SINGAPORE stocks were pulled into positive territory at Tuesday’s (Jul 11) open, following cautious sentiment in Wall Street in anticipation of critical inflation data to be released on Wednesday.

The Straits Times Index (STI) rose 0.3 per cent or 10.78 points to 3,160.10 as at 9.02 am. Gainers outnumbered losers 87 to 27, after 38.5 million securities worth S$54.2 million changed hands.

The most active counter by volume was Seatrium : S51 0%, which held steady at S$0.13 with 7.3 million shares transacted.

Other heavily traded securities included Mapletree Logistics Trust : M44U 0%, which gained 0.6 per cent, or S$0.01 to S$1.62, with 2.5 million shares changing hands, as well as, Thai Beverage : Y92 0% which remained unchanged at S$0.58, with 2.1 million shares traded.

Banking stocks traded mixed on Tuesday morning. DBS : D05 0% gained 0.7 per cent or S$0.21 to S$31.12, after its news to sell a 77.8 per cent stake in AXS to Tower Capital Asia. OCBC : O39 0% lost 0.1 per cent or S$0.01 to S$12.10, and UOB : U11 0% lost 03 per cent or S$0.07 to S$27.33.

US indices closed Monday modestly higher as investors stayed cautious while waiting for the consumer price index data and major earnings announcements later in the week. The tech-rich Nasdaq Composite Index finished up 0.2 per cent at 13,685.48. The broad-based S&P 500 advanced 0.2 per cent to 4,409.53, while the Dow Jones Industrial Average climbed 0.6 per cent to 33,944.40.

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European shares also edged up as travel and leisure stocks rebounded, limiting the impact of weak inflation data from China. The pan-European Stoxx 600 index gained 0.2 per cent after recording its worst weekly performance in almost four months on Friday.