6Mar
SGX Singapore

Sgx Singapore Stock Market Trading Picks And News – 6th March 2014

MARKET UPDATES
  • Singapore Exchange (SGX) said on Wednesday that securities trading fell 35 per cent to S$20.9 billion, with daily average value of trading down 41 per cent. Daily average value of trading fell 41 per cent to S$1 billion due to more trading days in February 2013 compared with a year earlier.
  • Upstream oil and gas group Loyz Energy on Wednesday announced that it would be acquiring a 20 per cent stake in Norwegian oil and gas exploration firm Fram for US$41.4 million. The acquisition will deliver more opportunities for the sharing of expertise and resources.
  • ASIA’S ultra-wealthy individuals, defined as those with net assets of at least US$30 million, plan to invest in property this year The proportion of Asia’s ultra-wealthy who are keen on doing so -45 percent is close to the global average of 47 per cent.
STOCK RECOMMENDATION
  •   BUY WILMAR INTERNATIONAL ABOVE 3.500 TG 3.550,3.600, 3.670 SL 3.430

 

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