Singapore stocks subdued tracking mixed Asia; Noble jumps 8%

Singapore stocks were little changed on Wednesday, tracking mixed Asian shares amidst caution over the latest missile test by North Korea and concerns at recent softness in Chinese shares.

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SGX Logo. Reuters

Singapore stocks were little changed on Wednesday, tracking mixed Asian shares amidst caution over the latest missile test by North Korea and concerns at recent softness in Chinese shares.

Stocks in Seoul fell as investors considered the latest intercontinental ballistic missile launch from North Korea. Bitcoin surpassed $10,000 for the first time, bringing this year's price surge to more than 10-fold.

MSCI's broadest index of Asia-Pacific shares outside Japan was up just a fraction, while China's blue chip index eased 0.5 percent.

At 0510 GMT, the Straits Times Index edged down 0.04 percent or 2 points to 3,440. It ended 0.17 percent higher on Tuesday, taking the year-to-date performance to about 19 percent.

DBS Group Holdings dropped 0.1 percent, United Overseas Bank gained 0.04 percent while Oversea-Chinese Banking was down 0.3 percent.

Centurion, which owns and operates workers and student accommodation assets, rose 1 percent after the company said it will offer 36 million shares in a secondary Hong Kong listing.

Embattled commodities trader Noble Group jumped 8 percent after the company said it would sell four of its Kamsarmax dry bulk carrier vessels for US$95 million, as part of its debt reduction plans.

Singapore-based Eurosports Global, the sole authorised Lamborghini dealer in Singapore, rose 2 percent after its joint venture company, Prosper Auto entered into a dealership agreement with Italian sports car maker.

About 899 million shares worth S$459 million changed hands, with gainers outnumbering losers 165 to 163.

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