Singapore Stocks Close Nearly 1% Lower, Tracking Regional Losses on Nvidia Jitters

MT Newswires11-13 17:33

Singapore stocks remained in the red on Friday, closing nearly 1% lower as they tracked broader regional losses amid investor anxiety over Nvidia's leadership crisis.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,218.23 and 5,272.34 throughout the day. It ended the session at 5,231.84, down 50.86 points or nearly 1% compared to Thursday's close.

In corporate news, Genting Singapore (SGX:G13) fell nearly 6% at market close, as it logged SG$54.7 million in net profit in the third quarter, compared with SG$94.6 million a year earlier.

TrickleStar (SGX:CYW) shares closed nearly 9% lower as it received a letter of demand from Navigos claiming 70,000 ringgit ($15,730) and $20,000 in advisory and consultancy fees.

First Resources (Singapore) (SGX:EB5) shares closed over 6% higher as it logged $122.7 million in underlying net profit for the third quarter, compared with $87.5 million a year earlier.

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