The Straits Times Index (STI) reached 3,921.30 points on Feb 10, surpassing its previous record of 3,906.16 points last seen in October 2007.
This was mainly due to the share price increases from the three Singapore banks and Singapore Telecommunications (Singtel) on the same day.
DBS’s shares reached $46.5 from its last-closed price $44.68; shares in UOB reached $38.06 up from $37.38 previously while OCBC’s shares reached $17.65 from $17.33 before. Shares in Singtel also opened higher at $3.31 up from $3.28 previously.
Other constituent stocks like CapitaLand Integrated Commercial Trust (CICT), Yangzijiang Shipbuilding, Venture Corp, Genting Singapore and DFI Group also saw price increases as at market open on Feb 10.
The benchmark index first reached a 17-year high on Dec 5, 2024, at 3,822.68 points, before climbing to another 17-year record of 3,886.98 points on Jan 8.
As at 10:30 am, the STI is trading 20.02 points higher or 0.52% up at 3,881.44 points.
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