The Business Times

Singapore stocks rise at Tuesday's open; STI up 0.2%

Published Tue, Mar 16, 2021 · 09:47 AM

SINGAPORE stocks rose in early trade on Tuesday morning, shadowing a record close on Wall Street the day before.

The Straits Times Index (STI) rose 0.2 per cent or 6.97 points to 3,112.97 as at 9.03 am. Gainers outnumbered losers 104 to 35 after 79.5 million securities worth S$66.4 million changed hands.

Oceanus shares were the most actively traded securities, with 22.4 million shares being traded within the first two minutes after the market opened. The counter rose 7.3 per cent or 0.3 Singapore cent to 4.4 cents. (see Amendment note)

Koh Brothers Eco Engineering shares were also among actively traded securities on Tuesday morning, with 9.3 million shares changing hands. The counter rose 38.9 per cent or 1.4 Singapore cents to five cents.

Among index counters, Keppel DC Reit was the top gainer, rising 0.8 per cent or S$0.02 to S$2.63 as at 9.05am. On the other hand, Jardine C&C was the top loser as it fell 0.6 per cent or S$0.13 to S$22.49.

The trio of local banks were also trading in a mixed session on Tuesday morning. DBS was up 0.8 per cent or S$0.23 to S$28.19, UOB fell 0.5 per cent or S$0.12 to S$25.37. OCBC slipped 0.5 per cent or S$0.06 to S$11.63 as at 9.03am.

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

VIEW ALL

In the US, Wall Street continued to bet on Covid-19 vaccines and the government stimulus to heal the US economy, resulting in the Dow Jones Industrial Average and the S&P 500 closing at record highs for two days in a row.

The Dow Jones Industrial Average climbed 0.5 per cent to end the day at 32,953.46, while the broad-based S&P 500 gained 0.7 per cent to finish at 3,968.94. The Nasdaq Composite gained 1.1 per cent to finish at 13,459.71 as inflation fears kept traders away from riskier tech stocks.

European shares ended flat on Monday, with declines led by financial and mining stocks. The pan-European Stoxx 600 index was flat, inching closer to a record peak set last year, with travel and leisure, carmakers, and food and beverage sectors among the top gainers.

Elsewhere in Asia, Tokyo stocks open higher, mirroring record closes from Wall Street. The benchmark Nikkei 225 index was up marginally by 0.02 per cent or 5.28 points at 29,772.25 in early trade, while the broader Topix index gained 0.1 per cent or 1.3 points to 1,970.03.

 

Amendment note: A previous version of this story incorrectly stated the Wednesday opening price of Oceanus to be 0.03 Singapore cent, when it should have been 0.3 Singapore cent.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Capital Markets & Currencies

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here