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Gabz
2021-12-16

Wow. My guess is pretty good today

Singapore stocks end higher on Thursday, STI up 0.5%

LOCAL shares capped Thursday on a more upbeat note, as investors appeared to be buoyed by cues from

Singapore stocks end higher on Thursday, STI up 0.5%

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The benchmark Straits Times Index rose 0.5 per cent or 13.92 points to finish Thursday at 3,128.80. Advancers outpaced decliners 265 to 202, after 941 million stocks worth S$979.1 million changed hands.\nElsewhere in Asia, the Nikkei 225 was up 2.1 per cent; the Hang Seng Index gained 0.2 per cent, and the KLCI added 0.1 per cent. The Kospi also gained 0.6 per cent.\nOanda senior market analyst Edward Moya said: \"US stocks turned positive after the Fed doubled the pace of tapering and forecasted 3 rate hikes in 2022 and another 3 increases in 2023.\n\"Financial markets were nervous the Fed was going to exercise caution with a doubling of the taper pace, which would have been a policy mistake.\"\nThe trio of local lenders came out tops on Thursday. DBS was the top advancer, rising 1.4 per cent or S$0.43 to S$32.33. UOB was a close second, adding 1.3 per cent or S$0.35 to S$27.03, while OCBC gained 0.8 per cent or S$0.09 to S$11.38.\nIsetan was the biggest loser on Thursday, after the group announced that its plans to sell Wisma Atria fell through. The counter ended the day at S$3.69, down 10.4 per cent or S$0.43.\nThe latest round of property cooling measures dragged Singapore-listed property players into the red. City Developments sank 2.7 per cent or S$0.19 to S$6.88; Hongkong Land fell 1.9 per cent or US$0.10 to US$5.31, and Bukit Sembawang was down 2 per cent or S$0.10 to S$4.96. Propnex, too, fell 3.9 per cent or S$0.07 to S$1.71.\nHGH Holdings was the most actively traded counter on Thursday, with some 48.6 million shares changing hands over the course of the day. 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Singapore stocks end higher on Thursday, STI up 0.5%

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