Off the wire
• China's border region on Zika alert  • 1st LD: Strong quake strikes off central Indonesia, no tsunami alert  • Roundup: Philippine bourse closes lower as investors stay at sidelines  • Cambodia's ousted court president gets 3 years in jail for unlawful exploitation  • Spring Festival railway travel peaks in China  • China expects new growth of ties with France  • Urgent: Powerful quake strikes central Indonesia  • FLASH: 6.6 MAGNITUDE QUAKE HITS EAST NUSA TENGGARA, INDONESIA: METEOROLOGY AGENCY  • Nepal resumes regular fuel distribution to public after 5 months of crisis  • Airstrikes kill 16 people in Syria's Homs  
You are here: 　 Home

Roundup: Singapore stocks end up 0.07 pct

Xinhua, February 12, 2016 Adjust font size:

Singapore shares closed 0.07 percent higher on Friday, as bargain-hunting emerged amid the fall in global equities and weak oil prices.

Crude oil prices settled at their lowest levels since 2003 amid worries about growing stockpiles in the U.S. and about financial markets across the globe. U.S. crude prices settled down 4.5 percent at 26.21 U.S. dollars a barrel, while Brent crude declined 2.5 percent to 30.06 U.S. dollars overnight.

Investors were also worried about the performance of Chinese shares when China markets open next week. Many expected markets in Shanghai and Shenzhen next week to catch up with the fall in the global stock markets.

Singapore's benchmark Straits Times Index inched up 1.67 points to 2,539.95 points. Trading volume was 901 million shares worth 1.16 billion Singapore dollars. Decliners outnumbered advancers 215 to 149, while 559 stocks did not move.

Among top actives, Singapore Telecommunications rose 1.1 percent to 3.58 Singapore dollars. It reported third-quarter net profit inched down 1.7 percent to 953.5 million Singapore dollars versus 969.8 million Singapore dollars last year. For the three months to December, its operating revenue came in slightly higher at 4.47 billion Singapore dollars versus 4.43 billion Singapore dollars a year ago.

Eu Yan Sang International Limited had no trading on Friday. The Traditional Chinese Medicine specialist reported second-quarter net profit fell 75 percent to 0.5 million Singapore dollars from nearly 2 million dollars a year ago. But its overall revenue rose 1 percent to 85.6 million Singapore dollars, lifted by higher contribution from sales in Singapore and Australia. Revenue from Singapore has improved by 13 percent this quarter, mainly driven by effective promotional campaigns and launch of new products.

Among top gainers, Jardine Strategic rose 0.8 percent to 27.92 U.S. dollars, while Jardine Matheson became one of the top losers by falling 1.4 percent to 53.23 U.S. dollars. (1 U.S. dollar equals to 1.39 Singapore dollars) Endit