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Daily Debrief: What Happened Today
Singapore's factory production delivered another impressive performance for the month of October, shrugging off a steep decline in biomedical output. The Economic Development Board on Friday reported that the overall manufacturing output grew 14.6 per cent in October, slightly missing economist estimates of 16 per cent.
Shares of MindChamps Preschool made a firm debut on the Singapore Exchange's mainboard on Friday. The counter opened at S$0.84 and finished at the day's high of S$0.92, 10.84 per cent above its S$0.83 IPO price.
Reaping the rewards of going big on tech, DBS Group Holdings Ltd has pushed past Singapore Telecommunications Ltd to become South-east Asia's biggest company by market capitalisation.
Noble Group Ltd's stock sell-off deepened as the trader pressed on with an effort to restructure its debt burden amid concerns it will default and, separately, transferred a block of shares to employees who are leaving the company as it disposes of North American energy assets.
The Loh family took to the hard concrete Orchard Road pavement for 20 hours with the aim of purchasing soft, new mattresses for their home. Mr Gilbert Loh, 54, a freelance coach, who was first in line outside Robinson's Heeren to shop for Black Friday, said his family had been queuing since 11am on Thursday.
Ezion Holdings, which had asked creditors for support to push back debt deadlines, said Friday an originating summons taken out by a substantial bond holder has been dismissed by Singapore's High Court.
Top Glove Corp has entered into exclusive negotiations to buy the medical gloves business of Adventa Capital in a cash-and-shares deal.
The STI Today
The benchmark index was up by 18.98 points, or 0.55 per cent, to 3,442.15, with gainers outnumbering losers 243 to 172.