Singapore Shares Continue Retreat Ahead of US Inflation, Jobs Data

MT Newswires

09/25

Singapore shares continued their downward trend on Thursday as investors continued to assess the implications of upcoming US inflation and jobs data, echoing regional losses.

The Straits Times Index ranged between 4,272.39 and 4,297.46 throughout the day. It ended the session at 4,273.86, down 16.54 points or 0.39% compared to Wednesday's close.

In company news, shares of EuroSports Global (SGX:5G1) surged over 24% at the close as its subsidiary, Scorpio Electric, signed a term sheet with an unnamed Malaysian investor for a potential investment.

Rex International (SGX:5WH) was up nearly 1% after the oil and gas exploration firm signed a share swap agreement with Monarch Marine to acquire a 9.6% stake in Lime Petroleum.

Meanwhile, Beverly Wilshire (SGX:9QX) outlined plans to raise SG$100,000 through the issuance of 9.2 million shares to private investor Tan Chin Hong at a price of SG$0.0109 apiece.

STI fell 0.4%; EuroSports Global rose 24%; SIA Engineering rose 4%; Yangzijiang Shipbuilding rose 1%; CityDev fell 2%.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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