Singapore stocks climb amid Asian equities rebound; STI up 0.7%

Singapore stocks rose on March 5, as Asian equities rebounded after a three-day rout, with the Straits Times Index up 0.7%. Read more at straitstimes.com.

SINGAPORE - Singapore stocks rose on March 5, as Asian equities rebounded after a three-day rout sparked by the Middle East war.

The benchmark Straits Times Index (STI) rose 0.7 per cent or 33.81 points to finish at 4,846.56.

Across the wider Singapore market, gainers outperformed losers 376 to 231, after 1.7 billion securities worth $2.6 billion changed hands.

The biggest gainer among the blue-chip index constituents was defence contractor ST Engineering, which rose 4.4 per cent or 46 cents to $10.84.

The worst performer on the STI was Yangzijiang Shipbuilding, which retreated 1.4 per cent or six cents to $4.22.

The trio of local banks saw mixed performance. DBS Bank rose 0.2 per cent or 12 cents to $55.12, and UOB added 0.5 per cent or 18 cents to finish at $36.01. OCBC Bank fell 0.3 per cent or six cents to $20.84.