Singapore shares are likely to open higher today, buoyed by data showing US unemployment fell to a 2-1/2-year low and as Italy unveiled a package of austerity measures to shore up its strained finances and stave off a euro zone crisis.
The benchmark Straits Times Index gained 0.42% to 2,773.36 points on Friday.
Here are some stocks and factors to watch, according to Reuters:
Container shipping group Neptune Orient Lines (NOL) may be in focus after a German paper Die Welt reported on Saturday the firm has resumed talks about buying German rival Hapag-Lloyd (HPLG.UL), without identifying its sources.
Singapore Exchange said turnover in securities trading on its bourse fell 37% in November year-on-year to $25.4 billion, hurt by global uncertainties. Securities daily average value was $1.2 billion, down 40% from a year earlier.
More than 200 workers at a electronics plant owned by Hi-P International in Shanghai remained on strike for a third day on Friday to denounce what they said was a management plan for mass layoffs.
Sim Lian Group said its wholly-owned subsidiaries have been jointly awarded the tender for a land parcel in Singapore with a site area of 18,954.5 square metres for commercial and residential development.
UMS, which makes semiconductor equipments, said it will acquire two manufacturing companies, Integrated Manufacturing Technologies and Integrated Manufacturing Technologies Inc for $28 million in total.
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