Singapore's stock market closed in the red zone on Friday despite the city-state reporting an increase in its manufacturing output for December 2024.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,799.29 and 3,817.30 throughout the day. It ended the session at 3,804.26, down 2.31 points or 0.06% compared to Thursday's close.
In economic news, Singapore's manufacturing output increased 10.6% year-on-year in December 2024, mainly driven by strong performance from the electronics cluster, according to data released by EDB Singapore.
In company news, shares of Avi-Tech (SGX:1R6) were down nearly 9% after the company flagged a net loss for the fiscal first half ended Dec. 31, 2024.
Keppel DC REIT's (SGX:AJBU) shares were up over 2% at the close after the REIT's distribution per unit or DPU was up over 13% year over year to SG$0.04902 in the half ended Dec. 31, 2024, from SG$0.04332 a year earlier.
Meanwhile, ESR REIT's (SGX:J91U) distribution per unit or DPU was down nearly 16% year over year to SG$0.0097 in the second half of 2024 from SG$0.01186 a year earlier.
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