--- title: "STI Rebounds 1.53% to 5,258.59 as Marine and Industrial Names Recover Friday's Losses" type: "News" locale: "en" url: "https://longbridge.com/en/news/304987467.md" description: "The Straits Times Index rebounded 1.53% to 5,258.59 on Tuesday, recovering from Friday's AI-related sell-off. Shipbuilding and industrial stocks led gains, with Yangzijiang Shipbuilding rising 5.52% amid strong global order data. Local banks also advanced, including OCBC which reported a 3% YoY profit increase. ST Engineering rose 2.92% following new contract wins. Conversely, Frasers Logistics & Commercial Trust fell 3.24% due to flat distributions and revaluation losses. The market showed a clear bounce in previously hard-hit names." datetime: "2026-11-10T09:45:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/304987467.md) - [en](https://longbridge.com/en/news/304987467.md) - [zh-HK](https://longbridge.com/zh-HK/news/304987467.md) generator: "portal-rs" --- # STI Rebounds 1.53% to 5,258.59 as Marine and Industrial Names Recover Friday's Losses The Straits Times Index rose 79.42 points, or 1.53%, to close at 5,258.59 on Tuesday, trading between a session low of 5,213.11 and a high of 5,276.26. Breadth was firm: 20 of the 30 basket constituents advanced, 6 declined and 4 closed unchanged, with shipbuilding, marine and industrial names leading and all three local banks higher. The gain reverses part of Friday's 2.21% fall, when an unwind in AI-related trades hit Asian markets. Market previews had pointed to US CPI data due Tuesday and the AI trade as the week's main tests, and Singapore's sharpest Friday decliners were the ones that rebounded most. The index remains about 38 points below its Thursday close of 5,296.25. ## Session Movers **Yangzijiang Shipbuilding (BS6.SG, +5.52%)** rose to $4.59, the basket's biggest gainer, recouping most of Friday's 6.45% drop. Sector data reported on Oct. 28 gave the backdrop: China's share of global shipbuilding completions, new orders and order backlog reached 63.6%, 81.8% and 72.4% respectively in the first three quarters, with orders for high-value-added vessels still rising. The consensus target of $5.66 implies roughly 23% upside. **OCBC (O39.SG, +3.14%)** rose to $28.60, the strongest of the three local banks, after reporting third-quarter net profit up 3% year on year to S$2.04 billion on Nov. 6. Recent press coverage noted a 10%–15% rise in appointment rates for wealth consultations at its branches. The consensus target of $30.91 implies roughly 8% upside. **ST Engineering (S63.SG, +2.92%)** rose to $9.53, recovering after Friday's 5.51% fall. The group reported S$560 million of new contracts in the third quarter, with gains across all three business segments, and signed nuclear-energy cooperation MOUs alongside Sembcorp Industries and others on Oct. 27. **Frasers Logistics & Commercial Trust (BUOU.SG, -3.24%)** fell to $0.895, the steepest decliner in the basket, as the market weighed its FY2026 results published Nov. 6. Second-half distribution per unit was 2.95 cents, unchanged year on year, and the full-year payout was 5.9 cents versus 5.95 cents. Revenue grew 6.7% to S$255.17 million, but finance costs rose, aggregate leverage reached 39.2% and a S$173.6 million property revaluation loss cut total return. ## One point worth noting The names that fell hardest on Friday led the rebound: Yangzijiang (+5.52% after -6.45%), Seatrium (+3.33% after -4.76%), Keppel (+3.28% after -4.93%) and ST Engineering (+2.92% after -5.51%). Banks gained 0.93% to 3.14%, a smaller share of the move than on most recent days, and the lone notable decliner among the movers was a REIT. The pattern is consistent with a bounce in the assets that were sold hardest, not a fresh change in leadership; the index is still below where it stood before Friday. ### Related Stocks - [BS6.SG](https://longbridge.com/en/quote/BS6.SG.md) - [BUOU.SG](https://longbridge.com/en/quote/BUOU.SG.md) - [O39.SG](https://longbridge.com/en/quote/O39.SG.md) - [S63.SG](https://longbridge.com/en/quote/S63.SG.md) - [SO7.SG](https://longbridge.com/en/quote/SO7.SG.md) ## Related News & Research - [Oversea-Chinese Banking Corporation: Record banking results lifted 3Q26 profit as GEH investment losses weighed on growth](https://longbridge.com/en/news/304549290.md) - [Oversea-Chinese Banking Corporation: Record 9M profit growth met a QoQ setback from weaker insurance investment returns](https://longbridge.com/en/news/304549303.md) - [Singapore's OCBC third-quarter net profit up 3% on-year, above forecasts](https://longbridge.com/en/news/304541501.md) - [Frasers Logistics & Commercial Trust Values Property Portfolio at S$ 7.25 Billion](https://longbridge.com/en/news/304546266.md) - [OCBC 3Q26 Net Profit Falls 8% Quarter-on-Quarter to S$ 2.04 Billion](https://longbridge.com/en/news/304564969.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**