SINGAPORE stocks rose in early trade on Thursday (Jan 26) following losses in US and Europe markets

The Straits Times Index (STI) rose 0.3 per cent or 9.76 points to 3,362.53 as at 9.01 am. Gainers outnumbered losers 69 to 28 after 18.3 million securities worth S$43.7 million changed hands. 

Index counter Singtel : Z74 0%was the most actively traded on Thursday morning, with 2.7 million shares changing hands, and increased 2 per cent or S$0.05 to S$2.54. 

Koh Brothers Eco Engineering : 5HV 0% was also among the top five actively traded counters in terms of volume, with 2.4 million of its securities transacted on Thursday morning. The sustainable engineering solutions provider was up 12.1 per cent or S$0.004 at S$0.037. 

Genting Singapore : G13 0% was also briskly traded, with 2.3 million of its securities changing hands. The casino operator remained unchanged at S$1.01. 

The three local banks were mostly trading higher at Thursday’s open. DBS : D05 0% rose 0.8 per cent or S$0.29 to S$35.80, while UOB : U11 0% was up 0.4 per cent or S$0.13 at S$30.04. Meanwhile, OCBC : O39 0% was flat at S$12.85. 

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Wall Street stocks mostly ended lower on Wednesday on concerns over lacklustre company earnings. The Dow Jones Industrial Average rose less than 0.1 per cent to 33,743.84, while the broad-based S&P 500 fell less than 0.1 per cent to 4,016.22. Meanwhile, the tech-rich Nasdaq Composite Index declined 0.2 per cent to 11,313.357.  

Shares in Europe also slipped on Wednesday over fears about the outlook for the tech sector and the interest rate hike, with the Stoxx 600 falling for a second day to close 0.3 per cent lower at 452.07.