STI inches higher on Nov 13, tracking regional benchmarks
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Across the broader market, gainers edged out losers 318 to 252, after 1.2 billion securities worth $1.8 billion changed hands.
ST PHOTO: KUA CHEE SIONG
Benjamin Cher
- Singapore's STI rose 0.2% to 4,575.91, with gainers exceeding losers in a positive regional trend on November 13.
- ST Engineering increased by 4.7% to $8.68, leading gains while DBS fell 1.5% to $54.21..
- Investors are closely watching upcoming US public sector data, as incomplete information could "spark meaningful shifts in asset prices". (Mr Jose Torres, Interactive Brokers)
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SINGAPORE - Singapore stocks ended higher on Nov 13, tracking regional peers.
The benchmark Straits Times Index (STI) gained 0.2 per cent or seven points to finish at 4,575.91. Meanwhile, the iEdge Singapore Next 50 Index gained 0.2 per cent or 2.56 points to 1,459.85.
Across the broader market, gainers outnumbered losers 318 to 252, after 1.2 billion securities worth $1.8 billion changed hands.
Key regional indexes were positive. Hong Kong’s Hang Seng Index gained 0.6 per cent; Japan’s Nikkei 225 index rose 0.4 per cent; South Korea’s Kospi was up 0.5 per cent; while the FTSE Bursa Malaysia KLCI remained flat.
ST Engineering led the gainers on Singapore’s blue-chip index, rising 4.7 per cent or 39 cents to end at $8.68.
The worst performer among STI constituents was DBS, which fell 1.5 per cent or 84 cents to close at $54.21 as it went ex-dividend.
The other local banks also ended lower. OCBC Bank dropped 0.3 per cent to $18.66, and UOB dipped 0.1 per cent to finish at $34.10.
Upcoming US public sector data will be closely watched by investors, who have been positioning themselves while devoid of government figures, said Mr Jose Torres, senior economist at Interactive Brokers.
“It’s precisely during the augmented period when participants made investments with incomplete information that could spark meaningful shifts in asset prices, depending on the findings,” he added. THE BUSINESS TIMES
