At closing bell, the Straits Times Index (STI) index was up 15.57 points, or 0.47% to 3,304.99 after trading between 3,300.86 and 3,324.01. Across the broader market, advancers outpaced decliners with 333 to 289, with 1.38 billion securities worth S$1.46 billion changed hands.
The biggest gainer on the STI was Mapletree Pan Asia Commercial Trust, up 4.1% to S$1.27. Genting Singapore was the worst performer on the STI for the day, down 2.16% to S$0.905.
Banking stocks ended the day mostly higher. United Overseas Bank was up 0.57% to S$30.12 and DBS Group Holdings added 0.68% to S$35.55, while Oversea-Chinese Banking Corp fell 0.35% at S$14.30.
In corporate news, shares of Mermaid Maritime fell 12.5% even after the company reported that it returned to a profit of $331,000 in the first quarter of 2024, against a loss of $4.9 million in the year-ago period.
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