Singapore Shares Start Week in Red as Investors Await Outcome of US Inflation Data

MT Newswires

Aug 11

Singapore shares fell on Monday to start the week in red, in contrast to broader regional gains, as investors looked at the upcoming US inflation data and a potential tariffs pause by the US on China.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,224.25 and 4,247.89 throughout the day. It ended the session at 4,232.78, down 7.05 points or 0.17% compared to Friday's close.

In company news, shares of Thomson Medical (SGX:A50) were down over 11% at the close, with the company expecting to book a loss after tax for the fiscal half year and year ended June 30.

Avarga (SGX:X5N) was up over 13% as the company booked an attributable loss of SG$4.3 million during the first half of the year from an attributable profit of SG$17.1 million a year earlier.

Meanwhile, Keppel (SGX:BN4) agreed to divest M1's telecommunication business to Simba Telecom for an enterprise value of SG$1.43 billion.

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It ended the session at 4,232.78, down 7.05 points or 0.17% compared to Friday&#39;s close.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dc48a8baff0366b5c68b36fd487fa3ac\" tg-width=\"271\" tg-height=\"838\"/></p><p>In company news, shares of Thomson Medical (SGX:A50) were down over 11% at the close, with the company expecting to book a loss after tax for the fiscal half year and year ended June 30.</p><p>Avarga (SGX:X5N) was up over 13% as the company booked an attributable loss of SG$4.3 million during the first half of the year from an attributable profit of SG$17.1 million a year earlier.</p><p>Meanwhile, Keppel (SGX:BN4) agreed to divest M1&#39;s telecommunication business to Simba Telecom for an enterprise value of SG$1.43 billion.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999002679.SGD","symbol_name":"LionGlobal Singapore Balanced SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2558556156","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2558556156","pubTimestamp":1754905159,"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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