Singapore Shares Extend Gains Ahead of Wall Street's Return

MT Newswires
Sep 02

Singapore shares closed higher on Tuesday, even as most of the regional indices closed in red, Wall Street's return after the Labor Day holiday.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,273.26 and 4,301.17 throughout the day. It ended the session at 4,298.51, up 22.44 points or 0.52% compared to Monday's close.

In company news, shares of Asiaphos (SGX:5WV) surged 50% at the close as it entered into an agreement with United Malayan Land (KLSE:4561) to acquire around 97.41% stake in Exquisite Mode.

Eneco Energy (SGX:R14) was down over 9% as it allotted and issued 504 million shares pursuant to the exercise of warrants at SG$0.009 per share.

Meanwhile, Ever Glory United (SGX:ZKX) was up nearly 1% as it received a listing and quotation notice from the SGX-ST for the listing and quotation of new shares and additional conversion shares.

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