Singapore Shares End Week in Red on Less Than Impressive Import, Export Data

MT Newswires06-28

Singapore's Straits Times Index closed lower on Friday following a dip in the country's import and export price index data.

During the day, the benchmark Singapore Strait Times Index ranged between 3,330.58 and 3,346.81, ending 0.32% or 10.55 points lower at 3,332.80.

In economic news, Singapore's Import Price Index fell 1.7%, extending the 1.4% drop in March, the Department of Statistics reported.

Meanwhile, the city-state's Domestic Supply Price Index fell 0.7% in May versus the previous month, reversing the 4% monthly rise in April, according to data released by the Singapore Department of Statistics.

In company news, Sinjia Land (SGX:5HH) surged nearly 36% after it entered into a subscription agreement with individual investors Guo Jiahui, Jin Jixiang, Xu Lihua, and Wang Ling-Jong for the issuance and allotment of 207,072,685 shares at an issue price of SG$0.024 per share.

Shares of ICP Limited (SGX:5I4) fell nearly 13% after it outlined its plans to sell its 51% stake in GMT Group, which provides vessel chartering services, to Glomar Holdings for S$4.6 million.

Nio fell 3.5%, SingPost fell 1.2%, UOB rose 1%.

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