Singapore Shares Track Global Losses to Start Week in Red. Singtel Rises 1.6%; Keppel DC Reit, Genting Sing Fall 2.7% Each

MT Newswires

Jan 13, 2025

Singapore's stock market extended losses on Monday to start the week in red, tracking losses in global markets over the weekend.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,775.00 and 3,796.74 throughout the day. It ended the session at 3,791.70, down 9.86 points or 0.26% compared to Friday's close.

Singtel rose 1.6%; Sembcorp Industries rose 0.92%; OCBC Bank fell 0.76%; Keppel DC Reit, Genting Sing fell 2.7% each.

Singtel customers can now enjoy complimentary access to Perplexity Pro, an advanced AI search service. They can redeem a code from My Singtel App to activate their free one-year subscription.

Perplexity combines real-time information from multiple sources to give credible, updated and well-cited responses.

In company news, Clearbridge Health plunged 25% on Monday's close, as it completed the placement of 309.5 million shares to Ong Choon Yi at an issue price of SG$0.0031 per share and an aggregate consideration of SG$959,450.

Grand Venture Technology was down over 2% at the close after it formed a partnership with the Agency for Science, Technology and Research (A*STAR) to develop a customized manufacturing platform for advanced ceramics.

Meanwhile, shares of Leader Environmental were up nearly 8% after it completed the disposal of all shares in the capital of AIWater and UG Water to WJL Holding through its wholly owned subsidiary, United Greentech.

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.

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It ended the session at 3,791.70, down 9.86 points or 0.26% compared to Friday's close.Singtel rose 1.6%; Sembcorp Industries rose 0.92%; OCBC Bank fell 0.76%; Keppel DC Reit, Genting Sing fell 2.7% each.Singtel customers can now enjoy complimentary access to Perplexity Pro, an advanced AI search service. 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