OCBC, UOB, DBS lead Singapore stocks higher on Monday; STI up 0.4%
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Singapore stocks rose on May 11, with the Straits Times Index (STI) up 0.4% to 4,942.77. OCBC led gains, rising 2.6% to S$22.50, while DBS and UOB also saw increases. Seatrium was the worst performer, down 3%. Riverstone gained 7.2% in the iEdge Singapore Next 50 Index, while China Aviation Oil fell 5.7%. Overall, losers outnumbered gainers 340 to 279. Stephen Innes from SPI Asset Management noted that markets are focusing on AI-driven earnings despite geopolitical risks, which could impact energy markets and asset pricing.
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