Tuesday, July 6, 2010

6 Jul Market Summary

Market:
The STI went up 24 pts to close at 2,868.02.
Volumes were at 1.17 bln at a value of S$1.2 bln. This means on average each share is worth $1.026.
Gainers outpaced losers 2 to 1.
*****

Stories of note:
UNIONMET
Q2 Revenue: US$7.4 mln vs US$1.6 mln
Net Loss: US$270,000 vs Net Loss of US$1.8 mln (Q2 2009)
Cash From Operations: US$2.6 mln vs US$306,000

GOLDEN AGRI-RESOURCES
PT SMART Tbk refutes allegations by Greenpeace that it is a ‘controversial company’
Claims it has established a zero burning policy since 1997

MERCATOR LINES
Takes delivery of Post Panamax vessel
*****

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