Singapore Shares Down, Track Regional Losses; Katrina Plunges 11%
Singapore's shares fell on Friday, with the Straits Times Index closing at 3,914.48, down 0.07%. The decline followed regional market losses ahead of US jobs data. Katrina Group's shares plummeted over 11% after increasing its share capital, while Shanaya's shares rose nearly 6% due to a feasibility study agreement. ValueMax's shares increased by over 1% after launching a new series of commercial paper at 4.3% per annum.
Singapore's shares closed lower on Friday, tracking losses in the regional markets, ahead of key US jobs data.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,898.85 and 3,930.02 throughout the day. It ended the session at 3,914.48, down 2.58 points or 0.07% compared to Thursday's close.
In economic news, Singapore's official foreign exchange reserves grew to SG$511.6 billion in February, from SG$510.6 billion in January, preliminary data from the Monetary Authority of Singapore showed.
In company news, shares of Katrina Group were down over 4% after the company increased its issued share capital to 250.5 million shares after allotting and issuing of 33,800 new shares following a warrant exercise.
Shanaya were up nearly 6% at the close after its unit Shanaya Environmental Services has agreed to conduct a feasibility study with Hong Kong-based Zym-Tec Road Technologies for a 30-kilometer coal transport road in East Kalimantan, Indonesia.
Katrina Group were down over 11% after the company increased its issued share capital to 250.5 million shares after allotting and issuing of 33,800 new shares following a warrant exercise.
Meanwhile, shares of ValueMax were up over 1% after it launched the eight series of its three-month commercial paper in digital securities, priced at a 4.3% per annum, on the SDAX Exchange.
