Singapore's stock market surged on Thursday, as the city state's retail sales registered year-over-year growth in October.

The STI.SI, a key benchmark for the Singapore Exchange, ranged between 3,810.11 and 3,842.71 throughout the day. It ended the session at 3,822.68, up 22.74 points or 0.6% compared to Wednesday's close.

In economic news, Singapore's retail sales increased 2.2% in October on a year-on-year basis, extending the 1.9% growth in the preceding month, according to data released by the Department of Statistics.

In company news, shares of OKH Global surged over 44% as the company entered into a conditional sale and purchase agreement to acquire the entire share capital of Acrophyte unit, Chip Eng Seng Construction, for around SG$118.5 million.

KepPacOakReitUSD was up over 2% after the REIT obtained $50 million term loan facilities under a facility agreement.

Meanwhile, shares of Ellipsiz were down over 1% at the close after the company revealed that it will complete the disposal of its 51% stake in Axis-Tec to Yanmade Electronic for SG$2.9 million on Dec. 6 instead of Dec. 5.

STI rose 0.6%, YZJ Shipbldg rose 2.3%, UOB rose 1.4%, DBS rose 1%; Nio fell 1.7%, SingPost fell 0.8%.