Singapore Shares Down 0.8% Tracking Global Market Losses; Soilbuild Soars 147%

MT Newswires06-14

Singapore shares were down on Friday, mirroring overnight losses in global markets.

During the day, the benchmark Singapore Strait Times Index ranged between 3,297.55 and 3,323.90, ending 0.81% or 26.98 points lower at 3,297.55.

On the corporate front, shares of Soilbuild Construction zoomed 147% after it bagged a construction contract worth $647.5 million, taking its order book beyond $1.2 billion.

Pharmesis International surged nearly 38% after the company disclosed that it has completed the issuance and allotment of 4,100,000 new shares to an investor.

Shares of 9R Limited were up 5% after the company appointed Khoo Kai Yang as chief executive officer, effective June 15.

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