DBS, ThaiBev, YZJ Shipbuilding and DFI Help Bring STI Above 3,800 Points, A 17-Year High
The Straits Times Index (STI) crossed 3,800 points, up some 1.3% for the day, to reach an intra-day high of 3,800.16 on Dec 3.
This was largely due to intra-day surges by constituents DBS Group Holdings D05, Thai Beverage Y92and Yangzijiang Shipbuilding BS6, while other component stocks DFI Retail Group D01 and Sembcorp Industries U96chipped in as well.
DBS shares, for one, reached an intra-day high of $43.73, 2.8% above its Dec 2 close price.
ThaiBev shares, meanwhile, reached an intra-day high of 60 cents, 4.3% above its Dec 2 close price.
Yangzijiang Shipbuilding shares notched an intra-day high of $2.70, 11.1% above its Dec 2 close price.
The STI opened at 3,780.62 on Dec 3, compared to a previous close of 3,751.35. While the Dec 3 trading day has yet to end, the index is already above its 52-week high of 3,757.97.
Historically, the STI reached an all-time high of 3,906.16 in October 2007.
Ahead of the 1HFY2024 results season, shares of Singapore’s three local banks advanced in July, bringing the STI above the 3,400-mark for the first time in two years. The STI reached a six-year high on July 10.
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