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Singapore Shares Remain in Red as Iran Remains Insistent on MoU Provisions

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Singapore shares remained in the red on Wednesday, with Iran continuing to insist on the provisions of its agreement with the US to be implemented before a final deal.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,158.63 and 5,196.54 throughout the day. It ended the session at 5,161.50, down 9.15 points or 0.2% compared to Tuesday's close.

On the corporate front, shares of NoonTalk Media (SGX:SEJ) surged nearly 27% at the close as it signed a non-binding MoU with Neusoft Education Technology to explore collaboration opportunities in AI for AI-generated content and other initiatives.

ASTI Holdings (SGX:575) closed nearly 2% higher as it received the first installment of a settlement payment of SG$300,000 from Advanced Systems Automation (SGX:WJ9).

Meanwhile, ISOTeam (SGX:5WF) secured around SG$20.4 million worth of contracts.

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Native Mineral Resources Says Unit Lodges Progressive Rehabilitation, Closure Plan for Queensland Project; Shares Up 8%

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ASTI Holdings Receives First Tranche of Settlement Payment; Shares Up 3%

ASTI Holdings (SGX:575) received the first installment of a settlement payment of SG$300,000 from Advanced Systems Automation (SGX:WJ9), according to a Tuesday filing with the Singapore Exchange.Shares of the semiconductor company were up over 3% in Wednesday trading.Earlier, the company had signed new terms with Advanced Systems, with the latter making a payment of SG$300,000 to ASTI by July 1 and the remaining balance of SG$700,000 by Aug. 1, instead of paying them in full by July 1.

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