21Jan

Singapore Stocks Update: Singapore shares open higher on Monday; STI up 0.3% to 3,233.51

Singapore Stocks Update:
SINGAPORE stocks opened higher on Monday, with the Straits Times Index progressing 9.17 focuses, or 0.3 percent to 3,233.51 as at 9.01am.

Gainers dwarfed failures 75 to 20, after about 73.5 million offers worth S$44.1 million changed hands.

The most effectively exchanged counter was JCG Investment, which was level at 0.3 Singapore penny, with 51.5 million offers exchanged.

Other dynamic stocks included Keppel Corp which increased 0.95 percent or six Singapore pennies to S$6.35, and Genting Singapore which rose 0.93 percent, or one Singapore penny to S$1.09.

Offers of Boustead Singapore, Boustead Projects up on $200 mil contract win

Offers of Boustead Singapore and Boustead Projects ascended on Monday morning.

This pursues Boustead Singapore’s Friday night declared that Boustead Projects, its 53% claimed backup, had prevailed upon an agreement worth $200 million to plan and assemble Surbana Jurong Campus.

As at 10.49am, Boustead Singapore shares are up 1.9% to 80.5 pennies with 419,000 units of exchanged while Boustead Projects shares are up 2.3% to 90 pennies with 36,000 units exchanged.

Situated at the 600ha Jurong Innovation District, Surbana Jurong Campus will be the coordinated propelled advancement and worldwide central station for the Surbana Jurong gathering.

The agreement is Boustead Projects’ biggest private part undertaking to date.

The honor of the most recent contract has raised the Boustead Group’s organization book build-up to around $860 million, which comprises of unrecognized venture income staying toward the finish of September 2018 or more the all out estimation of new requests anchored from that point forward.

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