Singapore Stocks Start Week Lower; Mm2 Asia Shares Climb 2% on Bond Deal for Cinema Business
Singapore Stocks Start Week Lower; Mm2 Asia Shares Climb 2% on Bond Deal for Cinema Business新加坡股市本周开盘走低；MM2亚洲股市因Cinema Business的债券交易而上涨2%
05:42 AM EDT, 09/26/2022 (MT Newswires) -- Singapore's Straits Times Index started the week in negative territory, extending last week's sell-off, amid growing fears over an economic recession.
During the day, the benchmark index ranged between 3,169.80 and 3,223.51, ending 1.27% or 41.14 points lower at 3,185.96.
In corporate news, shares of mm2 Asia (SGX:1B0) climbed 2% on Monday's close, as the entertainment group disclosed plans to move forward with SG$54 million ($37.7 million) bond deal for the cinema business.
ACMA (SGX:AYV) shares ballooned 31% on Monday's close, as the company's unit Acma Technologies agreed to sell a 100% stake in Hong Kong-incorporated Rinzai, together with all amounts owed by Rinzai to ACMA and Acma Technologies, to Gliston.
ZICO Holdings (SGX:40W) closed 1% lower on Monday, after the deal to dispose of a 40% stake in unit ZICO Trust to Riau Capital Investments fell through.