Singapore shares may fall on Thursday after a poor Spanish debt auction and fading hope of further US monetary stimulus, but Keppel Corp and Sembcorp Marine, the world’s two largest rig builders, may rise on order wins.
Singapore’s benchmark Straits Times Index fell 0.99% on Wednesday to 2,985.04 points. Here are some stocks and factors to watch:
Sembcorp Marine said on Thursday its PPL Shipyard unit secured a US$218.5 million ($275 million) contract to build a jack-up rig, while Keppel announced on Wednesday its shipyard had secured contracts worth $170 million from two repeat customers.
Singapore Exchange said on Thursday its securities daily average value in March was down 27% from February at $1.3 billion. It was 19% lower from a year earlier. Derivatives daily average volume grew 9% to 353,683 contracts from February, but slid 7% year-on-year.
ST Engineering said on Wednesday electronics arm, ST Electronics, had secured new contracts worth about $100 million in the first quarter of 2012, including contracts for rail electronics and satellite communications systems.
Singapore consumer electronics firm TT International requested on Wednesday for a halt in the trading of its shares pending an announcement.
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