SINGAPORE stocks market opened higher on Wednesday, with the Straits Times Index progressing 0.6 for each penny, or 19.21 focuses on 3,434.28 as at 9.01am.
This came as Wall Street bounced back by the end ringer to post strong increases overnight, shutting in a positive area for the third straight session.
On the Singapore bourse, around 52.7 million offers worth S$109.3 million changed hands. Gainers dwarfed washouts 91 to 34.
Stocks to watch: OCBC, UOB, SIA, Comfort DelGro, Marco Polo Marine
The accompanying organizations saw new advancements that may influence exchanging of their offers on Wednesday (Feb 14):
Oversea-Chinese Banking Corporation (OCBC): OCBC Bank enrolled a net benefit of S$1.03 billion for the final quarter finished Dec 31, 31 for each penny higher than its year-prior benefit of S$789 million. For the entire year 2017, net benefit rose 19 for every penny to S$4.15 billion. OCBC said it saw maintained development energy over the gathering’s three business columns: keeping the money, riches administration, and protection organizations. The board has proposed a last duty excluded profit of 19 Singapore pennies for every offer, an expansion from 18 Singapore pennies the earlier year, bringing the FY17 add up to profit to 37 Singapore pennies for each offer.
United Overseas Bank (UOB): UOB on Wednesday announced a 16 for each penny ascend in its final quarter net benefit to S$855 million, principally because of an expansion in net premium wage, charge and commission salary and net exchanging pay. The expansion was halfway counterbalanced by higher working costs and stipends. The bank is suggesting a last profit of 45 Singapore pennies for each offer, and a unique profit of 20 Singapore pennies for every offer. For the entire year 2017, net benefit rose 9 for every penny to S$3.39 billion.
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