Singapore shares edge up at Monday’s open; STI up 0.1%

SINGAPORE stocks opened slightly higher on Monday (Jul 24) amid a mixed performance among index counters, after the global markets closed mostly in positive territory on Friday.

The Straits Times Index (STI) was up 0.1 per cent or 2.84 points to 3,281.14 as at 9.04 am. Across the broader market, gainers outnumbered losers 83 to 47 after 68.2 million securities worth S$50.4 million changed hands.

The most active counter by volume was Seatrium , which held steady at S$0.145 with 25.5 million shares traded.

Other heavily traded securities included Thai Beverage Public Company , which was up 0.8 per cent or S$0.005 to S$0.60, and Yangzijiang Shipbuilding , which advanced 0.7 per cent or S$0.01 to S$1.50.

Banking stocks were mixed in early morning trade. DBS dipped 0.1 per cent or S$0.03 to S$32.71, UOB rose 0.1 per cent or S$0.02 to S$28.64, while OCBC remained unchanged at S$12.69.

Other active index counters included Singte l, which climbed 1.2 per cent or S$0.03 to S$2.63, as well as Venture Corporation , which declined 0.9 per cent or S$0.13 to S$14.47.

On Friday, Wall Street stocks ended mixed. The Dow Jones Industrial Average finished marginally higher to hit its 10th consecutive day of gains, its longest rally in nearly six years. The blue chip index rose 0.01 per cent to 35,227.69 points.

The S&P 500 climbed 0.03 per cent to end at 4,536.34 points, while the Nasdaq declined 0.2 per cent to 14,032.81 points.

In Europe, shares finished higher on Friday, although German stocks fell behind after SAP dropped 4.2 per cent after the software maker cut its full-year outlook for key cloud sales. This weighed on Germany’s DAX index, which closed 0.2 per cent lower.

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