Singapore Shares End Week in Green, Mirroring Regional Gains, Ahead of Jackson Hole Meeting

MT Newswires

08/22

Singapore shares closed higher on Friday, mirroring regional gains, with regional and global markets hoping for potential interest rate cut decisions ahead of a crucial speech by the US central bank chief in Jackson Hole, Wyoming, late today.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,227.93 and 4,253.89 throughout the day. It ended the session at 4,253.02, up 22.12 points or 0.52% compared to Thursday's close.

In company news, H2G Green (SGX:5AI) shares surged 20% at the close as it entered into a convertible loan agreement with RD Property to grant a loan to its subsidiary, Green Energy Investment.

Raffles Education (SGX:NR7) was up over 2% as it entered into a subscription agreement with Miao, Lijie to issue an aggregate principal amount of SG$1.0 million worth of bonds.

Meanwhile, Singapore Post's (SGX:S08) operating profit for the first quarter ended June 30 declined by 60% to SG$3.4 million from SG$8.4 million a year earlier.

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