Singapore Shares Return to Green Mirroring Upbeat Trend Across Asian Markets

MT Newswires2025-05-09

Singapore shares erased yesterday's losses to end the week in green, mirroring a broader upbeat trend across Asian markets, as investors are hopeful that Washington will soon reach a trade deal with China.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,854.72 and 3,879.56 throughout the day. It ended the session at 3,876.16, up 27.94 points or 0.73% compared to Thursday's close.

In company news, shares of ST Engineering (SGX:S63) were up nearly 2% at the close, as the company's revenue jumped 4% to SG$446 million during the first quarter of the year from SG$429 million a year earlier.

Sembcorp Industries (SGX:U96) was up over 1% after the company and Aster Chemicals and Energy signed a new energy and utilities collaboration worth SG$650 million.

Meanwhile, shares of Frasers Property (SGX:TQ5) edged up by nearly 1%, as the developer's attributable profit to owners of the company jumped 148% for six months ended March 31 to SG$142.2 million, from SG$57.4 million a year earlier.

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It ended the session at 3,876.16, up 27.94 points or 0.73% compared to Thursday&#39;s close.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c3ae8ae5f0da7932af4165efba3cc3db\" tg-width=\"333\" tg-height=\"435\"/></p><p>In company news, shares of ST Engineering (SGX:S63) were up nearly 2% at the close, as the company&#39;s revenue jumped 4% to SG$446 million during the first quarter of the year from SG$429 million a year earlier.</p><p>Sembcorp Industries (SGX:U96) was up over 1% after the company and Aster Chemicals and Energy signed a new energy and utilities collaboration worth SG$650 million.</p><p>Meanwhile, shares of Frasers Property (SGX:TQ5) edged up by nearly 1%, as the developer&#39;s attributable profit to owners of the company jumped 148% for six months ended March 31 to SG$142.2 million, from SG$57.4 million a year earlier.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6512","symbol_name":"房地产股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2534417122","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534417122","pubTimestamp":1746784445,"columns":[],"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. 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