Singapore Shares End Marginally in Green; CFM Shares Soar 12% on Proposed Sale of Singapore Property
Singapore Shares End Marginally in Green; CFM Shares Soar 12% on Proposed Sale of Singapore Property新加坡股市收盘小幅上涨;CFM股价因拟议出售新加坡房地产而飙升12%
05:43 AM EDT, 06/17/2022 (MT Newswires) -- Singapore's Straits Times Index opened lower on Friday and remained under pressure throughout the day, but managed to sneak into the positive territory at the close, overcoming losses across global and regional markets amid a flurry of interest rate hikes.
During the day, the benchmark index ranged between 3,072.34 and 3,101.77 and ended 0.02%, or 0.66 points, higher at 3,098.09.
In corporate news, CFM Holdings' (SGX:5EB) unit Cheong Fatt Holdings granted HiBeau Group an option to purchase its leasehold interest in a Singaporean property for SG$13.4 million ($9.7 million), sending the metal stamping company's shares up 12% at market close.
Mm2 Asia (SGX:1B0) closed over 3% higher on Friday with the company looking to raise SG$54 million ($39.0 million) via the issuance of an exchangeable bond to a regional strategic investor.
Shares of Sevens Atelier (SGX:5EW), previously known as Pan Asian Holdings, jumped 4% on Friday's close, as the company disclosed that its trading counter name on the Singapore Exchange will be changed to Sevens Atelier on June 21.
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