Singapore Shares Mirror Upward Regional Trend to Extend Gains; IHH Healthcare Up 4%

MT Newswires
Nov 27

Singapore shares extended gains on Thursday, tracking broader regional gains as regional sentiment remained positive amid expectations of a US interest rate cut next month.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,505.56 and 4,524.32 throughout the day. It ended the session at 4,509.37, up 7.81 points or 0.2% compared to Wednesday's close.

In corporate news, shares of IHH Healthcare (SGX:Q0F, KLSE:IHH) were up nearly 4% at the close, as its attributable profit to owners climbed 15% during Q3 to 616 million ringgit from 534 million ringgit a year earlier.

Raffles Education's (SGX:NR7) shares were down nearly 4%, as its Chinese subsidiaries, Foodbev (Shanghai), Raffles Lasalle Education Consultancy (Shanghai) and Shanghai Shangxin Commercial Consulting, agreed to dispose of their stake in Hefei Yuren Education Management.

Meanwhile, Lendlease Global Commercial REIT (SGX:JYEU) closed nearly 1% higher, as it completed the acquisition of a 70% stake in PLQ Mall through the acquisition of units in PLQM Trust and 70% of its trustee-manager.

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