Singapore Shares Fall Despite Manufacturing Performance Improvement; Singapore Post Up 2%

MT Newswires06-04

Singapore's Straits Times Index fell on Tuesday, despite manufacturing activity expanding for the ninth consecutive month in May according to data released by the Singapore Institute of Purchasing and Materials Management.

During the day, the benchmark Singapore Strait Times Index ranged between 3,332.88 and 3,349.17, ending 0.3% or 9.93 points lower at 3,338.94.

In company news, shares of Singapore Post (SGX:S08) were up over 2% after it vested 147,676 shares awards pursuant to its restricted share plan.

Pan-United (SGX:P52) was down 1% after it repurchased a further 10,000 shares in the open market on Monday for SG$4,596.

Meanwhile, Keppel Infrastructure Trust (SGX:A7RU) completed the acquisition of around 97.68% interest in Ventura Motors.

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