Singapore Shares Remain in Red Amid Fragile US-Iran Peace; Medi Lifestyle Down 10%

MT Newswires06-05

Singapore shares closed in the red zone on Friday, tracking regional losses, with investor sentiment taking a fresh hit after Iran warned the US of "full-scale resumption" of the conflict.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,041.58 and 5,084.00 throughout the day. It ended the session at 5,049.96, down 17.57 points, or 0.4%, from Thursday's close.

In economic news, Singapore's total retail sales rose 5.4% year over year to SG$4.3 billion in April, according to the Statistics Department.

On the corporate front, Medi Lifestyle (SGX:Z4D) plunged over 10% at the close as it reached an agreement with controlling shareholder, Chua Yi Hang, to offset part of a shareholder loan.

Shares of Gallant Venture (SGX:5IG) closed over 5% higher as its unit, PT Batamindo Investment Cakrawala, secured financing for the development of a coal-fired power plant in Indonesia.

Meanwhile, shares of Civmec (SGX:P9D, ASX:CVL) were up over 1% as it secured a series of new contract awards, panel extensions and orders across its resources, infrastructure, energy and maintenance divisions, lifting its order book to a record AU$1.5 billion.

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It ended the session at 5,049.96, down 17.57 points, or 0.4%, from Thursday&#39;s close.</p><p>In economic news, Singapore&#39;s total retail sales rose 5.4% year over year to SG$4.3 billion in April, according to the Statistics Department.</p><p>On the corporate front, Medi Lifestyle (SGX:Z4D) plunged over 10% at the close as it reached an agreement with controlling shareholder, Chua Yi Hang, to offset part of a shareholder loan.</p><p>Shares of <a href=\"https://laohu8.com/S/GLVNF\">Gallant Venture</a> (SGX:5IG) closed over 5% higher as its unit, PT Batamindo Investment Cakrawala, secured financing for the development of a coal-fired power plant in Indonesia.</p><p>Meanwhile, shares of Civmec (SGX:P9D, ASX:CVL) were up over 1% as it secured a series of new contract awards, panel extensions and orders across its resources, infrastructure, energy and maintenance divisions, lifting its order book to a record AU$1.5 billion.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ES3.SI","symbol_name":"STI ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2641111924","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2641111924","pubTimestamp":1780652823,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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