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Singapore Shares End Week in Red; StarHub Shares Rise 8% on Higher H2 2023 Profit

MT Newswires ·  Feb 9 12:59

Singapore's Straits Times Index remained under pressure on Friday on a shortened trading session amidst Lunar New Year holidays, while global equities showed mixed showings overnight

During the day, the benchmark index ranged between 3,117.46 and 3,138.30, ending 0.15% or 4.61 points lower at 3,138.30.

In corporate news, StarHub (SGX:CC3) posted a significantly higher net profit attributable to shareholders of SG$72.9 million in the second half of 2023, compared with SG$1.3 million a year ago, sending the company's shares up 8% at market close.

Avi-Tech Holdings' (SGX:1R6) shares climbed 6% on Friday's close, as its net profit rose 40.3% to SG$2.9 million in the fiscal first half ended Dec. 31, 2023, from SG$2 million a year earlier.

Oxley Holdings (SGX:5UX) closed 1% higher on Friday, even as the property developer swung to an attributable loss in its fiscal first half ended Dec. 31, 2023 after revenue was cut by more than half.

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