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Straits Times
3 days ago
- Business
- Straits Times
Singapore shares continue winning streak; STI up 0.7%
Find out what's new on ST website and app. SINGAPORE – The winning streak continues apace for local shares, with the bourse up for the fourth day straight on July 17. Investors clearly have the bit between their teeth given yet another bumper close for the benchmark Straits Times Index (STI), this time rising 0.7 per cent or 29.18 points to 4,161.43. Gainers left losers in the dust to the tune of 358 to 198 on trade of 1.9 billion securities worth $1.4 billion. DFI Retail Group led the STI winners, surging 4 per cent to US$3.12, while Thai Beverage was at the bottom of the table, down 1.1 per cent to 47 cents. Singtel was the most actively traded by volume, with 35.5 million shares done. The counter, which was trading on a cum-dividend basis, gained 3 per cent to $4.17. The STI's rise reflected a positive session both on Wall Street and most regional markets after US President Donald Trump backtracked on reports that he was planning to fire Federal Reserve chair Jerome Powell. The two have clashed over the pace of interest-rate cuts. US shares fell early on but rebounded on that Trump backtrack. The Dow Industrials added 0.5 per cent, the S&P 500 advanced 0.3 per cent and the Nasdaq rose 0.3 per cent to close at its third-straight record. Top stories Swipe. Select. Stay informed. Singapore Fatal abuse of Myanmar maid in Bishan: Traffic Police officer sentenced to 10 years' jail Singapore Man charged over manufacturing DIY Kpods at Yishun home; first such case in Singapore Singapore HSA launches anti-vaping checks near 5 institutes of higher learning Business 5 things to know about Kuok Hui Kwong, tycoon Robert Kuok's daughter and Shangri-La Asia head honcho Singapore Jail for elderly man for using knife to slash neighbour, who later died of heart disease Singapore $7,000 fine for eatery chain involved in ByteDance food poisoning case World UK to lower voting age to 16 in landmark electoral reform Opinion Grab tried to disrupt taxis. It now wants to save them Regional bourses mostly rose. Japan's Nikkei 225 added 0.6 per cent, South Korea's Kospi advanced 0.2 per cent and the ASX 200 in Australia gained 0.9 per cent for its best day in three weeks. Market fluctuations showed that Mr Trump's attempt to challenge the Fed's independence was not welcome, said Mr Vishnu Varathan at Mizuho Securities.
Business Times
3 days ago
- Business
- Business Times
Singapore shares continue winning streak; STI up 0.7%
[SINGAPORE] The benchmark Straits Times Index (STI) extended its winning streak on Thursday (Jul 17), tracking gains in regional markets. The STI rose 0.7 per cent or 29.18 points to close at 4,161.43 – reaching a high for a fourth consecutive trading day. This was after hitting an intraday peak of 4,163.45. Across the broader market, advancers outnumbered decliners 358 to 198, after 1.9 billion securities worth S$1.4 billion were traded. The top gainer on the blue-chip index was DFI Retail Group , which rose 4 per cent or US$0.12 to US$3.12. The biggest decliner was Thai Beverage . The counter fell 1.1 per cent or S$0.005 to S$0.47. Local telco Singtel was the most actively traded counter by volume, with 35.5 million shares worth S$147.1 million changing hands. The counter, which was trading on a cum dividend basis, gained 3 per cent or S$0.12 to close at S$4.17. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Regional markets ended Thursday mostly higher after US President Donald Trump backtracked on news reports that he was planning to fire Federal Reserve chair Jerome Powell. The two have clashed over the pace of interest-rate cuts, with Trump calling for quicker action and Powell taking a more cautious stance. Japan's Nikkei 225 ended up 0.6 per cent, South Korea's Kospi rose 0.2 per cent, and Australia's ASX 200 gained 0.9 per cent. Market movements showed that Trump's attempt to challenge the Fed's independence was not welcome, said Vishnu Varathan, head of macro research for Asia ex-Japan at Mizuho Securities. While the news reports may have been an attempt by the president's administration to gauge how markets would react to Powell's removal, Varathan warned that the 'real danger' lies in Trump viewing the market drop as acceptable, which could embolden him to make further attacks on Powell and the Fed's independence.
Straits Times
6 days ago
- Business
- Straits Times
Singapore shares hit new high; STI up 0.5%
Find out what's new on ST website and app. Across the broader market, advancers outnumbered decliners 315 to 191, after 1.46 billion securities worth $1.41 billion were traded. SINGAPORE – The benchmark Straits Times Index (STI) notched a new high on the first day of the trading week on July 14, after Singapore's economy beat market expectations to expand 4.3 per cent year on year in the second quarter of this year. The STI rose 0.5 per cent or 21.40 points to 4,109.21. Across the broader market, advancers outnumbered decliners 315 to 191, after 1.46 billion securities worth $1.41 billion were traded. The top gainer on the benchmark index on July 14 was DFI Retail Group, which rose 3.5 per cent or US$0.10 to US$2.98. The day's biggest decliner was Yangzijiang Shipbuilding. The counter fell 0.9 per cent or $0.02 to $2.30. Casino operator Genting Singapore was the most actively traded counter by volume, with 47.4 million shares worth $34.5 million traded. The counter closed flat at $0.73. Regional exchanges ended mixed on July 14. Top stories Swipe. Select. Stay informed. Singapore HSA intensifies crackdown on vapes; young suspected Kpod peddlers nabbed in Bishan, Yishun Singapore Man charged over distributing nearly 3 tonnes of vapes in one day in Bishan, Ubi Avenue 3 Singapore Singapore to train more aviation and maritime officials from around the world Business Singapore's economy sees surprise expansion in Q2 despite US tariff uncertainty: Advance estimate Singapore High Court dismisses appeal of drink driver who killed one after treating Tampines road like racetrack Singapore 18 years' jail for woman who hacked adoptive father to death after tussle over Sengkang flat Singapore Jail, caning for man who had 285 child porn videos, including those that show infants Singapore Three power firms get co-funding to study carbon capture, storage to help Singapore decarbonise Japan's Nikkei 225 was down 0.3 per cent and Australia's ASX 200 fell 0.1 per cent. Meanwhile, Hong Kong's Hang Seng Index was up, by 0.3 per cent, as was South Korea's Kospi, which rose 0.8 per cent. Mr Paul Chew, head of research at Phillip Securities Research, noted that stock markets are at a record high, indicating market 'nonchalance' over US President Donald Trump's reciprocal tariffs, due to his propensity to constantly extend and soften tariffs. 'However, the rally in financial markets could backfire and embolden Trump to become more aggressive in his tariffs,' he said.
Business Times
6 days ago
- Business
- Business Times
Singapore shares hit new high; STI up 0.5%
[SINGAPORE] The benchmark Straits Times Index (STI) notched a new high on the first day of the trading week on Monday (Jul 14), after Singapore's economy beat market expectations to expand 4.3 per cent year on year in the second quarter of this year. The STI rose 0.5 per cent or 21.40 points to 4,109.21. Across the broader market, advancers outnumbered decliners 315 to 191, after 1.5 billion securities worth S$1.4 billion were traded. The top gainer on the benchmark index was DFI Retail Group , which rose 3.5 per cent or US$0.10 to US$2.98. The biggest decliner was Yangzijiang Shipbuilding . The counter fell 0.9 per cent or S$0.02 to S$2.30. Casino operator Genting Singapore was the most actively traded counter by volume, with 47.4 million units worth S$34.5 million traded. The counter closed flat at S$0.73. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Regional exchanges ended mixed on Monday. Japan's Nikkei 225 was down 0.3 per cent and Australia's ASX 200 fell 0.1 per cent. Meanwhile, Hong Kong's Hang Seng Index was up 0.4 per cent, as was South Korea's Kospi, which rose 0.8 per cent. Paul Chew, head of research at Phillip Securities Research, noted that stock markets are at a record high, indicating market 'nonchalance' over US President Donald Trump's reciprocal tariffs, due to his propensity to constantly extend and soften tariffs. 'However, the rally in financial markets could backfire and embolden Trump to become more aggressive in his tariffs,' he said. Chew added that in the current market, real estate investment trusts are attractive as the risk of trade war looms and interest rates in Singapore decline.
Straits Times
10-07-2025
- Business
- Straits Times
STI up 0.4% on July 10 as investors stay positive despite tariff uncertainty, split Fed views
Sign up now: Get ST's newsletters delivered to your inbox SINGAPORE – Never mind inflation risks and the ongoing tariff threat, buoyant investors here have driven the local market higher yet again – its fourth straight day of gains. The blue-chip Straits Times Index (STI) closed 0.4 per cent or 17.88 points up at 4,075.70 on July 10 with gainers streaking ahead of losers 324 to 175 on trade of 1.6 billion securities worth $1.2 billion. Ground handler Sats was the STI's top gainer, up 1.6 per cent to $3.13 after it released its annual report, while DFI Retail Group was at the bottom of the list, down 1 per cent to US$2.91. The local bourse largely reflected the state of play on Wall Street overnight, where investors shrugged off President Donald Trump's 50 per cent tariff on Brazilian goods, the highest announced this week, and a flurry of other levies. The Nasdaq was the standout, climbing 0.9 per cent to a record high on the back of a surge in Nvidia shares that valued the tech firm at more than US$4 trillion. The S&P 500 added 0.6 per cent and is now within touching distance of the record high it hit last week, while the Dow Industrials rose 0.5 per cent. Regional stocks closed mixed. Hong Kong's Hang Seng was up 0.6 per cent, the ASX 200 in Australia closed 0.6 per cent higher and Malaysian shares advanced 0.5 per cent, but Japan's Nikkei 225 fell 0.4 per cent. Investors here and across the region are still awaiting firmer signals from the US. Minutes from the Federal Reserve's June meeting showed an emerging divide among officials over monetary policy, given the uncertainty around tariffs. UOB researchers noted that the recent tariff re-escalation will underpin this uncertainty and lead the Fed to maintain its wait-and-see approach on interest rates. But they added that the risks to growth mean 'we continue to hold our view of three 25-basis point rate cuts in 2025 … and two in 2026'. THE BUSINESS TIMES
