>Singapore Shares open Higher on Monday:-
' Singapore share prices opened higher Today with the benchmark STI at 3,016.37, up 0.63%, or 17.88 points.
' About 169.3 million shares exchanged hands.
' Gainers beat losers 139 to 37.
>OCBC cuts SGX target to S$6.80, keeps hold:-
' OCBC Investment Research lowered its target price on shares of Singapore Exchange Ltd (SGX) to S$6.80 from S$7.00 and maintained its hold rating to take into account a more cautious environment for the bourse operator.
' SGX shares were up 0.3% at S$6.67 and have risen nearly 9% so far this year. Last week, SGX reported a 23% drop in quarterly profit, hurt by a fall in securities income as volumes declined on global economic uncertainties.
>STOCKS TO WATCH:-
~ SINGAPORE EXCHANGE LTD
' Singapore Exchange, Asia's second-biggest listed bourse, reported a 23 percent drop in quarterly profit, hurt by a fall in securities income as volumes declined on global economic uncertainties.
~ CAPITAMALLS ASIA LTD
' Singapore's CapitaMalls Asia said on Sunday it had acquired Olinas Mall in Tokyo for 22.8 billion yen ($290 million) from Tiger Eye Realty Yugen Kaisha, a special purpose vehicle of a real estate investment fund managed by Invesco Global Real Estate Asia Pacific, Inc.
~ NOBLE GROUP LTD
' Singapore-listed commodities firm Noble Group said on Friday it had concluded a $500 million two-year committed revolving letter of credit and guarantee facility. A total of 19 banks committed to participate in the facility.
>MARKET NEWS:-
' Rally drives S&P 500 to highest close since May 3
' U.S. bond yields climb on hopes of more Europe stimulus
' Euro supported, Aussie extends gains on ECB hopes
' Gold holds gains after GDP, posts weekly rise
' Oil up fourth day as stimulus hopes support
' Key political risks to watch in Singapore