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#SgMarketUpdate
Singapore shares rise on Tuesday; STI up 0.8%

Singapore stocks ended higher on Tuesday (Jun 16).

The benchmark Straits Times Index (STI) gained 0.8 per cent or 39.57 points to finish at 5,116.86.

Singapore Exchange : S68 +3.96% led the gainers on Singapore’s blue-chip index, rising 4 per cent or S$0.92 to end at S$24.17.

The worst performer among STI constituents was Jardine Matheson : J36 -3.71%, which fell 3.7 per cent or US$2.45 to close at US$63.55.

This was after the company held its first Investor Day on Tuesday, when it pledged to grow its dividend by at least 5 per cent annually until 2030.

It also launched a US$500 million share buyback programme, among other shareholder-return and portfolio-recycling targets.

The three local banks ended higher. DBS : D05 +0.38% gained 0.4 per cent or S$0.24 to S$63.73, OCBC : O39 +2.32% rose 2.3 per cent or S$0.55 to S$24.26, and UOB : U11 +1.43% was up 1.4 per cent or S$0.55 at S$39...

Across the broader market, losers beat gainers 342 to 256, with 1.2 billion securities worth S$2 billion changing hands.

Key regional indices ended mixed. Hong Kong’s Hang Seng Index lost 1.4 per cent, while Japan’s Nikkei 225 rose 0.1 per cent, South Korea’s Kospi was up 2.1 per cent and the FTSE Bursa Malaysia KLCI advanced 1.1 per cent.

https://www.businesstimes.com.sg/companies-markets/singapore-shares-rise-tuesday-sti-0-8