Singapore Hot Stocks- Neptune Orient in focus
SINGAPORE, March 31 (Reuters) - Neptune Orient Lines (NOL)
(NEPS.SI), the world's seventh-largest container shipper, may
be in focus on Tuesday after it said it carried 21 percent
fewer containers in the four weeks to March 6 versus a year
ago.
U.S. stocks tumbled on Monday as two major U.S. automakers took a step closer to potential bankruptcy, and a spate of European bank rescues heightened concerns over the financial system's health, putting the brakes on a recent run-up. ----------------------MARKET SNAPSHOT @ 0019 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 .SPX 787.53 -3.48% -28.410 USD/JPY JPY= 97.63 0.37% 0.360 10-YR US TSY YLD US10YT=RR 2.7244 -- 0.011 SPOT GOLD XAU= 917.55 0.14% 1.250 US CRUDE CLc1 48.73 0.66% 0.320 DOW JONES .DJI 7522.02 -3.27% -254.16 ASIA ADRS .BKAS 87.26 -4.88% -4.48 ------------------------------------------------------------- > Wall St hits the brakes on autos, bank woes [.N] > Auto, bank worries lift safe-haven dollar, yen [USD/] > Bonds benefit from renewed slump in stocks [US/] > Gold turns lower as dollar rise, deleveraging weigh [GOL/] > Oil falls over 7 pct on dollar, stock market [O/R]
Stocks and factors to watch:
-- NEPTUNE ORIENT LINES (NEPS.SI)
- Neptune Orient Lines (NOL), the world's seventh-largest container shipper, said it carried 21 percent fewer containers in the four weeks for March 6 versus a year ago.[ID:nSIN79367]
-- SKY ONE HOLDINGS (SOHL.SI)
- Contract equipment manufacturer Sky One said it expects sales and profits for its full year ending March 31, 2009 to be lower due to the higher cost of customs clearances during the Beijing Olympics, a decrease in the volume of goods handled in the second half of financial year 2009, and an increase in corporate expenses. [ID:nSN3U10611]
-- TRANSCU GROUP (TRSU.SI)
- Pharmaceutical company Transcu said it will issue up to S$80 million of one percent convertible notes to subscriber Advance Opportunities Fund. [ID:nSN3U11271]
- Singapore's benchmark Straits Times Index .FTSTI fell 4.15 percent to 1,673.14 points on Monday.
- The Dow Jones Industrial Average .DJI dropped 3.27 percent to 7,522.02 points. The Nasdaq Composite Index .IXIC was down by 2.81 percent to 1,501.80 points. (Reporting by Kash Cheong; Editing by Kevin Lim)
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