Singapore's Straits Times Index failed to build on yesterday's momentum and fell marginally into the negative territory on Thursday's close, led by declines by real estate investment trusts and other indices ahead of the earnings season.
During the day, the benchmark index ranged between 3,140.47 and 3,154.67, ending 0.18% or 5.69 points lower at 3,147.64.
In corporate news, ESR-Logos REIT (SGX:J91U) closed 3% lower on Thursday, as the trust leased out its pharmaceutical manufacturing facility in Singapore, known as 3 Tuas South Ave 4, to PharmaGend Global Medical Services for a period of 20 years with built-in rental escalations.
Beng Kuang Marine (SGX:BEZ) completed the sale of 90,000 square meters of its Batam shipyard property to Oil States Industries (Asia), sending the company's shares down over 4% at market close.
CapitaLand India Trust (SGX:CY6U) shares ended Thursday nearly 1% lower on news that the trust has established its first captive solar plant in Tamil Nadu, India, which is expected to generate over 30 million kilowatt-hours of electricity annually.
