Singapore shares are expected to open higher on Friday, extending gains after the Straits Times Index rose 0.21 percent to 3,882.58. The positive lead from Wall Street, where the S&P 500 rallied 1.04 percent, helped ease concerns about the interest rate outlook after U.S. producer price data showed tame components of the Federal Reserve's preferred inflation gauge. Among local stocks, Seatrium Limited skyrocketed 10.87 percent, while Thai Beverage plummeted 2.91 percent. Singapore is also set to release fourth-quarter GDP data later today, with forecasts pointing to a 4.1 percent year-on-year increase, easing from 4.3 percent in the prior quarter.
Thai Beverage Public Company LimitedThai Beverage plummeted 2.91% in the previous session, but the article does not explain why; the overall market sentiment is positive, so the drop appears idiosyncratic but no driver is given.
Seatrium Limited skyrocketed 10.87% in the previous session, but the article does not explain the reason; the positive market backdrop may have contributed, but no specific driver is mentioned.