Singapore stocks open stronger on Thursday; STI up 0.2%
Mia Pei
SINGAPORE stocks edged up on Thursday (Nov 9) morning amid earnings reports.
Singapore’s Straits Times Index (STI) rose 0.2 per cent or 5.94 points to 3,135.66 as at 9.02 am. Across the broader market, gainers outnumbered losers 63 to 46 after 62.6 million securities worth S$49 million changed hands.
The most active counter by volume was Seatrium, which gained 0.9 per cent, or S$0.001, to S$0.11 with 23.7 million shares traded.
Other heavily traded securities included Keppel Reit, which lost 0.6 per cent, or S$0.005, to S$0.785 with 5.8 million shares transacted. Yoma Strategic, also heavily traded by volume, rose 7.8 per cent, or S$0.006, to S$0.083 with two million shares changing hands.
Banking stocks rose in early morning trade. DBS was trading up 0.4 per cent or S$0.12 at S$33.45. UOB was up 0.6 per cent or S$0.16 to S$27.55, and OCBC rose 0.2 per cent or S$0.02 to S$13.08.
US indices closed on Wednesday little changed, as investors stayed cautious awaiting more earnings releases. The Dow Jones Industrial Average edged down 0.1 per cent to finish at 34,112.80. The broad-based S&P 500 climbed 0.1 per cent to 4,382.80, and the tech-rich Nasdaq Composite Index ticked up 0.1 per cent to 13,650.41.
European shares closed higher on Wednesday on strong earnings reports. The pan-European Stoxx 600 closed 0.3 per cent higher.
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