In contrast to global equities that ended closed higher overnight, Singapore's Straits Times Index dipped further on Tuesday after the city-state's headline consumer price index, or overall inflation, edged up to 3.7% year on year in December 2023.
During the day, the benchmark index ranged between 3,132.76 and 3,161.99, ending 0.44% or 13.87 points lower at 3,135.25.
In economic news, Singapore's headline consumer price index, or overall inflation, edged up to 3.7% year on year in December 2023, from 3.6% in the preceding month, due to a pickup in private transport inflation and services inflation, data from the Monetary Authority of Singapore and the Ministry of Trade and Industry showed on Tuesday.
On the corporate front, Seatrium (SGX:S51) shares slid nearly 3% on Tuesday's close, as its unit Seatrium Financial Services secured a new SG$400 million committed green revolving loan facility from United Overseas Bank (SGX:U11).
Japan Foods (SGX:5OI) shares zoomed over 18% on Tuesday's close, as the company disclosed that an unknown party gained access to its servers and the encrypted information contained in those servers during a recent ransomware incident.
IREIT Global Group (SGX:UD1U) closed nearly 3% higher on Tuesday, even as independent valuer, Savills Advisory Services, reported a 2.6% decrease in the group's portfolio valuation to 899.0 million euros as of Dec. 31, 2023.