Singapore stocks open higher on Tuesday; STI up 0.1%

SINGAPORE shares edged up on Tuesday (Aug 15) morning, tracking gains in the US and Europe markets.  

As at 9.01 am, the Straits Times Index (STI) climbed 2.82 points or 0.1 per cent to 3,250.52. Across the broader market, losers outnumbered gainers 63 to 60 after 53.4 million securities worth S$67.6 million changed hands.

The most actively traded counter by volume was Seatrium , which advanced 0.8 per cent or S$0.001 to S$0.134 after 23.6 million of its securities were transacted.

Other heavily traded securities included Alset International , which surged 29.4 per cent or S$0.005 to S$0.022, as well as Yangzijiang Shipbuilding , which rose 0.6 per cent or S$0.01 to S$1.70. 

Banking stocks traded mixed at Tuesday’s open.  DBS lifted 0.5 per cent or S$0.17 to S$33.73, OCBC slipped 1 per cent or S$0.12 to S$12.48, and UOB gained 0.04 per cent or S$0.01 to S$28.79.

Wall Street stocks finished higher on Monday, with tech shares rallying and leading large tech companies seeing a strong session.

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The tech-rich Nasdaq Composite Index advanced 1.1 per cent to finish at 13,788.33, while the Dow Jones Industrial Average gained 0.1 per cent to 35,307.63 and the broad-based S&P 500 climbed 0.6 per cent to 4,489.72.

European stocks rebounded from a near one-week low to close higher on Monday, with gains in retail and healthcare outpacing losses in miners and energy.

The pan-European Stoxx 600 closed up 0.2 per cent at 459.86, bouncing back from a more than 1 per cent decline on Friday.