SGX Wrap-up: Singapore Stocks End Week Higher On Global Tailwinds
The Straits Times Index (STI) ended the week with modest gains, rising to 3,966.81 on June 27, lifted by strong foreign inflows and positive global sentiment.
The index added 27.48 points (+0.7%) on June 27, extending June 26's advance of 12.48 points (0.3%), as investors tracked Wall Street's rally and growing optimism around US rate cuts.
Throughout the June 23-27 period, the STI rebounded from support near 3,900, with financial and tech counters leading the recovery. Market breadth remained healthy, with over 290 gainers outpacing 180 losers on June 26.
Analysts say the STI may consolidate within the 3,950-4,000 range in the near term, pending key US economic data and regional central bank cues.
The week's performance reflects cautious optimism as investors navigate a stabilizing global backdrop heading into the second half of the year. Related
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BusinessToday
6 hours ago
- BusinessToday
SGX Wrap-up: Singapore Stocks End Week Higher On Global Tailwinds
The Straits Times Index (STI) ended the week with modest gains, rising to 3,966.81 on June 27, lifted by strong foreign inflows and positive global sentiment. The index added 27.48 points (+0.7%) on June 27, extending June 26's advance of 12.48 points (0.3%), as investors tracked Wall Street's rally and growing optimism around US rate cuts. Throughout the June 23-27 period, the STI rebounded from support near 3,900, with financial and tech counters leading the recovery. Market breadth remained healthy, with over 290 gainers outpacing 180 losers on June 26. Analysts say the STI may consolidate within the 3,950-4,000 range in the near term, pending key US economic data and regional central bank cues. The week's performance reflects cautious optimism as investors navigate a stabilizing global backdrop heading into the second half of the year. Related
The Star
3 days ago
- The Star
Bursa Malaysia firmer at midday
KUALA LUMPUR: Bursa Malaysia ended today's morning session firmer, with the benchmark index rising 0.34 per cent, tracking the upbeat mood in most regional markets. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.12 points to 1,524.91 from Wednesday's close of 1,519.79. The FBM KLCI, which opened 0.45 of a point better at 1,520.24, moved to a high of 1,526.24 during the session. The broader market was positive with 427 gainers outnumbering 345 decliners, while 419 counters were unchanged, 1,247 untraded and 102 suspended. Turnover stood at 1.57 billion units worth RM978.65 million. ActivTrades trader Anderson Alves said risk appetite remained resilient while Asian equities are likely to trade mixed today as month-end flows and hawkish remarks from the US Federal Reserve drive global macro price action. At lunch break, Singapore's STI rose 0.21 per cent, Japan's Nikkei 225 was up 1.35 per cent, while Hong Kong's Hang Seng Index fell 0.48 per cent. Among the heavyweights, Maybank and IHH Healthcare rose one sen to RM9.80 and RM6.71, respectively. Public Bank was flat at RM4.30, Tenaga Nasional gained two sen to RM14.26, and CIMB added four sen to RM6.81. As for the most active stocks, SNS Network fell 1.5 sen to 54.4 sen, Borneo Oil gave up half a sen to 0.5 sen, Green Ocean trimmed 2.5 sen to nine sen, Reservoir Link was down one sen to 21.5 sen, while YTL Corp rose 11 sen to RM2.25. On the index board, the FBM Emas Index climbed 38.46 points to 11,385.02, the FBMT 100 Index garnered 39.20 points to 11,167.60, and the FBM Emas Shariah Index advanced 36.61 points to 11,338.39. The FBM 70 Index advanced 64.61 points to 16,425.94 and the FBM ACE Index ticked up 7.60 points to 4,466.57. By sector, the Financial Services Index improved 33.85 points to 17,696.85, the Industrial Products and Services Index edged up 1.38 points to 151.59, the Plantation Index gained 13.01 points to 7,243.20, and the Energy Index added 5.00 points to 733.11. - Bernama
New Straits Times
3 days ago
- New Straits Times
Bursa Malaysia firmer at midday
KUALA LUMPUR: Bursa Malaysia ended today's morning session firmer, with the benchmark index rising 0.34 per cent, tracking the upbeat mood in most regional markets. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.12 points to 1,524.91 from Wednesday's close of 1,519.79. The FBM KLCI, which opened 0.45 of a point better at 1,520.24, moved to a high of 1,526.24 during the session. The broader market was positive with 427 gainers outnumbering 345 decliners, while 419 counters were unchanged, 1,247 untraded and 102 suspended. Turnover stood at 1.57 billion units worth RM978.65 million. ActivTrades trader Anderson Alves said risk appetite remained resilient while Asian equities are likely to trade mixed today as month-end flows and hawkish remarks from the US Federal Reserve drive global macro price action. At lunch break, Singapore's STI rose 0.21 per cent, Japan's Nikkei 225 was up 1.35 per cent, while Hong Kong's Hang Seng Index fell 0.48 per cent. Among the heavyweights, Maybank and IHH Healthcare rose one sen to RM9.80 and RM6.71, respectively. Public Bank was flat at RM4.30, Tenaga Nasional gained two sen to RM14.26, and CIMB added four sen to RM6.81. As for the most active stocks, SNS Network fell 1.5 sen to 54.4 sen, Borneo Oil gave up half a sen to 0.5 sen, Green Ocean trimmed 2.5 sen to nine sen, Reservoir Link was down one sen to 21.5 sen, while YTL Corp rose 11 sen to RM2.25. On the index board, the FBM Emas Index climbed 38.46 points to 11,385.02, the FBMT 100 Index garnered 39.20 points to 11,167.60, and the FBM Emas Shariah Index advanced 36.61 points to 11,338.39. The FBM 70 Index advanced 64.61 points to 16,425.94 and the FBM ACE Index ticked up 7.60 points to 4,466.57. By sector, the Financial Services Index improved 33.85 points to 17,696.85, the Industrial Products and Services Index edged up 1.38 points to 151.59, the Plantation Index gained 13.01 points to 7,243.20, and the Energy Index added 5.00 points to 733.11.
