Singapore's Shares Remain in Red Despite Improved Sentiment Over AI Investment

MT Newswires10-27 17:41

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment