Singapore shares rise on Tuesday; STI up 0.5%
Yong Hui Ting
SINGAPORE shares advanced on Tuesday (Dec 27), following a positive session on Wall Street last Friday.
The Straits Times Index (STI) rose 17.41 points, or 0.5 per cent, to 3,275.11 points after 67.1 million securities worth S$37.3 million changed hands. Advancers outnumbered decliners 83 to 39.
Medtech company Biolidics was the top traded counter by volume on Tuesday morning. The counter gained 3.9 per cent or S$0.001 to S$0.027 after 8.9 million shares changed hands at 9am.
Both The Place Holdings and Sembcorp Marine were also briskly traded. The Place Holdings rose 4.8 per cent or S$0.001 to S$0.022, with 7.4 million shares changing hands, while Sembcorp Marine opened flat at S$0.139 as 3.5 million shares were traded.
This comes after Sembmarine on Friday said it was working on convening an extraordinary general meeting on its proposed merger with Keppel Offshore & Marine.
Among index counters, Singtel shares were the most actively traded, with 828,000 shares changing hands as the counter expanded 0.8 per cent or S$0.02 to S$2.59.
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Banking stocks were up on Tuesday morning. DBS was up 1 per cent, or S$0.33, to S$34.37, OCBC went up S$0.04, or 0.3 per cent to S$12.41, while UOB rose S$0.16 or 0.5 per cent to S$31.06 as at 9.01am.
US shares closed last Friday’ session higher as investors assessed inflation data against rate hike and recession fears while energy shares jumped on higher oil prices.
The S&P 500 gained 22.72 points or 0.59 per cent to end at 3,845.11 points, while the Nasdaq Composite gained 21.88 points or 0.19 per cent to 10,495.93. The Dow Jones Industrial Average rose 178.71 points or 0.54 per cent to 33,206.2.
In Europe, the benchmark Stoxx 600 was subdued in thin pre-holiday trading after a turbulent week.
The index was flat by close and bound for a 0.6 per cent weekly advance.
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