Singapore Shares Retreat, Track Regional Losses as Markets Asses Fragile US-Iran Ceasefire

MT Newswires04-09

67Singapore shares closed lower on Thursday, tracking broader regional losses, with markets assessing the longevity of the US-Iran two-week ceasefire.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,974.34 and 5,009.89 throughout the day. It ended the session at 4,977.08, down 18.97 points or 0.4% compared to Wednesday's close.

Meanwhile, US President Donald Trump reiterated his resolve to keep its military assets around Iran until a "real agreement" is made ahead of the crunch talks in Islamabad, Pakistan.

In company news, shares of InnoTek (SGX:M14) were up nearly 5% at the close, with the company targeting to raise approximately SG$16 million through the placement of up to 24.6 million shares at SG$0.6506 per share.

CDW (SGX:BXE) was down over 4% as the precision components provider reported three consecutive years of pre-tax losses for its three most recent financial years.

Meanwhile, shares of Parkson Retail Asia (SGX:O9E, HKG:3368) closed nearly 2% higher as it proposed to renew its share purchase mandate at its 2025 annual general meeting.

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It ended the session at 4,977.08, down 18.97 points or 0.4% compared to Wednesday&#39;s close.</p><p>Meanwhile, US President Donald Trump reiterated his resolve to keep its military assets around Iran until a &#34;real agreement&#34; is made ahead of the crunch talks in Islamabad, Pakistan.</p><p>In company news, shares of InnoTek (SGX:M14) were up nearly 5% at the close, with the company targeting to raise approximately SG$16 million through the placement of up to 24.6 million shares at SG$0.6506 per share.</p><p><a href=\"https://laohu8.com/S/BXE.SI\">CDW</a> (SGX:BXE) was down over 4% as the precision components provider reported three consecutive years of pre-tax losses for its three most recent financial years.</p><p>Meanwhile, shares of <a href=\"https://laohu8.com/S/PKSGY\">Parkson Retail</a> Asia (SGX:O9E, HKG:3368) closed nearly 2% higher as it proposed to renew its share purchase mandate at its 2025 annual general meeting.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"O9E.SI","symbol_name":"百盛零售亚洲","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2626188690","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2626188690","pubTimestamp":1775727498,"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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