Singapore Shares Plummet Tracking Global Losses; CICT Slips 3% on Closing of Private Placement

MT Newswires09-04

Singapore's stock market crashed on Wednesday, falling more than 1% at close, tracking overnight losses in global markets.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,412.47 and 3,442.27 throughout the day. It ended the session at 3,441.38, up 38.96 points or 1.12% compared to Tuesday's close.

In economic news, Singapore's private sector continued its expansion in August, with the S&P Global Singapore PMI rising to 57.6 from 57.2 in July, marking the fastest rate of growth since October 2022.

In company news, CapitaLand Integrated Commercial Trust (SGX:C38U) was down over 3% after it closed its private placement of 171,737,000 units.

Shares of Wilton Resources (SGX:5F7) surged over 22% after the company revealed that the pricing and supply of cyanide have started to normalize, allowing the company to achieve a production capacity of 300 tonnes of gold dore.

Meanwhile, Boutique real estate and hospitality firm Heeton Holdings (SGX:5DP) was down nearly 2% after the company acquired the Capri by Fraser Changi City via a joint venture consortium.

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