Singapore Shares Extend Gains as Amid Drop in Fuel Prices

MT Newswires06-25 17:31

Singapore shares extended further gains on Thursday, tracking gains across the region as the US oil prices fell to their lowest level since the start of the US-Iran war, giving way to optimism.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,212.69 and 5,232.64 throughout the day. It ended the session at 5,218.96, up 2.97 points or 0.1% compared to Wednesday's close.

On the corporate front, shares of Frasers Property (SGX:TQ5) were up nearly 2% at the close with the property developer proposing an optimization of its portfolio involving around SG$2.1 billion worth of assets.

Elite UK REIT (SGX:MXNU) were down over 3% as it issued 25 million private placement units at 0.296 pounds sterling per unit.

Meanwhile, GRP (SGX:BLU) subsidiary, Ratus Nautika, is facing new legal proceedings initiated by Energiser Enterprise for "further damages," following a settlement more than two months ago.

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