Singapore Shares Surge Despite Mixed Regional Performance Due to Iran-Israel Conflict; SingPost up 2%
Singapore shares recovered to close higher on Tuesday even as some Asian markets flashed red in response to the Iran-Israel conflict.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,915.57 and 3,931.81 throughout the day. It ended the session at 3,930.64, up 22.18 points or 0.57% compared to Monday's close.
In economic news, Singapore's non-oil domestic exports or NODX, fell 3.5% year over year in May, reversing a 12.4% increase in the previous month, according to data released by Enterprise SG.
Shares of BBR (SGX:KJ5) were up nearly 5% at the close with the company securing contracts worth SG$220 million.
Baker Technology (SGX:BTP) was down over 4% with the company expecting to book a net loss for the first half of the year compared with a net profit a year earlier.
Meanwhile, shares of Q & M Dental Group (SGX:QC7) were down over 1% after its takeover offer for Aoxin Q & M Dental (SGX:1D4) closed Monday, June 16.
STI up 0.6%; SingPost up 1.8%; YZJ Shipbldg up 1.3%; SATS, SGX up 1%; DBS up 0.7%; OCBC up 0.4%.
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