SINGAPORE stocks rose in early trade on Friday (Feb 3) following mostly gains in US and Europe markets.  

The Straits Times Index (STI) rose 0.2 per cent or 6.2 points to 3,369.88 as at 9.01 am. Gainers outnumbered losers 82 to 44 after 72.3 million securities worth S$88.8 million changed hands. 

Sembcorp Marine : S51 0% was the most actively traded on Friday morning, with 20.1 million of its securities changing hands at the open. The counter was up 0.7 per cent or S$0.001 at S$0.146. 

Mapletree Logistics Trust : M44U 0% was also actively traded in terms of volume with three million shares changing hands on Friday morning. The real estate investment trust was up 2.3 per cent or S$0.04 to S$1.76. 

The Place Holdings : E27 0% 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 mainboard-listed counter remained unchanged at S$0.016. 

The trio of local banks saw mixed activity on Friday morning. UOB : U11 0%was up 0.5 per cent or S$0.15 to S$29.78, while DBS : D05 0% also rose 0.5 per cent or S$0.17 to S$35.25. Meanwhile, OCBC : O39 0%was down 0.1 per cent or S$0.01 to S$12.87. 

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Wall Street stocks mostly ended higher on Thursday following better-than-expected results from Facebook parent Meta platforms, on hopes of good earnings from other tech giants as well.

The tech-rich Nasdaq Composite Index jumped 3.3 per cent to 12,200.82, while the broad-based S&P 500 climbed 1.5 per cent to 4,179.76. Meanwhile, the Dow Jones Industrial Average dipped 0.1 per cent to close at 34,053.94. 

Europe shares ended higher and hit their peak in nearly a year as investors anticipate the end of the global rate hiking cycle. The Stoxx 600 rose 1.4 per cent to 459.20 at the close.