share_log

Singapore Stocks Start Week in Red; Seatrium's Shares Slip 2% as H2 2023 Attributable Loss Widens

MT Newswires ·  Feb 26 17:36

Singapore Strait Times Index opened some 10 points lower on Monday to start the week on a soft note amidst declines from local banks.

During the day, the benchmark index ranged between 3,152.87 and 3,174.74, ending 0.43% or 13.79 points lower at 3,171.12.

In economic news, Singapore's manufacturing output increased 1.1% year over year in January, with the increase led by transport engineering output which increased 43.5%.

In company news, Seatrium's (SGX:S51) attributable loss widened to SG$1.68 billion in the second half of 2023, compared with SG$118.3 million in the year-ago period.

LHT Holdings (SGX:BEI) closed 17% higher on Monday, even as its full year attributable profit was down 43% in 2023 to SG$4.3 million, from SG$5.6 million.

Sim Leisure Group's (SGX:URR) shares fell 6% following news that the company's attributable profit for the second half of the year was down 5.3% to 13 million ringgit, versus 13.7 million ringgit in the year-ago period.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment