30.04.202603:24:44UTC+00Singapore Stocks Bounce Back from Over Five-Week Low

The STI Index climbed 35 points, or 0.7%, to 4,896 in Thursday’s morning session, reversing losses from the previous six trading days and rebounding from its lowest level since March 23, which it had touched on Wednesday. The benchmark tracked gains in US futures after upbeat earnings from major technology firms. Sentiment was further supported by the latest data from China: a private survey showed mainland factory activity expanding at its fastest pace since 2020, even as official figures pointed to a slight moderation.

Upside was capped, however, by the Federal Reserve’s decision to keep interest rates unchanged and by rising oil prices. Energy minerals, electronic technology, health technology, and commercial services were among the strongest sectors. Notable gainers included DBS Group Holdings (up 3.6%), OCBC (0.7%), UOB (0.5%), Singapore Technologies Engineering (0.3%), and Keppel (0.3%).