Singapore offers shut lower on benefit taking and lacking prompts from what a few brokers called a "disappointing" Budget yesterday.
Financial specialists are additionally evaluating prospects for United States President Donald Trump's monetary arrangements and the planning of loan fee climbs.
The key Straits Times Index shut down 10.96 focuses, or 0.35 for each penny, at 3,096.69, overloaded by Jardine Matheson Holdings, which fell US$1.09, or 1.7 for every penny, to US$63.86.Other blue-chip washouts - Golden Agri-Resources plunged 0.5 penny, or 1.2 for every penny, to 42.5 pennies; Hongkong Land sank eight US pennies, or 1.2 for every penny, to US$6.81 - added to burdens.
Wilmar International shed four pennies, or 1 for every penny, to $3.90, regardless of posting a 70 for each penny year-on-year increment in final quarter net benefit to US$560.8 million.Construction counters were a Budget recipient taking after news that about $700 million out in the open area foundation tasks will be presented in the following two years.
Development, property and building organization Koh Brothers Group rose one penny, or 3.6 for every penny, to 29 pennies; contractual worker Tiong Seng edged up 0.5 penny, or 2.2 for each penny, to 23 pennies; and foundation and structural designing organization OKP Holdings increased one penny, or 3.1 for every penny, to 33.5 pennies.
Our recommendation for SGX investors
- YONGMAN
- NATURAL COOL
- MAXI CASH FIN
- HL GLOBAL ENT
- NOBLE
SGX INTRADAY SIGNALS: BUY HL GLOBAL ENT AT 0.430 TARGET 0.445, 0.460 SL 0.410
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