Singapore stocks rise on optimism over rebound in real incomes, easing inflation

Quick Summary:

STI rose 0.8 per cent or 29.16 points to 3,737.25.

Notably, shares of engineering company PEC jumped more than 11 per cent on the back of news of a possible share deal.

While we think outperformance is less likely versus the Hong Kong market in 2025, with the stability of the Singapore dollar versus the US dollar, we think global investors may still like this market to offset risks,” she added.

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Article Details

Category: EconomyBusiness

Markets: SingaporeHong KongMalaysia

Topics: Cent Index Rose 2024 Likely Inflation Real Cents Growth Singapore Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 18:59:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 652 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23918710

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 14 posts per day

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Publisher ID: #25

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