The Business Times

Singapore stocks open slightly higher in Tuesday trade; STI up 0.3%

Jeanette Tan
Published Tue, Jul 27, 2021 · 09:46 AM

SINGAPORE stocks shifted up slightly in early trade on Tuesday as markets opened, following similar movements on Wall Street on Monday.

The Straits Times Index (STI) rose 0.3 per cent or 8.29 points to 3,147.26 as at 9.01am.

Gainers outnumbered losers 106 to 30 after 73.9 million securities worth S$56.4 million changed hands.

Sembcorp Marine S51 : S51 0%shares were the most actively traded on Tuesday morning, with 26.6 million shares changing hands. The counter rose 2.9 per cent or 0.3 Singapore cent to 10.7 cents.

Among index counters, Thai Beverage Y92 : Y92 0%was Tuesday morning's top gainer, rising 0.8 per cent or 0.5 Singapore cent to 66 cents.

Stapled securities of Ascott Residence Trust HMN were also actively traded on the back of their earnings report on Tuesday morning. The CapitaLand subsidiary was up 2 per cent or two Singapore cents to S$1.03.

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The trio of local banks traded mixed on Tuesday morning, with DBS D05 and OCBC O39 seeing marginal increases, and UOB U11 tr : U11 0%ading lower. Shares of DBS were up 0.03 per cent or one Singapore cent to S$30.01, and OCBC was up 0.6 per cent or seven cents to S$12.06. Meanwhile, UOB slipped 0.2 per cent or six cents to S$25.83.

In the US, stocks edged higher on Monday adding to records following a choppy session ahead of major corporate earnings and a Federal Reserve decision later in the week.

All three major indices mustered narrow gains, propelling the market even higher after Friday's surge. The Dow Jones Industrial Average gained 0.2 per cent to close at 35,144.31, the S&P 500 climbed 0.2 per cent to 4,422.30, while the Nasdaq Composite Index advanced less than 0.1 per cent to 14,840.71.

European stocks eased from all-time highs on Monday, hurt by a decline in shares of Dutch technology investor Prosus on regulatory clampdowns in China.

The pan-European Stoxx 600 index fell 0.1 per cent, snapping a four-session rally.

Elsewhere in Asia, Tokyo stocks opened higher on Tuesday in cautious trade ahead of the upcoming meeting of the US Federal Reserve.

The benchmark Nikkei 225 index was up 0.1 per cent or 34.94 points at 27,868.23 in early trade, while the broader Topix index edged up 0.4 per cent or 8.39 points to 1,934.01.

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