Singapore Strait Times Index stocks showed a significant pullback and closed higher on Tuesday after falling in early morning trading session, following overnight gains in the European markets.
During the day, the benchmark index ranged between 3,219.50 and 3,244.06, ending 0.56% or 18.15 points higher at 3,244.06.
In company news, Sembcorp's (SGX:U96) shares climbed 1% on Tuesday's close after the renewables solutions provider recorded a 15% increase in its profit for H2 2023.
Dasin Retail Trust's (SGX:CEDU) trustee manager received a winding-up application from Zhang Guimang, nephew of a non-executive director on the trust's board, for alleged outstanding amounts, sending the trust's shares down 43% at market close.
Meanwhile, Del Monte Pacific (SGX:D03) closed flat on Tuesday, as it entered agreements with SEA Diner Holdings in order to regain full ownership of its indirect subsidiary, Del Monte Philippines.