Singapore's stock market rose marginally on Friday's close as global markets posted overnight declines, influenced by a decline in banking shares on Wall Street amid profit taking.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,918.43 and 3,940.15 throughout the day. It ended the session at 3,929.94, up 2.43 points or 0.06% compared to Thursday's close.
In company news, shares of Seatrium (SGX:5E2) slipped nearly 5%, even as it booked an attributable profit to owners of SG$120.9 million for the second half of 2024, against an attributable loss of SG$1.75 billion a year earlier.
Wilmar International's (SGX:F34) was down over 4% at the close after the company's attributable profit for the second half of 2024 declined 39% to $590.2 million from $973.9 million a year earlier.
Meanwhile, shares of Genting Singapore (SGX:G13) were down over 3% after the company's net attributable profit to shareholders decreased by 5% to SG$578.9 million for the year ended Dec. 31, 2024, from SG$611.6 million a year earlier.
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