Singapore stocks end higher amid mixed regional showing; STI up 0.02%
Venture Corporation leads the gainers on the blue-chip index, rising 2.5% to S$17.65
[SINGAPORE] Singapore stocks ended higher on Thursday (May 21).
The benchmark Straits Times Index (STI) gained 0.02 per cent or 0.80 points to finish at 5,045.71.
Venture Corporation led the gainers on Singapore’s blue-chip index, rising 2.5 per cent or S$0.43 to end at S$17.65.
The worst performer among STI constituents was Singtel , falling 6.4 per cent or S$0.32 to close at S$4.70. The telco had earlier posted a H2 net profit of S$2.2 billion, down 20.9 per cent from the year-ago period.
The three local banks ended higher. DBS gained 0.7 per cent or S$0.45 to S$61.75, OCBC rose 0.4 per cent or S$0.09 to S$23.33, and UOB was up 0.3 per cent or S$0.10 at S$37.69.
Across the broader market, gainers edged out losers 315 to 285, after 1.8 billion securities worth S$2.6 billion changed hands.
Key regional indices were mixed. Hong Kong’s Hang Seng Index lost 1 per cent, Japan’s Nikkei 225 index rose 3.1 per cent, South Korea’s Kospi was up 8.4 per cent and the FTSE Bursa Malaysia KLCI declined 0.5 per cent.
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