Singapore shares remained in the red on Tuesday, despite investor sentiment improving over a positive outlook on AI and tech investment.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,392.92 and 5,423.43 throughout the day. It ended the session at 5,397.03, down 18.88 points or 0.4% compared to Monday's close.
On the corporate front, shares of ESR-REIT (SGX:9A4U) were down nearly 4% at the close as its distributable income for the nine months ended Sept. 30 rose to SG$136 million from SG$134.6 million a year earlier.
Sembcorp Industries (SGX:U96) closed nearly 1% higher as its subsidiary Sembcorp Utilities signed separate non-binding memoranda of understanding with Atkinsréalis and ST Engineering (SGX:S63) to exchange knowledge and explore collaboration in the nuclear energy sector.
Meanwhile, Meta Health (SGX:5DX) signed subscription agreements with three private investors to issue 640 million shares at SG$0.0036 apiece, raising SG$2.3 million.
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