Singapore Shares Stays Flat; Silverlake Axis Rises 23%; Asia-Pacific Strategic Investment Surges 100%
Singapore's stock market closed marginally higher on Tuesday after Wall Street closed mixed following US Federal Reserve's Jerome Powell's confirming his preference towards interest cut rates in September.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 3,383.32 and 3,401.22 throughout the day. It ended the session at 3,398.47, up 2.44 points or 0.07% compared to Monday's close.In company news, shares of Asia-Pacific Strategic Investments surged 100% after the company's loss attributable to equity holders was down 55% year over year to SG$895,000 in the six months ended June 30, from an attributable loss of SG$2.0 million.Chuan Hup's shares were up over 4% after the company's profit attributable to equity holders for the year ended June 30 was down 66% year over year to $2.0 million from $5.8 million.Meanwhile, Thomson Medical Group's profit attributable to owners was down 2.5% year over year to SG$13.4 million in the six months ended June 30, fro