Singapore Shares Recover to Surge Amid Hopes of De-Escalation in the Middle East; Global Invacom Surges 23%

MT Newswires03-24

Singapore shares surged on Tuesday, tracking regional gains as recent developments signaled a potential resolution to the conflict in the Middle East.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,829.57 and 4,882.10 throughout the day. It ended the session at 4,862.43, up 21.13 points or 0.4% compared to Monday's close.

While US President, Donald Trump, claimed to have held discussions with the Iranian regime to broker peace, Tehran denied the claims.

On the corporate front, shares of Global Invacom Group (SGX:QS9) surged nearly 23% at the close as its subsidiary, Global Invacom Limited, signed a memorandum of understanding with Satwave Arrays to produce a multi-orbit flat panel antenna for Ka/Ku-band.

Aoxin Q & M Dental (SGX:1D4) was down nearly 7%, with the dental services provider set to close one of its hospitals in China, the Panjin Aoxin Quanmin Stomatology Hospital, following the expiry of its lease in April.

Meanwhile, shares of Lendlease Global Commercial REIT (SGX:JYEU) were nearly 2% lower as it amended and restated a SG$120 million facility, converting it into a sustainability-linked facility.

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.

Comments

  • Daniel88995558
    03-24
    Daniel88995558
    Share your opinion about this news…
Leave a comment
1
1