Singapore stocks ended higher on Thursday, stabilizing alongside key regional peers as the conclusion of the US midterms cleared a major political overhang for investors.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,229.10 and 5,305.86 throughout the day. It ended the session at 5,296.25, up 27.62 points or 0.5% compared to Wednesday's close.
UOL, iFast, SATS, Genting Sing, SIA , Yanlord Land, Suntec up over 3%.
In economic news, Singapore's total retail sales rose 1.7% year over year to SG$4.3 billion in September, following a 0.8% increase in the prior month, according to data from the Statistics Department.
On the corporate front, shares of Thakral (SGX:AWI) rose nearly 8% at the close as its Indian subsidiary, TIL Investments, signed a deal to lease 3.5 acres of land in Gurugram, India, to Manipal Health Enterprises (NSE:MANIPALHOS, BOM:544847). Shares closed flat.
Raffles Education (SGX:NR7) was down over 1% at the close as it said the 37 million yuan due as final cash consideration for the disposal of its entire stake in Hefei Yuren Education Management remains unpaid by the buyer, despite a formal payment demand.
Meanwhile, Capital World (SGX:1D5) subsidiary Capital City Property signed three sale and purchase agreements to dispose of development rights and property interests in five towers of its Capital City Project in Malaysia for 50 million ringgit.
