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Singaporean Shares Fall Tracking Wall Street Losses; Top Glove Down 7%

MT Newswires ·  May 24 17:38

Singapore's Straits Times Index was down on Friday to end the week in red, following overnight losses on Wall Street and a rise in US Treasury bond yields.

During the day, the benchmark Singapore Strait Times Index ranged between 3,297.98 and 3,320.14, ending 0.18% or 6.06 points lower at 3,316.56.

In economic news, Singapore's manufacturing output fell 1.6% year over year in April as two out of six clusters declined.

Singapore-listed shares of Top Glove (SGX:BVA, KLSE:TOPGLOV) crashed over 7% at market close after it issued an aggregate of 1,261,600 shares under its employee stock option scheme.

Singapore Shipping (SGX:S19) was down over 2% after it booked an attributable profit to the owners of $4.7 million in fiscal H2, down nearly 37% from $7.4 million in the year-ago period.

Kimly (SGX:1D0) closed flat as it reacquired an additional 150,000 shares worth SG$47,528, or SG$0.315 apiece.

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