Daily SGX Market News by EPIC RESEARCH 25th February 2014
Open
3,112.43
Previous Close
3,099.93
Year To Date
-1.84%
1-Year
-2.75%
Day Range
3,097.04 – 3,113.57
52-Week Range
2953.01-3464.79
Inflation eased slightly to 1.4% in January from 1.5% in December, reflecting a more moderate increase in accommodation cost and a larger decline in private road transport cost. There is expected a 1.5% rise in the consumer price index in January from a year ago.
Singapore’s Sembcorp Marine Ltd, one of the largest offshore drilling rig producers in the world, said its net profit in the fourth quarter rose 9.2 per cent as higher operating profit offset lower contributions from associates and joint ventures.
Malaysian shares ended lower on Monday with the Kuala Lumpur Composite Index slipping 2.06 points to close at 1,828.68. Some 3.06 billion lots, valued at RM2.08 billion were traded. Gainers numbered 432 while losers numbered 446.
Super Group posted on Monday a 6 per cent increase in net profit for its fourth quarter ended December 31, 2013, on the back of higher gross profit margin, forex gains and gains from a disposal. Net profit for the three months ended Dec 31, 2013 stood at S$22.6 million, up from S$21.2 million from a year ago.
BUY OLAM INTERNATIONAL ABOVE 1.760 TG 1.800, 1.850, 1.920 SL 1.710
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