Singapore shares rise at Monday's open; STI up 0.29% to 3,499.56
SINGAPORE shares opened stronger on Monday, with the benchmark Straits Times Index advancing by 0.29 per cent, or 10.11 points, to 3,499.56 as at 9.02am.
Gainers outnumbered losers 85 to 39 on a turnover of 109.8 million shares worth S$89.2 million right after the opening bell.
Local equities' morning advance followed a continued surge in US stocks, which most recently saw the the Dow Jones Industrial Average crossing the 25,000 mark at closing for the first time.
Aluminium alloy product manufacturer Midas Holdings saw plenty of froth in the first few minutes of Monday trading.
The counter put on 0.2 Singapore cent, or 1.21 per cent, to S$0.168 on a volume of more than 13.4 million shares.
All three local banks started the day in good spirits.
OCBC Bank was the busy bee among the trio, adding S$0.05, or 0.39 per cent, to S$13.00, with 732,100 shares traded.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard