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STI
2,466.6
-5.0 (-0.20%)

 

  • STI Straits Times Index
    2,466.6
    -5.0 (-0.20%)
     
  • KLCI FTSE Bursa Malaysia KLCI
    1,504.8
    0.9 (0.06%)
    Index delayed 15 minutes
  • HSI Hang Seng Index
    23,459.0
    183.5 (0.79%)
    Index delayed 15 minutes
  • SSE SSE Composite Index
    3,218.1
    -6.3 (-0.20%)
    Index delayed 15 minutes
  • N225 Nikkei 225
    23,185.1
    -354.0 (-1.50%)
    Index delayed 20 minutes
  • JCI Jakarta Composite Index
    4,870.0
    -9.1 (-0.19%)
    Index delayed 10 minutes

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  • Volume: 1,275.6M
  • Value: 1,346.5M
  • Rise: 149
  • Fall: 147
  • Unch: 483

Intraday Market Ticker Help

Intraday Market Ticker
Time Name Type Price Vol
  • Top Active

  • Top Gainer

  • Top Loser

Top Counters
Name Last Change
Sembcorp Marine0.146+0.002
HPH Trust USD0.164+0.018
Beverly JCG0.001-0.001
Jiutian Chemical0.048-0.002
Singtel2.120+0.020
CapitaMall Trust1.930-0.060
ThaiBev0.605+0.010
Keppel Corp4.450+0.150
Golden Agri-Res0.142+0.001
Rex Intl0.141-0.001

World Indices

World Indices
Name Last Change
Nasdaq 10,672.3 +39.3
HSI 23,235.4 -75.7
HSCEI 9,302.6 -68.6
Jakarta 4,945.8 +103.0
Nikkei 225 23,204.6 +116.8
SSE Comp 3,219.4 -3.8
Shanghai A 3,374.1 -4.0
Shanghai B 247.4 +0.8
KOSPI 2,278.8 +6.1

Asian Indices delayed. US Indices updated twice daily at 7:30am and 7:30pm.

News - Detailed News Story

Rex Intl

Stock Chart
Last Done 0.141
Change -0.001 (-0.70%)
Volume 16,725.8
Range 0.138 - 0.145

Sembcorp Marine

Stock Chart
Last Done 0.146
Change +0.002 (+1.39%)
Volume 214,569.7
Range 0.144 - 0.153

Baker Technology

Stock Chart
Last Done 0.196
Change -0.004 (-2.00%)
Volume 50
Range 0.196 - 0.196

Dyna-Mac

Stock Chart
Last Done 0.086
Change -0.001 (-1.15%)
Volume 1,257.5
Range 0.086 - 0.090

Nam Cheong

Stock Chart
Last Done 0.004
Change - (-)
Volume -
Range - - -

MarcoPolo Marine

Stock Chart
Last Done 0.013
Change - (-)
Volume -
Range - - -

KimHeng Offshore

Stock Chart
Last Done 0.031
Change - (-)
Volume 169.9
Range 0.031 - 0.031

Mermaid Maritime

Stock Chart
Last Done 0.058
Change -0.003 (-4.92%)
Volume 400
Range 0.058 - 0.060

China Aviation

Stock Chart
Last Done 0.930
Change +0.035 (+3.91%)
Volume 602.5
Range 0.900 - 0.935

Civmec

Stock Chart
Last Done 0.370
Change - (-)
Volume -
Range - - -

Keppel Corp

Stock Chart
Last Done 4.450
Change +0.150 (+3.49%)
Volume 18,252.4
Range 4.390 - 4.580

Big oil deal fails to energise SGX's oil and gas counters

15 Apr 2020 09:00

By Anita Gabriel

THE biggest-ever output cuts by the world's largest oil producers over the Easter weekend failed to energise oil and gas related stocks on the Singapore Exchange with the counters reflecting crude's dispirited reaction so far.

At a magnitude of 9.7 million barrels per day (bpd) over May and June, the oil production cuts by the OPEC+ alliance seemed underwhelming amid a supply glut and won't offset the demand destruction that analysts say tops 20 million-30 million bpd dealt by the Covid-19 pandemic.

The big oil deal does however put a floor under oil prices that have collapsed by more than half this year although at current levels, it is unlikely to reignite activity in the sector and spur significant new orders for players. This more so as the cuts don't take effect until May 1, which means until then, the oil cartel and its allies who have significantly raised production over the last month, will continue to flood the market.

Toss in the fact that the inflection point of the outbreak has yet to befall the world and demand could fall further, all of these mean it's no time to cycle back into equities, let alone oil and gas stocks.


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Source: Business Times
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