Singapore Shares Register Further Gains. Hong Leong Asia up 4%; HPH Trust, YZJ Shipbldg up over 2%; Keppel, DBS Group up over 1%; SIA Engeering down 1%

MT Newswires08-06

Singapore shares remained in the green zone on Wednesday, tracking regional gains, despite US President Donald Trump's warning of fresh levies on the pharmaceutical and chip-manufacturing sectors.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,198.55 and 4,229.23 throughout the day. It ended the session at 4,227.70, up 19.12 points or 0.45% compared to Tuesday's close.

Hong Leong Asia up 4%; HPH Trust, YZJ Shipbldg up over 2%; Keppel, DBS Group up over 1%; SIA Engeering down 1%.

In company news, shares of Koh Brothers Eco Engineering zoomed nearly 22% at the close with the company expecting to book a net profit for the first half of the year.

Shares of EuroSports Global plunged over 11% after a court in Singapore charged the company's executive chairman and CEO, Goh Kim San, for multiple offenses under the Securities and Futures Act.

Meanwhile, shares of Rex International were up over 3% as its indirect 80.14% subsidiary Lime Petroleum, through the operator of PL740 Bestla, spudded another production well in Norway.

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  • JCKBaci
    08-06
    JCKBaci
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