Singapore Shares Track Wall Street Gains to Close Higher; Nio Rises 4%

MT Newswires09-11

Singapore's stocks rose on Wednesday, further improving on a 52-week intraday high on Tuesday, mirroring overnight gains in Wall Street.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,517.56 and 3,536.12 throughout the day. It ended the session at 3,531.17, up 18.5 points or 0.53% compared to yesterday's close.

In company news, Duty Free International's (SGX:5SO) shares surged nearly 13% on Wednesday's close after its wholly owned subsidiary, Kelana Megah, entered into a conditional agreement with Chin Him Property for the joint development of a parcel of leasehold land in Malaysia.

Sabana REIT (SGX:M1GU) shares were up over 1% after it onboarded a new tenant, an interior products manufacturer, at the Sabana@1TA4.

Del Monte Pacific's (SGX:D03) closed 1% higher even though the company posted a wider net loss attributable to owners in fiscal Q1.

Centurion rose 5.2%, Nio rose 3.7%, SingPost rose 2.3%; CSC fell 11.1%, YZJ Shipbldg fell 2%, OUE fell 1.9%.

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