Singapore Shares Fall as Markets Continue to Show Mixed Performance; Vallianz Up 6%

MT Newswires · Jun 17 17:35

Singapore's Straits Times Index started the week flat on Monday closing, following up on mixed performances in the regional and US markets.

During the day, the benchmark Singapore Strait Times Index ranged between 3,323.903 and 3,297.55, ending 0.81% or 26.98 points lower at 3,297.55.

In company news, shares of Vallianz (SGX:WPC) were up over 6% after it entered into a deed of settlement with DBS Bank to settle the Series A floating rate convertible bonds due 2029 with an aggregate principal amount of $47.4 million.

Oxley (SGX:5UX) was up nearly 3% after it bought back 140,500 shares in the open market on Friday for SG$11,194.

Meanwhile, Oversea-Chinese Banking (SGX:O39) was down 1% after it confirmed that it will maintain its offer price for the 54.7 million shares, representing an 11.56% stake in Great Eastern Holdings, at SG$25.6 per share.

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Singapore Shares Fall as Markets Continue to Show Mixed Performance; Vallianz Up 6%

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