Singapore Shares Rebound as Markets Recover from US Tariffs Concerns; SGX up 2.3%

MT Newswires

02-06

Singapore's stock market recovered to surge in the green zone on Thursday with previously rattled global markets showed signs of recovery after US President Donald Trump's hardline stance on trade tariffs.

The STI.SI, a key benchmark for the Singapore Exchange, ranged between 3,821.20 and 3,839.40 throughout the day. It ended the session at 3,830.42, up 15.05 points or 0.39% compared to Wednesday's close.

In company news, shares of Tiong Seng^ were up nearly 6% after the company entered into a facility agreement with Oversea-Chinese Banking (SGX:O39) and United Overseas Bank (SGX:U11) for loan facilities of up to SG$90 million.

Natural Cool was up over 3% at the close after it granted an option to purchase to ClosetDesign for the disposal of a property located at 9 Kaki Bukit Road, Singapore for SG$1.1 million.

Meanwhile, shares of Ellipsiz were down over 2% after it received the remaining balance of SG$146,880, amounting to 5% of the consideration for the disposal of its 51% stake in Axis-Tec.

Yoma Strategic rose 3%; SGX rose 2.3%; Keppel rose 1.7%; OUE rose 1%; ThaiBev fell 2%; YZJ Shipbldg fell 1.6%.

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