Singapore shares open higher on Wednesday; STI up 0.4%

SINGAPORE shares began Wednesday (Sep 11) trading in positive territory, mirroring overnight gains in Wall Street.

As at 9.01 am, the Straits Times Index (STI) climbed 0.4 per cent or 12.37 points to 3,525.04. Across the broader market, gainers outnumbered losers 65 to 40 after 24 million securities worth S$62 million changed hands.  

Mainboard-listed property developer and builder Wee Hur was the most actively traded counter by volume. It rose 9.1 per cent or S$0.025 to S$0.30, with 3.5 million shares transacted.

Other briskly traded counters included Singtel , which traded flat at S$3.24, as well as CapitaLand Integrated Commercial Trust, which gained 0.5 per cent or S$0.01 to S$2.12. 

Banking stocks were mixed at the open. OCBC declined 0.1 per cent or S$0.01 to S$15.14. UOB increased 0.3 per cent or S$0.11 to S$32.07. DBS climbed 0.7 per cent or S$0.25 to S$37.43. 

Wall Street stocks mostly rose on Tuesday ahead of key US inflation data and an anticipated presidential debate between Vice-President Kamala Harris and former president Donald Trump. The Dow Jones Industrial Average finished down 0.2 per cent at 40,736.96. The broad-based S&P 500 gained 0.5 per cent to 5,495.52, while the tech-rich Nasdaq Composite Index gained 0.8 per cent to 17,025.88.

SEE ALSO

Europe: Banks, energy stocks weigh on bourses; BMW tumbles

US: Stocks mostly rise ahead of inflation data

Singapore shares open higher on Tuesday; STI up 1.2%

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European bourses largely lost ground ahead of Wednesday’s US inflation report and an anticipated European Central Bank rate cut later in the week. The pan-European Stoxx 600 index dipped 0.5 per cent to 507.95.