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Singapore Shares Rise at Market Close; MYP up 67%

MT Newswires ·  Apr 9 17:40

Singapore's Strait Times Index rose on Monday, despite mixed results in US and European markets.

During the day, the benchmark Singapore Strait Times Index ranged between 3,220.72 and 3,247.89, ending 0.67% or 21.53 points higher at 3,237.52.

In company news, shares of MYP (SGX:F86) were up nearly 67% after Evan Li Ting Kuan exercised an option granted to it buy the company's wholly-owned subsidiary, Grace Shine, to purchase a property in Singapore for SG$6.1 million.

Shares of Pan Hong Holdings Group (SGX:P36) were up over 12% after indirect shareholders boosted their stake in the company.

Meanwhile, shares of Wilton Resources (SGX:5F7) were down 15% after its main operating unit in Indonesia slowed down its gold mining and production activities starting in March amid a country-wide lack of cyanide supply.

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