Singapore stocks rise at Monday's open; STI up 0.1%
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SINGAPORE shares rose in early trade on Monday (Nov 22) after the Ministry of Health over the weekend announced the easing of dining restrictions.
The Straits Times Index (STI) moved up 0.1 per cent or 3.39 points to 3,235.73 as at 9.02 am.
Gainers outnumbered losers 75 to 62, after 117.6 million securities worth S$57.9 million changed hands.
Addvalue Technologies A31 was the top traded in terms of volume, rising S$0.004 or 30.8 per cent to S$0.017 after 17.7 million shares were traded.
QT Vascular 5I0 was also actively traded at the open, opening flat at S$0.009 with 7.4 million shares changing hands. This is after the medtech company announced on Saturday (Nov 20) that its chief executive and executive director Eitan Konstantino will step down from his role on Nov 30.
Index counter Genting Singapore G13 was among the most actively traded securities on Monday morning, with 4.5 million shares traded. The counter rose by S$0.005 or 0.6 per cent to S$0.835.
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The trio of local banks were trading positively at the open. DBS was up S$0.20 or 0.6 per cent to S$32.68, UOB rose S$0.11 or 0.4 per cent to trade at S$27.74, while OCBC gained S$0.02 or 0.2 per cent to S$11.81 as at 9.02 am.
Over on Wall Street, US stocks ended on a mixed day on Friday (Nov 19) as markets weighed the risk of economic weakness due to another Covid-19 wave.
The broad-based S&P 500 shed 0.1 per cent to 4,697.96, while the tech-rich Nasdaq Composite Index jumped 0.4 per cent to 16,057.44, ending at its second straight record as it notched its first close above 16,000 points.
The benchmark Dow Jones Industrial average ended lower, dropping 0.8 per cent to 35,601.98.
Meanwhile, European shares ended in the red on Friday, clocking their first weekly decline in 7 weeks on concerns over the economic damage from fresh Covid-19 lockdowns in the region.
The pan-European Stoxx 600 closed 0.3 per cent lower at 486.08 points, after hovering near record highs earlier in the session.
Elsewhere in Asia, Tokyo stocks opened lower on Monday as investors turned wary after the Dow ended down last week.
The benchmark Nikkei 225 index fell 0.5 per cent to 29,613.13 in early trade, while the broader Topix index slipped 0.7 per cent at 2,031.33.
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