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Singapore Shares Close Higher; ASTI Slips 3% on CEO Dismissal

MT Newswires ·  {{timeTz}}

04:29 AM EST, 12/23/2021 (MT Newswires) -- Singapore's Straits Times Index returned to green on Thursday, after stocks rallied on Wall Street following strong US consumer data and indications that omicron infections are less likely to result in hospitalization.

During the day, the benchmark index ranged between 3,090.25 and 3,104.18 and ended 0.18%, or 5.55 points, higher at 3,093.06.

In corporate news, ASTI Holdings (SGX:575) parted ways with its chief executive officer, Michael Loh Soon Gnee, amid an ongoing retrenchment exercise, sending the semiconductor manufacturing services provider's shares down more than 3% at market close.

G. K. Goh (SGX:G41) closed nearly 3% higher on Thursday's close, as the payroll services company obtained the required clearances from relevant authorities for the proposed sale of its entire 92% stake in corporate services provider Boardroom to a Temasek-related consortium for about SG$312 million ($229.2 million).

Singapore Post (SGX:S08) climbed 2% higher on Thursday, as the company completed the disposal of the entire issued and paid-up share capital of General Storage and its subsidiaries to private investment company Triforce Investments on Wednesday.

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