Singapore Shares Close Lower as Trump Admin Unveils Iran War Estimates

MT Newswires

03/12

Singapore stocks incurred losses on Thursday, tracking regional gains with US President, Donald Trump's admin estimating a cost of around $11.3 billion in the first six days of its war on Iran.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,819.62 and 4,869.45 throughout the day. It ended the session at 4,855.33, down 8.48 points or 0.17% compared to Wednesday's close.

In corporate news, shares of UI Boustead REIT (SGX:UIBU) closed nearly 9% lower as it made its debut on the Singapore Exchange on Thursday, opening at SG$0.805 per share, below its IPO price of SG$0.88 per share.

Shares of RH PetroGas (SGX:T13) were up nearly 7% at the close as it enlisted the services of AiRTS to design and build a system to allow oversight of its procurement operations through AI.

Meanwhile, Serial System (SGX:S69) closed nearly 3% higher as it agreed to issue around 21.0 million shares in its subsidiary, Serial Achieva (SGX:XHV), to UFCT Technology at a price of SG$0.22 per share to raise around SG$4.6 million.

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It ended the session at 4,855.33, down 8.48 points or 0.17% compared to Wednesday&#39;s close.</p><p>In corporate news, shares of UI Boustead REIT (SGX:UIBU) closed nearly 9% lower as it made its debut on the Singapore Exchange on Thursday, opening at SG$0.805 per share, below its IPO price of SG$0.88 per share.</p><p>Shares of RH PetroGas (SGX:T13) were up nearly 7% at the close as it enlisted the services of AiRTS to design and build a system to allow oversight of its procurement operations through AI.</p><p>Meanwhile, Serial System (SGX:S69) closed nearly 3% higher as it agreed to issue around 21.0 million shares in its subsidiary, Serial Achieva (SGX:XHV), to UFCT Technology at a price of SG$0.22 per share to raise around SG$4.6 million.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e042854397e0d6e8052dc831d78d3aed\" tg-width=\"478\" tg-height=\"672\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UIBU.SI","symbol_name":"UIBREIT","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2618180388","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2618180388","pubTimestamp":1773309600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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