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Singaporean Shares Fall After Mixed Showing on Wall Street; Kingsmen Up 6%

MT Newswires ·  May 21 17:43

Singapore's Straits Times Index closed lower on Tuesday amid mixed showing on Wall Street and marginal gains in European markets.

During the day, the benchmark Singapore Strait Times Index ranged between 3,053.36 and 3,314.300, ending 0.19% or 6.15 points lower at 3,307.900.

In company news, Kingsmen Creatives (SGX:5MZ) was up nearly 6% after it wholly-owned subsidiary, Kingsmen Xperience and Infinity Experiences entered into a joint venture with PHI Studio and Felix & Paul Studios to create extended reality experiences.

Shares of Sinostar Pec Holdings (SGX:C9Q) were down nearly 3% after it received the Singapore Exchange's approval-in-principle for the listing and quotation of the 320 million new ordinary shares to be issued under its previously disclosed rights issue.

Del Monte Pacific (SGX:D03, PSE:DELM) was down nearly 1% after it provided an update on the use of the $70 million proceeds raised from the issuance of senior perpetual capital securities by its indirect subsidiary, Jubilant Year Investments.

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