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Singapore Shares Slip. STI Falls 0.8%; Boustead Singapore Plunges 13%; CityDev, SGX, Keppel Down Around 2%; SATS Jumps Nearly 6%
Singapore shares closed in the red on Tuesday, tracking broader regional losses over the recent clash between the US and Iran near the Strait of Hormuz.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 5,028.80 and 5,072.08 throughout the day. It ended the session at 5,028.80, down 41.75 points or 0.8% compared to Monday's close.The two parties had a skirmish near the Strait, which could have an impact on an interim peace deal.In economic news, Singapore's manufacturing output jumped 17.6% in April, backed by strong growth across almost all clusters, the city-state's Department of Statistics reported.On the corporate front, shares of Boustead Singapore sank over 13% at the close even after its profit attributable to equity holders surged 235% during the fiscal second half ended March 31 to SG$197.7 million from SG$59.1 million a year earlier.SATS' shares closed nearly 6% higher as its attributable profit to owners rose to SG$135.4 million in fiscal
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