Singapore shares may open higher on Tuesday, as global markets shrugged aside Standard & Poor’s downgrade of nine euro zone countries including France.
The benchmark Straits Times Index fell 1.26% on Monday to 2,756.49 points, says Reuters.
Singapore Exchange, Asia’s third-largest listed bourse, may be in focus after it reported its lowest profit since March 2009, as weakness in global markets hurt its core securities business, and the bourse operator gave a cautious outlook.
Private home sales in Singapore fell 63% in December to 632 units from the previous month, the Urban Redevelopment Authority said, in the wake of government measures to curb rising property prices and as buying activity slowed in the lead up to the festive period.
Singapore Exchange has withdrawn an application to the High Court to force textile maker China Sky Chemical Fibre to appoint a special auditor, SGX and China Sky said late on Monday.
Singapore Airlines filled 68.6% of the space available on its planes for passengers and cargo in December, higher than 67.2% reported in November.
Global Logistic Properties, which owns warehouses in China and Japan, said it has priced $250 million worth of perpetual bonds at 100.5%.
Jet fuel trader China Aviation Oil said on Tuesday it plans to acquire its parent, China National Aviation Fuel Group Corp’s wholly-owned subsidiaries China Aviation Oil (Hong Kong) Co Ltd and North American Fuel Corp for about US$16 million ($20.7 million).
KS Energy said a fire incident had occurred on a rig which it jointly owns with its subsidiary. At the time of announcement, efforts to extinguish the fire were still ongoing.
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