The Singapore stock market is poised for gains today, buoyed by an optimistic global outlook led by strength in oil and technology sectors. This follows Tuesday's session, where the Straits Times Index (STI) climbed 25.42 points or 0.68%, closing at 3,757.97.
The STI, recovering from a minor setback earlier in the week, saw broad-based gains driven by industrial, property, and financial sectors. However, real estate investment trusts (REITs) underperformed, tempering the overall rally.
Active performers on Tuesday included Keppel Ltd, which surged 2.13%, and SATS, up 2.94%. Meanwhile, Singapore Technologies Engineering and Yangzijiang Shipbuilding also posted strong advances, rising 2.92% and 3.57%, respectively. On the downside, Emperador dropped 1.19%, and Genting Singapore declined 0.65%.Global cues are mixed but lean positively, with Wall Street's NASDAQ and S&P 500 closing in the green despite geopolitical tensions. Oil prices edged higher, with West Texas Intermediate crude futures rising 0.3% to US$69.39 per barrel, reflecting supply concerns.
With the STI nearing the 3,760-point mark, analysts anticipate sustained momentum as markets remain cautiously optimistic.
RTTNews
