Singapore Shares Close Higher. Centurion up 4.8%; Cromwell Reit SGD up 3.3%; SingPost up 2.7%; Frasers Property up 1.8%; DBS Group down 1%.

MT Newswires

16 May

Singapore shares rose on Thursday, despite losses from regional indices, with the city-state posting a rise in its non-oil domestic exports in April.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,878.81 and 3,897.87 throughout the day. It ended the session at 3,897.87, up 5.93 points or 0.15% compared to Thursday's close.

Centurion up 4.8%; Cromwell Reit SGD up 3.3%; SingPost up 2.7%; Frasers Property up 1.8%; DBS Group down 1%.

In economic news, Singapore's non-oil domestic exports or NODX, were up 12.4% year over year in April, extending the 5.4% increase in the previous month, according to data released by Enterprise SG.

Shares of Ossia International surged nearly 42% at the close after the company received an unconditional cash offer to take the company private at SG$0.16 per share from its controlling shareholders.

Prospera Global soared over 36% after the company entered into an agreement to raise gross proceeds of around SG$7.0 million via issuance and allotment of 414,145,370 new shares at SG$0.017 to three individual subscribers.

Meanwhile, $LHN's (41O.SI) shares were up over 2% at the close after the company's attributable profit in fiscal H1 was up 8.8% to SG$14.1 million from SG$13.0 million a year earlier.

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Centurion up 4.8%; Cromwell Reit SGD up 3.3%; SingPost up 2.7%; Frasers Property up 1.8%; DBS Group down 1%.","media":"MT Newswires","content":"<html><head></head><body><p>Singapore shares rose on Thursday, despite losses from regional indices, with the city-state posting a rise in its non-oil domestic exports in April.</p><p>The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,878.81 and 3,897.87 throughout the day. 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