Singapore stocks open marginally higher on Tuesday; STI up 0.1%
Zhao Yifan
SINGAPORE shares opened marginally higher on Tuesday (Aug 1) as the global market continued to trend higher.
As at 9.02 am, the Straits Times Index (STI) increased 1.68 points or 0.1 per cent to 3,375.66. Across the broader market, gainers outnumbered losers 62 to 38 after 25.97 million securities worth S$43.8 million changed hands.
The most actively traded counter by volume was Seatrium , with its share price remaining flat at S$0.141 after 3.6 million of its securities were transacted.
Other counters that were briskly traded included index stock Thai Beverage , with its share price unchanged at S$0.605. Shares of the crane service provider Hiap Tong rose 1.4 per cent or S$0.002 to S$0.141 with 2.2 million of its securities traded.
In contrast, shares of Singapore Airlines dropped by 4.1 per cent, or S$0.31 to S$7.22 amid heavy volumes traded.
The trio of local banks logged gains in early trade, led by DBS which rose S$0.06 or 0.2 per cent to S$34.32. UOB increased S$0.12 or 0.4 per cent to S$30.22, and OCBC increased S$0.03 or 0.2 per cent to trade at S$13.33.
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Wall Street stocks finished narrowly positive on Monday ahead of key economic and earnings releases later in the week.
The Dow Jones Industrial Average finished up 0.3 per cent at 35,559.53. The broad-based S&P 500 added 0.2 per cent at 4,588.96, while the tech-rich Nasdaq Composite Index also won 0.2 per cent to 14,346.02.
Meanwhile, shares in Europe rose for the second month in a row helped by gains in healthcare stocks and data showing eurozone inflation eased further in July.
The pan-European Stoxx 600 ended Monday up 0.1 per cent at 471.35.
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