STI climbs 2.5% at close
SINGAPORE stocks reversed course for the fourth time in four days to gain 2.5 per cent, or 72.43 points, for a 2,945.43 close on Thursday following dovish remarks by a US central banker.
About 1.96 billion shares worth S$1.61 billion in total changed hands.
The most actively traded stock was Noble Group, which jumped 6.5 Singapore cents, or 14.4 per cent, to close at 51.5 Singapore cents with 137.4 million shares traded.
The Big 3 banks all rose, with DBS Group Holdings adding 2.5 per cent, or 44 Singapore cents, to finish at S$18.09. OCBC Bank increased by 3.2 per cent, or 28 Singapore cents, to close at S$9.17, while United Overseas Bank headed out at S$19.75 after rising by 2 per cent or 39 Singapore cents.
Gainers outnumbered losers 459 to 61, or about 8 up for every one down.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data
Hong Kong spot crypto ETFs to start trading next week
Greenback recovers from PMI slump, yen closes in on 155 per dollar
Hong Kong Stock Exchange bids farewell to first woman chair
Asia stocks rise on Wednesday amid Wall Street rally; STI up 0.6%