Recession Fears Drag Singapore Shares Down; Mencast Zooms 8% on Regulatory Approval for Transfer Listing to Catalist
Recession Fears Drag Singapore Shares Down; Mencast Zooms 8% on Regulatory Approval for Transfer Listing to Catalist经济衰退的担忧拖累了新加坡股市的下跌；由于监管部门批准向Catalist转让上市，Mencast上涨了8％
05:02 AM EST, 01/19/2023 (MT Newswires) -- Singapore's Straits Times Index slipped into the negative territory on Thursday, following a depressing session on Wall Street a day earlier amid disappointing US data that renewed worries about a recession in the world's biggest economy.
During the day, the benchmark index ranged between 3,271.87 and 3,290.25, ending 0.41% or 13.37 points lower at 3,276.18.
In corporate news, Mencast Holdings (SGX:5NF) obtained the approval-in-principle approval from the Singapore Exchange to transfer the listing of the company to the Catalist Board from the Main Board of the bourse, sending the engineering services company's shares up nearly 8% at market close.
CapitaLand India Trust (SGX:CY6U) shares rose nearly 1% on Thursday's close, as the trust signed a forward purchase agreement to acquire a part of an Information Technology park in Bangalore, India for about 12.26 billion Indian rupees.
Zhongxin Fruit and Juice (SGX:5EG) shares closed flat on Thursday, even as the company disclosed that it expects to post a lower year on year net income in the six months ended Dec. 31, 2022.