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Singapore Shares End Week Lower, Tracking Wall Street Losses

MT Newswires ·  Apr 5 17:32

Singapore's Strait Times Index ended lower on Friday, tracking overnight losses on Wall Street following hawkish remarks from several US Federal Reserve officials.

During the day, the benchmark Singapore Strait Times Index ranged between 3,197.61 and 3,218.04, ending 0.52% or 16.75 points lower at 3,218.26.

In economic news, Singapore's retail sales jumped 8.4% on year in February to SG$3.9 billion after a 1.6% growth in January, boosted by the Chinese New Year holiday.

In corporate news, shares of City Developments (SGX:C09) were up over 1% after it bought back 265,000 shares in the open market on Thursday for around SG$1.6 million or SG$5.84 apiece.

Meanwhile, AsiaPhos (SGX:5WV) amended its results for the year ended Dec. 31, 2023, following adjustments or reclassifications made by its auditor, Foo Kon Tan.

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