Singapore stocks rise on Wednesday; STI up 0.4%
BUSINESS TIMES · 01 Feb 3.7K Views

SINGAPORE stocks rose in early trade on Wednesday (Feb 1) following mixed activity in the US and Europe markets.

The Straits Times Index (STI) rose 0.4 per cent or 12.09 points to 3,377.76 as at 9.01 am. Gainers outnumbered losers 90 to 20 after 43.6 million securities worth S$59.3 million changed hands. 

The Place Holdings : E27 0% was the most actively traded on Wednesday morning, with 5.1 million of its securities changing hands at the open. The mainboard-listed counter remained unchanged at S$0.015.

Genting Singapore : G13 +0.51% was also actively traded in terms of volume with 4.1 million shares changing hands. The casino operator was up 0.5 per cent or S$0.005 to S$0.995.

Sembcorp Marine : S51 -0.7% was also among the top five actively traded counters in terms of volume, with 2.7 million of its shares changing hands in early trade. The counter was up 0.7 per cent or S$0.001 to S$0.143.

The trio of local banks were all trading higher on Wednesday morning. UOB : U11 -0.13% was up 0.3 per cent or S$0.10 to S$29.93, while OCBC : O39 +0.15% also gained 0.3 per cent or S$0.04 to S$12.97. DBS : D05 -0.11% was also up 0.3 per cent or S$0.10 to S$35.89.

Wall street stocks ended higher on Tuesday following reports of mostly good earnings while awaiting the Federal Reserve’s rates decision.

The Dow Jones Industrial Average rose 1.1 per cent to close at 34,086.04, while the broad-based S&P 500 climbed 1.5 per cent to 4,076.60. Meanwhile, the tech-rich Nasdaq Composite Index jumped 1.7 per cent to 11,584.55. 

Shares in Europe ended lower on anticipated rate hikes from central banks, but the Stoxx 600 still recorded its biggest January percentage gain of 6.7 per cent since 2015. The index dipped 0.2 per cent to 453.21 at the close.

(Source : BUSINESS TIMES) , all rights reserved by original source.