Singapore Shares Rise Despite Trump's Trade Policies; ICP Surges 14%; Yangzijiang Shipbuilding Jumps 9%

MT Newswires

Yesterday

Singapore continued trading in positive territory on Monday, mirroring regional gains, despite US President Donald Trump's criticism of the US Federal Reserve Chair Jerome Powell hinting at a potential impact on global markets.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,729.60 and 3,774.39 throughout the day. It ended the session at 3,759.22, up 38.89 points or 1.05% compared to Thursday's close.

In company news, shares of ICP (SGX:5I4) surged over 14% after the company revealed that it is facing a potential voluntary delisting from the Singapore Exchange following an exit proposal from its controlling shareholder, Aw Cheok Huat.

Rex International (SGX:5WH) was up nearly 2% after the company provided an update on an independent summary competent person's report on the H7 and H8 reservoirs in the Seme Field in Benin.

Meanwhile, Marco Polo Marine's (SGX:5LY) newly launched commissioning service operation vessel, the MP Wind Archer, has completed its reflagging to Taiwan.

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