Singapore Shares Start Week Strongly, Mirror Regional Gains; ISDN Up 6%

MT Newswires

07-21

Singapore shares continued their winning streak on Monday, tracking regional gains as countries look to strike US trade deals before the Aug. 1 deadline.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,195.98 and 4,225.79 throughout the day. It ended the session at 4,207.13, up 17.63 points or 0.42% compared to Friday's close.

In company news, shares of ISDN (SGX:I07) jumped over 6% at the close after the company entered into a strategic joint sales agreement with Harmonic Drive Systems through its subsidiary, Servo Dynamics.

Shares of Oiltek International (SGX:HQU) were up nearly 3% as it proposed a secondary listing of its entire issued shares on the main market of Bursa Malaysia.

Meanwhile, shares of Nera Telecommunications (SGX:N01) were down over 2% with the company expecting to book a net loss for the first half of the fiscal year ended June 30.

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