What’s moving in the markets - 11 Mar
Daily Sprout 🌱 (11 Mar)
The S&P 500 closed lower after stronger than expected US jobs growth led to concerns that a robust jobs market could put upward pressure on prices. China’s consumer prices rose for the first time since August.
STI ⬆️ 0.42% HSI ⬆️ 0.76% NKY ⬆️ 0.02%
S&P 500 ⬇️ 0.65% Nasdaq ⬇️ 1.16% DJIA ⬇️ 0.18%
What's Sprouting
🌱City Developments initiated share buybacks in the open market on Friday, citing its discounted share value as a reason. The company purchased 954,000 ordinary shares, or 0.11 per cent of its issued share capital, at an average price of S$5.75 a share for a total consideration of S$5.5 million.
🌱Sembcorp Industries has received the letter of award (LOA) for a 440 megawatts (MW) inter state transmission system connected wind-solar hybrid power project in India. With this latest award, Sembcorp’s gross renewables capacity globally is now at 14.3 Gigawatts.
🌱 Frasers Property will redeem $600 million perpetual securities on 11 April, which is the first call date.
Source: SGX
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