Singapore Shares Extend Gains as Tech Rally Drives Surge
Singapore shares extended gains on Wednesday, despite mixed regional gains as investors remained bullish on technology and AI stocks.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,323.33 and 5,414.84 throughout the day. It ended the session at 5,369.57, up 27.33 points or 0.5% compared to Tuesday's close.On the corporate front, Avarga (SGX:X5N) closed under 1% higher as it received an approval from the Singapore High Court to convene a scheme meeting for shareholders to vote on the proposed scheme of arrangement.Beng Kuna Marine (SGX:BEZ) units, Asian Sealand Offshore & Marine subsidiary bagged new contracts in the first half of the year.Meanwhile, ESR REIT (SGX:J91U) signed sales and purchase agreements to acquire five institutional grade freehold logistics properties in Melbourne, Australia, for AU$276.8 million.
