Singapore Shares Rise Despite Regional Slump Over Inflation Worries

MT Newswires09-11 17:27

Singapore shares closed higher on Friday, despite negative regional sentiment over inflation worries driven by the perpetual geopolitical tensions.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,669.22 and 5,710.95 throughout the day. It ended the session at 5,695.93, up 6.18 points or 0.1% compared to Thursday's close.

On the corporate front, shares of HG Metal Manufacturing (SGX:BTG) closed over 3% lower as it received approval from Jurong Town on Sept. 9 for the proposed assignment of the lease for 47 Tuas View Circuit, Singapore.

SGX Group (SGX:S68) was down nearly 2% as its securities daily average value, or SDAV, jumped 35% year over year in August to about SG$2.2 billion.

Meanwhile, shares of APAC Realty (SGX:CLN) closed nearly 1% higher as it proposed to acquire the remaining shares in ERA Graharealty that it does not already own.

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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