Singapore Shares Close Week in Red. Sembcorp Industries Down 2.2%; SingPost Down 1.8%; CapLand China T Up 2.2%; Top Glove Up 2%
Singapore's shares closed flat on Friday, tracking overnight losses in the US and European markets amid heightened trade tensions.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,823.75 and 3,838.29 throughout the day. It ended the session at 3,836.02, down 1.5 points or 0.04% compared to Thursday's close.
In company news, shares of Sembcorp Industries were down over 2% at the close after the company revealed that its Gas Sales Agreement (GSA) signed by its wholly owned subsidiary, Sembcorp Gas, with West Natuna Exploration, Empyrean Energy and Coro Energy Duyung, was terminated.
Singapore Post was down nearly 2% after its shareholders voted in favor of the disposal of the company's Australian logistics business, Freight Management Holding for AU$775.9 million.
Seatrium fell 0.95% and IFAST lost 1.2%.
CapLand China T up 2.16%; Top Glove up 2%; Wilmar International rose 1.85%.
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