Singapore Shares Start Week in Black as Holiday Season Approaches; CSC Surges 11%

MT Newswires12-02

Singapore's stock market started the week on a positive note on Monday, following gains in the global markets on Friday driven by retail growth backed by the upcoming holiday shopping season.

The STI.SI , a key benchmark for the Singapore Exchange, ranged between 3,746.11 and 3,771.70 throughout the day. It ended the session at 3,751.35, up 12.06 points or 0.32% compared to Friday's close.

In company news, shares of Nam Lee Metal surged nearly 13% on Monday's close, as the profit attributable to owners of the company soared to SG$9.7 million from SG$1.3 million a year earlier.

CSC zoomed over 11% at the close, as the company launched a fifth series of its three-month commercial paper in digital securities, at an interest rate of 5.3% per annum.

Meanwhile, shares of Boustead were up nearly 4% at the close after the property developer disclosed that it is exploring the "unlocking of value" from a freehold asset in a "prime location with potential upside from business travelers and the tourism industry."

CSC rose 11%, Yoma Strategic rose 3.1%, Genting Sing rose 2%, SIA Engineering rose 1.7%, Nio rose 1.1%.

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.

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MyoMyintYANG
12-02
MyoMyintYANG
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It ended the session at 3,751.35, up 12.06 points or 0.32% compared to Friday&#39;s close.</p><p>In company news, shares of  <a href=\"https://laohu8.com/S/G0I.SI\">Nam Lee Metal</a>  surged nearly 13% on Monday&#39;s close, as the profit attributable to owners of the company soared to SG$9.7 million from SG$1.3 million a year earlier.</p><p> <a href=\"https://laohu8.com/S/C06.SI\">CSC</a>  zoomed over 11% at the close, as the company launched a fifth series of its three-month commercial paper in digital securities, at an interest rate of 5.3% per annum.</p><p>Meanwhile, shares of  <a href=\"https://laohu8.com/S/F9D.SI\">Boustead</a>  were up nearly 4% at the close after the property developer disclosed that it is exploring the &#34;unlocking of value&#34; from a freehold asset in a &#34;prime location with potential upside from business travelers and the tourism industry.&#34;</p><p>CSC rose 11%, Yoma Strategic rose 3.1%, Genting Sing rose 2%, SIA Engineering rose 1.7%, Nio rose 1.1%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/122fbf43d87a7b3ea6f43c4070fefe31\" tg-width=\"378\" tg-height=\"776\"/></p><p></p><p></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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It ended the session at 3,751.35, up 12.06 points or 0.32% compared to Friday&#39;s close.</p><p>In company news, shares of  <a href=\"https://laohu8.com/S/G0I.SI\">Nam Lee Metal</a>  surged nearly 13% on Monday&#39;s close, as the profit attributable to owners of the company soared to SG$9.7 million from SG$1.3 million a year earlier.</p><p> <a href=\"https://laohu8.com/S/C06.SI\">CSC</a>  zoomed over 11% at the close, as the company launched a fifth series of its three-month commercial paper in digital securities, at an interest rate of 5.3% per annum.</p><p>Meanwhile, shares of  <a href=\"https://laohu8.com/S/F9D.SI\">Boustead</a>  were up nearly 4% at the close after the property developer disclosed that it is exploring the &#34;unlocking of value&#34; from a freehold asset in a &#34;prime location with potential upside from business travelers and the tourism industry.&#34;</p><p>CSC rose 11%, Yoma Strategic rose 3.1%, Genting Sing rose 2%, SIA Engineering rose 1.7%, Nio rose 1.1%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/122fbf43d87a7b3ea6f43c4070fefe31\" tg-width=\"378\" tg-height=\"776\"/></p><p></p><p></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK6045":"建筑与工程","BK6505":"周期性消费品与消费者服务","BK6520":"工商业服务概念","F9D.SI":"宝德新加坡","STI.SI":"富时新加坡海峡指数","G0I.SI":"南利压制金属","C06.SI":"振顺控股","BK6015":"建筑产品"},"source_url":"https://www.mtnewswires.com/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2488629268","content_text":"Singapore's stock market started the week on a positive note on Monday, following gains in the global markets on Friday driven by retail growth backed by the upcoming holiday shopping season.The  STI.SI , a key benchmark for the Singapore Exchange, ranged between 3,746.11 and 3,771.70 throughout the day. 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