Singapore shares rise at Friday’s open; STI up 0.5%
Vivienne Tay
SINGAPORE stocks were pulled into positive territory on Friday (Dec 8), following overnight gains on Wall Street, with the Nasdaq ending sharply higher, supported by heavy-weight tech stocks.
On the Singapore bourse, the Straits Times Index (STI) added 0.5 per cent or 15.76 points to 3,090.02 as at 9.02 am. Across the broader market, gainers outnumbered losers 78 to 40, after 104.8 million securities worth S$68.4 million changed hands.
The most active counter by volume was Seatrium , which rose 3 per cent or S$0.003 to S$0.104 with 81.9 million shares traded.
Other heavily traded securities included Genting Singapore , which climbed 1.6 per cent or S$0.015 to S$0.97 with 8.2 million shares transacted, and Thai Beverage , which held steady at S$0.495 with 7.8 million shares changing hands.
Local banking stocks rose in early morning trade. DBS was trading up 0.8 per cent or S$0.24 at S$31.42, UOB rose 0.8 per cent or S$0.22 to S$27.41, while OCBC gained 0.4 per cent or S$0.05 to S$12.56.
In the US, the S&P 500 ended 0.8 per cent higher at 4,585.6, while the Dow Jones Industrial Average rose 0.2 per cent to 36,117.13. The tech-heavy Nasdaq Composite finished sharply higher by 1.4 per cent at 14,339.99, as investors bet on artificial intelligence.
European shares slipped on Thursday, as data in Germany added to worries that the industrial sector will continue to drag on the eurozone’s largest economy. The pan-European Stoxx 600 shed 0.3 per cent to 468.78, and Germany’s DAX dipped 0.2 per cent.
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