Singapore stocks rise at Friday’s open; STI up 0.1%

SINGAPORE stocks rose in early trade on Friday (Jan 27) following the release of fresh data from the Urban Redevelopment Authority, which indicated a rise in Q4 private home prices while retail rents fell. 

The Straits Times Index (STI) rose 0.1 per cent or 3.83 points to 3,381.02 as at 9 am. Gainers outnumbered losers 74 to 42 after 40.9 million securities worth S$73.5 million changed hands.

Sembcorp Marine was among the most actively traded securities on Friday morning, with 4.9 million shares changing hands as at 9.01 am. The counter rose 1.5 per cent or S$0.002 to S$0.14.

Sinjia Land was also heavily traded on Friday morning, rising 4.8 per cent or S$0.002 to S$0.044 as at 9.01 am.

Among index counters, Yangzijiang Shipbuilding saw brisk activity in terms of volume. It was up 0.8 per cent or S$0.01 at S$1.28 as at 9.01 am.

The three local banks were trading mixed at Friday’s open. DBS gained 0.5 per cent or S$0.16 to S$35.86, UOB fell 0.2 per cent or S$0.05 to S$30.08, while OCBC traded flat at S$12.94 as at 9.01 am.

SEE ALSO

Stocks to watch: Frasers Centrepoint Trust, Frasers Property, Mapletree Industrial Trust

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Wall Street stocks finished higher on Thursday as investors await next week’s Federal Reserve monetary policy meeting. The Dow Jones Industrial Average finished up 0.3 per cent at 33,831.24. The broad-based S&P 500 gained 0.6 per cent to 4,040.22, while the tech-rich Nasdaq Composite Index jumped 1.1 per cent to 11,435.85.

European shares rose at Thursday’s closing as upbeat results eased some worries about a profit hit from higher borrowing costs, while US economic data bolstered hopes of a soft landing. The pan-European Stoxx 600 rose 0.4 per cent to close at 453.98 after two consecutive days of declines.