Singapore Shares End Marginally Up, Tracking European Markets; Seatrium Down 1.9%

MT Newswires06-21

Singapore shares ended the week marginally up on Friday, mirroring gains in the European markets after interest rate decisions by the British, Swiss and Norwegian central banks.

During the day, the benchmark Singapore Strait Times Index ranged between 3,302.03 and 3,314.07, ending 0.18% or 6.02 points higher at 3,306.02.

Sentiment turned slightly upbeat, tracking the positive sentiment in Europe after the Swiss National Bank cut interest rates by 25 basis points, while the central banks of Norway and the UK voted to maintain their interest rates.

In company news, shares of Zixin Group (SGX:42W) were up over 5% after closing its rights cum warrants issue, with total applications at 148%.

Olam Group (SGX:VC2) was up nearly 2% after lodging a second supplementary bidders statement with the Australian Securities and Investments Commission, in relation to its acquisition of Namoi Cotton (ASX:NAM).

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