Investing Updates: SGX Weekly Review｜Seatrium Jumps 7%; NIO and YZJ Shipbldg Gain 3%; SingPost Plunges 7%

URL: https://ttm.financial/news/1160317070?lang=en_US&edition=fundamental

Gemini Summarized:

The Singapore stock market rose this week, with the Straits Times Index (STI) up 1.4%.

• Seatrium rose 7.3%
• NIO rose 3.1%
• YZJ Shipbldg rose 2.8%
• Keppel rose 2.1%
• Genting Singapore rose 2%
• DBS rose 1.7%
• SIA rose 1.3%

On the flip side, SingPost fell 7.1% and Singtel fell 0.6%.

Here are some other news from Singapore this week:

• Singapore's core inflation eased more than expected in November, while headline inflation rose at a faster pace than the month prior.
• Prime Minister and Minister for Finance Lawrence Wong will deliver Singapore’s Budget 2025 statement in Parliament on Feb 18.
• Singapore Post fired CEO over mishandling whistleblower report.
• Seatrium repurchased 1.0 million shares in the open market on Tuesday.
• OCBC Plans S$7.5 Million Living-Cost Payout to Junior Staff.
• Nio’s Onvo L60 Delivered 20,000 Units Three Months After the Launch.
• Gojek, Tada, ComfortDelGro Zig Raising Platform Fees from Jan 1 to Cover Costs Arising from Upcoming Platform Workers Act.