Wednesday, November 25, 2015

STI slips 0.93% to 2,896.17 at midday

singapore exchange Singapore stocks declined at noon on Wednesday, amid mixed trading in other Asian markets. Geopolitical tensions were heightened after the downing of a warplane near Syria, leading to a standoff between Turkey and Russia.
Meanwhile, Singapore's gross domestic product rose 1.9% in the third quarter from a year earlier, buoyed by growth in services. This topped the median estimate of 1.4% in a Bloomberg poll.

Tuesday, November 24, 2015

UOB first to launch contactless payment with banking mobile app

sgx picks todayUnited Overseas Bank has launched a new mobile app that allows customers to turn their mobile phones into electronic wallets that can be used to make contactless payments, the first such offering by a bank outside the U.S. 
For example, a user who wants to pay for an item in a shop with his UOB Visa credit or debit card will no longer need to flash the actual plastic. He can simply select the 'Pay' function on the UOB Mighty app, enter a PIN and tap against the payment terminal to complete the transaction.

STI closes 0.69% higher at 2,923.49

Singapore stocks inched up at the close on Tuesday, amid mixed performances in other Asian markets.
The Nikkei 225 and KOSPI Indices rose 0.23% and 0.63% respectively, while the Hang Seng Index slipped 0.35%. Meanwhile, the Shanghai and Shenzhen Composite Indices saw respective gains of 0.16% and 1.39%.
A total of 1.29 billion shares worth about $825.2 million changed hands, giving an average of 64 cents per share for the entire market.