Singapore stocks rise amid mixed Asian performance; STI up 0.6%

The iEdge Singapore Next 50 Index sheds 0.8% or 12.59 points to 1,505.20. Read more at straitstimes.com.

SINGAPORE - Shares on the Singapore bourse closed higher on Feb 27 amid mixed regional trading. The benchmark Straits Times Index (STI) gained 0.6 per cent or 30.69 points to finish at 4,995.07.

Yangzijiang Shipbuilding led the gainers on Singapore’s blue-chip index, rising 10.7 per cent to end at $4.34.

The worst performer among STI constituents was manufacturing company Venture Corporation, falling 7.5 per cent to close at $15.63.

Meanwhile, the iEdge Singapore Next 50 Index lost 0.8 per cent, or 12.59 points, to 1,505.20.

Within the iEdge Singapore Next 50 Index, Yangzijiang Maritime was the top gainer, rising 7.8 per cent to finish at 62.5 cents, while PropNex led losses, shedding 8.5 per cent to end the session at $2.04.

AEM Holdings surged as much as 21 per cent to $2.99 in the morning before closing at $2.90, up 17.4 per cent from the previous day. About 22.2 million shares changed hands.