Singapore stocks end higher on Friday; STI gains 0.4%
Genting Singapore leads the gainers on the blue-chip index
Singapore stocks closed higher on Friday, Aug 14, with the Straits Times Index (STI) climbing 0.4% to 5,743.59 points. Genting Singapore led the blue-chip index gainers, surging 6.4% to S$0.665. The STI's worst performer was UOL Group, which fell 2.8% to S$9.28. Among local banks, OCBC rose 0.9%, UOB increased 0.2%, while DBS fell 1.3%.
The iEdge Singapore Next 50 Index saw First Resources as the top gainer at 7.6%, while Yanlord Land was the biggest decliner at 9.8%. The broader market saw more losers than gainers, with 1.4 billion securities changing hands, worth S$2.7 billion. Genting Singapore was the most actively traded stock, while DBS had the highest traded value.
Regional indices were mixed, with Hong Kong's Hang Seng Index down 1.1%, FTSE Bursa Malaysia KLCI falling 0.4%, Japan's Nikkei 225 rising 0.6%, and South Korea's Kospi gaining 2.4%. Analyst Ipek Ozkardeskaya of Swissquote noted the uncertainty surrounding the Federal Reserve's main priority, as well as Japanese Prime Minister Sanae Takaichi's challenges with interest rates.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
