Singapore's Shares Marginally Down as Fed Reserve Keeps Interest Rate Unchanged

MT Newswires
1 hour ago

Singapore shares were marginally down on Thursday, despite the US Federal Reserve deciding to keep the interest rate unchanged.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,394.71 and 5,439.50 throughout the day. It ended the session at 5,396.03, down 1.88 points or 0.03% compared to Wednesday's close.

On the corporate front, shares of China Kunda Technology (SGX:GU5) closed over 6% higher with the company expecting to return to profitability and book a net profit for the fiscal first half ended Sept. 30.

Far East Hospitality Trust (SGX:Q5T) closed over 1% higher as it reported income available for distribution of SG$20.2 million in the third quarter.

Meanwhile, shares of Mapletree Logistics Trust (SGX:M44U) closed nearly 1% higher as it outlined plans to redevelop its warehouses in Changi South into a five-story Grade A ramp-up warehouse.

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