Singapore stocks open higher; STI up 0.2%

SINGAPORE stocks opened higher on Tuesday (Sep 6) while Wall Street indices were closed.

The Straits Times Index (STI) was up 0.2 per cent or 6.52 points to 3222 as at 9 am. Gainers outweighed losers 74 to 31 after 48.07 million securities worth S$33.84 million shares changed hands.

Eneco Energy was the most actively traded counter in the morning with 21.6 million shares transacted. The counter was down 50 per cent or S$0.013 at S$0.013. The stock was placed under Watch-list. Among index counters, Singtel traded higher 1.1 per cent or S$0.03 at S$2.66 after 1.8 million shares were traded.

The trio of local banks traded mixed at Tuesday's open. DBS was down 0.03 per cent or S$0.01 to S$32.63, UOB lost 0.2 per cent or S$0.05 to S$27.11, while OCBC was up 0.1 per cent or S$0.01 to S$12.01.

Over in the US, Wall Street indices were closed on Monday in observance of Labour Day and will resume trading the following day.

The Europe-wide Stoxx 600 index closed 0.6 per cent lower, after Russia stopped pumping gas via the Nord Stream 1 pipeline to Europe, sparking worries about surging energy prices and winter shortages in the region.

Elsewhere in Asia, Tokyo stocks opened lower on Tuesday in subdued trade, with few fresh market-moving events after a holiday for US bourses.

The benchmark Nikkei 225 index was down 0.2 per cent, or 46.11 points, at 27,573.50 in early trade, while the broader Topix index was down 0.3 per cent, or 4.91 points, at 1,923.88.

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