Singapore stocks edge higher on Monday; STI up 0.1%
Add BT as a preferred source
Michelle Zhu
SINGAPORE stocks started Monday (Jul 25) on a positive note after global markets ended the previous week mixed.
The Straits Times Index (STI) rose 0.1 per cent or 2.54 points to 3,183.88 as at 9.01 am.
Losers outnumbered gainers 55 to 33 after some 29.3 million securities worth S$42.9 million changed hands.
Catalist-listed Acesian Partners was the top-traded counter by volume in the morning, gaining S$0.001 or 2.1 per cent after 5.4 million of its shares were traded.
Shares of Shen Yao were also actively traded at the open, remaining unchanged at S$0.002 with 3.5 million securities changing hands.
Genting Singapore was the top index gainer in terms of volume as 1.8 million of its shares changed hands. The mainboard-listed integrated resort operator was flat at S$0.81.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
Local bank stocks were mixed on Monday morning. DBS rose S$0.10 or 0.3 per cent to reach S$31.36, while OCBC gained S$0.02 or 0.2 per cent to S$11.50. UOB shed a marginal S$0.01 or 0.04 per cent to trade at S$27.45.
Over on Wall Street, US stocks ended Friday lower as losses from social media and ad tech firms offset gains from card issuer American Express following an upbeat forecast.
The Dow Jones Industrial Average fell 137.61 points or 0.4 per cent to 31,899.29, the S&P 500 lost 37.32 points or 0.9 per cent to 3,961.63 and the Nasdaq Composite dropped 225.50 points or 1.9 per cent to 11,834.11.
On the contrary, shares in Europe logged their best week in 2 months on Friday as concerns over an energy supply crunch eased, bringing some calm to investors worried about a big rise in interest rates and a political crisis in Italy.
The pan-European Stoxx 600 index closed 0.3 per cent up at its highest level since Jun 10, while for the week it jumped nearly 2.9 per cent.
Elsewhere in Asia, Tokyo markets opened Monday lower to track losses on Wall Street as investors were disheartened by a key monthly survey on economic activity that fuelled concern over a global economic slowdown.
The benchmark Nikkei 225 index slipped 0.6 per cent or 173.32 points to 27,741.34 in early trade, while the broader Topix index fell 0.4 per cent or 8.29 points to 1,947.68.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
