Singapore shares rose slightly on Friday following the previous day's US bond-fueled sell-off. Meanwhile, the city-state reported higher inflation in April, mirroring gains across most regional markets.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,865.93 and 3,894.65 throughout the day. It ended the session at 3,882.42, up 2.33 points or 0.06% compared to Thursday's close.
In economic news, Singapore's MAS core inflation, which excludes the cost of accommodation and private transport, rose to 0.7% year on year in April, from 0.5% in March, due to higher inflation across services and food sector, according to a joint release by the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry.
In company news, shares of Meta Health (SGX:5DX) surged 20% at the close, as the company agreed to issue 20 million shares to the company's chief medical officer, Bernard Ng Kee Huat, at SG$0.008 per share.
Yangzijiang Shipbuilding (SGX:BS6) shares were down over 5%, as the company secured orders worth $290 million so far in 2025.
Meanwhile, Sarine Technologies (SGX:U77) booked a loss of $0.1 million during the first quarter of the year. Its shares closed flat Friday.
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