Singapore Shares End Higher Despite Weaker Exports in November; CSE Global Down 5%, ISDN Down 1.6%

MT Newswires

2024/12/27

Singapore's stock market closed higher on Friday despite the city-state reporting a decline in its export price indices for November.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,762.93 and 3,785.21 throughout the day. It ended the session at 3,771.63, up 10.18 points or 0.27% compared to Thursday's close.

In economic news, Singapore's export price index slipped 5.0% year on year in November, extending the 8.4% fall in the previous month. The non-oil index slid 3.4%, while the oil index plunged 11.7% on year.

Meanwhile, Singapore's import price index also fell 5.1% year on year last month, extending the 6.5% drop in the preceding month.

Singapore's domestic supply price index (DSPI) fell 3% year over year in November, marking the fourth consecutive month of decline but easing from the 5.1% decrease in October.

In company news, shares of CSE Global (SGX:544) plunged over 5% after its wholly owned subsidiary, CSE W-Industries, started the process of filing legal proceedings against a client in Texas.

ISDN Holdings (SGX:I07, HKG:1656) was down nearly 2% after it completed the liquidation of its indirectly wholly-owned subsidiary, Shenzhen Servo Dynamics.

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It ended the session at 3,771.63, up 10.18 points or 0.27% compared to Thursday&#39;s close.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d5f01ab42ecb747f032e112bb765cc6c\" tg-width=\"303\" tg-height=\"666\"/></p><p>In economic news, Singapore&#39;s export price index slipped 5.0% year on year in November, extending the 8.4% fall in the previous month. The non-oil index slid 3.4%, while the oil index plunged 11.7% on year.</p><p>Meanwhile, Singapore&#39;s import price index also fell 5.1% year on year last month, extending the 6.5% drop in the preceding month.</p><p>Singapore&#39;s domestic supply price index (DSPI) fell 3% year over year in November, marking the fourth consecutive month of decline but easing from the 5.1% decrease in October.</p><p>In company news, shares of CSE Global (SGX:544) plunged over 5% after its wholly owned subsidiary, CSE W-Industries, started the process of filing legal proceedings against a client in Texas.</p><p>ISDN Holdings (SGX:I07, HKG:1656) was down nearly 2% after it completed the liquidation of its indirectly wholly-owned subsidiary, Shenzhen Servo Dynamics.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6516","symbol_name":"銀行與投資服務概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2494872993","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2494872993","pubTimestamp":1735292902,"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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