Singapore Shares End Week in Green, Mirroring Regional Gains, Ahead of Jackson Hole Meeting

MT Newswires

Aug 22

Singapore shares closed higher on Friday, mirroring regional gains, with regional and global markets hoping for potential interest rate cut decisions ahead of a crucial speech by the US central bank chief in Jackson Hole, Wyoming, late today.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,227.93 and 4,253.89 throughout the day. It ended the session at 4,253.02, up 22.12 points or 0.52% compared to Thursday's close.

In company news, H2G Green (SGX:5AI) shares surged 20% at the close as it entered into a convertible loan agreement with RD Property to grant a loan to its subsidiary, Green Energy Investment.

Raffles Education (SGX:NR7) was up over 2% as it entered into a subscription agreement with Miao, Lijie to issue an aggregate principal amount of SG$1.0 million worth of bonds.

Meanwhile, Singapore Post's (SGX:S08) operating profit for the first quarter ended June 30 declined by 60% to SG$3.4 million from SG$8.4 million a year earlier.

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It ended the session at 4,253.02, up 22.12 points or 0.52% compared to Thursday&#39;s close.</p><p>In company news, <a href=\"https://laohu8.com/S/5AI.SI\">H2G Green</a> (SGX:5AI) shares surged 20% at the close as it entered into a convertible loan agreement with RD Property to grant a loan to its subsidiary, Green Energy Investment.</p><p>Raffles Education (SGX:NR7) was up over 2% as it entered into a subscription agreement with Miao, Lijie to issue an aggregate principal amount of SG$1.0 million worth of bonds.</p><p>Meanwhile, Singapore Post&#39;s (SGX:S08) operating profit for the first quarter ended June 30 declined by 60% to SG$3.4 million from SG$8.4 million a year earlier.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9a5c915e967f8d3515a2ff7ea4607e55\" tg-width=\"495\" tg-height=\"516\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"S08.SI","symbol_name":"新邮政","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2561420865","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2561420865","pubTimestamp":1755856216,"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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