Singapore Shares End Week in Green as Investors Take Optimism From Strong US Retail Data
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Singapore shares ended the week positively, influenced by strong US retail data and robust earnings from major Wall Street firms. The Straits Times Index (STI) closed at 4,189.50, up 0.67%. Notable company movements included Advanced Systems Automation, which surged over 33% amid ongoing investigations into fund misappropriation, and TeleChoice International, which rose over 11% after receiving approval to exit the Watch-List. Food Empire shares increased nearly 7% following a strategic partnership with Capital A to launch new ready-to-drink beverages.
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