Singapore Shares Rise Despite Regional Slump Over Inflation Worries
Singapore shares closed higher on Friday, despite negative regional sentiment over inflation worries driven by the perpetual geopolitical tensions.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,669.22 and 5,710.95 throughout the day. It ended the session at 5,695.93, up 6.18 points or 0.1% compared to Thursday's close.On the corporate front, shares of HG Metal Manufacturing (SGX:BTG) closed over 3% lower as it received approval from Jurong Town on Sept. 9 for the proposed assignment of the lease for 47 Tuas View Circuit, Singapore.SGX Group (SGX:S68) was down nearly 2% as its securities daily average value, or SDAV, jumped 35% year over year in August to about SG$2.2 billion.Meanwhile, shares of APAC Realty (SGX:CLN) closed nearly 1% higher as it proposed to acquire the remaining shares in ERA Graharealty that it does not already own.
