Singapore Shares Fall Bucking Global Gains; Nio Shares Jump 4%

MT Newswires10-10

Singapore's stock market fell on Thursday despite overnight gains in the global market, amid continued tensions in the Middle East.

The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 3,578.48 and 3,620.78 throughout the day. It ended the session at 3,585.29, down 10.37 points or 0.29% compared to Wednesday's close.

In company news, shares of Santak surged over 7% after the company said that its non-executive chairman, Lee Keen Whye, will retire from the role effective Oct. 30.

Top Top Glove's shares were down nearly 5% in Singapore at the close after the company reduced its loss attributable to owners to 3.6 million ringgit in the quarter ended Aug. 31 from an attributable loss of 461.7 million ringgit in the year-ago period.

Meanwhile, NoonTalk Media entered into a loan agreement with Chief Executive Officer Desmond Koh Chin Eng for an interest free loan of SG$2.0 million.

NIO Inc. rose 4%, SingPost rose 2%, SATS LTD. rose 1%; Yoma Strategic fell 3.4%, YZJ Shipbldg SGD fell 2.7%, Seatrium Ltd fell 1%.

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