AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Singapore's Straits Times rises 0.7% to 3,876.16 at close
ByAinvest
Friday, May 9, 2025 5:21 am ET1min read
Singapore's Straits Times rises 0.7% to 3,876.16 at close
The Singapore Straits Times Index (STI) closed at 3,876.16 on Monday, May 7, 2025, marking a 0.7% increase from the previous day's close. The index, which had been on a three-day upward trajectory, reached its highest level since the start of the year, although it remains below the 3,850-point plateau [1].The rally was driven by a mix of performances from various sectors. CapitaLand Ascendas REIT and CapitaLand Investment led the gains, rising by 0.38% and 1.58% respectively, while DFI Retail Group surged by 5.04%. Conversely, Comfort DelGro and Yangzijiang Shipbuilding experienced significant declines, with Comfort DelGro falling by 3.25% and Yangzijiang Shipbuilding plummeting by 6.22% [1].
The global market sentiment was cautious, with Asian markets expected to react to tariff concerns and sinking oil prices. The European markets were mixed, and the U.S. bourses ended the day in the red. The Dow Jones Industrial Average fell by 98.60 points, the NASDAQ dropped by 133.49 points, and the S&P 500 sank by 36.29 points [1].
The early pullback on Wall Street was attributed to traders cashing in on recent market strength and renewed trade concerns. However, the sell-off subsided following an unexpected increase in U.S. service sector activity in April. Crude oil futures also contributed to market volatility, dropping to a four-year low after OPEC+ agreed to increase oil production [1].
In other news, DBS Bank tweaked its 2025 guidance as its Q1 profit exceeded expectations. The bank reported a 14% increase in net profit for the quarter, driven by strong performance in its wealth and investment banking segments [2].
Meanwhile, Adani Enterprises' share price continued to be closely watched, closing at Rs 2455.50 after a 4.13% decline, with a trading volume of 4,227,194 shares [3].
References:
[1] https://www.nasdaq.com/articles/rally-may-stall-singapore-stock-market-4
[2] https://www.nst.com.my/business/corporate/2025/05/1213129/dbs-tweaks-2025-guidance-q1-profit-beats-expectations
[3] https://economictimes.indiatimes.com/markets/stocks/stock-liveblog/adani-ent-share-price-today-live-updates-07-may-2025/liveblog/120948781.cms
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet