Across the broader market, advancers outnumber decliners 322 to 231, after 1.4 billion shares worth S$1.4 billion change hands
THE Straits Times Index (STI) edged up 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 settled 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 at S$3.35, and AEM rose 4.5 per cent or S$0.07 to S$1.61 by the end of trading on Tuesday.
Across the broader market, advancers outnumbered decliners 322 to 231, after 1.4 billion shares worth S$1.4 billion changed hands.
Across the region, major indices edged higher. The Kospi was up 0.6 per cent and the Nikkei 225 rose 0.3 per cent. Hong Kong’s Hang Seng Index settled 1.6 per cent higher, while the Bursa Malaysia Kuala Lumpur Composite Index ticked up 0.1 per cent.
The meeting between China President Xi Jinping and business leaders, including those from the tech sector, could support better 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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