Singapore's stock market closed lower on Thursday as investors resumed normal trading following the Christmas break.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,757.10 and 3,770.96 throughout the day. It ended the session at 3,761.45, down 8.10 points or 0.21% compared to Tuesday's close.

In economic news, Singapore's manufacturing output increased 8.5% year-on-year in November, mainly driven by strong performance from the electronics cluster, according to data released by EDB Singapore.

Seatrium (SGX:S51) was up over 4% after it repurchased 1.0 million shares in the open market for SG$2.0 million, or SG$1.9611 apiece.

ComfortDelGro: The land transport operator is among several taxi and ride-hailing operators that will be raising their platform fees from Jan 1, 2025. On Tuesday, ComfortDelGro said the platform fee for its app Zig will be adjusted by S$0.30 to S$0.50, depending on the distance travelled and waiting time. Shares of ComfortDelGro ended S$0.03 or 2 per cent up at S$1.47.

SingPost shares gained 2% after proposing A$1B sale of Australian business ‘on track’.

Shares of Aoxin and Q & M Dental Group (SGX:1D4) were up over 4% after the company allotted and issued 233,413 shares in the capital of the company to an employee under its performance share plan.

Zixin Group (SGX:42W) was up over 3% at the close after the company obtained a patented chicken poultry feed formulation from the Institute of Resource Environment and Soil Fertilization, Fujian Academy of Agricultural Sciences.