FINWIRES · TerminalLIVE
FINWIRES

Singapore Shares Stay in Green as Trade Surplus Shrinks; Medi Lifestyle Soars 44%

By

Singapore shares closed in the green on Monday, with the city-state's non-seasonally adjusted merchandise trade surplus shrank to SG$12.6 billion in July from SG$12.9 billion in June, according to data from Statistics Singapore.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,679.10 and 5,768.46 throughout the day. It ended the session at 5,768.46, up 24.87 points or 0.4% compared to Friday's close.

On the corporate front, shares of Medi Lifestyle (SGX:Z4D) soared over 44% at the close as it agreed to acquire a 60% stake in the issued share capital of EM2AI for SG$6.76 million from Q & M Dental Group (Singapore).

Ever Glory United (SGX:ZKX) filed an application proof of the prospectus for its proposed dual primary listing on the Hong Kong Stock Exchange.

Meanwhile, Metis Energy (SGX:L02) narrowed its attributable loss to owners by 71% during the first half of the year to SG$2.6 million from SG$8.9 million a year earlier.

Related Articles

Asia

Dreadnought Resources Says Rock Chip Sampling Confirms High-Grade Tungsten at Western Australia Projects

Dreadnought Resources (ASX:DRE) said rock chip sampling at both the Mangaroon and Mangaroon South projects in Western Australia confirmed high-grade tungsten, according to a Monday Australian bourse filing.At Mangaroon, rock chip sampling at the Nina target resulted in samples of 6.5% tungsten trioxide and 3.3% tungsten trioxide. The Mulka Well prospect at Mangaroon South confirmed scheelite mineralisation with significant rock chip results including 1.9% tungsten trioxide and 1.4% tungsten trioxide.Drilling at Nina is planned for the end of 2026 or the start of 2027. Systematic sampling and mapping of the Mangaroon South prospects will begin in September.

ASX:DRE
Asia

Fubon Financial Commits Up To $200 Million Investment in StepStone VC Secondaries Fund VII; Shares Down 4%

Fubon Financial Holding (TPE:2881), through its subsidiary Fubon Life Insurance, has committed up to $200 million to Brookfield Infrastructure Fund VI-A, according to a Friday filing to the Taiwan stock exchange.The transaction is with Brookfield Asset Management Private Institutional Capital Adviser (Canada), which is not a related party.The company's shares were down over 4% in Monday's trade.The transaction, approved by the board of directors, represents an estimated 0.67% holding in the fund, the filing showed.

TPE:2881
Asia

Metrocon Holdings Posts MYR2.6 Million Loss for H1

Metrocon Holdings (SGX:WYO), formerly known as Hatten Land, posted an attributable loss of 2.58 million ringgit, or 0.0014 ringgit per share, for the six months ended June 30, according to a Friday filing with the Singapore Exchange.For the 12 months ended June 30, the company reported an attributable loss of 45.5 million ringgit, or 0.0245 ringgit per share.The results relate to Hatten Land, following its reverse takeover of Metrocon, after which Hatten Land changed its name to Metrocon Holdings and its financial year-end to Dec. 31 from June 30.The group's financial statements do not include Metrocon Pte. Ltd., as the acquisition was completed on July 31, after the reporting date.

SGX:WYO