Singapore shares closed higher for the fifth straight session on Thursday, reversing losses earlier in the day following overnight declines on Wall Street.

The Straits Times Index, which opened lower, rose 4%, or by 20.83 points, to end at 4,833.34.

In corporate news, shares of Soilbuild Construction Group (SGX:ZQM) were up over 4% at the close after it completed its stock split to increase its issued share capital to SG$107.9 million.

CapitaLand Integrated Commercial Trust (SGX:C38U) ended 1% lower even after its consortium comprising CapitaLand Development and UOL (SGX:U14), was awarded the tender for the Hougang Central Government land sales site for around SG$1.5 billion.

Meanwhile, shares of Samudera Shipping Line (SGX:S56) were down nearly 3% at the close as it increased its investment in Samudera Property via subscription of 39,900 shares for around 3.99 million Emirati dirhams.

STI up 0.4%; YZJ Fin Hldg, UOL up 3%; OUE up 2%; OCBC, DBS, ST Engineering up 1%; SIA Engineering, Nio down 3%; SingPost down 1%.