Singapore traders go huat ah!
STI up an auspicious 8.88% year-to-date; value traded healthy but gainers and losers evenly matched
THE bullish sentiment that has lifted the Singapore market this year continued on Thursday, with the benchmark Straits Times Index (STI) hitting an early-morning intraday high of 3,158.26 points.
That eased down to 3,136.48 points by the market's close, near the year's high and up by around 14 points. However, the gainers-losers ratio was much closer at 245-239. Value traded was at a robust S$1.8 billion and volume traded, at 2.8 billion shares, was not too shabby either.
The STI is up a lucky 8.88 per cent year-to-date, or a US dollar-adjusted 11.6 per cent, making it one of the best performers in Asia. Market activity was dominated by optimism about the Jardine stable, Singapore banks, and other major blue-chip counters such as Keppel Corp, CapitaLand and City Developments.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
US: Stocks closes up another weekly gain ahead of inflation data
Europe: Stocks close at record high on earnings, rate cut optimism
Oil falls on prospect of higher-for-longer US rates, stronger dollar
Frasers Property H1 profit slides 81% on property value losses, lower residential contributions
US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties
Barclays cuts jobs in energy transition team it only just built