Singapore Shares Start Week in Green. OCBC Bank, DBS Group Rise over 1%; Top Glove, Keppel DC Reit Fall over 3%

MT Newswires2024-12-16

Singapore's stocks started the week in green, despite mixed performances in the regional markets. Meanwhile, US stocks ended flat in a subdued session on Friday.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,807.40 and 3,824.16 throughout the day. It ended the session at 3,821.03, up 10.68 points or 0.28% compared to Friday's close.

OCBC Bank, DBS Group rose over 1%; Top Glove, Keppel DC Reit fell over 3%; SingPost fell 2.6%; NIO fell 1%.

Shares of First Ship Lease Trust were up over 2% as its wholly-owned subsidiary, FSL-1, signed a memorandum of agreement to sell DWT product tanker Cumbrian Fisher to an unnamed buyer.

CapitaLand Investment was down nearly 1% at the close as the company revealed that it will acquire the property and corporate credit investment management business of Australia-based Wingate Group for AU$200 million.

Meanwhile, shares of KSH Holdings were up over 1% at the close after it bought back 100,000 shares in the open market on Friday for SG$19,567 or SG$0.195 a piece.

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