Off the wire
• Chinese, Singaporean and Korean ballkids to feature at Australian Open  • Nan Tae-Hee scores to give South Korea knockout berth  • Copenhagen Airport sets passenger record in 2014  • Manchester flying high with busiest ever December in its 76 year history  • Roundup: Hosts Australia seal quarter final spot at Asian Cup  • 10 militants killed in Clash in S. Afghanistan  • Group A standing of Asian Cup  • Results of Australia vs Oman at Asian Cup  • AirAsia's final report to be released at least 1 year later: official  • Australia smash Oman 4-0 in Asian Cup  
You are here: 　 Home

Roundup: Singapore stocks end down 0.11 pct

Xinhua, January 13, 2015 Adjust font size:

Singapore shares closed 0.11 percent lower on Tuesday, as a continuing slide in crude oil prices and weak U.S. equities dampened risk appetite.

U.S. crude oil was down below 46 U.S. dollars a barrel after Goldman Sachs warned that prices would fall further as Gulf producers showed no sign of curtailing output.

Wall Street shares fell on Monday, led by a further sharp decline in energy shares as oil prices tumbled. Declining oil prices added to concerns about U.S. corporate results as the release of earnings goes into full swing, with profit forecasts for major energy companies having dropped sharply in recent months

Meanwhile, Chinese trade data beats market expectations. Exports rose 9.7 percent year-on-year in December from 4.7 percent a month earlier and imports fell 2.4 percent compared to a decrease of 6.7 percent in November.

DBS Group Research said "with the start of the fourth-quarter results season, we expect the Straits Times Index to hold at 3,300 points."

Singapore's benchmark Straits Times Index fell 3.82 points to 3, 341.07 points. Trading volume was 1.39 billion shares worth 1.18 billion Singapore dollars. Decliners outnumbered advancers 226 to 164, while 552 stocks did not move.

Global Logistics Properties Limited closed flat at 2.48 Singapore dollars. It announced that it has signed a new lease with Suning Commerce. The lease is for 20,000 square meter space in Southern China. Suning is one of China's largest e-commerce and retail companies. Suning will use the facilities to cater to e- commerce customers in Southern China.

Declout Limited ended flat at 23 Singapore cents. It announced that it has acquires OSINet Communications Private Limited for 14. 2 million Singapore dollars which will be paid in shares. OSINet is an internet service provider with a license and also provides managed services, hosting and data center services. OSINet reported a revenue of 4.4 million Singapore dollars in its last financial year and had a gross profit margin of 47 percent. It has a total of 600 service contracts from 400 corporate customers.

Among the top gainers, Jardine Matheson rose 1.1 percent to 62. 99 Singapore dollars, whereas Jardine Cycle and Carriage became one of the top losers by falling 0.5 percent to 39.58 Singapore dollars. (1 U.S. dollar equals to 1.34 Singapore dollars) Endi