Singapore Shares End Flat; Wilton Resources Falls 8%

MT Newswires17:52

Singapore shares closed Thursday's session little changed, as investors turned cautious while awaiting a breakthrough in the Middle East conflict.

The Straits Times Index ranged between 5,028.90 and 5,073.11 throughout the day. It ended the session marginally higher at 5,045.71.

On the corporate front, shares of Wilton Resources (SGX:5F7) closed nearly 8% lower as it entered into a deed of settlement with Karl Hoffmann Mineral to resolve their financial disputes.

Singtel (SGX:Z74) closed 6% lower after the telco reported a decline in its attributable profit to SG$2.20 billion in the fiscal second half ended March 31 from SG$2.79 billion a year earlier.

Meanwhile, Raffles Education (SGX:NR7) gained 1% after the High Court of Singapore issued a first-tranche ruling in favor of its subsidiary, Raffles Assets (Singapore), in a lawsuit filed by NPS International School.

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