Singapore's stock market was little changed and closed slightly lower on Thursday amid investors' concerns over tensions in the Middle East.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,576.82 and 3,604.56 throughout the day. It ended the session at 3,577.43, down 7.24 points or 0.2% compared to Wednesday's close.
In economic news, Singapore's private sector growth remained robust in September, despite easing from a near two-year high, according to the S&P Global Purchasing Managers' Index report released Thursday.
Additionally, Singapore's manufacturing sector defied regional weakness in September, with the PMI rising to 51 from 50.9 in August, driven by strong electronics output, which hit its highest level in over six years at 51.5, The Straits Times reported Tuesday, citing data from the Singapore Institute of Purchasing and Materials Management.
In company news, NIO fell over 8%; SIA fell 1.3%.
shares of Elite UK REIT were down over 3% after the REIT submitted an application to the local authorities in the UK for the development of a data center at Peel Park, Blackpool.
ARA US Hospitality Trust was down over 2% after the trust changed its name to Acrophyte Hospitality Trust, effective Oct. 2.
Meanwhile, AMOS Group appointed SAC Capital as its independent financial advisor to provide guidance on the voluntary unconditional general offer received from its controlling shareholder, PeakBayou.
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