Stock Market Today
| 5 December 2025
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The local benchmark index was down 0.4% or 19.38 points at 4,535.14, with only a fifth of the 30 index constituents finishing higher. DBS and UOB slid by S$0.22 or 0.4% to S$54.21, and 0.3% or S$0.09 to S$34.46, respectively. OCBC was flat at S$18.95.
The S&P 500 and Nasdaq Composite rose slightly on Thursday as investors prepared for next week’s interest rate decision from the Federal Reserve. The broad-based index inched up 0.11% to close at 6,857.12, while the Nasdaq Composite traded higher by just 0.22% to finish at 23,505.14. The Dow Jones Industrial Average slipped just 31.96 points, 0.07%, to 47,850.94.
Singapore Technical Highlights
TOP 5 GAINERS & LOSERS
Events Of The Week
SG
CapitaLand Ascott Trust and Sheng Siong Group have replaced Olam Group and Yangzijiang Financial Holding on the Singapore benchmark index’s “reserve” list, following the December quarterly review. There are no changes to the constituents of the local benchmark index.
Sunpower Group on Thursday announced that it is acquiring stakes in two Chinese power projects. Its subsidiaries are acquiring 15% interest in Jining Xinneng Thermal Power for about 30.2 million yuan (S$5.5 million), and 1 0% from Jiangsu Geqiu Environmental Technology for 16.8 million yuan.
SGX Group has denied reports that it is in talks to acquire an Cboe Australia, a stock exchange in Australia.
Singapore-headquartered digital infrastructure firm Embed Financial Group Cayman Holdings (EFGH) revealed its plans to list in the US via a special purpose acquisition company.
US
A bipartisan group of U.S. senators plans to introduce legislation Thursday that would block Nvidia from selling its most advanced chips to China for 30 months, according to the Financial Times.
Microsoft announced Thursday it will increase prices for its Office productivity software subscriptions for commercial and government clients starting July 2026.
U.S. tech giant Meta is set to face a European Union antitrust investigation into use of artificial intelligence in its chat platform Whatsapp, a source told Reuters.
Meta is expected to make up to 30% budget cuts for its metaverse initiative, Bloomberg News reported on Thursday, citing people familiar with the discussion.
Amazon is planning to end its partnership with the U.S. Postal Service by the end of 2026 and expand its own nationwide delivery network, according to a report by the Washington Post.
November registrations, a proxy for sales, of Tesla cars in the UK fell 19% to 3,784 from 4,680 cars a year ago, preliminary data from research group New AutoMotive data showed.
Cybersecurity firm SentinelOne forecast fourth-quarter revenue below analysts’ expectations on Thursday, and said Chief Financial Officer Barbara Larson will step down.
The chairman of China’s international trade promotion body met with several semiconductor companies including Qualcomm, GlobalFoundries, ON Semiconductor, Nokia, Synopsys, and Emerson, according to an official statement released Thursday.
Paramount Skydance Corp more than doubled the proposed break-up fee in its offer to acquire Warner Bros Discovery Inc to US$5 billion ($6.48 billion), according to people familiar with the company’s offer.
OpenAI agreed to buy Neptune, a start-up that makes tools for analysing progress during artificial intelligence (AI) model training. The transaction will be in stock, but OpenAI declined to disclose specific terms.
ExxonMobil plans to wind down operations at the older of its two steam crackers on Singapore’s Jurong Island from March, four sources familiar with the matter said, part of a global petrochemicals sector trend to reduce capacity amid industry losses.
Initial claims for state unemployment benefits fell 27,000 to a seasonally adjusted 191,000 for the week ended Nov 29, the lowest level since September 2022, the Labor Department said on Thursday.
Treasuries fell after jobless claims dropped to their lowest level since 2022. Yields climbed three to five basis points across tenors, led by the five-year. The 10-year note’s rose to 4.11%, exceeding end-of-day levels since Nov. 19.
Source: SGX Masnet, Bloomberg, Channel NewsAsia, Reuters, CNBC, WSJ, The Business Times, The Edge Singapore, PSR
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