The Straits Times Index (STI) extended gains on Wednesday, with DBS Group Holdings Ltd emerging as the session’s top gainer and most actively traded stock.
Key Stock Movers
DBS (D05.SG): Rose 3.64% to close at S$52.73, with turnover of S$441.1 million, making it both the top gainerand most traded stock.
Singtel (Z74.SG): Gained 1.64% to S$2.48.
Genting Singapore (G13.SG): Advanced 1.32% to S$0.77.
SGX (S68.SG): Climbed 1.22% to S$9.97.
ST Engineering (S63.SG): Added 1.01% to S$3.99.
Top loser:
UOL (U14.SG): Fell 1.99% to S$7.40.
REITs Performance
Sabana REIT (M1GU.SG): Led REIT gains, rising 3.49% to S$0.445.
Stoneweg EUTrust EUR (SET.SG): Dropped 1.9% to S$1.55, making it the biggest REIT decliner.
Market Overview
The FTSE Straits Times Index gained momentum, supported by financials and defensives.
Banking counters, led by DBS, anchored the index, while select property names saw mild profit-taking.
Turnover was strong in DBS, reflecting robust institutional and retail participation.
📌 Takeaway: DBS’s sharp gains and active turnover underscored strong institutional flows into banking names, helping lift the STI. Meanwhile, REITs saw mixed performance, with Sabana REIT outperforming on investor demand for yield.
Comments
Post a Comment