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Singapore Shares Start Week in Black; Keppel DC REIT Shares Climb 1% on Favorable Ruling From Singapore Court

MT Newswires ·  Jan 15 17:37

Singapore's Straits Times Index started the week in the positive territory, after US stocks ended mostly higher on Friday ahead of the long weekend.

During the day, the benchmark index ranged between 3,194.91 and 3,211.67, ending 0.24% or 7.70 points higher at 3,199.42.

In corporate news, Keppel DC REIT (SGX:AJBU) said the Singapore High Court has ruled in its favor against DXC Technology Services Singapore in relation to a March 2022 litigation, sending the trust's shares up 1% at market close.

Digital Core REIT's (SGX:DCRU) shares climbed nearly 2% on Monday's close, as the trust closed the sale of two Silicon Valley facilities to Brookfield Infrastructure Partners for $160.2 million to resolve the bankruptcy of its undisclosed customer.

Sevens Atelier (SGX:5EW) closed flat on Monday, as its unit Sevens Build bagged a contract worth SG$6.5 million contract for additional and alteration works to two shophouses, as well as construction of a new adjacent six-story building.

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