28Feb

Singapore stock market open level on Wednesday; STI up 0.7%

SINGAPORE stocks opened level on Wednesday, with the Straits Times Index increasing 0.7 for every penny or 24.82 focuses to 3,565.21 as at 9am.

Overnight, Wall Street stocks staggered after congressional declaration from new Federal Reserve boss Jerome Powell resuscitated stresses over higher loan fees, AFP detailed. The Dow Jones Industrial Average fell 1.2 for each penny to complete at 25,410.03; the wide-based S&P 500 dropped 1.3 for every penny to end the day at 2,744.28, while the tech-rich Nasdaq Composite Index lost 1.2 for every penny to 7,330.35.

SGX

On the Singapore bourse, around 99.6 million offers worth S$332.2 million changed hands. Failures dwarfed gainers 77 to 49.

Dynamic stocks included LionGold, Singtel, and Golden Agri-Resources.

Jaya Holdings to delist from SGX on March 1

Jaya Holdings will be delisted from the Singapore Exchange (SGX) with impact from 9.00 am on Thursday, March 1.

Jaya, beforehand a seaward armada and shipyard proprietor, detailed this in a declaration to the SGX on Wednesday.

Jaya turned into a money organization after it sold its organizations for S$625 million of every 2014 to Mermaid Marine Australia. It went into a switch takeover consent to procure Heduru Moni in May 2016 out of an S$232.2 million all-share bargain, yet ended the arrangement after it neglected to get pre-freedom from SGX

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