Singapore Shares Remain in Red; CNMC Goldmine Up 2%

MT Newswires

01-22

Singapore shares remained in the red zone on Wednesday, failing to track overnight gains in global markets.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,781.21 and 3,811.53 throughout the day. It ended the session at 3,781.21, down 14.16 points or 0.37% compared to Tuesday's close.

In corporate news, shares of CNMC Goldmine (SGX:5TP) were up nearly 2% after the company forecasted a "significant overall improvement" in its net profit for the year ended Dec. 31, 2024.

Sabana Industrial REIT (SGX:M1GU) was up over 1% after the REIT booked a distribution per unit or DPU of SG$0.0152 for the second half ended Dec. 31, 2024, up from SG$0.0115 a year earlier.

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