Singapore's Shares Close Flat Amid Easing of AI, Semiconductor Sell-Off, AJBU Up Nearly 4%, 5E2 Up 1.7%

MT Newswires
Yesterday

Singapore's shares were marginally up at Friday's close as the sell-off in artificial intelligence and semiconductor stocks eased.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,365.33 and 5,426.45 throughout the day. It ended the session at 5,422.16, up 7.02 points or 0.13% compared to Thursday's close.

In corporate news, Keppel DC REIT (SGX:AJBU) was up 4% at close as it posted SG$0.0857 in distribution per unit for the nine months ended Sept. 30, compared with SG$0.0767 a year ago. Distributable income moved to SG$228 million from SG$195.3 million previously.

Seatrium (SGX:5E2) secured a deal to undertake major conversion and integration work for five Whale Class powerships for Karpowership. Shares were up nearly 2% at close.

CapitaLand China Trust (SGX:AU8U) closed nearly 1% higher as it posted 1.22 billion yuan in gross revenue for the nine months ended Sept. 30, down from 1.28 billion yuan a year ago.

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