Singapore stocks begin week higher, STI inches up 0.2%
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LOCAL shares began the week on a more upbeat showing, as Singapore further eased its Covid-19 restrictions related to dining and social gatherings amid an improvement in overall infection numbers.
Investors appeared slightly more optimistic, with the benchmark Straits Times Index gaining 0.2 per cent or 4.74 points to cap off Monday at 3,237.08. Across the broader market, however, decliners surged past advancers 282 to 190, after some 1.7 billion securities worth S$936.5 million changed hands.
Similar sentiments were observed in other markets around the region. The KLCI and Nikkei 225 each inched up 0.1 per cent; the Kospi gained 1.4 per cent, and the Jakarta Composite added 0.05 per cent. The Hang Seng Index fell 0.4 per cent.
Oanda senior market analyst Jeffrey Halley noted that the mood in Asian markets is "nervously unchanged". Some contributing factors, he said, include China's power crunch and property sector nerves, as well as fears of a fourth wave in Europe that could erode the global recovery.
On the local bourse, Jardine Matheson Holdings J36 was the top advancer. The counter added 1.3 per cent or US$0.76 to finish Monday at US$60.88.
A few tech names were also among the biggest gainers. Creative Technology C76 rose 4.6 per cent or S$0.11 to S$2.51; Nanofilm Technologies International MZH added 2.2 per cent or S$0.09 to S$4.24, while AEM AWX rose 1.2 per cent or S$0.06 to S$5.06.
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On the other end of the spectrum, another member of the Jardine group of companies - Dairy Farm International D01 -, was the biggest decliner for the day. The counter lost 3 per cent or US$0.10 to US$3.21.
Vividthree Holdings OMK was the most heavily traded stock on Monday, with some 132 million shares changing hands over the course of the day. The counter rose 55.4 per cent or S$0.036 to S$0.101.
The company last Friday (Nov 19) announced that it had raised some S$2.2 million through the placement of 37.5 million new shares to a group of investors that included high-net-worth individuals and institutional funds.
These funds would be channelled towards upcoming acquisitions and the funding of new projects such as digital non-fungible tokens for gaming, said the company.
Other actively traded counters on Monday included Oceanus Group 579 , Golden Energy and Resources AUE , and QT Vascular 5I0 .
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