Singapore stocks rebounds on March 24; STI up 0.4%

Singapore stocks rebounded on March 24, with the Straits Times Index (STI) gaining 0.4%. Read more at straitstimes.com.

SINGAPORE – Singapore stocks ended higher on March 24 amid mixed results from regional peers.

The benchmark Straits Times Index (STI) gained 0.4 per cent, or 21.13 points, to finish at 4,862.43. Meanwhile, the iEdge Singapore Next 50 Index lost 2.4 per cent, or 34.98 points, to 1,431.

Across the broader market, gainers beat losers 400 to 181, after 1.6 billion securities worth $1.8 billion changed hands.

DFI Retail Group led the gainers on Singapore’s blue-chip index, rising 4.3 per cent, or 18 US cents, to end at US$4.38.

The worst performer among STI constituents was Wilmar International, falling 1.9 per cent, or seven cents, to $3.64.

The three local banks ended mixed on March 24. DBS rose 0.4 per cent, or 21 cents, to $56.63, and OCBC Bank was up 0.8 per cent, or 16 cents, at $21.16, while UOB finished 0.1 per cent, or two cents, lower at $36.36.