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Singapore Shares Fall on Middle East Tensions; Medi Lifestyle Down 8%

MT Newswires ·  Apr 16 17:37

Singapore shares fell on Tuesday, tracking losses in the US market as worries about the Middle East conflict continued to dampen investor sentiment.

The Straits Times Index ended the day down 1.22% or 38.85 points at 3,144.76, after trading within a range of 3,136.44 and 3,179.81.

In company news, Medi Lifestyle's (SGX:Z4D) shares fell over 8% after the company proposed branching into the business of trading agricultural commodities to add more revenue streams to achieve long-term growth.

Shares of MDR (SGX:Y3D) were up over 6% after it repurchased 9,300 shares in the open market.

Tritech's (SGX:5G9) shares were down 9% following a proposal to change auditors to Moore Stephens from Ernst & Young, subject to the approval of the company's shareholders.

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