,Singapore

Market update: STI up 0.07%

Singtel showed the most growth.

The Straits Time Index closed at 0.07% up at 3,176 on Tuesday, 18 October.

The leading companies at the market’s close were Singtel at 1.59%, Yangzijiang Shipbuilding at 1.44%, and Venture at 1.37%

Seen at the bottom were Frasers Logistics & Commercial Trust at 1.99% down, Keppel DC REIT at 1.65% down, and Capitaland Integrated Commercial Trust at 1.40% down. 

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Singtel had the most growth for the day.
This is despite its improved performance in two categories.
The expected increase will be driven by three factors.
The two also discussed post-pandemic recovery.
It also recorded a strong performance for H1 2021, despite a net loss of $150.6m.
Jigger & Pony found itself retaining its ninth ranking.
The moderate increase was driven by expansions in five out of six indicators.
Perpetual (Asia) Limited is on the other end of the agreement, as the purchaser.
CLSA will serve as issue manager of the proposed spin-off and listing.
Yangzijiang Shipbuilding had the most growth for the day.
The new facility is the first of its kind in Singapore.
Proceeds will be used for Olam's general corporate purposes.
The completion of divestment will take place during the first quarter of 2022.
This is to raise gross proceeds of more than $200m.