Singapore shares edge higher as bank stocks lift STI 0.3%
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The benchmark Straits Times Index rose 0.3 per cent, or 13.9 points, to 4,368.42.
ST PHOTO: LIM YAOHUI
Renald Yeo
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- Singapore's Straits Times Index (STI) increased by 0.3% to 4,368.42, with advancers outnumbering decliners 402 to 187 on the stock market.
- Keppel led gains, rising 3.2%, while Hongkong Land experienced the biggest decline at 1.1%; local banks DBS, OCBC, and UOB also saw increases.
- Asian markets, including Hong Kong, Shanghai, and Japan, mostly closed higher.
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SINGAPORE - Shares on the Singapore bourse edged up on Oct 15, as the three local banks all finished the trading day higher.
The benchmark Straits Times Index (STI) rose 0.3 per cent, or 13.9 points, to 4,368.42.
Across the broader market, advancers outnumbered decliners 402 to 187, after 1.5 billion shares worth $1.4 billion changed hands.
Keppel was the STI’s top gainer, climbing 3.2 per cent or 29 cents to $9.30.
Genting Singapore remained the most actively traded STI counter by volume for a second straight day, with 48.2 million shares worth $35.2 million changing hands. The counter closed 0.7 per cent or $0.005 higher at 73 cents.
The biggest decliner on the index was Hongkong Land, which slipped 1.1 per cent or seven US cents to US$6.30.
Shares of the three local banks advanced on Oct 15. DBS Bank gained 0.2 per cent or 10 cents to $52.75, OCBC Bank rose 0.2 per cent or four cents to $16.82, and UOB added 0.1 per cent or three cents to $34.82.
Separately, DBS was named World’s Best AI Bank at the inaugural Global Finance AI in Finance Awards 2025.
Elsewhere in Asia, key indexes mostly ended higher.
Hong Kong’s Hang Seng Index rose 1.8 per cent or 469.25 points to 25,910.6, while the Shanghai Composite Index gained 1.2 per cent or 46.98 points to 3,912.21.
Japan’s Nikkei 225 meanwhile added 1.8 per cent or 825.35 points to 47,672.67, and Malaysia’s KLCI edged up 0.01 per cent or 0.09 point to 1,611.55. THE BUSINESS TIMES
