logo
Singapore shares rise amid mixed regional showing; STI up 0.4%

Singapore shares rise amid mixed regional showing; STI up 0.4%

Business Times21-07-2025
[SINGAPORE] The Straits Times Index (STI) extended its upward trajectory on Monday (Jul 21) amid a mixed performance in regional markets.
The benchmark index gained 17.63 points or 0.4 per cent to close at a new high of 4,207.13.
Across the broader market, gainers beat decliners 333 to 224 after 2.06 billion shares worth S$1.4 billion changed hands.
Among the blue-chip stocks on the STI, Frasers Logistics and Commercial Trust emerged as the top gainer on Monday. The counter rose 3.5 per cent or S$0.03 to close at S$0.88.
The worst performer was Wilmar International , which fell 1 per cent or S$0.03 to finish at S$3.02.
Thai Beverage was the most actively traded constituent stock. The counter closed flat at S$0.475 with some 51 million shares traded.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Singapore, Malaysia markets rise; South Korea stocks slump 3% as Trump sets new tariff rates
Singapore, Malaysia markets rise; South Korea stocks slump 3% as Trump sets new tariff rates

Business Times

time5 hours ago

  • Business Times

Singapore, Malaysia markets rise; South Korea stocks slump 3% as Trump sets new tariff rates

[SINGAPORE] Singapore stocks opened slightly up on Friday (Aug 1), while Malaysia markets jumped and Taiwan slumped, following the announcement of US President Donald Trump's global tariff rates. Malaysia, Thailand and Cambodia were hit by 19 per cent levies , while Taiwan will face a 20 per cent rate on its US exports. The global baseline rate will be kept to 10 per cent. This comes ahead of the Aug 1 deadline. Singapore is likely to remain at the 10 per cent baseline rate, which Prime Minister Lawrence Wong said earlier was 'not ideal' but something the country can 'live with'. The Straits Times Index (STI) had a modest gain of 0.2 per cent shortly after the market opened, up 8.52 points to reach 4182.29. This comes after a 2.3 per cent drop across six days from its record high of 4273.05 last Thursday (Jul 24). The trio of local banks were all marginally up at the open. DBS was up 0.13 per cent or S$0.06 to S$47.97. UOB was up 0.44 per cent or S$0.16 at S$36.35, and OCBC was up 0.47 per cent or S$0.08 at S$16.95. Pre-market open, OCBC announced second-quarter profit fell 7 per cent to S$1.82 billion and declared a quarterly dividend of S$0.41 a share. Among Asia markets, Korea's KOSPI Index slumped as much as 3.89 per cent to 3127.79 points but was last down 2.93 per cent at 3,150.32. Trump had said on Wednesday that the US would charge a 15 per cent tariff on imports from South Korea. Taiwan's Taiex index also dived 1.6 per cent initially but last dropped 0.88 per cent at 23,335.55 points, while Malaysia's Kuala Lumpur Composite Index was up 0.66 per cent at 1,523.27 points. The Singapore dollar continued its week-long rise at 1.2975 per US dollar, up from 1.2768 on Wednesday (Jul 23). Spot gold traded 0.05 per cent higher around US$3,292 as at 9.16 am.

Singapore, Malaysia markets rise, while Taiwan stocks drop as Trump sets new tariff rates
Singapore, Malaysia markets rise, while Taiwan stocks drop as Trump sets new tariff rates

Business Times

time5 hours ago

  • Business Times

Singapore, Malaysia markets rise, while Taiwan stocks drop as Trump sets new tariff rates

[SINGAPORE] Singapore stocks opened slightly up on Friday (Aug 1), while Malaysia markets jumped and Taiwan slumped, following the announcement of US President Donald Trump's global tariff rates. Malaysia, Thailand and Cambodia were hit by 19 per cent levies , while Taiwan will face a 20 per cent rate on its US exports. The global baseline rate will be kept to 10 per cent. This comes ahead of the Aug 1 deadline. Singapore is likely to remain at the 10 per cent baseline rate, which Prime Minister Lawrence Wong said earlier was 'not ideal' but something the country can 'live with'. The Straits Times Index (STI) had a modest gain of 0.2 per cent shortly after the market opened, up 8.52 points to reach 4182.29. This comes after a 2.3 per cent drop across six days from its record high of 4273.05 last Thursday (Jul 24). The trio of local banks were all marginally up at the open. DBS was up 0.13 per cent or S$0.06 to S$47.97. UOB was up 0.44 per cent or S$0.16 at S$36.35, and OCBC was up 0.47 per cent or S$0.08 at S$16.95. Pre-market open, OCBC announced second-quarter profit fell 7 per cent to S$1.82 billion and declared a quarterly dividend of S$0.41 a share. Among Asia markets, Malaysia's Kuala Lumpur Composite Index was up 0.66 per cent at 1,523.27 points, while Taiwan's Taiex index dived 1.6 per cent initially but last dropped 0.88 per cent at 23,335.55 points. The Singapore dollar continued its week-long rise at 1.2975 per US dollar, up from 1.2768 on Wednesday (Jul 23). Spot gold traded 0.05 per cent higher around US$3,292 as at 9.16 am.

Singapore shares dragged by Singtel, Seatrium declines; STI down 1.1%
Singapore shares dragged by Singtel, Seatrium declines; STI down 1.1%

Straits Times

time20 hours ago

  • Straits Times

Singapore shares dragged by Singtel, Seatrium declines; STI down 1.1%

Sign up now: Get ST's newsletters delivered to your inbox Losers outpaced gainers 388 to 204 on bumper trade of 1.6 billion securities worth $1.9 billion. SINGAPORE – Local shares took yet another hit on July 31 after investors bailed out of index heavyweights Singtel and Seatrium. The selloff sent the Straits Times Index (STI) down 1.1 per cent or 45.64 points to 4,173.77 – it's fifth straight day of decline – while losers outpaced gainers 388 to 204 on bumper trade of 1.6 billion securities worth $1.9 billion. Seatrium was the STI's biggest decliner, slumping 5.4 per cent to $2.27 with 42 million shares done. Investors ignored the offshore and marine specialist's strong first-half results posted earlier in the day, as sentiment remained dented by news that it would pay more than $240 million in fines to Brazilian and Singaporean authorities to settle corruption offences. Singtel was another notable decliner, dropping 3 per cent to $3.88 after trading in the stock went ex-dividend. Keppel led the blue-chip gainers, rising 3.5 per cent to $8.47 after the asset manager posted a 24.2 per cent increase in net profit to $377.7 million for the first half ended Jun 30. The banks closed lower. DBS shed 0.7 per cent to $47.91, OCBC fell 1 per cent to $16.87 and UOB was off 0.9 per cent at $36.19. Top stories Swipe. Select. Stay informed. Singapore No entry: ICA to bar high-risk, undesirable travellers from boarding S'pore-bound ships, flights Singapore 5 foreign women suspected of trafficking 27kg of cocaine nabbed in Changi Airport Singapore Over half of job applications by retrenched Jetstar Asia staff led to offers or interviews: CEO Singapore 17-member committee to drive roll-out of autonomous vehicles in Singapore Business Singapore gold investment soars 37% to 2.2 tonnes in Q2 while jewellery demand wanes Singapore Underground pipe leak likely reason for water supply issues during Toa Payoh fire: Town council Multimedia 60 years, 60 items: A National Day game challenge Singapore 'Switching careers just as I became a dad was risky, but I had to do it for my family' Most regional markets were down, mirroring the lacklustre session on Wall Street overnight on talk that interest rate levels are staying put for a while. The S&P 500 dipped 0.1 per cent and the Dow Industrials dropped 0.4 per cent while the Nasdaq put on 0.1 per cent but it is tipped to soar on sky-high earnings from Meta and Microsoft announced after markets closed. Greater China equities led the regional declines, with the mainland's blue-chip CSI 300 falling 1.8 per cent. Hong Kong's Hang Seng ended 1.6 per cent lower, South Korea's Kospi dipped 0.3 per cent and the ASX 200 in Australia slid 0.2 per cent.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store