• 4
  • Comment
  • Favorite

Singapore Shares Close Mute as Cooling US Inflation Data Boosts Interest Rate Cut Hope

MT Newswires12-19 18:20

Singapore shares closed marginally lower on Friday, despite regional gains, as investors' hopes for a U.S. Federal Reserve decision to cut interest rates were boosted by cooling U.S. inflation data.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,567.77 and 4,587.64 throughout the day. It ended the session at 4,569.78, down 0.83 points or 0.02% compared with Thursday's close.

In corporate news, Ever Glory United (SGX:ZKX) was up nearly 4% at the close as the company allotted and issued 2 million shares at SG$0.64 apiece.

Keppel REIT (SGX:K71U) shares were up over 2% as the firm completed the acquisition of a 75% stake in Top Ryde City Shopping Centre in Sydney, Australia.

STI fell 0.1%; CityDev up 4%; SIA Engineering, UOL, Nio up 2%; Golden Agri-Res fell 4%; YZJ Shipbldg fell 3%.

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.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24