Singapore stocks rise at Tuesday's open; STI up 0.1%

SINGAPORE stocks were in green on Tuesday morning (Feb 15) after several companies posted earnings statements on Monday.

The Straits Times Index (STI) was up 0.1 per cent or 2.74 points at 3,423.94 as at 9.02 am.

Gainers outnumbered losers 71 to 35 after 70 million securities worth S$130.4 million changed hands.

The most actively traded counter by volume in early trade on Tuesday was Thai Beverage Public Company (ThaiBev) Y92 after it posted a growth in sales revenue on Monday. The counter traded at S$0.68, up 3 per cent or S$0.02 with 19.7 million shares changing hands.

Singtel Z74 was also among the most heavily traded securities after it announced a 23.8 per cent rise in net profit for its third quarter ended Dec 31, 2021. Shares of the telco grew 0.8 per cent or S$0.02 to trade at S$2.57.

Another active counter in early trade was Genting Singapore G13 . The resort company's shares traded up 0.7 per cent or S$0.005 to S$0.775.

Singapore Press Holdings T39 was heavily traded on Tuesday morning as well. SPH shares traded at S$2.33, jumping 0.4 per cent or S$0.01. The company announced on Monday that the court has made an order granting it leave to convene the Cuscaden scheme meeting.

The trio of local banks were all in red on Tuesday morning.

DBS D05 shed 0.8 per cent or S$0.29 to S$36.91, OCBC O39 dropped 0.1 per cent or S$0.01 to trade at S$13.33, while UOB U11 was down 0.1 per cent or S$0.02 to S$32.68.

Over on Wall Street, traders ended Monday's session with slight losses amid concerns about Russia and Ukraine. The benchmark Dow Jones Industrial Average closed down 0.5 per cent at 34,566.17. The broad-based S&P 500 lost 0.4 per cent to end at 4,401.67, while the tech-rich Nasdaq Composite Index was flat at 13,790.92.

Meanwhile, European shares ended at their lowest level in 20 days on Monday. The pan-European Stoxx 600 index fell 1.8 per cent, marking its worst single day since Jan 24, 2022.

Elsewhere in Asia, Tokyo stocks opened modestly higher on Tuesday following positive readings for Japan's growth as investors grappled with fears Russia will invade Ukraine and fretted about US monetary tightening. The benchmark Nikkei 225 index was up 0.1 per cent or 27.75 points at 27,107.34 in early trade, while the broader Topix index was up 0.02 per cent or 0.32 points at 1,930.97.