Singapore Shares Rise Buoyed By Potential Interest Rate Cuts; SATS Up 2%

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Singapore Shares Rise Buoyed By Potential Interest Rate Cuts; SATS Up 2%

MT Newswires06-03

Singapore's Straits Times Index rose on Monday, after encouraging data raised hopes of interest rate cuts by the Federal Reserve.

During the day, the benchmark Singapore Strait Times Index ranged between 3,340.12 and 3,355.63, ending 0.37% or 12.28 points higher at 3,348.87.

Shares of AsiaPhos (SGX:5WV) were up over 14% after it named Jeffrey Wong as independent non-executive chairman, effective Friday.

SATS (SGX:S58) shares were up over 2% after it completed the acquisition of Terminal & TransporttjÃ¤nst I Sigtuna and APH Logistics, through its subsidiary, WFS Sweden.

Shares of Oiltek International (SGX:HQU) surged over 7% after it, secured contracts worth approximately 94.8 million ringgit, through its wholly owned subsidiary, Oiltek Sdn.

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Success88
·06-03
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