Singapore Shares Dropped 0.5%. Frasers HTrust Rose 5.88%; Top Glove Rose 2.44%; NIO Rose 1.98%; DBS Group Fell 1.9%

MT Newswires

18 Dec 2024

Singapore's shares fell into the negative territory on Wednesday, tracking overnight losses in global markets ahead of the US Federal Reserve's interest-rate decision.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,778.47 and 3,799.70 throughout the day. It ended the session at 3,779.62, down 20.31 points or 0.53% compared to Tuesday's close.

Frasers HTrust rose 5.88%; Top Glove rose 2.44%; NIO rose 1.98%; DBS Group fell 1.9%.

In company news, shares of First Ship Lease Trust rose nearly 5% at the close after the company completed the disposal of its DWT product tanker, Cumbrian Fisher, to an unnamed buyer, through its wholly owned subsidiary, FSL-1.

Interra Resources was up nearly 3% as its wholly owned subsidiary, Goldwater TMT (GTMT, signed a cooperation agreement with PT Blora Patra Energi to set up a joint venture company in Indonesia.

Meanwhile, Wee Hur closed flat on Wednesday as it entered a facility agreement with The Trust Company (Australia), as a trustee for WH Redfern Trust, to provide a loan facility of AU$5.0 million.

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Frasers HTrust Rose 5.88%; Top Glove Rose 2.44%; NIO Rose 1.98%; DBS Group Fell 1.9%\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\">2024-12-18 17:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Singapore's shares fell into the negative territory on Wednesday, tracking overnight losses in global markets ahead of the US Federal Reserve's interest-rate decision.</p><p>The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,778.47 and 3,799.70 throughout the day. 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