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Singapore stocks rise in tandem with region and Wall Street; STI up 0.2%

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Tay Peck Gek

Tay Peck Gek

Published Mon, Mar 6, 2023 · 05:59 PM
    • DBS has bounced off its recent low of S$33.50, clocking a gain of nearly 1 per cent or S$0.32 to S$33.82.
    • DBS has bounced off its recent low of S$33.50, clocking a gain of nearly 1 per cent or S$0.32 to S$33.82. PHOTO: REUTERS

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    SINGAPORE stocks started the week slightly higher on Monday (Mar 6), in tandem with most key indexes in the region after Wall Street closed with gains last Friday.

    An 11 basis point drop in the US’ 10-year Treasury yield to below 4 per cent gave Wall Street impetus to rally on Friday, and a rising tide lifted most Asian markets on Monday.

    The Straits Times Index was up 0.2 per cent or 7.29 points to 3,239.31 points, with 13 counters down, 12 up and the rest flat. Across the broader market, gainers and decliners were almost evenly split 256 to 252, on a turnover of 2.1 billion shares worth S$1 billion.

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