Across the broader market, gainers outnumber losers 249 to 186 after 622.7 million securities worth S$904.1 million change hands
SINGAPORE shares ended higher on Tuesday (Jan 28) before markets closed for the Chinese new year break.
The Straits Times Index (STI) was up 0.1 per cent or 4.36 points at 3,801.07. Across the broader market, gainers outnumbered losers 249 to 186 after 622.7 million securities worth S$904.1 million changed hands.
Trading volume was thin, with the market closing early on the eve of a two-day break.
Several markets in the region, such as Hong Kong, Indonesia, South Korea and Shanghai, were also closed on Tuesday.
CapitaLand Ascendas Reit was the biggest gainer on Tuesday, up 2 per cent or S$0.05 at S$2.61.
Meanwhile, Sembcorp Industries was the biggest decliner, falling 2.2 per cent or S$0.12 to S$5.43.
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The local banks saw mixed trading. OCBC lost 0.3 per cent or S$0.05 to S$17.04 and UOB fell 0.4 per cent or S$0.15 to S$36.87, while DBS gained 0.3 per cent or $0.13 to S$43.73.
Overnight, US markets saw mixed trading. The launch of Chinese artificial intelligence (AI) company DeepSeek became the dominant theme for market sentiments overnight, noted IG market strategist Yeap Jun Rong.
“There may be some “sell first, think later” thinking at play, with opinions still divided on whether DeepSeek will eventually be the ‘gamechanger’ that reshapes the US AI landscape,” he said.
“But if anything, market participants dislike uncertainties, and are clearly unwilling to take the risks in the near term.”
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