Singapore Shares Close Shy of 5,000 Milestone as Islamabad Peace Talks Boost Sentiment

MT Newswires04-10

Singapore shares recorded gains on Friday to end the week in green, as the Asian market reacted positively to a tentative geopolitical de-escalation in the Middle East ahead of the highly anticipated talks between the US and Iran in Islamabad.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,973.10 and 4,999.30 throughout the day. It ended the session at 4,989.41, up 12.33 points or nearly 0.3% compared to Thursday's close.

On the corporate front, shares of BH Global (SGX:BQN) were down nearly 7% at the close as it proposed to renew its share buyback mandate.

Metis Energy (SGX:L02) closed over 2% higher as it reported three consecutive years of pre-tax losses for its three most recent financial years.

Meanwhile, shares of City Developments (SGX:C09) were nearly flat as it established a SG$2 billion multicurrency perpetual bonds issuance program.

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DEsmond
04-10
DEsmond
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It ended the session at 4,989.41, up 12.33 points or nearly 0.3% compared to Thursday&#39;s close.</p><p>On the corporate front, shares of BH Global (SGX:BQN) were down nearly 7% at the close as it proposed to renew its share buyback mandate.</p><p>Metis Energy (SGX:L02) closed over 2% higher as it 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/C09.SI\">City Developments</a> (SGX:C09) were nearly flat as it established a SG$2 billion multicurrency perpetual bonds issuance program.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"L02.SI":"Metis Energy - watch list","C09.SI":"城市发展","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","BK6504":"工业制品概念","BK6023":"电气部件与设备","BK6512":"房地产股","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","SGXZ43160589.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) ACC","STI.SI":"富时新加坡海峡指数","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","BK6500":"公用股","BK6098":"多样化房地产活动","BK6004":"海运","BQN.SI":"明辉环球企业","SGXZ24219693.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) INC"},"source_url":"https://www.mtnewswires.com/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2626209195","content_text":"Singapore shares recorded gains on Friday to end the week in green, as the Asian market reacted positively to a tentative geopolitical de-escalation in the Middle East ahead of the highly anticipated talks between the US and Iran in Islamabad.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,973.10 and 4,999.30 throughout the day. 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