Singapore shares may open lower on Monday following losses on Wall Street, dragged by renewed concerns over Europe’s debt woes after rising bond yields in Spain spooked investors.
The benchmark Straits Times Index rose 0.33% on Friday to 2,987.82 points. Here are some stocks and factors to watch:
Publishing and property firm Singapore Press Holdings posted on Friday an 11.6% rise in second-quarter net profit to $84.1 million, helped by higher rental income.
Southeast Asia’s largest property firm CapitaLand said it has sold 125 out of 180 units of its new residential development in Singapore, Sky Habitat, as of Sunday evening. The average price of units sold ranged from $1,747 per square foot for a one-bedroom unit to $1,642 per square foot for a four-bedroom unit, CapitaLand said.
Goldmining firm LionGold said it has made a takeover bid for Australia gold producer Castlemaine Goldfields in a deal worth $65 million.
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