Singapore shares rise at Tuesday’s open after global market rally; STI up 0.4%
Vivienne Tay
SINGAPORE stocks were pulled into positive territory on Tuesday (Aug 29) after global markets finished higher overnight.
The Straits Times Index (STI) rose 0.4 per cent or 12.61 points to 3,226.29 as at 9.02 am. Across the broader market, gainers outnumbered losers 77 to 39, or about two securities up for every one down, after 27.6 million securities worth S$36.5 million changed hands.
The most active counter by volume was Seatrium , which rose 0.7 per cent, or S$0.001 to S$0.144, with 5.4 million shares traded.
Other heavily traded securities included Genting Singapore , which was up 1.1 per cent or S$0.01 to S$0.90 with 2.7 million shares traded, and Yangzijiang Shipbuilding , which gained 0.6 per cent or S$0.01 to S$1.78.
Banking stocks rose in early morning trade. DBS was trading up 0.5 per cent or S$0.16 at S$33.38. UOB advanced 1.3 per cent or S$0.36 to S$28.66, while OCBC rose 0.4 per cent, or S$0.05 to S$12.51.
US shares ended higher on Monday, with all three major stock indices rising ahead of key inflation and jobs data this week.
The S&P 500 closed 0.6 per cent higher to finish the session at 4,433.31. The Nasdaq climbed 0.8 per cent to 13,705.13, while the Dow Jones Industrial Average rose 0.6 per cent to 34,559.98.
Europe’s benchmark Stoxx 600 ended Monday 0.9 per cent higher, boosted by China-exposed industrials. Technology stocks also led the gains with a 1.7 per cent advance.
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