Singapore Shares End Week Higher, Track Regional Gains; CNMC Goldmine Surges 10%

MT Newswires07-03 17:35

Singapore shares surged at the close on Friday, tracking regional gains, after a lukewarm US jobs report that could have the bearing on an imminent interest rate hike from the US Federal Reserve.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,197.02 and 5,244.29 throughout the day. It ended the session at 5,244.29, up 27.14 points or 0.5% compared to Thursday's close.

On the corporate front, shares of CNMC Goldmine (SGX:5TP) surged over 10% at the close as it secured an in-principle approval from the SGX-ST for a transfer to the Mainboard of the Singapore Exchange Securities Trading.

Elite UK REIT (SGX:MXNU) closed nearly 2% higher as it disposed of four properties in Wales, UK, for 6 million pounds sterling.

Meanwhile, Medi Lifestyle's (SGX:Z4D) rights issue at SG$0.02 per share closed on June 29, more than twice oversubscribed, with the health services company raising over SG$3.6 million.

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