Singapore Strait Times Index rose at the opening bell on Thursday and remained in the positive zone at the close, despite overnight losses in global markets.

During the day, the benchmark index ranged between 3,135.13 and 3,153.12, ending 0.09% or 2.92 points higher at 3,141.85.

In corporate news, shares of Rex International (SGX:5WH) surged 8%, following news that the company's subsidiary had signed a contract to operate a drilling rig in Oman.

In company news, Trek 2000's (SGX:5AB) shares soared 8%, after the company returned to an attributable profit in the second half of 2023, as revenue grew nearly 11%.

Meanwhile, China Aviation's (SGX:G92) shares were up 1%, as the jet fuel supplier posted a 182% growth in its attributable profit to owners for the second half of 2023, to $39.1 million from $13.9 million in the year-ago period.