The Singapore stock market is poised for further gains after a modest advance on Wednesday, bringing the Straits Times Index (STI) just above the 3,595-point level. This upward momentum follows a two-day rally in which the market added over 20 points, or 0.6%.

On Wednesday, the STI climbed 19.97 points, or 0.56%, to close at 3,595.66, with financials and industrial stocks showing mixed results. Key performers included DBS Group, which rose 1.17%, and Oversea-Chinese Banking Corporation, up 1.21%. Meanwhile, CapitaLand Investment dropped 0.66%, and City Developments fell 1.12%.

Market optimism is bolstered by expectations of stable interest rates, echoing positive sentiment from European and US markets. With global conditions favourable, the STI is expected to breach the 3,600-point level soon.

RTTNews