Singapore shares rise at Friday’s open; STI up 0.1%
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Vivienne Tay
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SINGAPORE stocks opened slightly higher on Friday (Oct 6) amid subdued trading after Wall Street stocks retreated overnight.
Singapore’s Straits Times Index (STI) rose 0.1 per cent or 3.93 points to 3,159.03 as at 9.02 am. Across the broader market, gainers slightly outnumbered losers 48 to 40, after 40.5 million securities worth S$39.6 million changed hands.
The most active counter by volume was Seatrium , which held steady at S$0.125 with 16.6 million shares traded.
Other heavily traded securities included Mapletree Logistics Trust , which lost 1.9 per cent or S$0.03 to S$1.58 with 5.9 million shares traded, as well as Genting Singapore , which remained unchanged at S$0.82 with 2.4 million shares traded.
Banking stocks were mixed in early morning trade. DBS gained 0.5 per cent or S$0.15 to S$33.42, UOB edged down 0.04 per cent or S$0.01 to S$28.15, while OCBC advanced 0.4 per cent or S$0.05 to S$12.80.
In the US, stocks finished lower on Thursday ahead of the release of key employment data.
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The Dow Jones Industrial Average closed flat at 33,119.57 after regaining some ground in midday trading. The S&P 500 finished 0.1 per cent lower at 4,258.19, as did the tech-rich Nasdaq Composite Index, which ended at 13,219.83.
European shares rebounded on Thursday after three days of retreat, with the Stoxx 600 index closing 0.3 per cent higher.
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