
The Singapore stock market, represented by the Straits Times Index (STI), ended a three-day losing streak on Thursday, closing 25.36 points or 0.67% higher at 3,806.57. Gains were led by financial and property stocks, while industrial counters showed mixed performances.
Top performers included DBS Group, which rallied 1.13%, and Hongkong Land, which rose 1.20%. Comfort DelGro gained 0.72%, while SingTel advanced 0.97%. However, Seatrium Limited fell 1.33%, and Keppel Ltd shed 0.45%.
The positive momentum is expected to continue, supported by upbeat global cues as European and US markets closed higher. This optimism comes ahead of the Lunar New Year holidays, with analysts expecting Asian markets to follow suit.
Additionally, Singapore’s industrial production data for December, set to be released later today, may influence trading sentiment. In November, production had dropped 0.4% month-on-month but recorded an 8.5% year-on-year increase.