Singapore shares ended lower on Monday with the Straits Times Index slipping 23.28 points to 3,214.25.Here are some factors and company news that could affect the market this Tuesday morning:
Tiger Airways said its introduction of new capacity and destinations for Tigerair the past year has enabled it to consolidate its position as Singapore largest low-cost carrier (LCC). Citing the Centre for Aviation's latest LCC sector report last week, the Singapore-based airline said it accounts for over 33% of total LCC capacity at Changi International Airport, well above the 26% and 23% capacity share of the next closest competitor.
LionGold Corp said it had signed an ore processing agreement with Australian-listed A1 Consolidated Gold Limited. Under the deal, up to 450,000 tonnes of ore (up to 150,000 tonnes per year) from the A1 Gold Mine would be processed at the nearby Ballarat gold plant, owned by LionGold subsidiary Castlemaine Goldfields, over a three-year period.
Typhoon Usagi has damaged some abalone farms run by Singapore-listed Oceanus Group in China's Guangdong and Fujian provinces, it announced on Monday.
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