Singapore Shares Extend Gains Despite Trump-Musk Twitter Row Impacting Global Indices

MT Newswires

Jun 06, 2025

Singapore shares extended gains on Friday, in contrast to regional and global indices which reacted negatively to a highly-publicized row between US president, Donald Trump, and his former aide, Elon Musk.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,914.07 and 3,934.29 throughout the day. It ended the session at 3,934.29, up 16.60 points or 0.42% compared to Thursday's close.

In company news, shares of Oxley (SGX:5UX) were up nearly 10% with the company revealing that it had struck its subsidiary, Oxley Vibe, off the register.

Oiltek International (SGX:HQU) surged over 8% at the close after it promoted Goh Chee Yong to the position of the company's chief financial officer, effective June 6.

Meanwhile, Great Eastern Holding (SGX:G07) is proposing to delist from the Singapore bourse following a SG$900 million conditional exit offer from Oversea-Chinese Banking Corp. or OCBC (SGX:O39) to acquire the remaining 6.28% of the insurer it does not own at SG$30.15 per share.

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It ended the session at 3,934.29, up 16.60 points or 0.42% compared to Thursday&#39;s close.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f1b4afa4f0eda4309faf12862d109719\" tg-width=\"332\" tg-height=\"570\"/></p><p>In company news, shares of Oxley (SGX:5UX) were up nearly 10% with the company revealing that it had struck its subsidiary, Oxley Vibe, off the register.</p><p><a href=\"https://laohu8.com/S/HQU.SI\">Oiltek</a> International (SGX:HQU) surged over 8% at the close after it promoted Goh Chee Yong to the position of the company&#39;s chief financial officer, effective June 6.</p><p>Meanwhile, Great Eastern Holding (SGX:G07) is proposing to delist from the Singapore bourse following a SG$900 million conditional exit offer from Oversea-Chinese Banking Corp. or OCBC (SGX:O39) to acquire the remaining 6.28% of the insurer it does not own at SG$30.15 per share.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0048388663.USD","symbol_name":"SCHRODER ISF ASIAN OPPORTUNITIES \"A\" (USD) INC AV","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2541985396","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2541985396","pubTimestamp":1749203640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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