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  • Singapore Market end higher
  • March 31,2023  16:32
  • The Singapore stock market finished session higher on Friday, 31 March 2023, joining regional peers rally, as easing concerns over turmoil in the banking sector and stronger than expected China's manufacturing data.

    At closing bell, the Straits Times Index (STI) index was up 1.72 points, or 0.05%, to 3,258.90 after trading between 3,255.59 and 3,273.47. Volume was 2.01 billion shares worth S$1.43 billion changed hands. There were 346 gainers and 213 decliners.

    The top performing stock in Straits Times Index constituents was Frasers Logistics & Commercial Trust which rose 4.8% to S$1.31, while the bottom performing stock was Thai Beverage Public Co, falling 2.33% to S$0.63.

    The local banking trio, accounting for a weighting of over 40% of the STI, were lower. United Overseas Bank declined 0.27% to $29.76, DBS fell 1.5% to $33, and Oversea-Chinese Banking Corp was 0.16% lower at $12.37.

    Shares of Sembcorp Industries rose nearly 2%, as the company, via its 45.3%-owned joint venture Hunan Xingling New Energy, acquired a portfolio of wind and solar assets in the Chinese provinces of Hunan and Guizhou.

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