Singapore's Straits Times Index rise on Thursday despite the US Federal Reserve meeting's minutes highlighting inflation worries.

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During the day, the benchmark Singapore Strait Times Index ranged between 3,297.56 and 3,322.62, ending 0.44% or 14.72 points higher at 3,322.62.

In economic news, Singapore's core consumer price index was 3.1% year over year in April, unchanged from March, as lower services and food inflation offset an increase in electricity, gas, retail, and other goods, according to data from the Monetary Authority of Singapore.

Meanwhile, Singapore's current account surplus ballooned to SG$37.19 billion in the first quarter from SG$31.98 billion a year earlier, lifted by higher goods and services account surplus.

According to the Ministry of Trade and Industry, Singapore's final gross domestic product increased 2.7% year over year in the first quarter, matching the flash reading and extending the 2.2% growth in the fourth quarter of 2023.

In company news, Singapore Tech Engineering's (SGX:S63) shares were up over 1% after its director, Tan Peng Yam acquired 10,500 ordinary shares of the company.

Jumbo Group (SGX:42R) closed 2% lower on Thursday, as the company was the subject of a ransomware incident, according to a filing with the Singapore Exchange on Thursday.