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Daily Markets Briefing: STI up 0.04%

Daily Markets Briefing: STI up 0.04%

Medtecs International led the gains amongst top active stocks with a 13.95% expansion.

Online hiring sentiment slips 8% in December

The IT industry saw the highest demand in recruitment activity for the month.

Elite Commercial REIT prices IPO at $1.21 apiece

Its initial portfolio comprises 97 commercial buildings in the UK.

Top five IT plays averaged total returns of 105.3% in 2019

The best-performing IT stock saw its total returns hit 154.3%.

CapitaLand closes six malls in China amidst novel coronavirus outbreak

Local governments in Wuhan and Xi’an cities required the closure.

Asia's first bitcoin asset fund Stack floats in Singapore

The index fund plans to capture $1.01b (US$750m) assets under management within 2020.

Utico to hike advisors fees cap to $50m if Hyflux rescue deal bags approval

It will reduce the pot to $30m if advisors do not support the restructuring agreement.

Daily Markets Briefing: STI down 1.81%

Medtecs International led the gains amongst top active stocks with a 65.39% jump. The Straits Times Index ended 58.77 or 1.81% lower at 3,181.25. The top active stocks were Medtecs International, which surged 65.39%, Singtel, which fell 0.89%, DBS, which inched down 1.34%, Genting Sing, which contracted 3.85%, and Capitaland with a 4.89% decline. The FTSE Mid Cap slid 2.15% whilst the FTSE Small Cap fell 2.41%.

MAS implements Payment Services Act

Acts on money changing and payment systems have been repealed.

MLT to acquire Japan logistics centre for $272.5m

The company aims to fill the market gap of grade A logistic properties in Japan.

MIT's next buy could be Mapletree's stakes in US data centres: analyst

Data centres could feature more strongly in its deal pipeline.

Hospitality & tourism to slow down amidst coronavirus outbreak

Singapore hotels’ performance will likely imitate the 42% fall in daily average rate during the SARS outbreak.

Government urged to adopt tax incentives for 5G adoption: KPMG

This includes tax credits of up to 42.5% for the development of use cases for 5G.

Risk management solution buys to boost SGX's profits

Scientific Beta grew its assets under replication by 10 times in four years.