STI closes 0.24% higher at 2,773.31

SINGAPORE (May 26): Singapore stocks closed higher on Thursday, helped by the buying of energy shares as oil prices passed the US$50 a barrel mark.

As at 5.04pm, the benchmark Straits Times Index was up 6.65 points or 0.24% at 2,773.31. The broader market saw 975 million shares with a value of $775 million shares traded. There were 207 gainers against 180 losers.

Sembcorp Industries rose 1.1% to close at $2.79 while Sembcorp Marine closed 1.3% higher at $1.56. Shares in the world's largest offshore rig builder Keppel Corp. rose 2.5% at $5.40. Ezra Holdings, which provides offshore services to oil and gas industry, was among the most traded stocks. It was up about 2.9% at 7 cents.

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