STI rises 0.2% to another new high, edging closer to 5,000 mark
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The blue-chip barometer rose 10.37 points to close at 4,975.87.
PHOTO: LIANHE ZAOBAO
Renald Yeo
- The Straits Times Index (STI) rose 0.2% to 4,975.87, nearing 5,000, marking a third straight session of record levels.
- Keppel led STI gainers, surging 6.1% to $11.62 after a 27.2% net profit increase and Piyush Gupta's appointment as chairman.
- Thai Beverage slid 3.1%; regional markets were mixed, with Hong Kong rising and Japan, South Korea, and Malaysia declining.
AI generated
SINGAPORE – Singapore stocks ended higher on Feb 5, with the Straits Times Index (STI) marking a third straight session at record levels and moving closer to the psychological 5,000-point mark.
The blue-chip barometer rose 0.2 per cent, or 10.37 points, to close at 4,975.87. The iEdge Singapore Next 50 Index gained 0.3 per cent, or 4.21 points, ending the day at 1,502.39.
Across the broader market, gainers outpaced losers 306 to 299, with 1.5 billion securities worth $2 billion changing hands.
Keppel led the STI’s gainers with a 6.1 per cent or 67-cent surge to a 12-year high of $11.62. The move came after the asset manager reported a net profit of $645.4 million from continuing operations for the second half ended Dec 31, 2025, up 27.2 per cent from a year earlier.
Investor sentiment was also buoyed by the announcement that Mr Piyush Gupta will assume the role of Keppel chairman on April 17.
The 66-year-old former DBS chief executive had been appointed Keppel’s deputy chairman and non-executive independent director in July 2025.
Thai Beverage was the worst-performing STI constituent on Feb 5, sliding 3.1 per cent, or 1.5 cents, to 46.5 cents after trading ex-dividend.
The three local banks ended mostly higher. DBS climbed 0.6 per cent, or 33 cents, to $59.66, UOB gained 0.2 per cent, or six cents, to $38.65, while OCBC Bank was almost flat, edging up 0.05 per cent, or one cent, to $21.45.
Key regional markets were mixed.
Hong Kong’s Hang Seng Index added 0.1 per cent, while Japan’s Nikkei 225 fell 0.9 per cent. South Korea’s Kospi slid 3.9 per cent, and the FTSE Bursa Malaysia KLCI declined 0.7 per cent. THE BUSINESS TIMES
