Market Round-Up: What did you miss? 30 August, 2017
A quick look at all the market moving events and big financial news of the day. From StarHub's free unlimited weekend plans to Koda's profit surge, get your daily dose of all the latest in the world of business right here.
An electric display chart showing the afternoon trading trend of the blue chip Hang Seng Index is seen through a camera at a brokerage in Hong Kong, China. REUTERS
Singapore stocks rebounded on Wednesday, in line with other Asian markets and gains on Wall Street overnight, as concerns about North Korea's firing of a missile over Japan abated.
The Straits Times Index rose 0.49 percent or 16 points to end at 3,265.
Furniture maker Koda jumped 8 percent after posting a near 156 percent jump in full-year net profit, powered by streamlining of its manufacturing operations coupled with the expansion of its retail brand Commune.
Telecoms services provider StarHub unveiled free unlimited weekend plans for its postpaid customers. The stock ended down 0.8 percent.
Singapore-based building maintenance firm ISOTeam secured 15 projects worth S$24.2 million, sending its shares up as much as 3 percent.
ASL Marine Holdings shed 7 percent after reporting a wider fourth-quarter loss, hurt by higher impairments, lower revenue and weak margins amidst the worsening conditions in the marine industry globally.
Yongnam Holdings, a provider of engineering and construction services, on Wednesday said it secured three new contracts worth a total of S$70 million.
Asset management company Northern Trust appointed Yen Leng Ong as head of Singapore and South East Asia operations.
This article was first published
on August 30, 2017
