Singapore Shares Slip to Red Despite Global Gains; NIO Rallies 10.7%

MT Newswires09-24

Singapore's stock market started the day in the positive territory, following overnight gains in the global markets, before slipping into the negative territory at the close.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,622.74 and 3,652.62 throughout the day. It ended the session at 3,622.74, down 15.80 points or 0.43% compared to Monday's close.

In company news, Nio rallied 10.7%; SingPost fell over 2%; DBS Group dropped 1.6%.

Shares of COSCO Shipping International closed more than 2% higher after the company revealed that it is set to launch the phase 2 of the Cogent Jurong Island Logistics Hub through its subsidiary Cogent Holdings.

Shares of Livingstone Health rose over 3% on Tueday's close after the healthcare company allotted and issued 610,000 shares pursuant to the exercise of warrants.

Meanwhile, $Rex International(5WH.SI)'s subsidiary, Lime Petroleum agreed to acquire a 15% stake in Norway's Yme oil field from OKEA for $15.7 million post-tax.

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