week stirred speculation that the Federal Reserve might scale back its bond- buying in December, rather than in March as many in the market currently anticipate.No less than four Federal Reserve officials spoke on Monday, starting with Federal Reserve Bank of Dallas President Richard Fisher in Sydney. Federal Reserve Governor Jerome Powell and the heads of the Saint Louis and Boston Federal Reserve Bank all appeared later in the day.There are also laser-cutting machines and scissor lift tools for designing, building and testing prototypes.A bigger event for markets will be Friday's U.S. payrolls report which is expected to show a modest rise of just 125,000 in October, amid some uncertainty about the impact of the government shut down. A soft report, and particularly any rise in the jobless rate, would lean against the Federal Reserve's tapering in December.DBS Group Research said "Straits Times Index remained resisted at 3,250 points in recent weeks. We maintain our 3,The South Bank is not just a choice for the culturally Lamp shade.150 points and 3,250 points range in the near-term as the year-end lull period draws closer."

CIMB Research said "we expect lower prices for the upcoming week. The immediate resistance at 3,235 points should stand for now."The benchmark Straits Times Index inched up 2.74 points to close at 3,203.94 points. Trading volume was 2.34 billion shares worth 740 million Singapore dollars. Decliners outnumbered advancers 241 to 172, while 540 stocks closed unchanged.Kreuz Holdings halted trading on Monday. It reported that the Group's net profit surged 60.3 percent to 16.6 million U.S. dollars for the third quarter, on the back of the 69 percent jumped in revenue to 76.9 million U.S. dollars.China Aviation Oil jumped 7.4 percent to 1.02 Singapore dollars. It is proposing a 1-for-5 bonus issue of new shares. This is to reward and give due recognition to shareholders for their loyalty and continuing support.Dyna-Mac dropped 1.3 percent to 39.5 Singapore cents. It has secured new fabrication orders for a provisional sum of 117 million U.S. dollars from two new customers,The property also has an apartment not permitted in Banner Penzoning and a garage built without a permit. Daewoo Shipbuilding and Marine Engineering and OneSubsea Malaysia Systems.Among the top gainers, Jardine Matheson rose 0.8 percent to 54. 56 U.S. dollars, while First Resources became one of the top losers by falling 4.“It sucks the air in, brings it to room temperature and distributes it throughout the Silicone Wristbands,”“The developer needs additional time to Clawfoot tub accessoriesthe commitments made relating to the project,”8 percent to 2 Singapore dollars. (1 U.S. dollar equals to 1.24 Singapore dollars)

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