Singapore Shares End Higher Despite Weaker Exports in November; CSE Global Down 5%, ISDN Down 1.6%
Singapore's stock market closed higher on Friday despite the city-state reporting a decline in its export price indices for November.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,762.93 and 3,785.21 throughout the day. It ended the session at 3,771.63, up 10.18 points or 0.27% compared to Thursday's close.
In economic news, Singapore's export price index slipped 5.0% year on year in November, extending the 8.4% fall in the previous month. The non-oil index slid 3.4%, while the oil index plunged 11.7% on year.
Meanwhile, Singapore's import price index also fell 5.1% year on year last month, extending the 6.5% drop in the preceding month.
Singapore's domestic supply price index (DSPI) fell 3% year over year in November, marking the fourth consecutive month of decline but easing from the 5.1% decrease in October.
In company news, shares of CSE Global (SGX:544) plunged over 5% after its wholly owned subsidiary, CSE W-Industries, started the process of filing legal proceedings against a client in Texas.
ISDN Holdings (SGX:I07, HKG:1656) was down nearly 2% after it completed the liquidation of its indirectly wholly-owned subsidiary, Shenzhen Servo Dynamics.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10