Singapore Shares Close Higher. iFast, YZJ Shipbldg up More Than 4%; Seatrium up 3%; UOB Bank; DBS Group, SIA up over 1%
Singapore shares tracked regional gains on Tuesday to close higher after US and China agreed on a deal to slash reciprocal tariffs for a 90-day period, taking them down by 115%, with US President Donald Trump claiming the deal a "total reset" in relations with Beijing.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,881.05 and 3,956.26 throughout the day. It ended the session at 3,881.05, up 4.89 points or 0.13% compared to Friday's close.
Financial markets in Singapore were closed on Monday for a public holiday.
iFast, YZJ Shipbldg up more than 4%; Seatrium up 3%; UOB Bank; DBS Group, SIA up over 1%.
In company news, shares of Yamada Green Resources (SGX:BJV) surged over 16%, as one of its subsidiaries agreed to acquire a four-story building and the land it is built on in Japan's Osaka City for 156 million yen.
Zixin Group (SGX:42W) was up over 3%, as the company forecasted a significantly higher net profit for the fiscal year ended March 31, as compared to a year ago.
Meanwhile, shares of Seatrium (SGX:5E2) were up nearly 3% at the close, as the company secured a floating storage regasification unit (FSRU) conversion contract from Norway-based Hoegh.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10