Daily Debrief: What Happened Today

Stories you might have missed

SGX securities turnover value up 11.5% to S$30.27b in May

OPTIMISM of a sustained economic recovery from the global health crisis bolstered derivatives demand, while cash equities were actively traded even as inflation concerns moderated gains.

Bayfront Infrastructure Management prices US$401m infrastructure asset-backed securities

THE transaction gives investors exposure to a portfolio of 27 project and infrastructure loans across 13 countries in the Asia-Pacific, the Middle East and South America.

Analysts raise targets on healthcare plays as Covid-19 testing, vaccinations ramp up

TWO brokerages have raised their respective earnings forecasts for Raffles Medical Group and Q&M Dental Group as they consider these healthcare plays well-poised to capture opportunities presented by Covid-19.

MC Payment controlling shareholder Ching says he lacks confidence in current board

THE controlling shareholder of MC Payment, Ching Chiat Kwong said this was due to "recent discoveries" as well as the current board's "failure to pay due regard to my rights as a shareholder".

LHN to raise S$2.2m in private placement of up to 6.5m new shares

ASSUMING that all the shares are fully placed out, LHN is expecting net proceeds of S$2.1 million which it intends to use for general working capital purposes.

The STI today

Singapore shares end the week in the red; STI down 0.14%

SINGAPORE shares reversed their gains on Friday to end the week in the red, with the benchmark Straits Times Index (STI) falling 0.14 per cent or 4.53 points to end at 3,157.97.