International Business Times, Singapore Edition
Business
Markets

Market Round-Up: What did you miss?

A quick look at all the market moving events and big financial news of the day. From Great Eastern Holdings' divestment talks to CapitaLand Commercial Trust's acquisition, get your daily dose of all the latest in the world of business right here.

trader
Reuters
  • Singapore stocks closed little changed on Thursday, tracking weakness in other Asian equities on concerns over Federal Reserve rate hike but losses were capped as lenders advanced.
  • The Straits Times Index fell 0.13 percent or 4 points to end at 3,213.
  • Shares in taxi operator ComfortDelGro fell about 1 percent, its fourth straight decline after its unit SBS Transit lost the tender to operate the Thomson-East Coast line to competitor SMRT.
  • Shares in Raffles Education Corp, an operator of colleges and universities, slumped 9 percent. The company's said its chairman had been approached by various parties regarding his shareholding but no agreement has been reached.
  • CapitaLand Commercial Trust said it would buy Asia Square Tower 2 in Singapore's Marina Bay from BlackRock for about S$2.1 billion. Shares were suspended from trading.
  • Great Eastern Holdings gained 0.3 percent after saying "it is assessing possible options" in reponse to media reports suggesting that the life insurance company is mulling to divest its stake in Malaysia operations.

READ MORE