Singapore shares hit new high; STI up 1.5%

[SINGAPORE] Local shares ended Thursday (Nov 6) higher, lifted by record gains in DBS and Singtel .

The benchmark Straits Times Index (STI) rose 1.5 per cent or 67.87 points to close at an all-time high of 4,484.99. Meanwhile, the iEdge Singapore Next 50 Index gained 0.04 per cent or 0.6 points to 1,443.88.

Singtel was the day’s top blue-chip gainer, rising 5.4 per cent or S$0.23 to close at a record S$4.50. This followed media reports that the local telco and global investment firm KKR & Co are in talks to buy more than 80 per cent of ST Telemedia Global Data Centre. The S$5 billion deal will give Singtel and KKR full ownership of the Singapore data centre.

DBS also hit a record high on Thursday, gaining 3.8 per cent or S$2.04 to end at S$55.54 after its Q3 earnings beat analysts’ forecasts. The counter’s net profit for the third quarter ended Sep 30, 2025, fell 2 per cent to S$2.95 billion, compared with S$3.03 billion for the year-ago period.

The biggest decliner on the STI was UOB , which also reported its Q3 earnings on Thursday. The counter fell 2.8 per cent or S$0.97 to S$33.90 after it reported a 72 per cent year-on-year decline in net profit.

OCBC , which will report its earnings on Friday, ended 0.8 per cent or S$0.13 higher at S$17.19.

SEE ALSO

DBS general allowance ‘more than adequate’: CEO Tan Su Shan

DBS banks on deposit growth to keep income stable in 2026 as interest rates fall

Coliwoo closes at S$0.585 on first trading day, 2.5% below IPO price

DBS shares soar more than 3.8% to hit a record high, after posting earnings that beat forecasts

UOB shares end 2.8% down after Q3 profit tumbles

YZJ Financial right to spin off maritime assets

S$1 billion jump in allowances slash UOB Q3 profit to S$443 million

More

Asean Intelligence

Get insights into businesses across South-east Asia

Get the free report

Genting Singapore was the most actively traded counter on the STI by volume, with 77.6 million units worth S$56.8 million traded. The counter ended flat at S$0.73.

Across the broader market, advancers outnumbered decliners 376 to 190 after 1.5 billion securities worth S$2.9 billion changed hands.

Key regional indices mostly ended in positive territory. South Korea’s Kospi rose 0.6 per cent; Japan’s Nikkei 225 gained 1.3 per cent; Australia’s ASX 200 grew 0.3 per cent; and Hong Kong’s Hang Seng Index was up 2.1 per cent.