The FSSTI gained 0.5% to 2,702.5 as investors remained cautious over the euro zone debt crisis and the credit rating downgrade of major European and US banks. STX OSV gained 5.3% to S$1.185 after it secured a contract worth Kr1.2b for the construction of a research vessel. The broader market saw 163 gainers and 175 losers, with trading value amounting to S$1.31b.
US markets rallied after the Federal Reserve and five other central banks agreed to reduce the cost of offering dollar financing through swap arrangements. The DJIA gained 4.2% to 12,046 and the S&P 500 index gained 4.3% to 1,247. The ADP employment report also reported an increase of 206,000 jobs in November. Gainers outpaced losers 7:1 on the NYSE, where 1.7b shares were traded.09-11-2011 (UOBKH)
16:13:00: Wilmar Q3 result hits shares, bullish on sugar, palm prices
14:27:14: GLOBAL MARKETS-Shares up on Italy reform hopes, cooling China inflation
01-11-2011 08:38:49
Singapore Stocks-May fall on new EU worries; CapMall Trust in focus
Nov 1 (Reuters) - Singapore shares may open lower on Tuesday after losses on Wall Street overnight on new worries about Europe's debt crisis as Greece called an unexpected referendum on the new EU aid package.
-CapitaMall Trust , which owns shopping malls, may be in focus after it raised S$250 million ($199.7 million) after setting the price of its private placement of new units at the bottom of the S$1.79-S$1.85 range. The trust announced on Tuesday that it is selling 139.7 million new units for S$1.79 each to fund the upgrade of its properties and investments.
*Wall St down as MF Global falls victim to Europe. Bonds soar as stock losses fuel safety buying [US/] > Yen wary of more intervention, euro sags; Gold eases as dollar soars on Japan intervention; Oil edges lower on dollar, but posts monthly gain
*Stocks and factors to watch: -
- NEPTUNE ORIENT LINES (NOL) - the world's seventh-largest container shipping firm, reported on Monday a wider-than-expected third-quarter loss of $91 million, compared to a $282 million profit a year ago. It also warned of a possible full-year loss for the year ended December
- Suntec REIT said on Monday it plans to invest S$410 million to upgrade its retail and commercial asset Suntec City.
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