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Roundup: Singapore stocks end down 0.52 pct

Xinhua, January 15, 2016 Adjust font size:

Singapore shares closed 0.52 percent lower on Friday.

Singapore's benchmark Straits Times Index dropped 13.81 points to 2,630.76 points.

Trading volume was 1.93 billion shares worth 1.09 billion Singapore dollars. Decliners outnumbered advancers 281 to 141, while 505 stocks did not move.

Perennial Real Estate Holdings dropped 4 percent to 84.5 Singapore cents.

It signed a Memorandum of Understanding to establish a joint venture with Shanghai Summit and Shanghai Renshoutang to set up an eldercare and retirement home in Chengdu. Total investments is about 150 million Chinese yuan.

Perennial Real Estate plans to convert a land plot in Chengdu previously planned for mixed-used residential and retail development into eldercare and retirement home, leveraging on its close proximity to the Chengdu ParkwayHealth Hospital.

The eldercare and retirement home is expected to begin operations in second quarter of 2017.

Jumbo Group retreated 4.3 percent to 45 Singapore cents.

It announced the opening of its third Jumbo Seafood outlet in Shanghai.

Located at Shanghai International Finance Centre, Pudong, this latest restaurant is poised to bolster Jumbo's revenue contribution from China.

Among top gainers, Jardine Matheson rose 3.7 percent to 52.90 U.S. dollars, while DBS Group became one of the top losers by falling 1.3 percent to 14.64 Singapore dollars. (1 U.S. dollar equals to 6.587 Chinese yuan and 1.44 Singapore dollars) Enditem