Singapore shares edge higher as bank stocks lift STI 0.3%

[SINGAPORE] Shares on the Singapore bourse edged up on Wednesday (Oct 15), as the three local banks all finished the trading day higher.

The benchmark Straits Times Index (STI) rose 0.3 per cent, or 13.9 points, to 4,368.42. Across the broader market, advancers outnumbered decliners 402 to 187, after 1.5 billion shares worth S$1.4 billion changed hands.

Keppel was the STI’s top gainer, climbing 3.2 per cent or S$0.29 to S$9.30.

Genting Singapore remained the most actively traded STI counter by volume for a second straight day, with 48.2 million shares worth S$35.2 million changing hands. The counter closed 0.7 per cent or S$0.005 higher at S$0.73.

The biggest decliner on the index was Hongkong Land, which slipped 1.1 per cent or US$0.07 to US$6.30.

Shares of the three local banks advanced on Wednesday. DBS gained 0.2 per cent or S$0.10 to S$52.75, OCBC rose 0.2 per cent or S$0.04 to S$16.82, and UOB added 0.1 per cent or S$0.03 to S$34.82.

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Separately, DBS was named “World’s Best AI Bank” at the inaugural Global Finance AI in Finance Awards 2025.

Elsewhere in Asia, key indices mostly ended higher.

Hong Kong’s Hang Seng Index rose 1.8 per cent or 469.25 points to 25,910.60, while the Shanghai Composite Index gained 1.2 per cent or 46.98 points to 3,912.21.

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Singapore shares fall 0.8% even as Q3 GDP growth beats forecast

Japan’s Nikkei 225 added 1.8 per cent or 825.35 points to 47,672.67, and Malaysia’s KLCI edged up 0.01 per cent or 0.09 point to 1,611.55.