The Singapore stock market has climbed higher in five straight sessions, collecting more than 90 points or 2.8 percent along the way. The Straits Times Index now sits just beneath the 3,255-point plateau and it's got another positive lead for Thursday's trade.
The global forecast for the Asian markets is positive, primarily riding a surge in crude oil prices. The European and U.S. markets was modest gains and the Asian bourses figure to follow suit.
The STI finished modestly higher on Wednesday following gains from the financial shares and a mixed picture from the industrials.
For the day, the index gained 8.61 points or 0.27 percent to finish at 3,254.98 after trading between 3,242.59 and 3,263.65. Volume was 1.09 billion shares worth 1.25 billion Singapore dollars. There were 250 gainers and 193 decliners.
Among the actives, CapitaLand Integrated Commercial Trust climbed 0.51 percent, while City Developments added 0.44 percent, Comfort DelGro spiked 2.22 percent, DBS Group was up 0.25 percent, Genting Singapore slumped0.65 percent, Hongkong Land tumbled 0.91 percent, Keppel Corp surged 2.37 percent, Mapletree Commercial Trust jumped 1.10 percent, Mapletree Logistics Trust dropped 0.57 percent, Oversea-Chinese Banking Corporation rallied 0.91 percent, SATS plummeted 1.76 percent, SembCorp Industries and Wilmar International both lost 0.47 percent, Singapore Airlines sank 0.59 percent, Singapore Exchange gained 0.42 percent, Singapore Press Holdings fell 0.43 percent, Singapore Technologies Engineering tanked 1.06 percent, SingTel rose 0.41 percent, Thai Beverage plunged 1.52 percent, United Overseas Bank collected 0.38 percent, Yangzijiang Shipbuilding soared 2.26 percent and Ascendas REIT and Dairy Farm International were unchanged.
The lead from Wall Street is upbeat as the major averages opened higher on Wednesday, faded soon after but rebounded enough to end in the green.
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