Singapore shares rose on Thursday following the release of lower-than-expected US job's data that bolstered the case for an interest rate cut.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,433.71 and 3,465.08 throughout the day. It ended the session at 3,458.66, up 17.28 points or 0.5% compared to Wednesday's close.
In domestic news, Singapore's retail sales were up 1% in July on a year-on-year basis, according to data released by the Department of Statistics.
Estimated total retail sales came in at SG$4.0 billion in July, with the online sales making 11.9% of the total sales.
In company news, Sevens Atelier (SGX:5EW) ballooned 150%, while the company was sent a query by the SGX amid unusual price movements.
Shares of Nera Telecommunications (SGX:N01) were down by nearly 3% after Ennoconn (TPE:6414) entered into an agreement for the purchase of 193,173,439 issued and paid up capital of the company held by Asia Systems.
Meanwhile, Keppel Infrastructure Trust (SGX:A7RU) closed flat on Thursday as it issued 456.6 million placement units at SG$0.438 per unit as part of its strategic funding initiative.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。