Singapore Shares End Flat as Manufacturing Output Rises; Nio Jumps 4.6%; Sembcorp, SingPost Rise over 2%

MT Newswires09-26

Singapore's stock market remained largely flat on Thursday as the country's manufacturing output went up in August, while the investors await key US inflation data.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,570.66 and 3,609.06 throughout the day. It ended the session at 3,582.23, down 1.04 points or 0.03% compared to Wednesday's close.

In economic news, Singapore's manufacturing output increase 21% year-on-year in August, while it rose 27.5% excluding the volatile biomedical manufacturing, according to data from EDB Singapore.

In company news, Nio rose 4.6%; Sembcorp, SingPost rose over 2%; SIA rose 1%.

shares of Livingstone Health were down over 3% after it allotted and issued 1,309,440 shares under its exercise of warrants.

SIA Engineering was up nearly 2% after its subsidiary, JADE Engineering, partnered with Singapore Polytechnic to launch a flammability test lab at the T18A of SP's Aero Hub Facility.

Meanwhile, OUE REIT was up over 3% after the trust filed for the listing of SG$180.0 million worth of 3.90% green bonds due 2031 on the Singapore bourse.

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