Market Watch: Key Companies Making Headlines

Hold onto your portfolios, investors! April 10, 2025, is proving to be a pivotal day as some of Singapore’s most influential companies announce game-changing updates that could impact market movements.

Exciting Contract for ST Engineering

ST Engineering has clinched a substantial S$1.4 billion contract for turnkey rail services linked to the upcoming Taichung mass rapid transit Blue Line. This deal spans approximately 14 years and is set to kick off in Q2 2025. However, despite this optimistic news, shares dipped by 0.6% to S$6.30 as of Wednesday.

Share Buyback Bonanza!

In a strategic move, Singapore Exchange (SGX) recently purchased 150,000 shares for an impressive S$1.8 million, with share prices hovering between S$12.08 and S$12.15. Prior to this purchase, SGX shares saw a 0.8% climb to close at S$12.12.

Meanwhile, Singapore Airlines (SIA) bought back 522,500 shares at S$5.91 to S$6.05, totaling S$3.1 million. Despite this aggressive repurchase strategy, shares closed slightly lower at S$5.99.

Big Moves from Major Banks