Singapore's Shares Marginally Down as Fed Reserve Keeps Interest Rate Unchanged

MT Newswires
2小时前

Singapore shares were marginally down on Thursday, despite the US Federal Reserve deciding to keep the interest rate unchanged.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,394.71 and 5,439.50 throughout the day. It ended the session at 5,396.03, down 1.88 points or 0.03% compared to Wednesday's close.

On the corporate front, shares of China Kunda Technology (SGX:GU5) closed over 6% higher with the company expecting to return to profitability and book a net profit for the fiscal first half ended Sept. 30.

Far East Hospitality Trust (SGX:Q5T) closed over 1% higher as it reported income available for distribution of SG$20.2 million in the third quarter.

Meanwhile, shares of Mapletree Logistics Trust (SGX:M44U) closed nearly 1% higher as it outlined plans to redevelop its warehouses in Changi South into a five-story Grade A ramp-up warehouse.

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