Singapore shares advance at Tuesday’s open; STI up 0.4%

SINGAPORE shares rebounded on Tuesday (Oct 24) morning after global equities ended mixed overnight.

The Straits Times Index (STI) climbed 13.26 points or 0.4 per cent to 3,066.62 as at 9.01 am. Across the broader market, gainers outnumbered losers 64 to 35 after 48.6 million securities worth S$37.4 million changed hands.

Seatrium was the most actively traded in terms of volume. The index counter remained flat at S$0.112 with 14.8 million of its shares transacted.

Watch-listed investment and management company SMI Vantage was briskly traded as well, rising S$0.005 or 12.5 per cent to S$0.045 at the open. Property developer Hatten Land advanced S$0.002 or 13.3 per cent to S$0.017.

The local banks were mixed in early trade, with DBS inching down a marginal S$0.01 or 0.03 per cent to S$33. OCBC and UOB each gained S$0.07, or 0.6 per cent and 0.3 per cent respectively, to S$12.78 and S$27.69. 

Wall Street equities closed Monday’s session mixed as markets monitored US Treasury yields, and awaited key earnings and economic data later in the week.

The tech-centred Nasdaq Composite Index finished up 0.3 per cent at 13,018.33.

The Dow Jones Industrial Average dropped 0.6 per cent to 32,936.41 and the broad-based S&P 500 shed 0.2 per cent to 4,217.04.

Shares in Europe ended Monday lower as rising government bond yields and concerns over the Israel-Hamas war kept investors on edge.

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The pan-European Stoxx 600 closed 0.1 per cent down at 433.18, after declines of over 3 per cent in the previous week.