Singapore shares open higher on Thursday; STI up 0.5%
SINGAPORE shares began Thursday (Oct 10) trading in positive territory, mirroring gains in overseas bourses.
As at 9.03 am, the Straits Times Index (STI) was up 0.5 per cent or 18.43 points at 3,614.09. Across the broader market, gainers outnumbered losers 94 to 23 after 61.6 million securities worth S$80.5 million changed hands.
E-commerce retailer and distributor Y Ventures was the most actively traded counter by volume. It was trading up 20 per cent or S$0.002 at S$0.012 with 7.4 million securities traded.
Other actively traded counters included Frasers Logistics & Commercial Trust which was trading down 0.9 per cent or S$0.01 at S$1.14, and integrated shipping group Marco Polo Marine which was trading up 1.8 per cent or S$0.001 at S$0.057.
Banking stocks were trading up at the open. DBS was up 0.5 per cent or S$0.20 at S$39, OCBC rose 0.5 per cent or S$0.07 to S$15.13, and UOB climbed 0.9 per cent or S$0.29 to S$32.22.
Wall Street stocks finished higher on Wednesday tracking gains in technology shares.
The Dow Jones Industrial Average and the broad-based S&P 500 clocked fresh records with the former rising 1 per cent to 42,512, and the latter climbing 0.7 per cent to 5,792.04. The tech-rich Nasdaq Composite Index advanced 0.6 per cent to 18,291.62.
European stocks closed higher on Wednesday, recovering from the previous session’s losses with investors watching upcoming interest rate cuts and a key US inflation report later this week. The pan-European Stoxx 600 index was up 0.7 per cent at 520.05.
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