Singapore's stock market closed lower on Tuesday once more, as Donald Trump assumed responsibilities as the President of the US for the second time with a goal of pro-business policy and trade revisions.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,779.07 and 3,806.77 throughout the day. It ended the session at 3,795.37, down 12.60 points or 0.33% compared to Monday's close.
In company news, shares of Zhongxin Fruit and Juice (SGX:5EG) surged nearly 127% at market close, as the company forecasted "a significantly higher revenue" and net profit for the fiscal first half ended Dec. 31, 2024.
Hong Lai Huat (SGX:CTO) was down nearly 4% at the close after the company disclosed that it will issue and allot 40,503,000 shares to Ong Jia Jing, a company director.
Meanwhile, shares of Sembcorp Industries (SGX:U96) were down nearly 1% as it launched the Nusantara Sembcorp Solar Energi (NSSE) Power Plant, through its wholly owned subsidiary, and PT PLN Nusantara Renewables, a 99%-owned subsidiary of PT PLN Nusantara Power.
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