Singapore Stocks in Positive Territory at Open
Singapore shares were in positive territory on Wednesday (Jan 15) at the open, as investors globally await key inflation data in the US which will set interest rate expectations.
Local Markets
The Straits Times Index (STI) rose 0.2 per cent or 6.46 points to 3,795.23 just past 9 am. Across the broader market, advancers beat decliners 81 to 55, with 68.3 million securities worth S$130.8 million changing hands.
Most Actively Traded Counters
Among the most actively traded counters was Seatrium, which jumped 1.8 per cent or S$0.04 to S$2.22.
Another counter that was briskly traded was Yangzijiang Shipbuilding as it fell from its roughly 4 per cent spike the day before. On Wednesday morning, it lost 0.7 per cent or S$0.02 to S$3.05.
Bank Performance
The three banks were mixed, with DBS declining 0.5 per cent or S$0.23 to S$43.67. UOB was down 0.5 per cent or S$0.20 at S$36.77. OCBC was the only bank that gained, rising 0.6 per cent or S$0.10 to S$17.02.
CapitaLand India Trust News
Meanwhile, CapitaLand India Trust announced on Wednesday that it has signed a long-term agreement with a leading global hyperscaler for one of its data centres under development, as it prepares to meet fast-growing demand for data centre capacity in India. The counter was down 0.9 per cent at S$1.05, in early trading.
Global Markets
US markets were mixed overnight as investors await inflation data on Wednesday, which will lead expectations for the US Federal Reserve’s interest rate decisions this year.
The S&P 500 edged up 0.1 per cent to close at 5,842.91, while the Dow Jones Industrial Average closed 0.5 per cent higher at 42,518.28. The Nasdaq Composite lost 0.2 per cent to 19,044.39.
European shares were little changed, with the Stoxx 600 down 0.1 per cent to close at 508.28.
Conclusion
Singapore’s stocks started the day in positive territory, as investors awaited key inflation data in the US. Locally, the STI rose 0.2 per cent, with banks and other stocks mixed. Globally, US markets were mixed, while European shares were little changed.
FAQs
- What drove the positive performance of Singapore’s stocks?
- Awaited key inflation data in the US, which will set interest rate expectations
- Which stock was most actively traded on the day?
- Seatrium, which jumped 1.8 per cent or S$0.04 to S$2.22
- Which bank performed better among the three major banks in Singapore?
- OCBC rose 0.6 per cent or S$0.10 to S$17.02
- What is the recent development regarding CapitaLand India Trust?
- Signed a long-term agreement with a leading global hyperscaler for one of its data centres under development
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