Singapore Shares Surge as Trading Activity Increases; SGX Rises 2%
Singapore's stock market surged on Wednesday on the back of a strong trading activity report and overnight gains in the global markets.
The Straits Times Index, a key benchmark for the Singapore Exchange, ranged between 3,577.48 and 3,606.79 throughout the day. It ended the session at 3,595.66, up 19.97 points or 0.56% compared to Tuesday's close.
In economic news, SGX said the total market turnover value on SGX securities surged 75% year over year to SG$30.4 billion in September.
In company news, shares of Duty Free Intl slumped over 9% at the close as the company booked a loss attributable to owners of the company of 3.2 million ringgit in the quarter ended Aug. 31, compared to an attributable profit of 1.6 million ringgit in the year-ago period.
DigiCore Reit USD was up over 3% after the pure-play data center REIT recast $716 million worth of loan facilities by around three years relative to the maturing dates of the existing facilities.
Meanwhile, GS Hldg allotted and issued 570,888,708 rights shares at an issue price of SG$0.015 per share.
NIO Inc. rose 1.35%, ocbc bank, YZJ Shipbldg SGD, DBS Group Holdings rose 1.2%; Seatrium Ltd fell 3%.
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