Singapore Shares Track Wall Street Gains on Fresh Tariff Hopes to End Higher; DBS Gains 1%

MT Newswires

25 Mar

Singapore shares rose on Tuesday, tracking Wall Street's gains overnight after US president Donald Trump indicated that not all the levies will be imposed on April 2, with some countries expecting breaks.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,946.59 and 3,985.72 throughout the day. It ended the session at 3,954.53, up 18.20 points or 0.46% compared to Monday's close.

In company news, shares of ESR REIT (SGX:J91U) were up over 2% after it completed the divestment of two logistics properties at 1 Third Lok Yang Road and 4 Fourth Lok Yang Road in Singapore for SG$6.8 million.

Yangzijiang Shipbuilding (SGX:BS6) closed 1% higher as it completed a capital injection to acquire a 34% equity stake in Tsuneishi Group (Zhoushan) Shipbuilding, a subsidiary of Tsuneishi Holdings.

Meanwhile, Keppel DC REIT (SGX:AJBU) closed nearly flat after it completed the divestment of the Kelsterbach Data Centre in Frankfurt, Germany for 50 million euros.

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