--- title: "STI Adds 0.59% to 5,289.66 as Venture and ST Engineering Lead While Property Trusts Slip" type: "News" locale: "en" url: "https://longbridge.com/en/news/305145160.md" description: "The Straits Times Index rose 0.59% to 5,289.66, driven by gains in technology, aviation, and engineering stocks like Venture and ST Engineering. Conversely, property trusts and developers declined significantly, with MPACT leading the losses due to weaker revenue and net property income. The market showed a split performance, with industrial leaders advancing while real estate names slipped." datetime: "2026-11-11T09:41:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/305145160.md) - [en](https://longbridge.com/en/news/305145160.md) - [zh-HK](https://longbridge.com/zh-HK/news/305145160.md) generator: "portal-rs" --- # STI Adds 0.59% to 5,289.66 as Venture and ST Engineering Lead While Property Trusts Slip The Straits Times Index rose 31.07 points, or 0.59%, to close at 5,289.66 on Wednesday, extending Tuesday's rebound. It traded between a low of 5,257.31 and a high of 5,317.23. Of the 30 basket constituents, 15 advanced, 11 declined and 4 closed unchanged, with technology manufacturing, aviation services and engineering names leading and the three local banks each up 0.54% to 0.85%. The index remains about 7 points below Thursday's close of 5,296.25, so the two-day recovery has not yet fully reversed the previous week's fall. The advance was uneven: gains came from industrial and technology-linked stocks, while almost every property and REIT constituent in the basket closed lower. ## Session Movers **Venture (V03.SG, +5.22%)** rose to $15.31, the basket's biggest gainer. The company disclosed on Nov. 6 that working capital rose to S$1.06 billion at Sept. 30 from S$830.8 million at end-2025, which it attributed to higher inventories built to secure critical components and meet growing customer demand; net asset value per share edged up to S$9.54 from S$9.45 a year earlier. No new company announcement was recorded today. **ST Engineering (S63.SG, +2.20%)** rose to $9.74. The group reported S$560 million of new contracts in the third quarter on Oct. 27, with gains across all three business segments, and signed nuclear-energy cooperation MOUs with Sembcorp Industries and others the same day. **Singtel (Z74.SG, +1.22%)** rose to $4.14. On Nov. 4 it signed an MOU with NUHS and Ericsson on connected healthcare using 5G-Advanced and 6G, establishing the National University XG AI Centre. Earlier, on Nov. 2, media reported that KKR, Singtel and Tata Communications had put data-centre company STT GDC India up for sale at more than $5.5 billion. **MPACT (N2IU.SG, -2.54%)** fell to $1.15, the steepest decliner among the movers. Its second-quarter results on Oct. 30 showed gross revenue down 5% to $207.5 million and net property income down 6.3% to $153.5 million, on weakness in China and Hong Kong, asset divestments and higher property taxes. Distribution per unit fell 3.5% to about 1.95 cents; VivoCity growth and a +3.5% first-half rental reversion partly offset the decline. ## One point worth noting Ten of the 11 decliners in the basket were property developers, landlords or REITs: MPACT (-2.54%), Frasers Centrepoint Trust and UOL (both -1.38%), CICT (-1.27%), City Developments (-1.25%), Frasers Logistics & Commercial Trust (-1.12%), CapLand Ascendas REIT (-0.89%), Hongkong Land (-0.84%), Mapletree Industrial Trust (-0.57%) and CapitaLand Investment (-0.42%). The index gain therefore came from a narrower group of stocks than the 15-to-11 breadth suggests, and it coincided with a split between industrial leaders and property-linked names rather than a market-wide advance. ### Related Stocks - [S63.SG](https://longbridge.com/en/quote/S63.SG.md) - [V03.SG](https://longbridge.com/en/quote/V03.SG.md) - [ES3.SG](https://longbridge.com/en/quote/ES3.SG.md) - [G3B.SG](https://longbridge.com/en/quote/G3B.SG.md) - [STI.SG](https://longbridge.com/en/quote/STI.SG.md) - [9CI.SG](https://longbridge.com/en/quote/9CI.SG.md) - [A17U.SG](https://longbridge.com/en/quote/A17U.SG.md) - [C09.SG](https://longbridge.com/en/quote/C09.SG.md) - [J69U.SG](https://longbridge.com/en/quote/J69U.SG.md) - [ME8U.SG](https://longbridge.com/en/quote/ME8U.SG.md) - [U14.SG](https://longbridge.com/en/quote/U14.SG.md) - [U96.SG](https://longbridge.com/en/quote/U96.SG.md) - [Z74.SG](https://longbridge.com/en/quote/Z74.SG.md) ## Related News & Research - [Bradsaúde’s Atlântica Partners With Fleury for Outpatient Oncology Joint Venture](https://longbridge.com/en/news/305065050.md) - [UMS Integration Plans Vietnam Joint Venture to Expand Manufacturing Capacity](https://longbridge.com/en/news/304996606.md) - [Stocks to watch: Venture Corp, NetLink NBN Trust, Food Innovators](https://longbridge.com/en/news/304929658.md) - [Venture Working Capital Rises to S$ 1.06 Billion From S$ 830.8 Million](https://longbridge.com/en/news/304609931.md) - [3 Stocks to Watch as AI Data Center Operators Shift From Owning to Leasing](https://longbridge.com/en/news/304808667.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**