Singapore's stock market kicked off 2025 on a positive note, even as the Wall Street lost ground on Tuesday, before the New Year break.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,780.46 and 3,800.81 throughout the day. It ended the session at 3,800.81, up 13.21 points or 0.35% compared to Tuesday's close.
In economic news, Singapore's GDP was up 4.3% year-on-year during the fourth quarter of 2024, albeit slower than the 5.4% growth in the previous quarter, based on advanced estimates released by the Ministry of Trade and Industry.
Meanwhile, overall housing prices in Singapore increased by 2.3% quarter over quarter in the fourth quarter of the year, bringing the price gain to 3.9% for the whole of 2024, according to flash estimate released by the Urban Redevelopment Authority.
In company news, shares of The Trendlines Group (SGX:42T) were down nearly 4% after the company revealed that it is conducting a potential misappropriation of funds from the accounts of its subsidiary, Trendlines Agrifood Innovation Centre.
NIO (SGX:NIO, HKG:9866) delivered 31,138 vehicles in December, up 73% from a year earlier. Its shares closed 1% lower on Thursday in Singapore.
Meanwhile, shares of Samudera Shipping Line (SGX:S56) were up over 1% after the company increased its investments in two subsidiaries by increasing the total share capital of each.
Yoma Strategic rose 10%, ThaiBev rose 3%, SingPost rose 2%, DBS rose 0.6%; SGX fell 2%, Nio fell 1%.
