Singapore Shares Rebound as Tensions in Middle East Ease; SIA and UOB up About 2%
Singapore shares surged on Tuesday, tracking regional gains as US was able to confirm a ceasefire between Iran and Israel, thus deescalating tensions in the Middle East.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,890.87 and 3,910.83 throughout the day. It ended the session at 3,904.30, up 25.04 points or 0.65% compared to Monday's close.
In company news, shares of CosmoSteel (SGX:B9S) were up over 11% at the close after 3HA Capital revised its offer price for the takeover of the company to SG$0.25 per share after the company's independent financial advisor deemed the initial offer not fair.
RH PetroGas (SGX:T13) was down 11% after it issued and allotted 200,000 shares at an exercise price of SG$0.150 per share under its share option scheme.
Meanwhile, shares of Lum Chang (SGX:L19) were up over 7% at the close with the company's subsidiary, Lum Chang Creations, lodging a preliminary offer document for a listing on the Catalist board of the Singapore Exchange.
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