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Singapore Shares Relatively Mute Following Christmas; GDS Global Up 3%

MT Newswires12-26 17:52

Singapore shares were marginally lower on Friday, with regional indices mixed as markets resumed business following the Christmas holiday.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,621.10 and 4,647.45 throughout the day. It ended the session at 4,636.15, down 0.19 points or 0% compared to Wednesday's close.

In economic news, Singapore's manufacturing output increased 14.3% year-on-year in November, backed by increased outputs from several clusters, according to data from EDB Singapore.

In corporate news, shares of GDS Global (SGX:5VP) were up nearly 3% at the close as it received a listing and quotation notice from the SGX, for the listing of around 60 million shares.

Keppel REIT's (SGX:K71U) shares were down nearly 1% after its subsidiary, Keppel REIT Fin. Company, secured three bridge loan facilities worth nearly SG$892.0 million.

Meanwhile, Raffles Education (SGX:NR7) was up nearly 1% at the close as it issued and allotted 11.5 million conversion shares at SG$0.065 per share to raise around SG$749,197.

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.

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