Singapore Shares End Marginally Lower as Regional States Look to Strike Trade Deals with US
Singapore shares ended marginally lower on Monday, while regional sentiment remained mixed, as investors geared up for possible trade deals with the US.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,958.04 and 3,971.70 throughout the day. It ended the session at 3,964.29, down 1.91 points or 0.05% compared to Friday's close.
In company news, shares of H2G Green (SGX:5AI) were up over 14% at the close with the company's subsidiary, GasHubUnited Utility, awarded a project to design, construct, install, and commission a liquefied natural gas storage and regasification facility at the Rolls-Royce Seletar Campus in Singapore.
Ecowise's (SGX:5CT) shares surged over 19% with the company's attributable profit to equity holders surged 83% in fiscal Q4 to SG$511,000 from SG$280,000 a year earlier.
Meanwhile, shares of Rex International (SGX:5WH) were down nearly 3% at the close with its subsidiary, Rex Oman, initiating a process to explore debt financing alternatives for its Oman activities.
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