Singapore Shares Jump 0.8% on Upbeat Wall Street Gains

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Singapore Shares Jump 0.8% on Upbeat Wall Street Gains

The Business Times2022-06-27

SINGAPORE shares rose on Monday (Jun 27), buoyed by sharp gains in Wall Street last Friday as fears somewhat eased over aggressive rate hikes by central banks given a string of weak macro data out of ...

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Kel9670ong
·2022-06-27
A small gain is also good
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1
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Zivcheah
·2022-06-27
9
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1
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Zivcheah
·2022-06-27
O
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1
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来人
·2022-06-27
Ok
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1
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chefbean
·2022-06-27
Hee
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1
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财帛宫
·2022-06-27
Waawaa
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1
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Huatahhuat
·2022-06-27
Yay thanks!
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3
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StarGalaxy
·2022-06-27
Ok
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2
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BernardLL
·2022-06-27
Good
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5
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snugglebear
·2022-06-27
Ok like pls
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bossbaby
·2022-06-27
Good
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7
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siewleng123
·2022-06-27
Good
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6
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watever
·2022-06-27
Ok
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IcyAlchemist
·2022-06-27
Like and comment
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4
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Domiqta
·2022-06-27
Nice!!!
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V K
·2022-06-27
Pls like tyvm[Happy]
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Key gauges in China and Hong Kong were up 0.88 percent and 2.35 percent respectively. Japan rose 1.43 percent, Taiwan and South Korea climbed 1.60 percent and 1.49 percent respectively while Australia finished 1.93 percent higher and Malaysia’s key index relatively under performed with marginal gains of 0.10 percent.“Markets continue to price that the worst is over for US bond markets and that the end of Fed rate hikes will occur sooner as the economy in the US, and elsewhere, slow sharply in H2 2022,” remarked Oanda senior market analyst, Asia-Pacific, Jeffrey Halley.A recent slide in commodity prices and an easing in a recent reading of longer-term US consumer inflation expectations (for context, it still stood at a record low) were perceived by investors as positive, as these could reduce the urgency for steeper rate hikes by the US Federal Reserve. 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The mainboard-listed telco quashed a news report in The Australian that it was mulling to list its Australian subsidiary, Optus. Describing the report as “highly speculative”, Singtel said it has no plans to list Optus through an initial public offering at the moment.Frasers Logistics & Commercial Trust(FLCT) saw some action as the units advanced S$0.020 or 1.48 percent to S$1.37. The trust’s manager announced over the weekend that it has acquired a freehold logistics development in the UK for £101 million (S$171.7 million). The site’s development is expected to be completed in the second half of 2023 and will be leased to Peugeot Motor Company for 15 years with 5-yearly, upward-only rent reviews.Wing Tai Holdings drew coverage by DBS Group Research with a vaunted “buy” rating and a target price of S$2.05 owing to its attractive valuation and high percentage of inventory sold. 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Key gauges in China and Hong Kong were up 0.88 percent and 2.35 percent respectively. Japan rose 1.43 percent, Taiwan and South Korea climbed 1.60 percent and 1.49 percent respectively while Australia finished 1.93 percent higher and Malaysia’s key index relatively under performed with marginal gains of 0.10 percent.</p><p>“Markets continue to price that the worst is over for US bond markets and that the end of Fed rate hikes will occur sooner as the economy in the US, and elsewhere, slow sharply in H2 2022,” remarked Oanda senior market analyst, Asia-Pacific, Jeffrey Halley.</p><p>A recent slide in commodity prices and an easing in a recent reading of longer-term US consumer inflation expectations (for context, it still stood at a record low) were perceived by investors as positive, as these could reduce the urgency for steeper rate hikes by the US Federal Reserve. Also helping to repair sentiments that were earlier battered by recession fears were remarks from a couple of US central bank officials aimed at alleviating such worries.</p><p>IG’s market strategist Yeap Jun Rong said: “The question remains on whether this marks another relief rally for a further leg lower. Overall sentiments may stay fragile, largely because the downward trend for equity indices remains intact, and we have seen previous instances of a single event pertaining to inflation, economic outlook and central banks’ policies bringing back market jitters and reversing dip-buying sentiments.”</p><p>On the home front, some 1.30 billion units worth S$960.32 million were traded. Advancers outpaced decliners, with 362 counters up and 188, down.</p><p>Singtel was one of the day’s top 10 actively traded counters with over 27 million shares done. The counter rose S$0.020 or 0.78 percent to S$2.60. The mainboard-listed telco quashed a news report in <i>The Australian</i> that it was mulling to list its Australian subsidiary, Optus. Describing the report as “highly speculative”, Singtel said it has no plans to list Optus through an initial public offering at the moment.</p><p>Frasers Logistics &amp; Commercial Trust(FLCT) saw some action as the units advanced S$0.020 or 1.48 percent to S$1.37. The trust’s manager announced over the weekend that it has acquired a freehold logistics development in the UK for £101 million (S$171.7 million). The site’s development is expected to be completed in the second half of 2023 and will be leased to Peugeot Motor Company for 15 years with 5-yearly, upward-only rent reviews.</p><p>Wing Tai Holdings drew coverage by DBS Group Research with a vaunted “buy” rating and a target price of S$2.05 owing to its attractive valuation and high percentage of inventory sold. The shares of the property and retail player rose S$0.020 or 1.14 percent to S$1.78.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Shares Jump 0.8% on Upbeat Wall Street Gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Shares Jump 0.8% on Upbeat Wall Street Gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-27 18:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/stocks/singapore-shares-jump-08-on-upbeat-wall-street-gains><strong>The Business Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE shares rose on Monday (Jun 27), buoyed by sharp gains in Wall Street last Friday as fears somewhat eased over aggressive rate hikes by central banks given a string of weak macro data out of ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/stocks/singapore-shares-jump-08-on-upbeat-wall-street-gains\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.businesstimes.com.sg/stocks/singapore-shares-jump-08-on-upbeat-wall-street-gains","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187483364","content_text":"SINGAPORE shares rose on Monday (Jun 27), buoyed by sharp gains in Wall Street last Friday as fears somewhat eased over aggressive rate hikes by central banks given a string of weak macro data out of the US and many parts of the world.The local bourse’s key Straits Times Index extended last Friday’s gains to finish Monday higher by 25.89 points or 0.83 percent at 3,137.54.The rest of the region noted ebullience of sorts as well. Key gauges in China and Hong Kong were up 0.88 percent and 2.35 percent respectively. Japan rose 1.43 percent, Taiwan and South Korea climbed 1.60 percent and 1.49 percent respectively while Australia finished 1.93 percent higher and Malaysia’s key index relatively under performed with marginal gains of 0.10 percent.“Markets continue to price that the worst is over for US bond markets and that the end of Fed rate hikes will occur sooner as the economy in the US, and elsewhere, slow sharply in H2 2022,” remarked Oanda senior market analyst, Asia-Pacific, Jeffrey Halley.A recent slide in commodity prices and an easing in a recent reading of longer-term US consumer inflation expectations (for context, it still stood at a record low) were perceived by investors as positive, as these could reduce the urgency for steeper rate hikes by the US Federal Reserve. Also helping to repair sentiments that were earlier battered by recession fears were remarks from a couple of US central bank officials aimed at alleviating such worries.IG’s market strategist Yeap Jun Rong said: “The question remains on whether this marks another relief rally for a further leg lower. Overall sentiments may stay fragile, largely because the downward trend for equity indices remains intact, and we have seen previous instances of a single event pertaining to inflation, economic outlook and central banks’ policies bringing back market jitters and reversing dip-buying sentiments.”On the home front, some 1.30 billion units worth S$960.32 million were traded. Advancers outpaced decliners, with 362 counters up and 188, down.Singtel was one of the day’s top 10 actively traded counters with over 27 million shares done. The counter rose S$0.020 or 0.78 percent to S$2.60. The mainboard-listed telco quashed a news report in The Australian that it was mulling to list its Australian subsidiary, Optus. Describing the report as “highly speculative”, Singtel said it has no plans to list Optus through an initial public offering at the moment.Frasers Logistics & Commercial Trust(FLCT) saw some action as the units advanced S$0.020 or 1.48 percent to S$1.37. The trust’s manager announced over the weekend that it has acquired a freehold logistics development in the UK for £101 million (S$171.7 million). The site’s development is expected to be completed in the second half of 2023 and will be leased to Peugeot Motor Company for 15 years with 5-yearly, upward-only rent reviews.Wing Tai Holdings drew coverage by DBS Group Research with a vaunted “buy” rating and a target price of S$2.05 owing to its attractive valuation and high percentage of inventory sold. The shares of the property and retail player rose S$0.020 or 1.14 percent to 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