Singapore stocks open flat on Monday; STI up 0.02%

SINGAPORE stocks barely moved in early trade on Monday (Feb 6) following mixed activity in US and Europe markets.  

The Straits Times Index (STI) rose 0.02 per cent or 0.83 point to 3,385.12 as at 9.02 am. Losers outnumbered gainers 86 to 65 after 59.7 million securities worth S$67.5 million changed hands. 

Acesian Partners was the most actively traded on Monday morning, with 6.4 million of its securities changing hands at the open. The counter was up 10.7 per cent or S$0.006 at S$0.062. 

Ley Choon Group was also actively traded in terms of volume with 5.7 million shares changing hands on Monday morning. The Catalist-listed group was up 5.9 per cent or S$0.001 to S$0.018. 

Index counter Singtel was also among the top five actively traded counters in terms of volume, with 2.7 million of its shares changing hands in early trade. The telecommunications company was down 0.4 per cent or S$0.01 at S$2.53. 

The trio of local banks saw mixed activity on Monday morning. DBS was up 0.5 per cent or S$0.18 to S$35.68, while UOB rose 0.7 per cent or S$0.20 to S$30.36. Meanwhile, OCBC was down 0.4 per cent or S$0.05 to S$12.95. 

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Singapore stocks gain on Friday as Reits continue to trade higher; STI up 0.6%

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Wall Street stocks ended lower on Friday following a strong January jobs report which raised questions about anticipated rate hikes. 

The Dow Jones Industrial Average declined 0.4 per cent to close at 33,926.01, while the broad-based S&P 500 dropped 0.8 per cent to 4,136.48. Meanwhile, the tech-rich Nasdaq Composite Index fell 1.6 per cent to 12,006.95. 

Meanwhile, Europe shares ended higher, boosted by gains in healthcare and energy companies, as well as an optimistic outlook for the region’s economy. The Stoxx 600 rose 0.3 per cent to hit its highest since April last year at 460.77 at the close.