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Singapore Shares Mute as Regional Uncertainty Weighs Down Sentiment
['Mt Newswires', 'Tue', 'August At Am Gmt', 'Min Read']
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MT Newswires -ShutterstockSingapore shares remained little changed on Tuesday, with investor sentiment remaining cautious over uncertainty in the Middle East and lofty AI valuations.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,603.01 and 5,633.84 throughout the day.
It ended the session at 5,612.25, down 0.03 points or 0% compared to Monday's close.
APAC Realty's (SGX:CLN) shares closed nearly 7% higher as its attributable profit to owners fell 17% during the first half of the year to SG$9.4 million from SG$11.3 million a year earlier.
Meanwhile, shares of First Sponsor Group (SGX:ADN) were up nearly 5% at the close as it proposed a renounceable, non-underwritten rights issue of up to SG$332.6 million in 4.85% perpetual convertible capital securities.