Singapore Shares Close Higher as Trump Signs Deal to End Government Shutdown

MT Newswires
Nov 13

Singapore shares closed higher on Thursday, tracking regional gains as US President, Donald Trump signed off on the closure of the 43-day US government shutdown that suspended the release of critical economic data.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,551.16 and 4,575.91 throughout the day. It ended the session at 4,575.91, up 7 points or 0.2% compared to Wednesday's close.

In company news, shares of VibroPower (SGX:BJD) surged over 60% at the close as it booked an attributable profit of SG$608,000 during the fiscal first half ended Sept.30 against an attributable loss of SG$933,000 a year earlier.

Food Empire's (SGX:F03) shares were up over 9% as its revenue during Q3 was up 28% year over year to $152.6 million from $118.9 million a year earlier.

Meanwhile, shares of AEM (SGX:AWX) were up nearly 2% at the close after it booked a net profit of SG$4.0 million for the nine months ended Sept. 30, against a net loss of SG$95,000 a year earlier.

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