Singapore Shares End Week in Red Despite Gains in Global Markets; NIO Rises 5%

MT Newswires09-27

Singapore's stock market closed lower on Friday to end the week in red despite overnight gains in global markets.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,559.86 and 3,583.60 throughout the day. It ended the session at 3,573.36, down 8.87 points or 0.25% compared to Friday's close.

In economic news, The Asian Development Bank lifted its 2024 economic outlook for Singapore, thanks to an increase in demand for electronic goods and financial services.

In company news, Nio rose 5%; Keppel jumped 1.4%; DBS Group fell 1.8%.

Shares of Fuxin China were down nearly 4% on Friday's close after the company reduced its issued and paid-up share capital by SG$87.1 million as part of the company's proposed capital reorganization.

Ascent Bridge was down to nearly 1% after the company outlined plans to place 17.4 million new ordinary shares at SG$0.14 per share, raising nearly SG$2.4 million.

Meanwhile, shares of Rex International Holding were down nearly 3% after the oil and gas firm finalized a share swap agreement, acquiring a 46.67% stake in Xer Technologies through its subsidiaries, Rex International Investments, and Rex Technology Investments.

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

3

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2470772280?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-27 18:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2470772280","market":"sg","top_or_hot":-1,"title":"Singapore Shares End Week in Red Despite Gains in Global Markets; NIO Rises 5%","media":"MT Newswires","content":"<html><head></head><body><p>Singapore&#39;s stock market closed lower on Friday to end the week in red despite overnight gains in global markets.</p><p>The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,559.86 and 3,583.60 throughout the day. It ended the session at 3,573.36, down 8.87 points or 0.25% compared to Friday&#39;s close.</p><p>In economic news, The Asian Development Bank lifted its 2024 economic outlook for Singapore, thanks to an increase in demand for electronic goods and financial services.</p><p>In company news, <a href=\"https://laohu8.com/S/NIO.SI\">Nio</a> rose 5%; <a href=\"https://laohu8.com/S/BN4.SI\">Keppel</a> jumped 1.4%; <a href=\"https://laohu8.com/S/D05.SI\">DBS Group</a> fell 1.8%.</p><p>Shares of <a href=\"https://laohu8.com/S/AWK.SI\">Fuxin China</a> were down nearly 4% on Friday&#39;s close after the company reduced its issued and paid-up share capital by SG$87.1 million as part of the company&#39;s proposed capital reorganization.</p><p><a href=\"https://laohu8.com/S/AWG.SI\">Ascent Bridge</a> was down to nearly 1% after the company outlined plans to place 17.4 million new ordinary shares at SG$0.14 per share, raising nearly SG$2.4 million.</p><p>Meanwhile, shares of <a href=\"https://laohu8.com/S/5WH.SI\">Rex International Holding</a> were down nearly 3% after the oil and gas firm finalized a share swap agreement, acquiring a 46.67% stake in Xer Technologies through its subsidiaries, Rex International Investments, and Rex Technology Investments.</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 End Week in Red Despite Gains in Global Markets; NIO Rises 5%</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 End Week in Red Despite Gains in Global Markets; NIO Rises 5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-27 18:03 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 closed lower on Friday to end the week in red despite overnight gains in global markets.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged ...</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":"NIO.SI","symbol_name":"蔚来","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2470772280","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470772280","pubTimestamp":1727431432,"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 closed lower on Friday to end the week in red despite overnight gains in global markets.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged betwe","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NIO.SI":"蔚来","AWK.SI":"福兴","BK6507":"矿产资源股","BK6522":"化石燃料股","STI.SI":"富时新加坡海峡指数","BN4.SI":"吉宝有限公司","AWG.SI":"礼仕时","5WH.SI":"REX国际","BK6107":"服装、服饰与奢侈品","BK6056":"纺织品","BK6068":"铝","D05.SI":"星展集团控股","BK6505":"周期性消费品与消费者服务","BK6088":"石油天然气设备与服务"},"translate_title":"尽管全球市场上涨，新加坡股市本周仍下跌；蔚来汽车上涨5%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BN4.SI":1.1,"D05.SI":1.1,"NIO.SI":1.1,"5WH.SI":0.9,"AWG.SI":0.9,"AWK.SI":0.9,"STI.SI":0.73},"content_text":"Singapore's stock market closed lower on Friday to end the week in red despite overnight gains in global markets.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,559.86 and 3,583.60 throughout the day. It ended the session at 3,573.36, down 8.87 points or 0.25% compared to Friday's close.In economic news, The Asian Development Bank lifted its 2024 economic outlook for Singapore, thanks to an increase in demand for electronic goods and financial services.In company news, Nio rose 5%; Keppel jumped 1.4%; DBS Group fell 1.8%.Shares of Fuxin China were down nearly 4% on Friday's close after the company reduced its issued and paid-up share capital by SG$87.1 million as part of the company's proposed capital reorganization.Ascent Bridge was down to nearly 1% after the company outlined plans to place 17.4 million new ordinary shares at SG$0.14 per share, raising nearly SG$2.4 million.Meanwhile, shares of Rex International Holding were down nearly 3% after the oil and gas firm finalized a share swap agreement, acquiring a 46.67% stake in Xer Technologies through its subsidiaries, Rex International Investments, and Rex Technology Investments.","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":3,"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/2470772280"}