SINGAPORE stocks rose in early trade on Wednesday (Nov 9) to track Wall Street gains ahead of key economic data.
The Straits Times Index (STI) rose 0.2 per cent or 6.78 points to 3,152.61 as at 9.01 am.
Gainers outnumbered losers 56 to 29 after 35 million securities worth S$30.4 million changed hands.
Shares of The Place Holdings : E27 +7.69% were among the most actively traded securities on Wednesday morning, with 6.3 million shares changing hands as at 9.01 am. The counter rose 7.7 per cent or S$0.002 to S$0.028.
CapitaLand Integrated Commercial Trust : C38U +1.07% also saw brisk trading, with 3.1 million units transacted as at 9.01 am. It was one of the top three gainers on Wednesday morning, rising 1.6 per cent or S$0.03 to S$1.90.
Following a Singapore Exchange query on “unusual” share price movements yesterday, Golden Energy and Resources : AUE +17.91% rose 19.4 per cent or S$0.13 to S$0.80 as at 9.01 am. The coal miner recently announced that it intends to delist.
The trio of local banks were trading mixed on Wednesday morning, with DBS : D05 +0.23% down 0.1 per cent or S$0.02 at S$34.57. UOB : U11 +0.52% rose 0.3 per cent or S$0.08 to S$28.93, while OCBC : O39 +0.33% was up 0.3 per cent or S$0.04 at S$12.19.
In the US, Wall Street stocks rose for a third straight session Tuesday as the midterm elections dominated attention ahead of a critical consumer price report that will likely influence the course of US monetary policy.
The Dow Jones Industrial Average finished with an increase of 1 per cent at 33,160.83. The broad-based S&P 500 rose 0.6 per cent to 3,828.11, while the tech-rich Nasdaq Composite Index advanced 0.5 per cent to 10,616.2.
European shares hit an eight-week closing high on Tuesday as investors hoped for a market-friendly outcome from the US midterm elections. The pan-European Stoxx 600 index closed up 0.8 per cent after moving in a narrow range for most of the day, with technology and retail sectors at the forefront of buying.
Elsewhere in Asia, Tokyo stocks opened higher on Wednesday with investors encouraged to buy after rallies on Wall Street.
The benchmark Nikkei 225 index was up 0.15 per cent or 41.56 points at 27,913.67, while the broader Topix index added 0.05 per cent or 1 point to 1,958.56.
(Source : BUSINESS TIMES) , all rights reserved by original source.