Singapore Shares Remain Mute; Wilton Resources Plunges 30%

MT Newswires06-27

Singapore's Straits Times Index remained muted on Thursday as global equities ended mixed overnight amid global pressures arising ahead of a crucial US inflation report.

During the day, the benchmark Singapore Strait Times Index ranged between 3,315.52 and 3,348.15, ending 0.35% or 11.65 points higher at 3,343.35.

In company news, shares of Wilton Resources (SGX:5F7) crashed nearly 30% after it entered into a deed of settlement with Chong Thim Pheng (CTP) and Ong Kok Heng for a full and final settlement of disputes arising from a sale and purchase agreement between the three parties on March 29, 2022.

Shares of Singapore Engineering (SGX:S63) were up over 3% after Maybank adjusted its price target to SG$4.60 from SG$4.30.

Shares of Centurion Corporation (SGX:OU8) were up over 4% after Lim & Tan Securities adjusted its price target to SG$0.66 from SG$0.62.

SIA rose 2%, Nio rose 1.8%, Seatrium fell 5%.

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