Singapore Shares Sink Amid Russia-Ukraine Impasse

MT Newswires
08/18

Singapore shares continued sinking on Monday, as the meeting between US President Donald Trump and Russian President, Vladimir Putin failed to yield a positive outcome on a potential ceasefire in Ukraine. Ok lopll lol lo lo op

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,187.38 and 4,236.49 throughout the day. It ended the session at 4,187.38, down 43.15 points or 1.02% compared to Friday's close.

In economic news, Singapore's non-oil domestic exports or NODX, declined by 4.6% year over year in July, following a 12.9% expansion in the previous month, according to data released by Enterprise Singapore.

In company news, shares of Frasers Logistics & Commercial Trust (SGX:BUOU) were up over 1% at the close as it issued SG$100 million worth of 2.45% fixed-rate bonds due 2034.

OIltek International (SGX:HQU) was down nearly 4% despite securing new contracts worth around 74.3 million Malaysian ringgit across Malaysia, Indonesia and Pakistan.

Meanwhile, CapitaLand Ascendas REIT (SGX:A17U) was down under 1% as it agreed to divest five industrial and logistics properties across Singapore for a total consideration of SG$329 million.

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