Singapore Shares Close Higher as Non-Oil Domestic Exports Exceed Estimates; Nio Rises 3%

MT Newswires08-16

Singapore's stock market surged on Friday as higher exports of electronics and non-electronics items exceeded economist estimates for the country's non-oil domestic exports.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,340.89 and 3,360.03 throughout the day. It ended the session at 3,352.89, up 37.16 points or 1.12% compared to Thursday's close.

In economic news, Singapore's non-oil domestic exports surged 15.7% year on year in July, rebounding from June's 8.8% decline, according to data from Enterprise Singapore.

In company news, shares of China Mining fell nearly 62% after the company narrowed its attributable loss to equity holders to 4.2 million yuan in the six months ended June 30 from 6.8 million yuan in the year-ago period.

SMI Vantage plunged over 14% after it acquired a controlling interest in Whisky Cask Club as part of its strategy to invest in businesses with high growth potential.

Meanwhile, Seatrium Ltd was down nearly 1% after the company delivered its fourth KFELS Super B Class jackup rig, "Vali," to Borr Drilling about a year ahead of the planned delivery date.

Nio rose 2.6%, DBS rose 2.3%, OCBC rose 2%, SIA Engineering rose 1.3%, Singtel fell 1.3%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

6

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2459702295?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-16 17:59","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2459702295","market":"sg","top_or_hot":-1,"title":"Singapore Shares Close Higher as Non-Oil Domestic Exports Exceed Estimates; Nio Rises 3%","media":"MT Newswires","content":"<html><head></head><body><p>Singapore&#39;s stock market surged on Friday as higher exports of electronics and non-electronics items exceeded economist estimates for the country&#39;s non-oil domestic exports.</p><p>The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,340.89 and 3,360.03 throughout the day. It ended the session at 3,352.89, up 37.16 points or 1.12% compared to Thursday&#39;s close.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3547b8b32c7ac8a326df807f4b974e78\" title=\"\" tg-width=\"376\" tg-height=\"692\"/></p><p>In economic news, Singapore&#39;s non-oil domestic exports surged 15.7% year on year in July, rebounding from June&#39;s 8.8% decline, according to data from Enterprise Singapore.</p><p>In company news, shares of <a href=\"https://laohu8.com/S/BHD.SI\">China Mining</a> fell nearly 62% after the company narrowed its attributable loss to equity holders to 4.2 million yuan in the six months ended June 30 from 6.8 million yuan in the year-ago period.</p><p><a href=\"https://laohu8.com/S/Y45.SI\">SMI Vantage</a> plunged over 14% after it acquired a controlling interest in Whisky Cask Club as part of its strategy to invest in businesses with high growth potential.</p><p>Meanwhile, <a href=\"https://laohu8.com/S/5E2.SI\">Seatrium Ltd</a> was down nearly 1% after the company delivered its fourth KFELS Super B Class jackup rig, &#34;Vali,&#34; to Borr Drilling about a year ahead of the planned delivery date.</p><p>Nio rose 2.6%, DBS rose 2.3%, OCBC rose 2%, SIA Engineering rose 1.3%, Singtel fell 1.3%.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Shares Close Higher as Non-Oil Domestic Exports Exceed Estimates; Nio Rises 3%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Shares Close Higher as Non-Oil Domestic Exports Exceed Estimates; Nio Rises 3%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-16 17:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore's stock market surged on Friday as higher exports of electronics and non-electronics items exceeded economist estimates for the country's non-oil domestic exports.The Straits Times Index (...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6105","symbol_name":"专卖店","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2459702295","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2459702295","pubTimestamp":1723802397,"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Singapore's stock market surged on Friday as higher exports of electronics and non-electronics items exceeded economist estimates for the country's non-oil domestic exports.The Straits Times Index (ST","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6105":"专卖店","STI.SI":"富时新加坡海峡指数","Y45.SI":"新利有限公司","BK6117":"房地产开发","BHD.SI":"中国矿业国际","BK6512":"房地产股","BK6516":"银行与投资服务概念"},"translate_title":"新加坡股市收高，非石油国内出口超出预期；蔚来上涨3%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BHD.SI":0.9,"Y45.SI":0.9,"STI.SI":0.72},"content_text":"Singapore's stock market surged on Friday as higher exports of electronics and non-electronics items exceeded economist estimates for the country's non-oil domestic exports.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,340.89 and 3,360.03 throughout the day. It ended the session at 3,352.89, up 37.16 points or 1.12% compared to Thursday's close.In economic news, Singapore's non-oil domestic exports surged 15.7% year on year in July, rebounding from June's 8.8% decline, according to data from Enterprise Singapore.In company news, shares of China Mining fell nearly 62% after the company narrowed its attributable loss to equity holders to 4.2 million yuan in the six months ended June 30 from 6.8 million yuan in the year-ago period.SMI Vantage plunged over 14% after it acquired a controlling interest in Whisky Cask Club as part of its strategy to invest in businesses with high growth potential.Meanwhile, Seatrium Ltd was down nearly 1% after the company delivered its fourth KFELS Super B Class jackup rig, \"Vali,\" to Borr Drilling about a year ahead of the planned delivery date.Nio rose 2.6%, DBS rose 2.3%, OCBC rose 2%, SIA Engineering rose 1.3%, Singtel fell 1.3%.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":6,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2459702295"}