Singapore Shares Remain in Green as Investors Monitor Latest Updates on US Trade Negotiations
Singapore shares continued to trade in the positive territory on Wednesday as investors monitored the latest updates on US trade negotiations. Meanwhile, the US Federal Reserve is expected to make an announcement on interest rate later today.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,838.12 and 3,869.23 throughout the day. It ended the session at 3,865.37, up 4.96 points or 0.13% compared to Tuesday's close.
In economic news, Singapore's official foreign exchange reserves declined to SG$508.2 billion in April, from SG$514.2 billion in the preceding month, according to preliminary data from the Monetary Authority of Singapore.
In company news, shares of Frasers Logistics & Commercial Trust (SGX:BUOU) were down over 4% at the market close on Wednesday, after the trust's DPU declined 14% during fiscal H1.
United Overseas Bank's (SGX:U11) shares were down over 1% as the lender's net profit during the first quarter of the year remained unchanged year over year at SG$1.49 billion.
YZJ Shipbldg up 5.8%; Seatrium up 4.7%; Keppel, ST Engineering, SATS up 1%.
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