Singapore stocks may rise amid stimulus hopes.
Stocks in Singapore closed mixed on Monday amid concerns over weak Chinese manufacturing data. The Straits Times Index fell 8.24 points or 0.27% to end at 3,017.22. Volume was 929.1 million shares. In the broader market, gainers led losers 213 to 202.
Here are some stocks to watch:
Singapore Exchange and Bursa Malaysia will be connected on the ASEAN Trading Link starting from Sept. 18, offering investors a new access to both markets, according to a statement on Monday. The Stock Exchange of Thailand will be next to connect to the trading link.
Singapore commodities firm Olam International said on Tuesday it will issue $250 million fixed rate notes at 2.50% due 2013. Proceeds will be used for working capital and general corporate purposes, including refinancing existing debt.
Singapore construction firm Chip Eng Seng said on Monday it had secured a $210 million contract from the Housing and Development Board to build residential buildings in the Bukit Batok area of the city-state.
Nam Cheong said on Monday it had won sale contracts worth a total of US$59 million for two accommodation work barges. The barges were sold to Perdana Petroleum Bhd, an offshore marine service provider for the oil and gas industry in Malaysia and the Southeast Asian region.
No comments:
Post a Comment