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%.

