Singapore Shares Track Global Gains. STI up 0.76%; Seatrium up 3.2%; Keppel DC Reit up 2.3%; NIO up 1.7%; UOB up 1.3%
Singapore's stock market moved to the positive territory on Thursday for the first time this week, following gains in Europe and Wall Street.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,792.40 and 3,818.73 throughout the day. It ended the session at 3,801.13, up 28.55 points or 0.76% compared to Wednesday's close.
Seatrium rose 3.2%; Keppel DC Reit rose 2.34%; NIO rose 1.7%; Sembcorp Industries rose 1.5%; UOB rose 1.3%.
In company news, GuocoLand closed 1% higher on Thursday, after it secured a SG$1.14 billion green facility for refinancing its Guoco Midtown development and another SG$105 million to refinance its Midtown Bay luxury residential project.
Tiang Woon shares were up nearly 2% at the close after the company appointed Tan Guan Liang as the group's chief operation officer, effective Feb. 3.
Meanwhile, Shares of GKE Corporation were down over 2% at the close as the company incorporated a wholly-owned subsidiary, GKE Retails, in Singapore.
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