Singapore's stock market continued to linger in the red zone, as investors in the region brace for US tariffs increase following president elect Donald Trump's comments.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,699.77 and 3,727.39 throughout the day. It ended the session at 3,708.09, down 4.30 points or 0.12% compared to Tuesday's close.
In company news, shares of KOP Limited (SGX:5I1) were up nearly 3% after the company changed the name of an indirect wholly owned subsidiary, Dalvey Breeze, to KOP Properties Holdings.
Kimly's (SGX:1D0) was up nearly 2% after its profit attributable to owners of the company declined by 9.2% to SG$33.1 million in fiscal 2024, compared with SG$36.5 million a year earlier.
Meanwhile, GuocoLand's (SGX:F17) shares were up nearly 1% at the close after its joint tender with TID Residential and Intrepid Investments for a land parcel at Faber Walk, Singapore, was accepted by the Urban Redevelopment Authority of Singapore.
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