Singapore shares hit new high; STI up 1.5%

Across the broader market, advancers outnumber decliners 376 to 190 after 1.5 billion securities worth S$2.9 billion change hands

Local shares ended Thursday (Nov 6) higher, lifted by record gains in DBS and Singtel.

The benchmark Straits Times Index (STI) rose 1.5 per cent or 67.87 points to close at an all-time high of 4,484.99. Meanwhile, the iEdge Singapore Next 50 Index gained 0.04 per cent or 0.6 points to 1,443.88.

Singtel was the day’s top blue-chip gainer, rising 5.4 per cent or S$0.23 to close at a record S$4.50. This followed media reports that the local telco and global investment firm KKR & Co are in talks to buy more than 80 per cent of ST Telemedia Global Data Centre. The S$5 billion deal will give Singtel and KKR full ownership of the Singapore data centre.

DBS also hit a record high on Thursday, gaining 3.8 per cent or S$2.04 to end at S$55.54 after its Q3 earnings beat analysts’ forecasts. The counter’s net profit for the third quarter ended Sep 30, 2025, fell 2 per cent to S$2.95 billion, compared with S$3.03 billion for the year-ago period.

The biggest decliner on the STI was UOB, which also reported its Q3 earnings on Thursday. The counter fell 2.8 per cent or S$0.97 to S$33.90 after it reported a 72 per cent year-on-year decline in net profit.

OCBC, which will report its earnings on Friday, ended 0.8 per cent or S$0.13 higher at S$17.19.

Genting Singapore was the most actively traded counter on the STI by volume, with 77.6 million units worth S$56.8 million traded. The counter ended flat at S$0.73.

Across the broader market, advancers outnumbered decliners 376 to 190 after 1.5 billion securities worth S$2.9 billion changed hands.

Key regional indices mostly ended in positive territory. South Korea’s Kospi rose 0.6 per cent; Japan’s Nikkei 225 gained 1.3 per cent; Australia’s ASX 200 grew 0.3 per cent; and Hong Kong’s Hang Seng Index was up 2.1 per cent.