Singapore Shares Track Regional Losses to End Lower Amid Global Political Uncertainties

MT Newswires
01/08

Singapore stocks fell Thursday, mirroring regional losses, in the wake of global oil price concerns linked to US President Donald Trump's Venezuelan crude import agreement.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,726.18 and 4,763.04 throughout the day. It ended the session at 4,739.07, down 8.55 points or 0.2% compared to Wednesday's close.

In corporate news, shares of Vividthree (SGX:OMK) were down nearly 12% at the close as it received a letter of demand from United Overseas Bank, in relation to a temporary bridging loan received during Covid-19.

Centurion Accommodation REIT (SGX:8C8U) was up nearly 2% as it secured a temporary occupation permit for the construction of an additional block in Westlite Mandai.

Meanwhile, shares of CapitaLand Investment (SGX:9CI) were up over 2% at the close as it expanded its portfolio with the acquisition of a 5.1-hectare site in Singapore to develop OMEGA 1 Singapore, the city-state's first automated logistics facility, for around SG$260 million.

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