Good morning moomooers! Here are things you need to know about today's Singapore:
Singapore shares opened lower on Friday; STI down 0.23%
EcoWise requests suspension as directors disagree on response to SGX RegCo queries
Stocks to watch: OCBC, Prime US Reit, SGX, MC Payment, Advanced System
-Moomoo News SG
Market Trend
Singapore shares opened lower on Friday. The Straits Times Index (STI) lost 0.23 per cent to 3,131.08 as at 9.08 am. Advancers / Decliners is 111 to 88, with 407.95 million securities worth S$161.34 million changing hands.
Breaking News
EcoWise requests suspension as directors disagree on response to SGX RegCo queries
Catalist-listed $EcoWise(5CT.SG)$ on Friday requested for a trading suspension, as it works to respond to queries raised by Singapore Exchange Regulation (SGX RegCo) on June 14.
The environmental solutions provider said its directors have not been able to unanimously agree and finalise the announcement, with one director in dissent.
Stocks to watch
$OCBC Bank(O39.SG)$: The bank on Thursday said it has appointed its head of group operations and technology Lim Khiang Tong as the bank's group chief operating officer, to drive and accelerate transformation. OCBC's shares closed down 0.7 per cent or $0.08 at $12.12.
$Prime US ReitUSD(OXMU.SG)$: The Reit is in talks with co-working space operator WeWorkafter the latter proposed to restructure its lease at the Reit's Class A office property in California. The Reit's manager on Thursday said it does not expect this to have any impact on the distribution per unit of Prime US Reit for the current financial year. Units of Prime US Reit rose 0.6 per cent or 0.5 US cent to finish at 86.5 US cents on Thursday, before the filing.
$SGX(S68.SG)$: The bourse operator's multi-asset strategy expects to add asset classes to its product suite, chief executive officer Loh Boon Chye said in an interview with The Business Times. SGX shares closed at S$10.88 on Thursday, down S$0.01 or 0.1 per cent.
$MC Payment(TVV.SG)$: The digital payments company on Thursday said it received a letter of intent from Indonesia-based payments and remittance company Dompet Harapan Bangsa (OY!). OY! is exploring taking a strategic stake in MC Payment. Shares of Catalist-listed MC Payment closed at S$0.33 on Thursday, down S$0.01 per cent or 2.9 per cent, before the announcement.
$Advanced Systems(5TY.SG)$: The semiconductor equipment manufacturer said on Thursday it is looking to consolidate every 375 of its existing ordinary shares into one ordinary share. It also proposed a bonus issue of up to 19.8 million free warrants, subject to the completion of the share consolidation. Advanced Systems' stock closed flat at 0.1 Singapore cent on Thursday.
Source: The Business Times