Singapore shares rise amid mixed regional showing; STI up 0.5%
Across the broader market, gainers beat decliners 258 to 155, as 1.6 billion securities worth S$1.6 billion change hands
[SINGAPORE] Singapore stocks continued to climb on Wednesday (Oct 1), amid a mixed showing from regional bourses.
The blue-chip Straits Times Index (STI) closed 22.96 points or 0.5 per cent up at 4,323.12, marking the third consecutive day of gains.
Across the broader market, gainers beat decliners 258 to 155, with 1.6 billion securities worth S$1.6 billion in total transacted.
LHN shares finished at S$0.95, up 2.2 per cent or S$0.02, after the property management group said its co-living business Coliwoo had lodged a preliminary prospectus for a Singapore Exchange (SGX) mainboard listing.
The unit’s portfolio comprises 25 properties across the city-state; of these, 11 are owned by the group, 10 are leased, and four are managed by the group.
Meanwhile, shares of Thakral Corporation rose 2.5 per cent or S$0.04 to S$1.65, just shy of its 52-week high of S$1.66. The rally followed the company’s announcement that it had divested Yotsubashi Nakano Building, a commercial property in Japan, for 5.3 billion yen (S$46.2 million).
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The sale unlocked around S$6.4 million in cash flow and led to a one-off attributable profit of about S$2 million.
Addvalue Technologies was the most actively traded stock on Wednesday, after it announced before market open that it was on track to meeting criteria for exiting the SGX watch list. It gained 14.3 per cent or S$0.005 to end at S$0.04, with 120.5 million shares transacted.
The technology company has been on the watch list since December 2023. It had clocked three years of pre-tax losses, but said it had managed to eke out a US$2 million net profit for its FY2025 ended June.
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On the STI, Yangzijiang Shipbuilding declined 2.7 per cent or S$0.09 to S$3.28, making the China-based shipbuilder the worst performer on the blue-chip barometer.
Seatrium was the top STI performer. Shares of the engineering solutions provider logged a 2.1 per cent or S$0.05 rise to finish at S$2.42.
The three local banks closed with their shares up as well. OCBC rose 0.4 per cent or S$0.07 to S$16.51, UOB added 0.3 per cent or S$0.01 to close at S$34.68, and DBS climbed 0.8 per cent or S$0.43 to S$51.58.
Elsewhere in the region, key indices were mixed. Japan’s Nikkei 225 fell 0.9 per cent and Australia’s ASX 200 slipped 0.04 per cent, while the FTSE Bursa Malaysia KLCI Index gained 0.6 per cent. Mainland China and Hong Kong stock exchanges were closed for a holiday.
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