Singapore Shares End Flat as Retail Sales Slide; Seatrium Shares Surge 6%
Singapore's stocks were largely unchanged on Friday's close following mixed overnight fortunes for global markets and a fall in the city-state's retail sales.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,792.20 and 3,821.73 throughout the day. It ended the session at 3,801.83, up 1.02 points or 0.03% compared to Thursday's close.
In economic news, Singapore's retail sales fell 0.7% year on year in November 2024, reversing October's 2.4% growth, while sales excluding motor vehicles dropped 1.4%, according to data from the Department of Statistics.
In company news, shares of GKE (SGX:595) surged over 11% on Friday's close after the company forecasted an increase in net profit attributable to shareholders for the fiscal first half ended Nov. 30, 2024.
Leader Environmental Technologies (SGX:LS9) rose nearly 3%, as it named executive director Ngoo Lin Fong as the company's executive chairman.
Meanwhile, shares of Global Testing (SGX:AYN) were down nearly 3% on market close, as the company bought back 8,200 shares in the open market for SG$8,048 or SG$0.98 apiece.
AEM SGD rose 6.2%; Seatrium rose 6%; SingPost rose 3%; Nio rose 2%; UOL rose 1%; DBS fell 0.8%; OCBC fell 0.4%.
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