Wednesday, September 16, 2015

STI MARKET REVIEW for wednesday

STI MARKET REVIEW

Singaporeshares opened higher on Wednesday. At 9.01am, the benchmark Straits Times Index was up 26.68 points, or 0.94 per cent, at 2,868.62 and ended 26.80 points or 0.94% higher to 2868.74. STI came off from its intra- day peak of 2886.85 and low of 2855.78. Top LosersScrip NameCMP%changeNOBLE0.45-2.17GOLDEN
AGRI-RES0.305-1.61STARHUB3.54-0.56DBS17.43-0.34SIA ENGINEERING3.64-0.27Singapore stocks traded lhigher at noon on Wednesday. STI gains 0.88% to 2,867.00 at midday


LOCAL BOURSE
For those holding out for a roll back of property curbs after an election victory by Singapore's ruling party, the wait - may be longer than anticipated. The People's Action Party's emphatic win at Friday's polls won't be enough to reverse measures put in place as far back as 2009. The pace of decline in the city's home prices need to double the 6.7% drop from the peak two years ago before any of the restrictions will be eased.

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