Wednesday, July 7, 2010

7 Jul Market Summary

Market:
The STI went down 6.99 pts to close at 2,861.03.
Volumes were at 1.35 bln at a value of S$1.07 bln. This means on average each share is worth $0.793.
Losers outpaced gainers 2 to 1.
*****

Stories of note:
KEPPEL LAND LIMITED
Announces top-out of latest development Ocean Financial Centre

OVERSEAS UNION ENTERPRISE LIMITED
Announces initial lineup of tenants for 50 Collyer Quay

CAPITALAND LIMITED
Ascott accelerates expansion in China with new serviced residences in Xi’an and Shenzhen

CHINA GAOXIAN
Buys 247,200 sq m of land in Huzhou City for RMB 200 mln, plans for expansion

HARTAWAN HOLDINGS
Appeal dismissed in lawsuit by Ning Bo Shipyard over m.v. Green Spring

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