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-- 79.890 SG Morning Highlights: Shares opened 0.75% higher on Wednesday, bouncing back from previous losses
Good morning moomooers! Here are things you need to know about today's Singapore:
Singapore shares opened 0.75% higher on Wednesday.
Singapore contributes US$15m to Coalition for Epidemic Preparedness Innovations.
Stocks to watch: Ascott Residence Trust, Enviro-Hub, Darco Water.
-Moomoo News SG
Market Trend
Singapore shares opened 0.75% higher on Wednesday. Advancers / Decliners is 110 to 83, with 195.11 million securities worth S$204.78 million changing hands as of 9:26 am.
SINGAPORE will contribute a total of US$15 million to the Coalition for Epidemic Preparedness Innovations (CEPI) over 5 years, Health Minister Ong Ye Kung announced on Wednesday (Mar 9).
The contribution will be used in CEPI's mission of accelerating vaccine development against emerging infectious diseases and enabling equitable access to these vaccines.
Speaking in a pre-recorded speech during the Global Pandemic Preparedness Summit held in London, Minister Ong said that it is "only good sound sense" to invest sufficiently and collectively in global transnational pandemic preparedness capabilities, with a key area being vaccine development and production.
Stocks to watch
Stocks to watch
$CapLand Ascott T (HMN.SG)$: The stapled group is acquiring 4 rental housing properties and a student accommodation property in Japan for a total of 10.4 billion yen (S$125 million). The transaction is expected to be yield-accretive and increase ART's pro-forma FY2021 distribution per stapled security by about 1.7 per cent, said its managers on Wednesday. Stapled securities of ART ended Tuesday flat at S$1.03.
$Enviro-Hub (L23.SG)$: The mainboard-listed group said on Tuesday that it has appointed former Member of Parliament Teo Ho Pin as an independent non-executive director of the company. Enviro-Hub shares closed at S$0.067 on Tuesday, down S$0.003 or 4.3 per cent, before the announcement.
$Darco Water Tech (BLR.SG)$: The Singapore High Court on Tuesday dismissed a claim by the company against its former chief executive Thye Kim Meng, in relation to 2 projects in Vietnam. Darco Water had alleged that Thye had breached duties owed to the company in managing the 2 projects, and sought claims of US$1.6 million. However, Thye denied that he was in breach of his duties. Shares of Darco Water closed at S$0.125 on Tuesday, down S$0.025 or 16.7 per cent.
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