Singapore Shares Remain in Red; Genting Sing Rises 2%; DBS Group, UOB Drop around 1%; NIO Sinks 1.9%; YZJ Shipbldg Falls 3.6%
Singapore's stock market remained depressed on Wednesday, with investors awaiting key US inflation data which will have a bearing on interest rate expectations.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,765.41 and 3,796.63 throughout the day. It ended the session at 3,772.58, down 16.19 points or 0.43% compared to Tuesday's close.
Genting Sing rose 2%; DBS Group, UOB fell around 1%; NIO Inc. sank 1.9%; YZJ Shipbldg sank 3.6%.
In company news, shares of Cordlife surged nearly 10% at the close after The Singapore Ministry of Health (MOH) renewed its license to provide its cord bank and human tissue banking services with effect from Jan. 14.
HC Surgical Specialists closed more than 3% higher on Wednesday, even as the company's profit attributable to owners slipped 2% to SG$3.4 million in the six months ended Nov. 30, 2024, from SG$3.5 million a year earlier.
Meanwhile, shares of CapitaLand India Trust slipped nearly 1% at the close, as the trust signed a long-term agreement with a global hyperscaler for one of its data centers.
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