Singapore Shares Start Week Flat; SingPost Falls 5%

MT Newswires06-10

Singapore's Straits Times Index finished flat on Monday, following up on mixed performances in the regional and US markets.

During the day, the benchmark Singapore Strait Times Index ranged between 3,315.16 and 3,342.19, ending 0.26% or 8.69 points lower at 3,322.08.

Shares of Lippo Malls Indonesia Retail Trust (SGX:D5IU) jumped over 8% after Fitch Ratings Singapore upgraded its long-term issuer default rating to CCC from C.

Oxley (SGX:5UX) was down nearly 5% after it bought back 300,000 shares in the open market on Friday for SG$25,188.

Shares of Southern Alliance Mining (SGX:QNS) were up over 3% after the company provided an update on the use of proceeds raised from the company’s initial public offering.

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