Singapore stocks inch up 0.15% amid regional dip

The local stock market kept up its recent reversal of fortunes on Thursday, rising just a tad even as its regional peers headed south.

The benchmark Straits Times Index (STI) added another 4.45 points, or 0.15 per cent, to 3,039.90, stretching its winning streak to six straight sessions.

Investor sentiment across Asia was downbeat, taking their lead from Wall Street's overnight dip as traders took profit. Thus, Japan shares shed 1.8 per cent, Hong Kong equities eased 0.5 per cent, while Shanghai stocks slipped 0.6 per cent.

Back home, 13 of the 30 STI component stocks went up, with the same amount losing ground and four unchanged.

The gainers included Thai Beverage which added two cents to 53 cents, and SingTel which rose six cents to $3.57 after reporting brighter quarterly profit earlier in the day.