Singapore Shares Pull Back, Mirror Regional Losses; Serial Achieva Up 5%
Singapore shares declined on Friday, tracking regional losses as Asian stocks slid on Apple's price hikes which could have an impact of booming global chip demand.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,155.95 and 5,214.11 throughout the day. It ended the session at 5,191.73, down 27.23 points or 0.5% compared to Thursday's close.In economic news, Singapore's manufacturing output increased 13% year on year in May, slowing from a revised 16.5% increase a month prior, according to data released by the Singapore Economic Development Board.On the corporate front, shares of Serial Achieva (SGX:XHV) were up nearly 5% at the close as it secured a co-location services contract in Malaysia, to provide data center capacity and related facilities to a local cloud services provider.GSH (SGX:BDX) closed nearly 4% higher as it raised SG$80 million in gross proceeds via an issuance of digital securities on the SDAX platform.Meanwhile, JustCo (SGX:JCO) was up nearly 3% at the close as it launched a new co-working space in Singapore at the Octagon.
