Singapore Shares Rise, Mirroring Regional Advances Amidst Wall Street Gains

MT Newswires12-22 17:58

Singapore's stock market opened the week positively, reflecting regional growth, Wall Street tech gains, and rising year-end confidence.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,590.97 and 4,613.82 throughout the day. It ended the session at 4,610.29, up 40.51 points or 0.9% compared to Friday's close.

In corporate news, Seatrium's (SGX:5E2) shares were up nearly 3% at the close, as its subsidiary, Seatrium Energy (International), reached an agreement to deliver a wind turbine installation vessel to Phoenix II A/S, an affiliate of Maersk Offshore Wind, by Feb. 28, 2026, after resolving a dispute.

Shares of Attika (SGX:53W) were down over 5% at the close, as the company utilized over SG$1.3 million from the proceeds raised from its initial public offering for general working capital and property business.

Meanwhile, Hong Kong Sheng Yuan closed its unconditional mandatory cash offer to acquire all shares of China Kangda Food (SGX:P74, HKG:0834) that it does not already own on Dec. 19.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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