Singapore Shares Slide to End Week in Red; Vibrant Group Shares Slip 5%

MT Newswires ·  Apr 19 05:34

Singapore shares closed lower on Friday despite opening the session marginally higher, following overnight losses on Wall Street amid investors' expectations of reduced US Federal Reserve action.

During the day, the benchmark Singapore Strait Times Index ranged between 3,152.72 and 3,195.77, ending 0.35% or 11.15 points lower at 3,176.51.

In economic news, Housing and Development Board, or HDB, rental prices edged up 0.6% in March from February, reflecting increases across all room types.

Shares of Vibrant Group (SGX:BIP) were down nearly 5% after it repurchased 878,700 shares in the open market for SG$49,141.

CSE Global's (SGX:544) shares were down over 1% even after it secured a contract variation worth $36.5 million in the Americas region.

EnGro (SGX:S44) closed 2% lower on Friday, as the company agreed to sell its entire 43% stake in Qingdao Evergreen Materials and Technologies to Qingdao Special Steel for 39.6 million yuan.

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