Singapore Shares Slump Mirroring Global Losses. Boustead Singapore up 6%; Keppel up 1.6%; SGX up 1%; Seatrium, Centurion, IFast Down over 2%; SIA Down 1.3%
Singapore shares tanked on Friday, tracking regional and global losses as markets were weighed down by Israel's attack on Iran earlier in the day.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,898.46 and 3,912.71 throughout the day. It ended the session at 3,911.42, down 10.78 points or 0.27% compared to Thursday's close.
Keppel up 1.6%; SGX up 1%; Seatrium, Centurion iFast down over 2%; SIA down 1.3%.
In company news, shares of Boustead Singapore were up over 6% at the close with the company considering selling its logistics and industrial real estate assets to a real estate investment trust to be listed on the Singapore Exchange.
Union Steel Holdings was down over 3% after it reduced its stake in Eneco Energy (SGX:R14) to 24% by selling 85 million shares to investors, Eric Low and Tank Hock Guan, for about SG$978,000.
Meanwhile, Boustead Singapore said it is considering selling its logistics and industrial real estate assets to a real estate investment trust to be listed on the Singapore Exchange. Its shares closed 3% lower Friday.
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