Off the wire
• Belgium to investigate into suspected BND spying: media  • 87 sentenced in central China prostitution cases  • Kenyan investors calls for e-procurement to curb graft  • Morgan Stanley CEO upbeat on Chinese economy  • Myanmar's population grows at slower pace: census  • China Focus: Luxury brands cut prices to revive China sales  • Saudi-led airstrikes kill 40 Houthi gunmen in Yemen's Aden  • Slovak MEPs appeal to help Christians in Middle East  • Belgian police soon to "patrol" Internet  • Chen Long proves he is the man to beat: 2015 Australian Badminton Open  
You are here: 　 Home

Roundup: Singapore stocks end down 0.75 pct

Xinhua, May 29, 2015 Adjust font size:

Singapore shares closed 0.75 percent lower on Friday, after extended fall in Chinese share markets hit investors' sentiment further.

Shanghai bourse continued to fall on Friday as investors dumped stocks after more brokers tightened margin trading requirements and the People's Bank of China drained money to reduce flush liquidity in the financial system.

Meanwhile, cash-strapped Greece said it aims to reach an agreement with lenders by Sunday, but its creditors did not share its optimism. Euro-zone official said Athens will not receive any money if it does not agree on an outline of a reforms deal.

Singapore's benchmark Straits Times Index fell 25.66 points to 3,392.11 points. Trading volume was 1.76 billion shares worth 2.19 billion Singapore dollars. Decliners outnumbered advancers 259 to 192, while 503 stocks did not move.

Among top actives, Joyas International Holdings jumped 16.7 percent to 3.5 Singapore cents. It announced the placement of 50 million new shares at 3.2 Singapore cents per placement share. The total gross proceeds to be raised are 1.6 million Singapore dollars. The funds will be used to finance the Joyas' business expansion, to augment the general working capital of the company, and for potential investments and acquisitions.

Global Logistic Properties fell 1.1 percent to 2.76 Singapore dollars. It announced the introduction of three capital partners into GLP U.S. Income Partners I. They included two leading global institutional investors from Asia and one from North America. One of the Asian investors is new to Global Logistic Properties' fund management platform. Global Logistic Properties will reduce its stake in GLP U.S. Income Partners I from 55 percent to 10 percent and remains the sole asset manager.

Among top gainers, Raffles Medical Group rose 2.7 percent to 4. 50 Singapore dollars, while Jardine Matheson became one of the top losers by falling 2 percent to 61.47 Singapore dollars. (1 U.S. dollar equals to 1.35 Singapore dollars) Endi