STI up 15.23 points on optimism for upcoming Q3 earnings results
Ascendas Reit and Mapletree units among top performers; strong trade data from China raises investor hopes.
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
THE benchmark Straits Times Index (STI) on Tuesday climbed 0.6 per cent or 15.23 points to close at 2,567.65, extending Monday's gains.
This comes ahead of the third-quarter results season. DBS Group Research analysts Yeo Kee Yan and Janice Chua said in a report on Oct 13 that "the worst of the earnings cuts has passed".
Ascendas Reit (A-Reit) was the best performer among the STI constituents, rising 3.44 per cent or S$0.11 to close at S$3.31.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
