Singapore Shares Muted as Oil Prices Rise Following Iran, Israel Conflict; Beverly JCG Slumps 13%
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Singapore shares closed lower as oil prices rose amid tensions between Iran and Israel. The Straits Times Index ended at 3,908.46, down 0.08%. Beverly JCG shares fell 13% after announcing a property acquisition in Malaysia. Sembcorp Industries gained nearly 2% following its subsidiary's stake acquisition in Lion Power for S$72 million. Thakral shares dropped nearly 1% after its associated company, GemLife, announced plans for a listing on the Australian Securities Exchange.
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