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Tech counters Venture, CSE Global up 11% after strong Q1 updates

Tech counters Venture, CSE Global up 11% after strong Q1 updates

[SINGAPORE] Shares of technology companies Venture Corporation and CSE Global soared on Wednesday (May 6) after both reported positive first-quarter updates, reaching three and 19-year highs, respectively.

Shares of high-tech manufacturing and R&D player Venture rose as much as 11.5 per cent, reaching a high of S$18.38 as at 2 pm. The counter later pared some gains to close 10.9 per cent up at S$18.28.

The jump made it Wednesday’s top gainer on the Straits Times Index, having hit hit its highest mark since February 2023.

Systems integrator CSE’s shares went up as much as 14.7 per cent to S$1.56 as at 11.03 am; the counter was last this high in April 2007. At the close of trading, it was 11.8 per cent up at S$1.52.

The gains followed…

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