Singapore Shares Close Marginally Lower; Seatrium Gains Over 3%

MT Newswires06-20

Singapore's Straits Times Index ended marginally lower on Thursday, despite improvement in the country employment rate.

During the day, the benchmark Singapore Strait Times Index ranged between 3,288.94 and 3,304.97, ending 0.12% or 4.0 points lower at 3,300.00.

In economic news, Singapore's unemployment rate rose to 2.1% in the first quarter of 2024 from 1.8% in the year-ago period, according to preliminary data from the Ministry of Manpower.

Shares of Wilton Resources (SGX:5F7) surged over 93% after it entered into an offtake agreement with Karya Jasa Bersahabat Internasional (PT. KJBI) through its unit, Wilton Wahana Indonesia.

Csc Holdings (SGX:C06) plunged over 14% on Thursday's close after it closed its Series 003 SDAX issuance, raising SG$9.18 million in gross proceeds as of 19 June.

Meanwhile, shares of China International Holdings (SGX:BEH) plummeted over 34% after it revealed that it is exploring legal options after its appeal against a lower court ruling was dismissed by the Yichang Intermediate Court.

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