SG Morning Call | Singapore stocks open higher; STI up nearly 0.3%, JMH USD down over 3% at open
Market Snapshot
On Friday, Singapore stocks opened higher, with the Straits Times Index (STI) rising nearly 0.3%. Singtel, DBS, OCBC Bank and UOL edged up modestly, while JMH USD fell more than 3% in early trade.
Stocks in Focus
The following companies saw new developments that may affect trading of their securities on Friday (Oct 16):
Singapore Airlines (SIA) : Passenger traffic rose 2.8 per cent year on year in September, supported by healthy demand across most regions, it said on Thursday. The group said it carried 3.5 million passengers during the month, up 3.7 per cent from a year earlier. Shares of SIA closed 0.8 per cent or S$0.05 lower at S$6.49 on Thursday, before the news.
CapitaLand India Trust (Clint) : The trust on Thursday announced the launch of a new data centre in Chennai with an investment of about 19.4 billion rupees (US$203.2 million). CapitaLand Data Centre Chennai 01, Clint’s first data-centre development in the state of Tamil Nadu, will have a gross power capacity of 53 megawatts when completed by the end of 2026. Units of Clint fell 1.1 per cent or S$0.01 to S$0.88 on Thursday, before the news.
First Resources : The Singapore-listed palm oil producer on Thursday said fires detected within its Indonesian palm oil concessions were largely caused by external blazes spreading across its boundaries. The response follows a report by The Straits Times citing a recent Greenpeace investigation, which named First Resources and Bumitama Agri among entities with concession areas registering haze source points. Shares of First Resources fell 3.3 per cent or S$0.14 to S$4.08 on Thursday, before the filing.
SG Local News
Singapore looking into which companies responsible for haze-causing fires: PM Wong
Singapore is looking into which companies may be responsible for haze-causing fires, said Prime Minister Lawrence Wong.
Where warranted, Singapore will take action under its Transboundary Haze Pollution Act, and also explore joint action with other countries, he added in a Facebook post on Oct 15.
“We cannot control the weather or the winds, nor can we directly control what happens beyond our borders.
Singapore key exports jump by higher-than-expected 68.4% in September, led by non-electronics
The Republic’s non-oil domestic exports (NODX) surged 68.4 per cent year on year in September, more than double the 32.2 per cent consensus forecast of private-sector economists in a Bloomberg poll.
Driven by non-electronics NODX, the latest showing also extended August’s revised 46.1 per cent expansion, Enterprise Singapore (EnterpriseSG) data showed on Friday (Oct 16).
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