STI on upward trend as shares gain 0.5%
Leading the winners were DBS, OCBC and City Developments, all of which put on about 1%
THE rally continues. Taking its cue from Wall Street, which saw solid gains as tech stocks drove the Nasdaq to a fresh record and gains in blue chips lifted the Dow Jones Industrial Average up 0.7 per cent on Monday, share prices in the Singapore bourse also closed higher on Tuesday.
After a 1.2 per cent uptick on Monday, the benchmark Straits Times Index (STI) rose 15.68 points, or 0.45 per cent, to finish at 3,483.16 on Tuesday. Some 1.5 billion shares worth S$1.1 billion were traded. Losers outpaced gainers 206 to 185.
Blue chips that led the performance included DBS Bank, up 32 Singapore cents or 1.1 per cent to S$29.12, OCBC, higher by 11 Singapore cents or 0.9 per cent to S$12.88 and property developer City Developments, which gained 12 Singapore cents or 1.1 per cent to end at S$11.48.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DigitalBridge-backed Vantage said to weigh Hong Kong data centres sale
Vietnam delays launch of new stock trading system
Tesla’s plan for affordable cars takes page from Detroit rivals
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters
K-pop agency Hybe’s internal strife wipes out 1.2 trillion won