Shares in Singapore Hits New Peak in Afternoon Deals
2025-11-06 06:49
By
Farida Husna
1 min. read
The Straits Times Index surged 56 points, or 1.3%, to a fresh high of 4,473 in Thursday afternoon trade, rebounding after two sessions of losses.
Sentiment improved following an overnight rally on Wall Street, fueled by stronger-than-expected U.S.
economic data and easing concerns over stretched tech valuations.
Locally, retail sales in Singapore rose for the seventh consecutive month in September, though the pace of growth slowed.
On the policy front, the Monetary Authority of Singapore kept its monetary stance unchanged in October, noting that the economy remains resilient despite global trade headwinds.
Still, further gains were tempered by growing vigilance ahead of crucial data in major trading partner China, including October trade and price figures.
Most sectors traded higher, led by retail, manufacturing, and financials.
Among top movers were DBS Group (3.6%), OCBC (1.1%), Singapore Telecommunications (4.0%), Yangzijiang Shipbuilding (3.6%), and SIA Engineering (4.5%).