Singapore Shares Continue Winning Streak Ahead of US Fed's Policy Decision

MT Newswires03-19

Singapore stocks defied declines on Wall Street to continue their winning streak on Wednesday, ahead of the US Federal Reserve's policy decision due later today.

The Straits Times Index $(STI)$, a key benchmark for the Singapore Exchange, ranged between 3,900.23 and 3,918.24 throughout the day. It ended the session at 3,908.31, up 13.34 points or 0.34% compared to Tuesday's close.

According to the Monetary Authority of Singapore's latest Survey of Professional Forecasters, the city-state's economy is expected to grow by 3.8% year-on-year in the first quarter, and by 2.6% in 2025.

In other economic news, Singapore's overall unemployment rate remained at 1.9% in December 2024, with the resident jobless rate at 2.8% and the citizen unemployment rate at 2.9%, according to data released by the Ministry of Manpower.

In company news, shares of Sin Heng Heavy Machinery (SGX:BKA) were up nearly 1% after the company appointed an independent financial adviser in the wake of the voluntary unconditional offer to take the company private at SG$0.58 per share by Tal United.

Sembcorp Industries (SGX:U96) was down nearly 1% at the close after the company completed the disposal of its entire issued and paid up share capital in Sembcorp Environmental to SBT Investment 2.

Meanwhile, Sincap Group (SGX:5UN) confirmed its intention to acquire the entire issued and paid up share capital of Skylink APAC for SG$42.3 million.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

4

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2520971682?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-19 17:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2520971682","market":"sg","top_or_hot":-1,"title":"Singapore Shares Continue Winning Streak Ahead of US Fed's Policy Decision","media":"MT Newswires","content":"<html><head></head><body><p> Singapore stocks defied declines on Wall Street to continue their winning streak on Wednesday, ahead of the US Federal Reserve&#39;s policy decision due later today.</p><p>The Straits Times Index <a href=\"https://laohu8.com/S/STI\">$(STI)$</a>, a key benchmark for the Singapore Exchange, ranged between 3,900.23 and 3,918.24 throughout the day. It ended the session at 3,908.31, up 13.34 points or 0.34% compared to Tuesday&#39;s close.</p><p>According to the Monetary Authority of Singapore&#39;s latest Survey of Professional Forecasters, the city-state&#39;s economy is expected to grow by 3.8% year-on-year in the first quarter, and by 2.6% in 2025.</p><p>In other economic news, Singapore&#39;s overall unemployment rate remained at 1.9% in December 2024, with the resident jobless rate at 2.8% and the citizen unemployment rate at 2.9%, according to data released by the Ministry of Manpower.</p><p>In company news, shares of Sin Heng Heavy Machinery (SGX:BKA) were up nearly 1% after the company appointed an independent financial adviser in the wake of the voluntary unconditional offer to take the company private at SG$0.58 per share by Tal United.</p><p>Sembcorp Industries (SGX:U96) was down nearly 1% at the close after the company completed the disposal of its entire issued and paid up share capital in Sembcorp Environmental to SBT Investment 2.</p><p>Meanwhile, Sincap Group (SGX:5UN) confirmed its intention to acquire the entire issued and paid up share capital of Skylink APAC for SG$42.3 million.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Shares Continue Winning Streak Ahead of US Fed's Policy Decision</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Shares Continue Winning Streak Ahead of US Fed's Policy Decision\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2025-03-19 17:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p> Singapore stocks defied declines on Wall Street to continue their winning streak on Wednesday, ahead of the US Federal Reserve&#39;s policy decision due later today.</p><p>The Straits Times Index <a href=\"https://laohu8.com/S/STI\">$(STI)$</a>, a key benchmark for the Singapore Exchange, ranged between 3,900.23 and 3,918.24 throughout the day. It ended the session at 3,908.31, up 13.34 points or 0.34% compared to Tuesday&#39;s close.</p><p>According to the Monetary Authority of Singapore&#39;s latest Survey of Professional Forecasters, the city-state&#39;s economy is expected to grow by 3.8% year-on-year in the first quarter, and by 2.6% in 2025.</p><p>In other economic news, Singapore&#39;s overall unemployment rate remained at 1.9% in December 2024, with the resident jobless rate at 2.8% and the citizen unemployment rate at 2.9%, according to data released by the Ministry of Manpower.</p><p>In company news, shares of Sin Heng Heavy Machinery (SGX:BKA) were up nearly 1% after the company appointed an independent financial adviser in the wake of the voluntary unconditional offer to take the company private at SG$0.58 per share by Tal United.</p><p>Sembcorp Industries (SGX:U96) was down nearly 1% at the close after the company completed the disposal of its entire issued and paid up share capital in Sembcorp Environmental to SBT Investment 2.</p><p>Meanwhile, Sincap Group (SGX:5UN) confirmed its intention to acquire the entire issued and paid up share capital of Skylink APAC for SG$42.3 million.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BKA.SI","symbol_name":"新兴重型机械","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2520971682","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2520971682","pubTimestamp":1742377166,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Singapore stocks defied declines on Wall Street to continue their winning streak on Wednesday, ahead of the US Federal Reserve's policy decision due later today.The Straits Times Index (STI), a key be","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BKA.SI":"新兴重型机械","U96.SI":"胜科工业"},"translate_title":"在美联储政策决定之前，新加坡股市继续连涨","themeId":"0646e72645a973f77cfdf9c2aa4b8835","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"5UN.SI":1.1,"BKA.SI":1.1,"U96.SI":1.1},"content_text":"Singapore stocks defied declines on Wall Street to continue their winning streak on Wednesday, ahead of the US Federal Reserve's policy decision due later today.The Straits Times Index $(STI)$, a key benchmark for the Singapore Exchange, ranged between 3,900.23 and 3,918.24 throughout the day. It ended the session at 3,908.31, up 13.34 points or 0.34% compared to Tuesday's close.According to the Monetary Authority of Singapore's latest Survey of Professional Forecasters, the city-state's economy is expected to grow by 3.8% year-on-year in the first quarter, and by 2.6% in 2025.In other economic news, Singapore's overall unemployment rate remained at 1.9% in December 2024, with the resident jobless rate at 2.8% and the citizen unemployment rate at 2.9%, according to data released by the Ministry of Manpower.In company news, shares of Sin Heng Heavy Machinery (SGX:BKA) were up nearly 1% after the company appointed an independent financial adviser in the wake of the voluntary unconditional offer to take the company private at SG$0.58 per share by Tal United.Sembcorp Industries (SGX:U96) was down nearly 1% at the close after the company completed the disposal of its entire issued and paid up share capital in Sembcorp Environmental to SBT Investment 2.Meanwhile, Sincap Group (SGX:5UN) confirmed its intention to acquire the entire issued and paid up share capital of Skylink APAC for SG$42.3 million.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2520971682","isCrawlerRequest":true}