-- Singapore shares recorded gains on Friday to end the week in green, as the Asian market reacted positively to a tentative geopolitical de-escalation in the Middle East ahead of the highly anticipated talks between the US and Iran in Islamabad.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,973.10 and 4,999.30 throughout the day. It ended the session at 4,989.41, up 12.33 points or nearly 0.3% compared to Thursday's close.
On the corporate front, shares of BH Global (SGX:BQN) were down nearly 7% at the close as it proposed to renew its share buyback mandate.
Metis Energy (SGX:L02) closed over 2% higher as it reported three consecutive years of pre-tax losses for its three most recent financial years.
Meanwhile, shares of City Developments (SGX:C09) were nearly flat as it established a SG$2 billion multicurrency perpetual bonds issuance program.