Singapore shares rise at Tuesday’s open; STI up 0.6%
Vivienne Tay
SINGAPORE stocks opened higher on Tuesday (Oct 31), tracking overnight gains in the US and European stock markets.
The Straits Times Index (STI) headed up 0.6 per cent or 19.49 points to 3,083.78 as at 9.01 am. Across the broader market, gainers outnumbered losers 105 to 33 after 66.1 million securities worth S$50.6 million changed hands.
The most active counter by volume was Seatrium , which rose 0.9 per cent or S$0.001 to S$0.112 with 25.2 million shares traded.
Other heavily traded securities included Genting Singapore , which was up 1.7 per cent or S$0.015 to S$0.88, with 2.6 million shares traded, and OUE Commercial Real Estate Investment Trust , which gained 2.2 per cent or S$0.005 to S$0.23, with 1.3 million shares traded.
Local banking stocks rose in early morning trade. DBS was trading up 0.4 per cent or S$0.14 to S$33.09, UOB rose 0.3 per cent or S$0.09 higher to S$27.17, while OCBC climbed 0.7 per cent or S$0.09 to S$12.79.
Other active index counters included Singtel, which advanced 0.4 per cent or S$0.01 to S$2.39 and CapitaLand Investment, which was up 1.4 per cent or S$0.04 to S$2.95.
Wall Street stocks finished higher on Monday ahead of the Federal Reserve’s interest rate decision.
The Dow Jones Industrial Average jumped 1.6 per cent to end the day at 32,928.96, the S&P 500 rose 1.2 per cent to 4,166.82, while the tech-heavy Nasdaq Composite Index finished 1.2 per cent higher as well to reach 12,789.48.
European shares started the week strong amid falling bond yields. The pan-European Stoxx 600 closed 0.4 per cent higher, after falling more than 4 per cent in the past two weeks.
Copyright SPH Media. All rights reserved.
