Singapore shares close higher, Creative tops the losers

SINGAPORE shares closed higher on Thursday as uncertainty lingered over US President Donald Trump's tariff plans.

The Straits Times Index (STI) finished the day at 3,480.44, up 29.75 points, or 0.86 per cent. Almost two billion shares worth S$1.1 billion changed hands. There were 279 gainers to 138 losers, or about two stocks up for every one down.

Creative Technology bucked the trend and took a heavy beating, ending at S$5.91, down S$1.17, or 16.5 per cent, down, partly on news that co-founder Ng Kai Wa had disposed some of his shares in the IT company. Stockbroker Phillip Securities has also imposed trading restrictions on the stock.