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Steven Tay
2022-07-07

Singapore Stocks Close Higher on Thursday, Tracking Regional Gains; STI up 0.8%

SINGAPORE shares made gains on Thursday (Jul 7), mirroring a rally in regional markets as lower oil

Singapore Stocks Close Higher on Thursday, Tracking Regional Gains; STI up 0.8%

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STI up 0.8%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-07 18:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/stocks/singapore-stocks-close-higher-on-thursday-tracking-regional-gains-sti-up-08><strong>The Business Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE shares made gains on Thursday (Jul 7), mirroring a rally in regional markets as lower oil prices provided some relief to investors.The Straits Times Index (STI) closed 0.8 percent or 25.74 ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/stocks/singapore-stocks-close-higher-on-thursday-tracking-regional-gains-sti-up-08\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.businesstimes.com.sg/stocks/singapore-stocks-close-higher-on-thursday-tracking-regional-gains-sti-up-08","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121478094","content_text":"SINGAPORE shares made gains on Thursday (Jul 7), mirroring a rally in regional markets as lower oil prices provided some relief to investors.The Straits Times Index (STI) closed 0.8 percent or 25.74 points higher at 3,129.40.Elsewhere in the region, markets also ended mostly higher, despite hawkish minutes from the Federal Reserve on Wednesday.South Korea’s Kospi and Japan’s Nikkei 225 rose 1.8 percent and 1.5 percent respectively, while Taiwan’s Taiex jumped 2.5 percent, and the Shanghai Composite gained 0.3 percent.“The North Asian energy-importing heavyweights are booking impressive gains today as Brent crude slumped to around US$100 a barrel overnight,” Oanda senior market analyst Jeffrey Halley said.However, he noted that the fall in oil prices appeared to be “driven by a culling of speculative longs and trend-following fast money”, with nothing materially changing in real world supply and demand imbalance.Across the broader Singapore market, gainers outnumbered losers 249 to 201, after 1.2 billion securities worth S$944.3 million were traded.Wilmar International led gainers on the STI, climbing 3.2 percent to close at S$4.14. 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