STI 3,288 +5 +0.15%
DOW 13,982 +9 +0.06%
S&P 1,520 -1 -0.09%
FTSE 6,318 -10 -0.16%
DAX 7,629 +35 +0.47%
GOLD 1,614 -22 -1.31%
OIL 95.47 -1.84 -1.89%
PRE-HK OPEN +24pts

CREDIT SUISSE GLOBAL RISK APPETITE (EQUITY): 0.85 (15 Feb 2013)
CREDIT SUISSE GLOBAL RISK APPETITE : 2.68 (15 Feb 2013)

DJ MARKET COMMENT: STI Biased Down; Support At 3258 - OCBC

0055 GMT [Dow Jones] Singapore's STI could open lower Tuesday amid a lack of positive buying impetus, with blue-chip investors hewing to the sidelines as earnings season continues to unfold. There is no lead from U.S. markets, which were closed Monday, and a weak one from European shares. "We will probably be stuck in quite a tight range without many cues," says OCBC analyst Carey Wong. The STI Monday edged 0.2% higher, ending at 3288.14 after trading in a less than 11-point range. The bias is to the downside Tuesday, as technicals show that the index "looks quite ripe for a pullback," says Wong, tipping near-term support at 3258. F&N (F99.SG) shares are on trading halt, as TCC Assets announced it has crossed the 90% ownership threshold that should trigger a delisting


February 18, 2013 18:45 ET (23:45 GMT)
DJ Fraser & Neave Requests Trading Halt Pending Announcement

SINGAPORE--Fraser & Neave Ltd. (F99.SG) requested a halt in trading of its shares prior to the market open Tuesday, pending a company announcement.
The trading halt comes after TCC Assets Ltd., which is controlled by Thai billionaire Charoen Sirivadhanabhakdi, said Monday night it now owns or will own a total of 1,301,980,326 shares in F&N, for about 90.32% of the Singapore conglomerate's issued share capital.
That would call for a delisting of the company under Singapore exchange rules, which require that an issuer maintain at least a 10% "free float," or 10% of shares available for trading by the public.
F&N's announcement requesting the trading halt didn't give a specific reason, saying only that a company announcement is pending.