Singapore shares track regional gains with ST Engg top gainer; STI up 0.5%
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Across the broader market, advancers outnumbered decliners 322 to 231, after 1.4 billion shares worth $1.4 billion changed hands.
PHOTO: REUTERS
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SINGAPORE - The Straits Times Index (STI) edged up on Feb 18, mirroring regional indexes. It closed 0.5 per cent, or 20.71 points, higher at 3,925.56.
The index’s top gainer was ST Engineering, up 11 cents, or 2.2 per cent, to $5.11. Its biggest loser was Hongkong Land, which fell 13 US cents, or 2.9 per cent, to US$4.36.
The trio of local banks settled higher. DBS rose 80 cents, or 1.8 per cent, to $45.80. OCBC was up 18 cents, or 1 per cent, to $17.76, and UOB advanced four cents, or 0.1 per cent, to $38.65.
Sats and AEM got an uplift after being mentioned by Prime Minister Lawrence Wong
Across the broader market, advancers outnumbered decliners 322 to 231, after 1.4 billion shares worth $1.4 billion changed hands.
Across the region, major indexes edged higher. The Kospi was up 0.6 per cent and the Nikkei 225 rose 0.3 per cent. Hong Kong’s Hang Seng Index settled 1.6 per cent higher, while the Bursa Malaysia Kuala Lumpur Composite Index ticked up 0.1 per cent.
The meeting between Chinese President Xi Jinping and business leaders, including those from the tech sector, could support better sentiment for Chinese stocks, said a Maybank report on Feb 18.
Reducing unreasonable fines and levelling the competitive field for private firms were among the results of those discussions. THE BUSINESS TIMES
