Singapore stocks rebounded on the 25th for the first time in three sessions, with the ST Index closing at 5,711.12, up 27.75 points from the previous day. Buying was led by bank stocks and spread to the retail and real estate sectors.
Singapore stocks rebounded on the 25th for the first time in three sessions. The benchmark ST Index closed at 5,711.12 points, up 27.75 points from the previous day. The gain was 0.48%.
16 of the 30 stocks comprising the ST Index rose. Buying interest was broad-based across the market.
Bank stocks showed particularly strong movements, with buying reportedly driven by firm expectations for earnings.
Some retail and real estate stocks also attracted buying on the view that their prices were attractive.