Singapore shares open higher on Tuesday; STI up 0.3%

SINGAPORE equities started trading in positive territory on Tuesday (Apr 9) after global markets ended mixed overnight.

As at 9.01 am, the Straits Times Index (STI) rose 0.3 per cent or 8.07 points to 3,224.06. Gainers outnumbered losers 76 to 20 after 34.7 million securities worth S$31.5 million changed hands.

Logistics service provider Chasen : 5NV 0% was the most actively traded counter by volume in the morning, rising S$0.008 or 8.5 per cent to S$0.102 with 8.8 million shares moved.

Index counters Genting Singapore : G13 0% and Singtel : Z74 0% were briskly traded as well. The integrated resort operator remained flat at S$0.91 with 4.2 million shares transacted, while the telecommunications provider added S$0.01 or 0.4 per cent to S$2.42 with four million shares changing hands.

The local banks were mixed in early trade, with DBS : D05 0% shedding S$0.03 or 0.1 per cent to S$35.52. OCBC : O39 0% gained S$0.02 or 0.2 per cent to S$13.75, and UOB : U11 0% climbed S$0.06 or 0.2 per cent to S$29.43.

US stocks ended Monday essentially unchanged as a solar eclipse distracted investors ahead of crucial inflation data and the kick-off of first-quarter earnings season.

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The S&P 500 ended 0.04 per cent or marginally lower at 5,202.39, and the Dow Jones Index was 0.03 per cent down at 38,892.8. The tech-rich Nasdaq was nominally or 0.03 per cent higher at 16,253.96.

European shares climbed on Monday after the release of strong industrial production data from the region’s largest economy, Germany.

The Stoxx 600 index closed 0.5 per cent higher at 508.93.