Across the broader market, losers edge out 284 to 282, after 1.7 billion securities worth S$1.8 billion change hands
[SINGAPORE] Singapore stocks ended higher on Tuesday (Jan 6), extending gains from the previous day.
The benchmark Straits Times Index (STI) gained 1.3 per cent or 59.47 points to finish at 4,739.97, crossing the 4,700 mark for the first time. Meanwhile, the iEdge Singapore Next 50 Index remained flat at 1,461.50.
Across the broader market, losers edged out 284 to 282, after 1.7 billion securities worth S$1.8 billion changed hands.
Key regional indices were mixed. Hong Kong’s Hang Seng Index gained 1.4 per cent, Japan’s Nikkei 225 rose 1.3 per cent and South Korea’s Kospi climbed 1.5 per cent.
The FTSE Bursa Malaysia KLCI, meanwhile, lost 0.5 per cent.
Jardine Matheson led the gainers on Singapore’s blue-chip index, rising 4 per cent or US$2.75 to end at US$72.00.
The worst performer among STI constituents was Frasers Centrepoint Trust , which fell 1.7 per cent or S$0.04 to close at S$2.28.
The three local banks ended higher. DBS gained 2.3 per cent or S$1.28 to S$57.93. UOB was up 1.2 per cent or S$0.41 at S$35.91. OCBC rose 1.1 per cent or S$0.22 to S$20.18, breaching the S$20 mark for the first time.
“Geopolitical risks have clearly escalated over the past week, reviving questions about whether markets are fully pricing in the impact of recent US actions in Venezuela,” said Geoff Howie, market strategist at Singapore Exchange.
“Yet, markets are also digesting Singapore’s robust preliminary fourth-quarter 2025 GDP, with manufacturing up 15 per cent year on year, driven by biomedical and electronics gains,” he added.
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