Sgx Singapore News Update : Epic Research Singapore

Singapore shares regained their footing on Thursday, with the benchmark index hitting its highest level in nearly a year, while Singapore Post Ltd struck its record high.

The benchmark Straits Times Index rose as much as 1 per cent to an intra-day high of 3,304.78, on course for its biggest daily gain in more than two weeks. MSCI's broadest index of Asia-Pacific shares outside Japan was more muted with a 0.2 per cent gain.
It will buy a minority stake in Singapore Post for S$312.5 million (US$249 million) to help set up an international e-commerce logistics business. Shares of SingPost soared as much as 12.9 per cent to their record high of S$1.75.


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