International Business Times, Singapore Edition
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Markets

Market Round-Up: What did you miss?

The Straits Times Index rose 0.27 percent or 9 points to 3,336.

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Reuters.
  • Singapore stocks ended with slight gains on Wednesday, as investors awaited the Federal Reserve's policy decision later in the day for more clues on its tightening plans. The Straits Times Index rose 0.27 percent or 9 points to 3,336.
  • E-commerce giant Amazon is all set to enter into South-east Asia by launching its services in Singapore as soon as this week, technology news website TechCrunch reported.
  • Embattled commodity trader Noble Group said it would sell its remaining North American gas and power business and reduce 56 percent of its workforce in a bid to reduce debt.
  • Noble Group expects adjusted net loss for the second quarter of $450 million to $500 million, adjusted for exceptional items.
  • The Myanmar-based conglomerate Yoma Strategic Holdings gained 3.4 percent after reporting a 54 percent jump in first-quarter net profit.
  • SIA Engineering fell 4 percent after its net profit attributable to equity owners plunged 81.8 percent in the first quarter.
  • Gold producer CNMC Goldmine Holdings shares fell as much as 10 percent as it expects to report a "significantly lower profit" for the second quarter.
  • Suntec Real Estate Investment Trust lost 0.5 percent after reporting a 0.3 percent drop in its quarterly distribution per unit.

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