Singapore Local Shares End Thursday in the Red; STI Down 0.9%

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Singapore Local Shares End Thursday in the Red; STI Down 0.9%

Business Times2023-02-09

THE furthereasing of pandemic-related restrictionsin Singapore did little to quell local traders’ worries about inflation levels and the slew of upcoming corporate financial results announcements.The ...

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On the wider bourse, daily turnover came in at 1.3 billion securities worth a total of S$976.9 million. Losers inched past gainers 276 to 274.Stock markets around the region mostly ended the trading session lower. The Nikkei 225 and Kospi each fell about 0.1 per cent, the Bursa was down 0.4 per cent, and the ASX 200 shed 0.5 per cent. The Hang Seng Index bucked the trend, adding 1.6 per cent.DFI Retail Group : D01 +3.73%, was among the Singapore Exchange’s top gainers on Thursday. It added 3.7 per cent or US$0.12 to US$3.34. Earlier in the day, UOB Kay Hianupgraded its call on the counter to “buy” from “hold”on expected better earnings momentum ahead, as well as a potential margin expansion given improving market and economic conditions.Thinly traded special purpose acquisition company (Spac)Pegasus : PGS +6.82%was another top gainer, adding 6.8 per cent or S$0.30 to S$4.70. 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