Singapore Shares End Week in Green Over Interest Rate Cut Optimism; OxPay Financial Surges 15%

MT Newswires
2025/11/28

Singapore shares extended further gains on Friday to end the week in green, as investors remained hopeful about the US Federal Reserve's interest rate rate cut next month.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,523.87 and 4,534.71 throughout the day. It ended the session at 4,523.96, up 14.62 points or 0.32% compared to Thursday's close.

In economic news, Singapore's Export Price Index fell 3.7% year on year in October, extending the 3.2% slump in the preceding month, the city-state's Department of Statistics.

Meanwhile, Singapore's Manufactured Products Price Index rose 6.9% year over year in October, extending the 7.3% increase in the preceding month.

In corporate news, shares of OxPay Financial (SGX:TVV) surged nearly 15% at the close, as it secured in-principle approval for a financial services license from the Gelephu Financial Services Office to provide regulatory money services in or from Gelephu Mindfulness City in Bhutan.

EuroSports Global (SGX:5G1) was down over 5% as it agreed to extend the date to complete its share increase in Prosper Auto.

Meanwhile, shares of Zixin (SGX:42W) were down nearly 3%, as it allotted and issued 194.5 million shares after receiving notices from investors regarding their intention to exercise the company options to subscribe for shares under the share option agreement at SG$0.030 per share.

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