The Singapore stock market ended its four-day losing streak on Monday, recovering almost 100 points or 2.8%, with the Straits Times Index closing just above 3,750 points. The market is expected to open higher again on Tuesday.

The positive global outlook, especially in technology stocks, is supporting the Asian markets, with European markets flat and US markets rising.

The STI saw gains from financial shares, property stocks, and industrial sectors. It advanced 32.40 points, or 0.87%, closing at 3,752.33 after trading between 3,715.52 and 3,763.13.

Among the active stocks, CapitaLand Integrated Commercial Trust and Seatrium Limited gained 1.05%, while CapitaLand Investment rose 1.57%. Other notable movers included DBS Group (+1.26%), Emperador (+1.20%), and Keppel DC REIT (+1.42%). In contrast, Comfort DelGro saw a decline of 0.68%, and SingTel fell 0.64%.

US markets also ended the day on a positive note, with the Dow adding 66.69 points, or 0.16%, to finish at 42,906.95. The NASDAQ rose by 192.29 points, or 0.98%, and the S&P 600 gained 43.22 points, or 0.73%. The tech-heavy NASDAQ was boosted by semiconductor and computer hardware stocks, though overall trading was subdued ahead of the Christmas holiday.

Oil futures fell, driven by concerns about excess supply and a stronger dollar, with West Texas Intermediate crude dipping $0.26 to $69.20 a barrel.

RTTNews