Singapore securities’ trading value highest in months as STI rallies 0.7%
Inflight caterer and ground handler Sats jumps 5.4% or S$0.17 to S$3.29, a 52-week high
SINGAPORE’S securities market was at its most active in recent times, as transaction value hit S$1.85 billion on Friday (Jul 12).
The value was the highest since May 31, 2024, pointed out Geoff Howie, market strategist at the Singapore Exchange.
The Straits Times Index (STI) closed 22.72 points or 0.7 per cent higher at 3,497.78, led by increases in the prices of interest rate-sensitive real estate investment trusts (Reits) and property stocks.
Across the broader market, gainers beat decliners 423 to 209, with trading volume reaching 1.76 billion securities.
These came as Singapore and the United States both reported better-than-expected data.
The city-state’s economy improved 2.9 per cent year on year, leading some economists to raise their full-year estimates.
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The consumer price index slowed in the US – coming in negative on the month and well below expectations – clearing the way for the Federal Reserve to begin cutting rates soon.
The STI ended 2.5 per cent higher for the week.
Mapletree Pan Asia Commercial Trust climbed 5.5 per cent or S$0.07 to S$1.34, taking the title of the top-performing STI stock on Friday.
Inflight caterer and ground handler Sats jumped 5.4 per cent or S$0.17 to S$3.29, a 52-week high.
However, another constituent stock, Yangzijiang Shipbuilding, closed S$0.02 or 0.9 per cent lower at S$2.26 amid a steady drop over the week.
International Cement , the most active counter, had a trading volume of about 117.5 million shares. It closed S$0.002 or 10.5 per cent higher at S$0.021.
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