SINGAPORE: Singapore shares inch up on Thursday morning, with the Straits Times Index barely budging, as gains in travel and hospitality-related sectors countered weaker performances from banking stocks.
In the broader market, gainers slightly outnumbered losers, with 72 stocks on the rise compared to 38 in decline. However, banking stocks faced a downward trend during the early hours of trading. DBS slid by 0.4% to S$36.48, UOB slipped by 0.3% to S$29.60, and OCBC saw a decline of 0.2%, reaching S$13.71.Among the index counters, Singapore Airlines witnessed a gain of 0.9%, closing at S$6.47, while Sats climbed 1.2% to S$2.56.
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