On December 2, Genting Singapore led gains on the Straits Times Index (STI), rising 2% to 78 cents with a trading volume of 24 million shares worth $18.6 million. OCBC was the top decliner, falling 0.5% to $16.20. Among the local banks, DBS gained 0.3% to $42.55, and UOB edged up 0.1% to $36.40.
Singapore shares have performed well in 2024, with Macquarie expressing optimism for 2025, citing potential benefits from increased foreign direct investment (FDI) and wealth inflows despite global trade tensions.
Genting Singapore
Across the region, Japan’s Nikkei 225 rose 0.8%, China’s Shanghai Composite gained 1.1%, and Hong Kong’s Hang Seng Index advanced 0.7%. Malaysia’s FTSE Bursa Malaysia KLCI Index closed 0.1% higher, while the MSCI Asia ex-Japan index increased by 0.7%.