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S'pore stocks rise as GDP growth for third quarter beats forecasts
The Straits Times
|November 23, 2024
STI climbs 0.2% as Republic raises full-year growth forecast Across broader market, gainers outnumber losers 265 to 251 Regional markets end mixed amid global uncertainty
Stocks in Singapore rose on Nov 22 as the economy exceeded expectations for third-quarter growth, prompting the Government to revise year-on-year growth for the quarter upwards to 5.4 per cent and the full-year growth forecast for 2024 to around 3.5 per cent.
The growth forecast upgrade takes into account better-than-expected performance in the first three quarters, with gross domestic product growth for the first nine months reaching 3.8 per cent.
The benchmark Straits Times Index climbed 0.2 per cent or 6.8 points to close at 3,746.02.
Across the broader market, gainers outnumbered losers 265 to 251, after 1.8 billion securities worth $1 billion changed hands.
Bu hikaye The Straits Times dergisinin November 23, 2024 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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