Thursday, June 5, 2025
No menu items!
No menu items!

Singapore stocks rose on Thursday’s open—STI gained 0.4%

-Top Ads -

SINGAPORE: Singapore stocks opened higher on Thursday (Nov 28) while Asian markets traded within a narrow range as investors stayed on the sidelines ahead of the US Thanksgiving holiday.

The Straits Times Index (STI) gained 0.4% or 14.24 points to 3,722.33 by 9:03 am, as reported by The Business Times.

In the broader market, 65 stocks gained, while 31 declined, with 32.9 million securities valued at S$51.2 million traded.

Air-conditioning services provider Progen Holdings led the trading volume. Its price rose 6.7% or S$0.002 to S$0.032, with 5.5 million shares traded. Thai Beverage (ThaiBev) also gained 0.9% or S$0.005 to S$0.555, with nearly four million shares traded.

Ad Unit One -Ad script goes here

All three major banks in Singapore traded higher at the open after a rise in inflation data preferred by the US Federal Reserve. This supported the central bank’s careful approach to lowering interest rates. DBS rose 0.3% or S$0.14 to S$41.99, OCBC gained 0.4% or S$0.06 to S$16.14, and UOB climbed 0.6% or S$0.23 to S$36.56.

Wall Street fell on Wednesday, pulling back from record highs as inflation data revealed a rise in consumer prices. After three consecutive closing records for the Dow and a new high for the S&P 500 on Tuesday, both indices, along with the Nasdaq, declined in the week’s final full trading session.

Ad Unit 2 -Ad Unit two

The Dow Jones Industrial Average dropped 0.3% to 44,722.06, the S&P 500 fell 0.4% to 5,998.74, and the tech-heavy Nasdaq Composite Index retreated 0.6% to close at 19,060.48.

In Europe, stocks also fell amid growing concerns over the French government’s ability to pass its budget plan. The pan-European Stoxx 600 slipped 0.2% to 504.96 points, while France’s blue chips index CAC 40 dropped 0.7%. /TISG

Read also: Singapore stocks rose as trading began on Wednesday—STI rose 0.3%

Featured image by Depositphotos

- Below Post -Bootom of post

Hot this week

Sharon Osbourne regrets dramatic weight loss

Television personality Sharon Osbourne appeared on Piers Morgan’s show...

X users defending Emma Roberts over statement from Angelica Ross claiming she is transphobic 

The topic of transphobia is one of the utmost...

Brain Implant: Elon Musk’s Neuralink venture now ready for human trials

After controversial tests on monkeys, Elon Musk’s groundbreaking company,...

Ryeoun and Ha Yoo Joon’s tension boils over in ‘Namib’

KOREA: As reported by Soompi, Ryeoun faces a pivotal...

Blossoms and lanterns in Chinese New Year celebration at Gardens by the Bay

SINGAPORE: In late January, Singapore’s Gardens by the Bay...

‘Someone Cute’ — NMIXX’s Haewon teased for naming Byeon Woo Seok as her ideal type

KOREA: As reported by PINKVILLA, NMIXX's Haewon recently shared...

Man says new electric bus is uncomfortable, not senior-friendly

SINGAPORE: A man took to social media to express...

Would you live in a ground-floor unit in front of a car park? Residents weigh pros and cons

SINGAPORE: Singaporean residents weighed the pros and cons of...

Obesity prevalence: Singapore ranks 3rd in Southeast Asia

SINGAPORE: A recent infographic published by Seasia Stats shows...
spot_img
Add custom code here

Related Articles

Popular Categories

spot_imgspot_img