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Singapore Index Adds Gains; HC Surgical Shares Jump 20%

01/14/2021 | 04:33am
(MT Newswires) -- Singapore's Straits Times Index opened higher on Thursday and advanced 21 points or 0.7% to a near ten-month high of over 2,998 in late trade, buoyed by the initial inoculation of over 6,200 people in the city state so far.

During the day, the benchmark index ranged between 2,979.38 and 3,001.34 and ended 0.71% or 21.12 points higher at 2,998.63.

The country is also poised to open eight vaccination centers by the end of February. Traders shrugged the news that Japanese trading house Sumitomo (TYO:8053) will relocate its crude and fuel oil trading desks in Singapore to its Tokyo headquarters at the end of March.

In corporate news, shares of HC Surgical Specialists (SGX:1B1) surged 20% at Thursday's closing after the medical services group more than doubled its earnings for the fiscal first-half ended Nov. 30, 2020 and declared the highest ever interim dividend.

SPH REIT (SGX:SK6U) ended 3% higher after declaring a distribution per unit of S$0.012 for the fiscal first quarter ended Dec. 31, 2020, down 13% year on year.

Singapore Airlines (SGX:C6L) launched and priced $500 million in aggregate principal amount of 3% bonds due in July 2026, its first-ever offering of US dollar bonds.

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