Singapore Stocks Start Trading Higher
Singapore stocks began trading higher on Friday morning, following a muted showing from US equities.
Market Performance
As at 9.02 am, the Straits Times Index (STI) rose 22.28 points or 0.6 per cent to 3,783.73. Across the broader market, gainers outnumbered losers 72 to 32 after 40.9 million securities worth S$45.9 million changed hands.
Active Counters
OKH Global was one of the most actively traded counters by volume. It was trading 3.5 per cent or S$0.001 higher at S$0.03 with 3.8 million securities changing hands. Other actively traded counters included Mapletree Pan Asia Commercial Trust which advanced 0.8 per cent or S$0.01 to S$1.22, and Genting Singapore, which rose 0.7 per cent or S$0.005 to S$0.765.
Banking Stocks
Banking stocks were trading up at the open. UOB was up 0.5 per cent or S$0.18 at S$36.28. DBS rose 0.6 per cent or S$0.26 to S$43.80, and OCBC climbed 0.5 per cent or S$0.08 to S$16.57.
US Market Performance
Wall Street stocks ended little changed on Thursday as US Treasury bond yields retreated, in addition to a Mastercard SpendingPulse report noting higher holiday retail sales, with a 3.8 per cent increase in US retail spending from Nov 1 to Dec 24.
Conclusion
In conclusion, Singapore stocks started trading higher on Friday morning, with the STI rising 0.6 per cent to 3,783.73. The broader market saw gainers outnumbering losers 72 to 32, with banking stocks and several other counters trading higher.
FAQs
Q: What was the performance of the Straits Times Index (STI) on Friday morning?
A: The STI rose 22.28 points or 0.6 per cent to 3,783.73.
Q: Which stocks were actively traded on Friday?
A: OKH Global, Mapletree Pan Asia Commercial Trust, and Genting Singapore were among the most actively traded counters.
Q: How did banking stocks perform on Friday?
A: Banking stocks, including UOB, DBS, and OCBC, were trading up at the open.
Q: What was the performance of US stocks on Thursday?
A: Wall Street stocks ended little changed on Thursday, with the Dow Jones Industrial Average finishing 0.1 per cent higher at 43,325.8.
