Singapore Shares Remain Resurgent Despite Regional Losses; NIO Jumps 4%

MT Newswires

07-22

Singapore shares finished marginally higher on Tuesday, despite regional losses, as investors turned their attention towards the outcome of US trade talks ahead of the Aug. 1 deadline.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,191.87 and 4,219.18 throughout the day. It ended the session at 4,208.26, up 1.13 points or 0.03% compared to Monday's close.

In company news, shares of Eneco Energy (SGX:R14) were up over 11% at the close, with the company signing an exclusive distribution agreement for an engineering solution in multiphase transportation.

Duty Free International (SGX:5SO) was up nearly 9% as the company entered into a share sale and purchase agreement with Atlan Holdings to acquire United Industries for 175 million ringgit.

Meanwhile, shares of Acesian Partners (SGX:5FW) were down nearly 3% as the company flagged a loss before tax for the first half compared with a profit a year earlier.

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