Singapore Shares Start Week in Black as Holiday Season Approaches; CSC Surges 11%
Singapore's stock market started the week on a positive note on Monday, following gains in the global markets on Friday driven by retail growth backed by the upcoming holiday shopping season.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 3,746.11 and 3,771.70 throughout the day. It ended the session at 3,751.35, up 12.06 points or 0.32% compared to Friday's close.In company news, shares of Nam Lee Pressed Metals surged nearly 13% on Monday's close, as the profit attributable to owners of the company soared to SG$9.7 million from SG$1.3 million a year earlier.CSC Holdings zoomed over 11% at the close, as the company launched a fifth series of its three-month commercial paper in digital securities, at an interest rate of 5.3% per annum.Meanwhile, shares of Boustead Singapore were up nearly 4% at the close after the property developer disclosed that it is exploring the "unlocking of value" from a freehold asset in a "prime location with potential u