Singapore Shares Begin Monday Trading in Positive Territory
Singapore shares began Monday (Jan 6) trading in positive territory as overseas markets closed a holiday-shortened week mixed with anticipation for the incoming Donald Trump administration.
STI and Market Performance
As at 9:01 am, the Straits Times Index (STI) was up 0.5 per cent or 17.3 points at 3,819.13. Across the broader market, gainers outnumbered losers 100 to 38 after 58.5 million securities worth S$74.4 million changed hands.
Top Gainers and Losers
Precision engineering company GSS Energy was the most actively traded counter by volume. It fell 7.1 per cent or S$0.001 to S$0.013 with 6.8 million securities transacted. Other actively traded counters included Thai Beverage, which decreased 0.9 per cent or S$0.005 to S$0.565, and protective gear manufacturer Medtecs International, which rose 5.8 per cent or S$0.008 to S$0.146.
Banking Stocks
The three local banking stocks were trading up at the open. UOB rose 0.6 per cent or S$0.22 to S$36.80. OCBC climbed 0.8 per cent or S$0.13 to S$16.70, and DBS added 0.6 per cent or S$0.28 to S$43.90.
Overseas Markets
Wall Street stocks bounced back on Friday as the week brought expectations of further Federal Reserve rate cuts and easier regulatory policies under the incoming administration. The Dow Jones Industrial Average climbed 0.8 per cent to 42,732.13. The broad-based S&P 500 rose 1.3 per cent to 5,942.47, and the tech-rich Nasdaq Composite advanced 1.8 per cent to 19,621.68.
European equities finished lower on Friday as luxury firms and spirit makers drove losses while focus stayed on potential US policy changes and the interest rate trajectory from a Trump presidency. The pan-European Stoxx 600 Index was down 0.5 per cent at 508.19.
Conclusion
Singapore shares started the week on a positive note, driven by anticipation for the incoming Trump administration. The STI and broader market saw gains, with several stocks trading up or down by notable percentages.
FAQs
Q: What was the performance of the STI on Monday?
A: The STI rose 0.5 per cent or 17.3 points to 3,819.13.
Q: Which company was the most actively traded by volume?
A: Precision engineering company GSS Energy was the most actively traded counter by volume, with 6.8 million securities transacted.
Q: What was the performance of local banking stocks?
A: The three local banking stocks – UOB, OCBC, and DBS – were trading up at the open, with UOB rising 0.6 per cent, OCBC climbing 0.8 per cent, and DBS adding 0.6 per cent.
Q: How did overseas markets perform?
A: Wall Street stocks bounced back on Friday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all rising. European equities, however, finished lower due to losses in luxury firms and spirit makers.
