Singapore blue-chip index rises marginally, in line with regional showing
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Across the broader market, gainers edged out losers 365 to 221, after 1.9 billion securities worth $2.1 billion changed hands.
ST PHOTO: AZMI ATHNI
Tay Peck Gek
- Singapore's Straits Times Index rose 0.2% on April 21, mirroring regional gains. CapitaLand Integrated Commercial Trust led, up 3.3% after its $3.9 billion Paragon mall acquisition.
- CICT acquired Paragon mall for $3.9 billion, boosting downtown retail dominance and medical exposure. This redeploys funds for a higher 3.9% net yield.
- Asian stocks gained, oil dipped on US-Iran talks hopes, contrasting geopolitical tensions and market observers' crisis warnings, noted Mr Norbert Rucker.
AI generated
SINGAPORE - Singapore stocks turned in a marginally better showing on April 21, in line with regional index performance.
The benchmark Straits Times Index (STI) gained 0.2 per cent, or 10.89 points, to finish at 5,014.96.
CapitaLand Integrated Commercial Trust led the gainers on Singapore’s blue-chip index, rising 3.3 per cent – or 8 cents – to $2.47, a day after it announced its $3.9 billion buy of Paragon mall.
The worst performer among STI constituents was Thai Beverage, which fell 2.4 per cent, or 1 cent, to 41 cents.
The three local banks ended mixed. DBS rose 0.4 per cent, or 24 cents, to $57.48, while OCBC slid 0.3 per cent, or 6 cents, to $22.61 and UOB dropped 0.3 per cent, or 13 cents, to $37.27.
Meanwhile, the iEdge Singapore Next 50 Index was 0.4 per cent, or 5.96 points, lower at 1,535.54.
Within the iEdge Singapore Next 50 Index, Ultragreen AI was the top gainer, rising 6.9 per cent, or 9 US cents, to finish at US$1.40, while Lendlease Global Commercial Reit was at the bottom of the tally after falling 1.7 per cent, or 1 Singapore cent, to 57 Singapore cents.
Across the broader market, gainers outnumbered losers 365 to 221, after 1.9 billion securities worth $2.1 billion changed hands.
Key regional indexes were positive. Hong Kong’s Hang Seng Index gained 0.5 per cent, Japan’s Nikkei 225 index rose 0.9 per cent, South Korea’s Kospi surged 2.7 per cent and the FTSE Bursa Malaysia KLCI advanced 0.8 per cent.
The markets’ judgment seems to be in contradiction with the standstill in the negotiations between US and Iran, as well as crisis warnings from market observers such as the International Energy Agency, noted Mr Norbert Rucker, head of economics and next generation research at Julius Baer. THE BUSINESS TIMES
