MLT on Wednesday morning requested to lift the trading halt it called on Tuesday. Its private placement was about 5.5 times covered including the upsize option, while the issue price for its preferential offering was set at S$1.99 per new unit. MLT is looking to partially fund its proposed Asia acquisitions with the equity fundraising.
Banking stocks rose in early trade. DBS gained 0.5 per cent or S$0.10 to S$21.40, UOB advanced 0.8 per cent or S$0.16 to S$19.79, while OCBC rose 0.3 per cent or S$0.03 to S$8.74. Other active index counters include Frasers Centrepoint Trust, which added 0.4 per cent or S$0.01 to S$2.36, and SATS, which put on 1.9 per cent or S$0.06 to S$3.18., closing higher amid renewed signs policymakers in Washington can finally agree on a spending package to boost the US economy.
The benchmark Dow Jones Industrial Average gained 0.4 per cent to end at 28,308.79, the broad-based S&P 500 added 0.5 per cent to 3,443.12, while the tech-rich Nasdaq rose 0.3 per cent to 11,516.49.. The benchmark Nikkei 225 index gained 0.3 per cent or 63.84 points in early trade to 23,630.88, while the broader Topix index advanced 0.5 per cent or 8.68 points to 1,634.42.For daily updates on weekdays and specially selected content for the weekend.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
STI tracks Wall Street losses, down 0.59% at 2,528.64THE Straits Times Index (STI) slid 0.59 per cent or 14.93 points on Tuesday to 2,528.64 points, tracking overnight Wall Street's losses due to dwindling hopes for a stimulus deal. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Wall Street opens higher with focus on stimulusWall Street's main indexes opened higher on Tuesday as investors were hopeful of more stimulus from Washington, with Senate Republicans preparing ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street closes lower as stimulus deadline nears without dealNEW YORK (REUTERS) - Wall Street's main indexes closed lower on Monday (Oct 19) as Washington lawmakers still appeared to struggle to reach an agreement on coronavirus stimulus ahead of a Tuesday deadline that would make a relief package possible ahead of the the Nov 3 elections.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
US: Wall Street opens higher on renewed hopes of stimulus deal[NEW YORK] Wall Street's main indexes opened higher on Monday on hopes of a coronavirus vaccine by the year-end, while investors were also encouraged by signs an agreement in Washington on a fiscal package could be reached soon. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Wall Street bullish on Netflix results despite return of live sports, more competitionNetflix Inc will tell investors on Tuesday how the ongoing COVID-19 pandemic affected membership in the third quarter - a period when analysts ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asian markets under pressure as Wall Street falters, COVID-19 cases riseAsian stocks came under pressure on Tuesday as a deadline for U.S. lawmakers to pass an economic stimulus bill approached and record daily ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »