Singapore shares rallied on Thursday following a two-day Lunar holiday, taking a positive lead from Wall Street amidst a rebound in technology shares, while robust U.S. economic data also boosted investor sentiment globally.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,978.18 and 5,006.43 throughout the day. It ended the session at 5,001.56, up 62.98 points or 1.3% compared to Monday's close.

In company news, shares of Rex International (SGX:5WH) rose over 4% at the close, as its unit Lime Petroleum achieved first oil from the AK-2H well at the Seme Field Block 1 in Benin.

The oil exploration company also projected a net loss for 2025, mainly due to technical complications during the drilling operations in Benin, which increased drilling costs and production delays during the second half of 2025.

Meanwhile, ZICO (SGX:40W) said it expects to book a net profit for 2025 compared with a net loss a year earlier. It closed 1% lower on Thursday.