Singapore’s benchmark index STI rises for the sixth day, up 0.4%

Singapore's benchmark index, STI, rose for the sixth consecutive day, up 0.4% to 4,554.52 points. The iEdge Singapore Next 50 Index also increased by more than 0.4%. OCBC shares hit a record high, while DBS and UOB shares also rose. DFI Retail Group surged 4.9%, reaching a 52-week high. The rise is attributed to expectations of a US interest rate cut. Despite gains, decliners outnumbered gainers in the broader market.