Singapore Shares Clock Losses as US Iran Fire Exchange Threatens Peace Talks; Ascent Bridge Zooms 50%
Singapore shares plunged nearly 1% at the close on Thursday as regional peace took a hit following exchange of fire between the US and Iran.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,978.80 and 5,035.58 throughout the day. It ended the session at 4,989.19, down 39.61 points or 0.8% compared to Tuesday's close.On the corporate front, shares of Ascent Bridge (SGX:AWG) zoomed over 50% at the close as it signed a cooperation framework agreement with Scinosen (Shenzhen) Gene Industry Development to establish a joint venture in Singapore.Koh Brothers Eco Engineering (SGX:5HV) shares surged nearly 22% at the close after it submitted an application to the SGX-ST to transfer to the main board.Meanwhile, shares of Valuetronics (SGX:BN2) rose nearly 13% at the close as its attributable profit to owners fell 70% during the fiscal second half ended March 31 to HK$24.1 million from HK$79.9 million a year earlier.
