Singapore Shares Fall 0.44%. YZJ Shipbldg Rises 2.85%; NIO Falls 3.23%; Singtel Sinks 1.9%; Frazers HTrust Drops 1.85%

MT Newswires

19 Dec 2024

Singapore's stock market declined on Thursday, mirroring broader losses across Asia after the US Federal Reserve lowered its key interest rate by a quarter percentage point, but indicated that it will probably only lower twice more in 2025.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,739.49 and 3,776.43 throughout the day. It ended the session at 3,762.88, down 16.74 points or 0.44% compared to Wednesday's close.

YZJ Shipbldg rose 2.85%; NIO fell 3.23%; Singtel fell 1.9%; Frazers HTrust fell 1.85%.

In company news, shares of Memiontec plunged over 30% as the company revealed plans to boost its working capital through a renounceable non-underwritten rights cum warrants issue.

Grand Venture Technology surged over 9% at the close after it became a preferred supplier of high-level assembly and components for thermal compression bonding (TCB) equipment by an unnamed semiconductor assembly and packaging equipment manufacturer.

Meanwhile, Salt Investments entered into a legally non-binding agreement with Hong Kong's Poly Million to acquire a majority stake in TT Oil. Its shares closed flat on Thursday.

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YZJ Shipbldg Rises 2.85%; NIO Falls 3.23%; Singtel Sinks 1.9%; Frazers HTrust Drops 1.85%","media":"MT Newswires","content":"<html><head></head><body><p>Singapore's stock market declined on Thursday, mirroring broader losses across Asia after the US Federal Reserve lowered its key interest rate by a quarter percentage point, but indicated that it will probably only lower twice more in 2025.</p><p>The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,739.49 and 3,776.43 throughout the day. It ended the session at 3,762.88, down 16.74 points or 0.44% compared to Wednesday's close.</p><p><a href=\"https://laohu8.com/S/BS6.SI\">YZJ Shipbldg</a> rose 2.85%; <a href=\"https://laohu8.com/S/NIO.SI\">NIO</a> fell 3.23%; <a href=\"https://laohu8.com/S/Z74.SI\">Singtel</a> fell 1.9%; <a href=\"https://laohu8.com/S/ACV.SI\">Frazers HTrust</a> fell 1.85%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c99b4af99e0d3ebb1940e3cec4afb853\" tg-height=\"643\" tg-width=\"492\"/></p><p>In company news, shares of <a href=\"https://laohu8.com/S/TWL.SI\">Memiontec</a> plunged over 30% as the company revealed plans to boost its working capital through a renounceable non-underwritten rights cum warrants issue.</p><p><a href=\"https://laohu8.com/S/JLB.SI\">Grand Venture Technology</a> surged over 9% at the close after it became a preferred supplier of high-level assembly and components for thermal compression bonding (TCB) equipment by an unnamed semiconductor assembly and packaging equipment manufacturer.</p><p>Meanwhile, <a href=\"https://laohu8.com/S/FQ7.SI\">Salt Investments</a> entered into a legally non-binding agreement with Hong Kong's Poly Million to acquire a majority stake in TT Oil. 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YZJ Shipbldg Rises 2.85%; NIO Falls 3.23%; Singtel Sinks 1.9%; Frazers HTrust Drops 1.85%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2024-12-19 17:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Singapore's stock market declined on Thursday, mirroring broader losses across Asia after the US Federal Reserve lowered its key interest rate by a quarter percentage point, but indicated that it will probably only lower twice more in 2025.</p><p>The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,739.49 and 3,776.43 throughout the day. It ended the session at 3,762.88, down 16.74 points or 0.44% compared to Wednesday's close.</p><p><a href=\"https://laohu8.com/S/BS6.SI\">YZJ Shipbldg</a> rose 2.85%; <a href=\"https://laohu8.com/S/NIO.SI\">NIO</a> fell 3.23%; <a href=\"https://laohu8.com/S/Z74.SI\">Singtel</a> fell 1.9%; <a href=\"https://laohu8.com/S/ACV.SI\">Frazers HTrust</a> fell 1.85%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c99b4af99e0d3ebb1940e3cec4afb853\" tg-height=\"643\" tg-width=\"492\"/></p><p>In company news, shares of <a href=\"https://laohu8.com/S/TWL.SI\">Memiontec</a> plunged over 30% as the company revealed plans to boost its working capital through a renounceable non-underwritten rights cum warrants issue.</p><p><a href=\"https://laohu8.com/S/JLB.SI\">Grand Venture Technology</a> surged over 9% at the close after it became a preferred supplier of high-level assembly and components for thermal compression bonding (TCB) equipment by an unnamed semiconductor assembly and packaging equipment manufacturer.</p><p>Meanwhile, <a href=\"https://laohu8.com/S/FQ7.SI\">Salt Investments</a> entered into a legally non-binding agreement with Hong Kong's Poly Million to acquire a majority stake in TT Oil. 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