Singapore Shares Remain in Red; Lippo Mall Indonesian Retail Trust Surges 64%

MT Newswires07-29

Singapore shares continued to fall on Tuesday after the city-state's import and export prices, along with the manufactured products index, fell in June.

The Straits Times Index ranged between 4,214.38 and 4,238.42 throughout the day. It ended the session at 4,229.41, down 11.73 points or 0.28% compared to Monday's close.

In economic news, Singapore's import price index fell 6.5% year on year in June, extending an 8.2% decrease in the preceding month, according to data released by the statistics department.

Meanwhile, Singapore's manufactured products price index fell 0.1% year over year in June, reversing a 1.1% gain in May.

In company news, shares of Lippo Malls Tr surged over 64% at the close, even after the trust's second-quarter net property income dropped 1% year over year to SG$29.1 million from SG$29.4 million.

GKE's (SGX:595) shares were up nearly 8% after the company's attributable profit in fiscal H2 jumped 85% to SG$4.4 million from SG$2.4 million a year earlier.

Meanwhile, shares of KepPacOakReitUSD closed 4% lower after the REIT's income available for distribution to unitholders dropped 16.2% to $19.9 million in the first half of 2025 from $23.8 million a year earlier.

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