Singapore Shares Continue Slide. YZJ Shipbldg Rises 4%; UOB Jumps 0.5%; Keppel DC Reit Falls 2.7%

MT Newswires
01-14

Singapore's stock market remained mired in negative territory on Tuesday, with overseas markets closing mixed overnight.

The Straits Times Index, a key benchmark for the Singapore Exchange, ranged between 3,779.01 and 3,791.35 throughout the day. It ended the session at 3,788.77, down 2.93 points or 0.08% compared to Monday's close.

YZJ Shipbldg rose 4%; UOB rose 0.46%; NIO fell 0.95%; Keppel DC Reit fell 2.7%.

In corporate news, shares of Clearbridge Health (SGX:1H3) surged 33% at the close after the company utilized SG$772,000 of proceeds from its rights issue for working capital.

Duty Free International's (SGX:5SO) shares zoomed nearly 15% after the retail company's profit attributable to owners surged in fiscal Q3 to 41.6 million ringgit from 2.4 million ringgit a year ago.

Meanwhile, GKE's (SGX:595) was down nearly 9% at the close even after its profit attributable to owners surged nearly 133% year over year in the fiscal first half to SG$4.4 million.

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