International Business Times, Singapore Edition
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Markets

Market Round-Up: What did you miss?

The Straits Times Index added 0.23 percent or 8 points to end at 3,346.

india trader
Reuters
  • Singapore stocks gained on Wednesday, led by lenders such as OCBC and DBS Group Holdings. The Straits Times Index added 0.23 percent or 8 points to end at 3,346.
  • Casino operator Genting Singapore said second-quarter net profit surged nine times from last year, powered by improved performance of its gaming business and stake sale in a project in South Korea.
  • Telecoms service provider StarHub reported a 21 percent fall in second-quarter net profit, hurt by lower revenue from voice, roaming services and pay TV.
  • Wifi service provider Nera Telecommunications jumped 4 percent after it won contracts worth S$14.9 million for both the Network Infrastructure and Wireless Infrastructure Network businesses.
  • Shares in K1 Ventures, a diversified investment holding company, rose 2.7 percent after it reported a 6.7 percent rise in full-year net profit due to a fair value gain.
  • CWT, which is in take-over talks with China's HNA Holding, added 1.4 percent after posting a huge surge in its second-quarter net profit, powered by growth at its engineering and commodity marketing businesses.

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