Singapore Stock Market Today: STI Slips Despite Asia Rally as Banks Drag, Olam Jumps
Singapore’s Straits Times Index slipped 13.37 points, or 0.27%, to wrap up at 5,007.83 on Thursday. The retreat in the benchmark followed declines in the trio of local banks and Singtel, erasing gains from other corners of the market. Olam, though, surged almost 8%, while Asian equities in general found support on optimism for renewed U.S.-Iran diplomatic talks. The dip barely nudged the benchmark from its tight band. STI still held above the 5,000 mark it recaptured on Wednesday. It’s roughly 0.7% under February’s record high of 5,041.33 — close enough for traders to stay interested, but not quite at breakout territory.