Prior to Wong’s address at 3.30pm, the STI was up 20.19 points for the day, or 0.52% up, to 3,925.04 points.
The benchmark index had surged to a previous record intra-day high of 3,921.3 points on Feb 10, buoyed by DBS Group Holdings — the Singapore Exchange’s largest stock by market capitalisation — which reported record full-year net profit of $11.4 billion that morning.
Two STI constituents will be releasing financial results tomorrow (Feb 19). United Overseas Bank (UOB) will announce its full-year results for FY2024 ended Dec 31, 2024; while Singapore Telecommunications(Singtel) will provide a business update for its 3QFY2025 ended Dec 31, 2024.
Follow the market’s reaction to Budget 2025 on The Edge Singapore.
