Singapore Shares End the Week Higher; PropNex Down 9%

MT Newswires
Feb 27

Singapore shares ended Friday in the green after a volatile week of gains and losses amidst a mix of cooling technology stocks and geopolitical tensions.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,943.14 and 4,996.41 throughout the day. It ended the session at 4,995.07, up 30.69 points or 0.6% compared to Thursday's close.

In economic news, Singapore's Manufactured Products Price Index fell 4.9% year over year in January, following a 1.2% decrease in the preceding month, the city-state's Department of Statistics reported.

Singapore's Export Price Index fell 6.2% year on year in January, following a 4.9% decrease in the preceding month, as the Non-Oil Index slipped 3.3%, while the Oil Index dropped 18.2% on year during the month, the city-state's Department of Statistics reported.

Meanwhile, Total loans and advances to residents in Singapore grew to SG$887.5 billion in January from SG$886.1 billion a month earlier, with loans to business contributing SG$537.1 billion, down from SG$538.7 billion in December 2025, according to preliminary data released by the Monetary Authority of Singapore.

On the corporate front, shares of PropNex (SGX:OYY) slumped nearly 9% at the close as its net attributable profit jumped 28% in the second half of 2025 to SG$28.1 million from SG$21.9 million a year earlier.

First Resources (SGX:EB5) shares were up nearly 8% as its attributable profit to owners jumped 44% in the second half of 2025 to $204.7 million from $141.8 million a year earlier.

Meanwhile, Yanlord Land Group (SGX:Z25) shares closed over 5% higher as the company trimmed its loss attributable to owners by 96% in the second half of 2025 to 111.3 million yuan from 2.94 billion yuan a year earlier.

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