Singapore Shares Open Week Marginally Higher; Asia-Pacific Strategic Investments Surges 100%

MT Newswires07-01

Singapore's Straits Times Index closed Monday marginally higher despite declines in the US and European markets coupled by the US presidential debate.

During the day, the benchmark Singapore Strait Times Index ranged between 3,325.17 and 3,341.59, ending 0.2% or 5.77 points higher at 3,338.57.

In economic news, total loans and advances in Singapore declined to SG$796.7 billion in May from SG$804.3 billion in April, according to data from the Monetary Authority of Singapore.

Asia-Pacific Strategic Investments (SGX:5RA) shares surged 100% after it entered into a subscription agreement, in which IFH Technology agreed to subscribe to 3.14 billion new shares at SG$0.002 apiece.

Shares of ICP (SGX:5I4) surged over 14% after it completed the disposal of GMT Bravo and GMT Charline to Glomar Holdings for a total consideration of SG$4.6 million.

Silverlake Axis (SGX:5CP) was up nearly 4% after it appointed Cassandro Goh Shiou Ling as the group's chief executive officer with effect from July 1.

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