Singapore Shares Close Week Higher as US Trade Fears Grow; XHM Surges 53%; Top Glove Jumps 8%

MT Newswires2024-12-13

Singapore's stock market closed higher on Friday even as the region continues to anticipate impending trade tensions between US and China.

The Straits Times Index (STI) ranged between 3,797.95 and 3,821.16 throughout the day. It ended the session at 3,810.35, up 1.08 points or 0.03% compared to Thursday's close.

In company news, shares of XMH Holdings (SGX:BQF) surged over 53% after the company's profit attributable to owners of the company surged 95% in the fiscal first half ended Oct. 31 to SG$12.6 million from SG$5.1 million a year earlier.

Singapore Institute of Advanced Medicine (SGX:9G2) was down nearly 26% after it decided to form a strategic review committee (SRC) to improve the utilization of its proton beam and photon radiation therapy facilities.

Top Glove (SGX:BVA, KLSE:TOPGLOV) was up nearly 8% at the close after it reported a lower loss attributable to owners of the parent for the year ended Aug. 31 of 64.9 million ringgit, compared to 925.2 million ringgit a year earlier.

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