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
Success88
Good thanks

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SATS Up 2%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2024-06-03 18:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Singapore&#39;s Straits Times Index rose on Monday, after encouraging data raised hopes of interest rate cuts by the Federal Reserve.</p><p>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.</p><p>Shares of AsiaPhos (SGX:5WV) were up over 14% after it named Jeffrey Wong as independent non-executive chairman, effective Friday.</p><p>SATS (SGX:S58) shares were up over 2% after it completed the acquisition of Terminal &amp; TransporttjÃ¤nst I Sigtuna and APH Logistics, through its subsidiary, WFS Sweden.</p><p>Shares of <a href=\"https://laohu8.com/S/HQU.SI\">Oiltek</a> International (SGX:HQU) surged over 7% after it, secured contracts worth approximately 94.8 million ringgit, through its wholly owned subsidiary, Oiltek Sdn.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/18eb1b97c66859741dcc8989d7c2eee7\" tg-width=\"360\" tg-height=\"1711\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK6045":"建筑与工程","5WV.SI":"亚化集团","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","BK6031":"特种化学制品","BK6501":"化工股","HQU.SI":"Oiltek","BK6519":"运输股","S58.SI":"新翔集团有限公司","LU0082770016.SGD":"HSBC GIF ASIA EX JAPAN EQUITY SMALLER COMPANIES \"AD\" (SGD) INC","STI.SI":"富时新加坡海峡指数","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","LU0082770016.USD":"HSBC GIF ASIA EX JAPAN SMALLER CO. \"AD\" INC","BK6084":"机场服务"},"source_url":"https://www.mtnewswires.com/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2440457016","content_text":"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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":11,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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