Singapore shares open 0.4% higher on Wednesday after firmer Wall Street
SINGAPORE stocks opened 0.41 per cent higher on Wednesday, with the Straits Times Index adding 11.74 points to 2,908.29 as at 9.01am.
Nasdaq hit a fresh record, jumping 0.5 per cent to 5,275.91 points on Tuesday, up about 14 points from the last record set on Aug 15.The Dow Jones Industrial Average added 0.3 per cent to 18,538.12, while the broad-based S&P 500 rose 0.3 per cent to 2,186.48. Lacklustre US economic data reportedly boosted confidence that the Federal Reserve will continue to keep interest rates low.
In Singapore, about 73.7 million shares worth S$56.1 million in total changed hands. Gainers beat losers 80 to 35.
Top stocks by value traded were DBS, SGX and Singtel.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
US: Wall Street slips as dour earnings, chip stocks weigh
Europe: Adidas, LVMH steer shares higher on earnings relief
Rebound relief for Asian stocks; STI up 0.3% led by DBS, UOB
Asia: Stocks swing after latest selloff as Fed, Middle East dampen sentiment
Cordlife to raise S$8.2 million from private placement
Singapore stocks open lower on Wednesday; STI down 0.1%