News

It was buoyed by the 20% increase in motor vehicle sales.

Dedicated offices in Raffles Hotel will be pricier than their current offerings which starts at $2,500 a month.

HDB rental volume also dipped 28.5% to 1,388 HDB flats rented.

The offering has a subscription rate of 2.7 times from asset managers and commercial bank investors.

Don’t expect gains today.

More home upgraders opted for units priced from $1.5-2.5m.

And GIC to sell shares in Coway to Korean company Woongjin Group.

The firm has proposed to transfer its assets and operations to existing licensees.

Goodman Fielder manufactures food ingredients and consumer branded food for Australasia.

The growth was boosted by offshore funds which are typically used by institutional investors.

The firm says they need a bigger venue due to a large number of shareholders wanting to attend.

This will affect SilkAir, China Southern Airlines, Garuda Indonesia, Shandong Airlines and Thai Lion Air operating in Singapore.

Large catchment areas will continue to boost suburban malls.

And Singapore-based healthcare startup Docquity bagged US$11m in a series B funding round.

Expect muted gains today.

There were 100 new bond listings which raised $42.87b. The Singapore Exchange recorded an 8% MoM increase in its securities daily average value (SDAV) to $1.06b in February, hitting its six-month high. However, it was still down 39% compared to the figures in February 2018. The bourse’s total securities market turnover fell 12% MoM and 42% YoY to $19.1b over 18 trading days. The market turnover value of Exchange Traded Funds (ETFs) also crashed 52% MoM and 70% YoY to $103m. For derivatives, total volume dipped 2% MoM and rose 1% YoY to 18.2 million. SGX noted that there February saw 1 Catalist listing and 100 new bond listings which raised $42.87b. The total market capitalisation value of the 740 listed firms hit $970.84b as of end-February.