Singapore shares open higher on Monday; STI up 0.1%
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SINGAPORE stocks began trading in positive territory on Monday (Jun 10), even as global markets ended lower last week.
As at 9.01 am, the Straits Times Index (STI) opened 0.1 per cent or 1.86 points higher at 3,332.63. Across the broader market, losers outnumbered gainers 59 to 54 after 57.8 million securities worth S$65.4 million changed hands.
One of the most actively traded counters by volume was Seatrium , which gained 2.4 per cent or S$0.04 to S$1.74, with 4.9 million shares changing hands.
Other heavily traded securities included Thai Beverage , which rose 1 per cent or S$0.005 to S$0.515. Units of CapitaLand Ascendas Real Estate Investment Trust fell 0.8 per cent or S$0.02 to S$2.63.
Banking stocks were mixed at the open. DBS rose 0.7 per cent or S$0.24 to S$35.76. UOB gained 0.4 per cent or S$0.12 to S$30.88, while OCBC inched down 0.1 per cent or S$0.02 to S$14.25.
Wall Street stocks ended lower on Friday after the release of May’s job data, which further dampened the outlook for imminent interest rate cuts.
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The broad-based S&P 500 declined 0.1 per cent to 5,346.99, and the tech-rich Nasdaq Composite Index lost 0.2 per cent at 17,133.13. The Dow Jones Industrial Average finished down 0.2 per cent at 38,798.99.
European shares fell after the stronger-than-expected US jobs report. The pan-European Stoxx 600 closed 0.2 per cent lower at 523.55, but recorded its first weekly gain in three weeks.
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