SG Morning Highlights: SG is 53rd most affordable major housing market
Good morning mooers! Here are things you need to know about today's Singapore:
●Singapore shares opened lower on Wednesday; STI down 0.39%
●SG is 53rd most affordable major housing market
●Stocks & REITs to watch: Rex International, Raffles Infrastructure
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened lower on Wednesday. The $富時新加坡海峽指數(.STI.SG)$ decreased 0.39 per cent to 3127.97 as at 9.00 am.
Advancers / Decliners is 19 to 90, with 23.00 million securities worth S$22.07 million changing hands.
●Singapore shares opened lower on Wednesday; STI down 0.39%
●SG is 53rd most affordable major housing market
●Stocks & REITs to watch: Rex International, Raffles Infrastructure
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened lower on Wednesday. The $富時新加坡海峽指數(.STI.SG)$ decreased 0.39 per cent to 3127.97 as at 9.00 am.
Advancers / Decliners is 19 to 90, with 23.00 million securities worth S$22.07 million changing hands.
Breaking News
SG is 53rd most affordable major housing market
The Lion City sits in the lower half of Demographia's International Housing Affordability rankings, as the 53rd most affordable housing market out of the 92 surveyed.
SG is 53rd most affordable major housing market
The Lion City sits in the lower half of Demographia's International Housing Affordability rankings, as the 53rd most affordable housing market out of the 92 surveyed.
Singapore has a housing affordability median of 5.8. A median of 5.1 and above is severely unaffordable, while a median of 3.0 and under is affordable.
"Singapore's median multiple rose from 4.6 in 2019, to a severely unaffordable 5.8 in 2021, reflecting the impacts of the pandemic shock," Demographia's report read.
Stocks & REITs to Watch
$Rex Intl (5WH.SG)$ : The senior secured bond of its 91.7 per cent-owned subsidiary, Lime Petroleum, has been fully subscribed, Rex announced on Wednesday. The bond, worth 950 million Norwegian krones (S$134.2 million), will be used to refinance an existing senior secured bond, as well as further acquisitions on the Norwegian Continental Shelf. Shares of Rex International ended Tuesday up 3.6 per cent or S$0.01 at S$0.285.
$Raffles Infrastructure - watch list (LUY.SG)$ : The company said on Wednesday that it had dismissed Ma Zhi, the firm's executive director, after Ma "failed to meet the standards of the duties and obligations of an executive director of the company". No further details were provided as shares of the infrastructure investor firm closed flat at S$0.06 on Tuesday.
Latest Share Buy Back Transactions
Stocks & REITs to Watch
$Rex Intl (5WH.SG)$ : The senior secured bond of its 91.7 per cent-owned subsidiary, Lime Petroleum, has been fully subscribed, Rex announced on Wednesday. The bond, worth 950 million Norwegian krones (S$134.2 million), will be used to refinance an existing senior secured bond, as well as further acquisitions on the Norwegian Continental Shelf. Shares of Rex International ended Tuesday up 3.6 per cent or S$0.01 at S$0.285.
$Raffles Infrastructure - watch list (LUY.SG)$ : The company said on Wednesday that it had dismissed Ma Zhi, the firm's executive director, after Ma "failed to meet the standards of the duties and obligations of an executive director of the company". No further details were provided as shares of the infrastructure investor firm closed flat at S$0.06 on Tuesday.
Latest Share Buy Back Transactions
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