Singapore Shares Rebound to End in Green; Yangzijiang Shipbuilding Plunges 9%; NIO Jumps 7%
Singapore's stock market rebounded on Thursday, as US stock indexes closed mixed overnight, while European shares close at a record high.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,893.52 and 3,921.19 throughout the day. It ended the session at 3,921.19, up 13.14 points or 0.34% compared to Wednesday's close.
In company news, shares of Yangzijiang Shipbuilding (SGX:BS6) fell nearly 9% at the close, even as the company's attributable profit to equity holders jumped 51% in the second half of 2024 to 3.58 billion yuan from 2.38 billion yuan a year earlier.
CapitaLand Investment (SGX:9CI) was up nearly 5% after it reported an attributable profit to owners of SG$148 million during the second half of 2024 against an attributable loss of SG$170 million a year earlier.
Meanwhile, shares of Sembcorp Industries (SGX:U96) were up nearly 3% at the close after it logged a 14% increase in its profit attributable to owners of the company of SG$471 million during the second half of 2024, from SG$412 million a year earlier, despite missing revenue estimates.
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