Singapore shares track regional gains on Tuesday; STI up 0.5%
Across the broader market, gainers beat losers 322 to 231, after 1.4 billion securities worth S$1.4 billion change hands
THE Straits Times Index (STI) advanced on Tuesday (Feb 18), mirroring regional indices. It closed 0.5 per cent or 20.71 points higher at 3,925.56.
The index’s top gainer was ST Engineering, up 2.2 per cent or S$0.11 at S$5.11. Meanwhile, its biggest loser was Hongkong Land, falling 2.9 per cent or US$0.13 to US$4.36.
The trio of local banks ended higher. DBS rose 1.8 per cent or S$0.80 to S$45.80, OCBC was up 1 per cent or S$0.18 at S$17.76, and UOB closed 0.1 per cent or S$0.04 higher at S$38.65.
Sats and AEM got an uplift from being mentioned by Prime Minister Lawrence Wong during the Budget 2025 speech. Sats ticked up 1.8 per cent or S$0.06 to S$3.35, while AEM climbed 4.5 per cent or S$0.07 to S$1.61 by the end of trading on Tuesday.
Across the broader market, gainers beat losers 322 to 231, after 1.4 billion securities worth S$1.4 billion changed hands.
Major indices in the region also closed higher. Japan’s Nikkei 225 rose 0.3 per cent, South Korea’s Kospi was up 0.6 per cent, Hong Kong’s Hang Seng gained 1.6 per cent, while the Bursa Malaysia KLCI ticked up 0.1 per cent.
The meeting between Chinese President Xi Jinping and business leaders, including those from the tech sector, could boost sentiment for Chinese stocks, said a Maybank report on Tuesday. Reducing unreasonable fines and levelling the competitive field for private firms were among the results of those discussions.
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