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Market View: S&P 500 breaks downwards trendline, plus earnings from Genting Singapore, SIA Engineering, Frasers Property, ST Engineering
Singapore stocks opened on a lacklustre note today despite modest gains on Wall Street. In early trade, the Straits Times Index (STI) headed down 0.1 per cent to 3,287.65 points after 53.9 million securities changed hands in the broader market. In terms of companies to watch, we have Genting Singapore, after the integrated resort operator last Friday reported net profit of S$247.4 million for the first quarter ended March, up 91.5 per cent year on year. Meanwhile, from ST Engineering’s first quarter revenue numbers to how the US S&P 500 broke its downwards trendline, more corporate and…
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