SGX Market opened 2.9 points, or 0.1 per cent, higher at
2,883.66 on the first trading day of the year.
Some 29.6 million shares worth S$25.2 million changed hands
with gainers beating losers 77 to 30, as at 9.02am on Tuesday.
DBS and Ezion Holdings were among the big gainers.
Overnight, major European equity indexes had climbed to new
highs in thin trading, with strong manufacturing reports from the region
boosting sentiment.
SGX
Shares GDP surprises with 1.8% full-year growth in 2016:
Overnight, real European value files had moved to new highs
in thin exchanging, with solid assembling reports from the locale boosting
notion.
THE wellbeing of the Singapore economy amazed numerous –
even the administration itself – with an entire year development for 2016 of
1.8 for every penny, propel gauges discharged by the Ministry of Trade and
Industry (MTI) on Tuesday morning appear.
This likewise implied it turned away a specialized
subsidence in the final quarter as assembling yield surged. It grew an enduring
9.1 for every penny on an annualized premise from the past quarter. It had
contracted by 1.9 for each penny in the second from last quarter. On a
year-on-year premise, the economy developed by 1.8 for every penny in Q4,
superior to the 1.2 for each penny in Q3.
Producing developed by 6.5 for every penny year-on-year in
the final quarter, or a 14.6 for each penny quarter-on-quarter development.
These numbers came in more grounded than the
administration’s desires. It prior had put entire year development in 2016 to
be between 1 to 1.5 for every penny. Only three days prior, Prime Minister Lee
Hsien Loong said in his New Year discourse that it would grow “one or more for
every penny” in 2016.
A survey of financial specialists by Reuters put the middle
conjecture for Q4 quarterly development at 3.7 for every penny.
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