Singapore Index Slips Into Negative Territory; Koh Brothers Shares Fall 5%

MT Newswires · Feb 1 17:48

Singapore's Straits Times Index closed in the negative territory on Thursday, tracking overnight losses on Wall Street.

During the day, the benchmark index ranged between 3,123.14 and 3,148.81, ending 0.32% or 9.95 points lower at 3,143.06.

In corporate news, Koh Brothers (SGX:K75) expects to post a net loss for 2023, mainly due to the lower contribution and high costs for ongoing construction projects, sending the company's shares down nearly 5% at closing.

Shares of Keppel (SGX:BN4) ended Thursday's session relatively flat, as its profit attributable to shareholders climbed 2.5% to SG$439.9 million in the second half of 2023 from SG$429.1 million a year ago.

Pacific Radiance (SGX:RXS) finished 4% lower on Thursday after it raised roughly SG$22.9 million from its recent rights issue.

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Singapore Index Slips Into Negative Territory; Koh Brothers Shares Fall 5%

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