The Straits Times Index (STI) on Wednesday ended 23.86 points or 0.73% higher at 3,296.48, taking the year-to-date performance to +4.16%. The top active stocks were DBS (+0.72%), UOB (+0.13%), SingTel (+0.53%), Keppel Corp (+1.05%) and Genting Sing (+2.28%). Here are some stocks and factors to watch this Thursday morning:
Singapore Exchange (SGX) plans to introduce a minimum trading price requirement as part of changes aimed at curbing excessive speculation on penny stocks listed on the bourse. SGX in a statement on Wednesday set a minimum trading price of 20 Singapore cents for stocks on the main board, effective from March 2016.
Raffles Education Corporation is acquiring a hotel and facilities, seven commercial units and a plot of land with teaching building and dormitories, in Nendaz, Switzerland. The total consideration for the acquisition is CHF29.12 million ($39.8 million).
Xpress New Media, the wholly-owned subsidiary of Mainboard-listed Xpress Holdings, is partnering United Parcel Service of Singapore and S. F. Express (Group) Co. to provide value-added logistics services at its 8–8 Biz Butler outlets.
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