Roundup: Singapore stocks end down 0.14 pct
Xinhua, April 8, 2015 Adjust font size:
Singapore shares closed 0.14 percent lower on Wednesday, as investors were waiting for the Federal Reserve meeting minutes in March.
The minutes for the last-month meeting could shed some light on the outlook for U.S. interest rates. The disappointing employment report for March had this week boosted expectation that U.S. central bank may delay rate hike.
The benchmark Straits Times Index inched down 4.94 points to close at 3,460.68 points. Trading volume was 1.99 billion shares worth 1.13 billion Singapore dollars. Advancers outnumbered decliners 248 to 187, while 498 stocks closed unchanged.
Among top actives, Singapore Telecommunications Limited shed 0. 9 percent to 4.38 Singapore dollars. It announced it has acquired 98 percent of U.S. cyber-security firm Trustwave for 810 million U. S. dollars. Trustwave's Chairman Robert J McCullen will continue to hold the remaining 2 percent stake. Headquartered in Chicago with staff strength of 1,200, Trustwave is an independent managed security services provider.
Ntegrator International Limited rose 4 percent to 2.6 Singapore cents. It announced that it has been awarded a 25.6 million Singapore dollar contract. The customer is a local provider of fiber infrastructure. The contract is for 3 years and involves the installation, operation and maintenance of the Next Generation National Broadband Network in Singapore. With this contract, Ntegrator has won a total of 8 contracts this year with a total contract value of 50.8 million Singapore dollars.
Among the top gainers, DBS Group rose 0.7 percent to 20.47 Singapore dollars, while Jardine Matheson dropped 1.3 percent to 61.99 U.S. dollars. (1 U.S. dollar equals to 1.35 Singapore dollars) Endi