SINGAPORE: Kicking off on a positive note, Singapore’s stock market saw gains early Tuesday, following a varied performance in global equity markets o
SINGAPORE: Kicking off on a positive note, Singapore’s stock market saw gains early Tuesday, following a varied performance in global equity markets overnight, according to The Business Times. By 9:01 am, the Straits Times Index (STI) increased by 13.12 points, marking a 0.4% rise to reach 3,151.54. Broad market sentiment appeared optimistic, with 58 stocks advancing compared to 31 declines as trading volume hit 18 million shares, valued at S$30.4 million.
Among the most actively traded stocks, Singtel led with a 0.84% increase to S$2.40, with 5.8 million shares changing hands. Meanwhile, Seatrium dipped slightly by 1.1% to S$0.09, and Vividthree surged by 11.11%, closing at S$0.028 amid strong trading activity.
Singapore’s banking stocks also showed upward movement, with DBS gaining 0.6% to S$33.80, UOB inching up 0.1% to S$28.30, and OCBC increasing by 0.5% to S$13.23.
Across the globe, U.S. markets closed relatively unchanged on Monday, awaiting key consumer inflation data. The Dow Jones Industrial Average saw a marginal increase of 0.1% to reach 38,769.66. In contrast, the S&P 500 edged down by 0.1% to 5,117.94, and the Nasdaq dropped by 0.4%, ending at 16,019.27.
European markets also faced setbacks, particularly within the tech sector, as the Stoxx 600 index fell 0.4% from recent highs to close at 501.49.
COMMENTS