Singapore Shares Rise 1.2%. Oiltek up over 6%; UMS up over 4%; iFast up 3%; SGX, YZJ Fin Hldg, UOB, OCBC Bank up Around 2%; DBS up 1.6%

MT Newswires07-09 18:00

Singapore shares extended gains on Thursday despite a surge in oil prices following the resumption of hostilities in the Gulf.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,386.59 and 5,436.98 throughout the day. It ended the session at 5,433.88, up 64.31 points or 1.2% compared to Wednesday's close.

Oiltek up over 6%; UMS up over 4%; iFast, AEM SGD up around 3%; SGX, YZJ Fin Hldg, UOB, OCBC Bank up around 2%; DBS up 1.6%.

On the corporate front, shares of Hock Lian Seng (SGX:J2T) were down over 4% at the close with the company expecting to book an operating loss in the first half of the year, compared with a pre-tax profit of SG$10 million a year earlier.

AIMS APAC REIT (SGX:O5RU) closed nearly 1% lower as it agreed to acquire a freehold general industrial property in Western Australia for AU$42.7 million.

Meanwhile, shares of UI Boustead REIT (SGX:UIBU) were down nearly 1% at the close as it awarded a SG$2.6 million design and build contract to Boustead Projects E&C to convert its AUMOVIO Building Phase 3 to a multi-tenanted building.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment