Singapore shares closed the week in red, amid a mixed performance in regional indices, with investors hoping for more interest rate cuts in the future. The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ended 0.96% lower to 4,302.71 points compared to last week.
In terms of individual stocks, Sri Trang Gloves rose 64%; NIO Inc. USD OV rose over 20%; CATL HK SDR 30to1 and SMIC HK SDR 5to1 up 10%; Meituan HK SDR 5to1 up 9%; Prudential USD down 11%; Golden Agri-Res down 7%; Centurion down 5%; HPH Trust USD and Gulf Dev TH SDR 1to1 down 4%.
Sri Trang Gloves approves share buyback of up to S$57 million
Sri Trang Gloves (Thailand) Public Company Limited (STGT) announced that its board has authorised a share repurchase programme for financial-management purposes.
The company plans to buy back up to 220 million shares, representing 7.68% of its paid-up capital, via automated order matching on the Stock Exchange of Thailand from Sep, 22 2025 to Mar, 20 2026.
Deutsche Bank Says NIO Receives Around 100,000 Cancellable ES8 Orders
NIO is seeing fresh success with its third-generation ES8 SUV (sport utility vehicle), and Wall Street is excited about it.
The ES8 has received about 100,000 cancellable orders to date, Deutsche Bank said in a research note today, citing its dealer check.
CATL Hits New High as Policy Powers Up Chinese Auto, Battery Stocks
China's plans to boost energy storage and support its auto industry spurred a rally in sector stocks, sending shares of the world's largest electric-vehicle battery maker to new heights.
The gains followed the government's announcement last Friday that it will invest 250 billion yuan, equivalent to about $35.09 billion, in the energy-storage sector through 2027.
Prudential Announces Share Repurchase and Cancellation
Prudential plc has repurchased 285,813 of its ordinary shares from Merrill Lynch International, with plans to cancel these shares. This transaction, conducted under the authority granted at the 2025 Annual General Meeting, will adjust the total number of shares and voting rights, potentially impacting shareholder notifications under the FCA’s rules.