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Singapore stocks rose on Wednesday—STI up by 0.6%

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Hiap Seng was the most actively traded stock by volume, with about 6 million shares exchanged

Singapore stocks rose on Wednesday, June 19, following a robust performance in US markets, where Nvidia overtook Microsoft as the world’s most valuable company.

Market sentiment was positive, with 78 gainers outnumbering 33 losers after 36.3 million securities worth S$72.1 million were traded.Hiap Seng’s price remained steady at S$0.005. Singtel also saw significant activity, with its shares increasing by 0.4% or S$0.01 to S$2.59. CapitaLand Ascendas REIT followed closely, rising 0.4% or S$0.01 to S$2.56.United Overseas Bank climbed 1.4% or S$0.44 to S$31.04. DBS Group Holdings saw a modest increase of 0.3% or S$0.10 to S$35.

 

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Hiap Seng Industries posts $20.1m net profit for FY24pstrongRevenue for the period was also 34.1% higher year-on-year./strong/p pHiap Seng Industries reported earnings of $20.1m for the fiscal year ending 31 March, a reversal from the $2.56m loss recorded in the previous year./p pThe company also report a revenue growth of 34.1% to $24.9m for the same period.
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