SGX Stock News...Index gets 5 week high

On Tuesday, Sgx stock rise-up to its highest value with compare to last five weeks. The some wall street's value close as boosting dare in US economy that underpinned investor risk appetite.

 

The situation of Straits Times Index was up 0.6 % at 3314.9 On other-side MSCI's broadest index from Asia-Pacific, shares outside Japan was static.

Equity of SingXpress Land Ltd come up to S$0.022 in 11 months, as property and financial services company explore plans to increase S$226.5 million ($181.30 million) for its venture into the U.S. property market.

Equities rose up 29.5 % by 281M shares traded with 6.2 times of average full day volume in last 1 month.

 

Neil Bush will be appoint as chairman of the company in SingXpress. He is brother of former U.S. president George W Bush.

 

"The appointment of Neil Bush is quite reassuring to the investors," a trader said, adding the announcement was a "game changer" for SingXpress.