Singapore Shares End Week Marginally Lower Despite Cooling of US-China Trade War

MT Newswires
Oct 31

Singapore shares closed marginally lower on Friday, tracking mixed regional losses despite an improved sentiment following the cooling of the US-China trade war.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,422.17 and 4,451.43 throughout the day. It ended the session at 4,428.62, down 8.82 points or 0.2% compared to Thursday's close.

In economic news, total loans and advances to residents in Singapore totaled SG$863.8 billion in September, with building and construction loans contributing SG$181.2 billion, according to data released by the Monetary Authority of Singapore.

In company news, shares of Addvalue Technologies (SGX:A31) were up nearly 8% after it was removed from the watchlist of the Singapore Exchange Securities Trading after achieving profitability in 2024 and 2025.

Lendlease Global Commercial REIT's (SGX:JYEU) shares were down nearly 2% at the close as its portfolio committed occupancy came in at 95% during the fiscal first quarter ended Sept. 30.

Meanwhile, shares of iX Biopharma (SGX:42C) were down nearly 1% after it received a listing and quotation notice from the Singapore Exchange of up to 67 million shares under a proposed placement to raise no less than SG$5 million in gross proceeds.

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