Singapore's stock market surged on Thursday as the city-state reported a decrease in its core inflation for December 2024.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,790.69 and 3,814.86 throughout the day. It ended the session at 3,806.57, up 25.36 points or 0.67% compared to Wednesday's close.
In economic news, Singapore's MAS core inflation, which excludes the cost of accommodation and private transport, eased to 1.8% year on year in December 2024, from 1.9% in the preceding month, due to a moderation in services inflation.
In company news, shares of Grand Venture Technology (SGX:JLB) were up nearly 5% after it secured a Through-Silicon VIA (TSV) project by a water fabrication equipment and services company for the production of components and modules.
Centurion (SGX:OU8) was down over 4% at the close after it launched and priced SG$57.5 million worth of four-year fixed-rated bonds due 2029.
Meanwhile, CapitaLand Ascott Trust (SGX:HMN) was down under 1% at the close after it lodging business unit, The Ascott, signed 16 new properties through its Oakwood brand in 2024.
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